Homework Answers
For this question, FV = 2 * PV
2 * PV = PV * (1 + r)8
2 = (1 + r)8
1.0905 = 1 + r
r = 0.0905
r = 9.05%
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HW18: Problem 4 Previous Problem Problem List Next Problem (4 points) What annual rate of interest...
HW18: Problem 9 Previous Problem Problem List Next Problem (4 points) What are the effective annual...
HW18: Problem 9 Previous Problem Problem List Next Problem (4 points) What are the effective annual rates for an account paying an annual interest rate of 10% which is compounded: (a) annually? (b) quarterly? (c) daily (assuming there are 365 days in the year)? (d) continuously? E % Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 11/21/2019 at 06:19pm...
HW18: Problem 10 Previous Problem Problem List Next Problem (4 points) Find the effective rate of...
HW18: Problem 10 Previous Problem Problem List Next Problem (4 points) Find the effective rate of interest for a) 11% compounded monthly Answer b) 6% compounded semiannually Answer Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining Page generated at 11/21/2019 at 06:19pm EST WeBWorK 1996-2018| theme: math4 ww_version: WeBWorK-2.14 | pg_version PG-2.14| The WeBWorK Project
HW18: Problem 5 Previous Problem Problem List Next Problem (4 points) Suppose you invest $16,930.00 into...
HW18: Problem 5 Previous Problem Problem List Next Problem (4 points) Suppose you invest $16,930.00 into an account earning an interest rate of 2.816% compounded continuously for 2 year(s) and thereafter earning an interest rate of 4.114% compounded yearly. How much money is in the account after 8 years? The amount in the account is (Note: Your answer should have a dollar sign and be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem...
HW18: Problem 8 Previous Problem Problem List Next Problem (4 points) If you make a deposit...
HW18: Problem 8 Previous Problem Problem List Next Problem (4 points) If you make a deposit into a bank account, at what interest rate (compounded monthly) should you invest if you would like to double your investment in 38 months? (Note: Your answer should be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 11/21/2019 at 06:19pm EST WebWork © 1996-2018| theme: math4 |...
HW18: Problem 6 Previous Problem Problem List Next Problem (4 points) If you invest $640.10 in...
HW18: Problem 6 Previous Problem Problem List Next Problem (4 points) If you invest $640.10 in an account earning an annual interest rate of 4.122% compounded daily, how much will be in your account after 4 years? After 12 years? After 4 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) After 12 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) Note: You can earn...
HW18: Problem 3 Previous Problem Problem List Next Problem (4 points) A mutual fund pays 6%...
HW18: Problem 3 Previous Problem Problem List Next Problem (4 points) A mutual fund pays 6% compounded monthly. How much should I invest now so that 6 years from now I will have $3700 in the account? Amount = $ 20910.3 Preview My Answers Submit Answers You have attempted this problem 4 times. Your overall recorded score is 0%. You have unlimited attempts remaining.
> webwork / ma162-su20 golenbiewski / hw18 / 7 HW18: Problem 7 Previous Problem Problem List...
> webwork / ma162-su20 golenbiewski / hw18 / 7 HW18: Problem 7 Previous Problem Problem List Next Problem (1 point) John wants to buy a new sports car, and he estimates that he'll need to make a $3,225.00 down payment towards his purchase. If he has 23 months to save up for the new car, how much should he deposit into his account if the account earns 5.53% compounded continuously so that he may reach his goal? John needs to...
HW18: Problem 2 Previous Problem Problem List Next Problem (4 points) Find the principal needed to...
HW18: Problem 2 Previous Problem Problem List Next Problem (4 points) Find the principal needed to get $700 in 6 years at 4% compounded monthly. Principal = $ 11 Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
A0-Demo only: Problem 7 Previous Problem List Next (1 point) At what interest rate (compounded weekly)...
A0-Demo only: Problem 7 Previous Problem List Next (1 point) At what interest rate (compounded weekly) should you invest if you would like to grow $3,736.88 to $4,209.00 in 68 weeks? (Note: Your answer should be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 1 time. Your overall recorded score is 0% You have unlimited attempts remaining Email instructor Psge generated at 01/15/2019 at 09.38pm EST WeB Worko 1996-2015 l theme, trath시 ww-verson:...
> webwork / ma162-su20 golenbiewski / hw18 / 5 HW18: Problem 5 Previous Problem Problem List...
> webwork / ma162-su20 golenbiewski / hw18 / 5 HW18: Problem 5 Previous Problem Problem List Next Problem (1 point) Suppose you invest $16,275.00 into an account earning an interest rate of 2.936% compounded continuously for 1 year(s) and thereafter earning an interest rate of 3.701% compounded quarterly. How much money is in the account after 12 years? The amount in the account is (Note: Your answer should have a dollar sign and be accurate to two decimal places) Hint:...
HW18: Problem 9 Previous Problem Problem List Next Problem (4 points) What are the effective annual rates for an account paying an annual interest rate of 10% which is compounded: (a) annually? (b) quarterly? (c) daily (assuming there are 365 days in the year)? (d) continuously? E % Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 11/21/2019 at 06:19pm...
HW18: Problem 10 Previous Problem Problem List Next Problem (4 points) Find the effective rate of interest for a) 11% compounded monthly Answer b) 6% compounded semiannually Answer Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining Page generated at 11/21/2019 at 06:19pm EST WeBWorK 1996-2018| theme: math4 ww_version: WeBWorK-2.14 | pg_version PG-2.14| The WeBWorK Project
HW18: Problem 5 Previous Problem Problem List Next Problem (4 points) Suppose you invest $16,930.00 into an account earning an interest rate of 2.816% compounded continuously for 2 year(s) and thereafter earning an interest rate of 4.114% compounded yearly. How much money is in the account after 8 years? The amount in the account is (Note: Your answer should have a dollar sign and be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem...
HW18: Problem 8 Previous Problem Problem List Next Problem (4 points) If you make a deposit into a bank account, at what interest rate (compounded monthly) should you invest if you would like to double your investment in 38 months? (Note: Your answer should be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 11/21/2019 at 06:19pm EST WebWork © 1996-2018| theme: math4 |...
HW18: Problem 6 Previous Problem Problem List Next Problem (4 points) If you invest $640.10 in an account earning an annual interest rate of 4.122% compounded daily, how much will be in your account after 4 years? After 12 years? After 4 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) After 12 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) Note: You can earn...
HW18: Problem 3 Previous Problem Problem List Next Problem (4 points) A mutual fund pays 6% compounded monthly. How much should I invest now so that 6 years from now I will have $3700 in the account? Amount = $ 20910.3 Preview My Answers Submit Answers You have attempted this problem 4 times. Your overall recorded score is 0%. You have unlimited attempts remaining.
> webwork / ma162-su20 golenbiewski / hw18 / 7 HW18: Problem 7 Previous Problem Problem List Next Problem (1 point) John wants to buy a new sports car, and he estimates that he'll need to make a $3,225.00 down payment towards his purchase. If he has 23 months to save up for the new car, how much should he deposit into his account if the account earns 5.53% compounded continuously so that he may reach his goal? John needs to...
HW18: Problem 2 Previous Problem Problem List Next Problem (4 points) Find the principal needed to get $700 in 6 years at 4% compounded monthly. Principal = $ 11 Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
A0-Demo only: Problem 7 Previous Problem List Next (1 point) At what interest rate (compounded weekly) should you invest if you would like to grow $3,736.88 to $4,209.00 in 68 weeks? (Note: Your answer should be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 1 time. Your overall recorded score is 0% You have unlimited attempts remaining Email instructor Psge generated at 01/15/2019 at 09.38pm EST WeB Worko 1996-2015 l theme, trath시 ww-verson:...
> webwork / ma162-su20 golenbiewski / hw18 / 5 HW18: Problem 5 Previous Problem Problem List Next Problem (1 point) Suppose you invest $16,275.00 into an account earning an interest rate of 2.936% compounded continuously for 1 year(s) and thereafter earning an interest rate of 3.701% compounded quarterly. How much money is in the account after 12 years? The amount in the account is (Note: Your answer should have a dollar sign and be accurate to two decimal places) Hint:...
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