Homework Answers
Simple Interest = Principal * Interest % * Number of years.
Simple Interest = 2500 * 4.25% * 10
Simple Interest = $1062.50
Total amount = Principal + Interest
Total amount: 2500 + 1062.50 = $3562.50
Add Answer to:
If the rate of simple interest is 4.25% per year, find the accumulated value of $2,500...
2] Assume instead an annuity of $2,500 (which means you will invest $2,500 per year which...
2] Assume instead an annuity of $2,500 (which means you will invest $2,500 per year which will also be compounded at 5% interest annually. Determine how much you will have accumulated in the account at the end of (future value): (Note this problem is for an annuity - and this variable is the "payment".) a) 5 years b) 10 years
At a simple interest rate of 10% per year, determine how long will it take $10,000...
At a simple interest rate of 10% per year, determine how long will it take $10,000 to increase to 4 times as much. Compare the time it will take to double if the rate is 20% per year simple interest. At an interest rate of 10%, it will take_____ years for the amount to increase 4 times as much.It will take______ years for the amount to double at an interest rate of 20%.
5.You own a plant producing oil. On 2017 the plant produced a quantity of 2,500 barrels...
5.You own a plant producing oil. On 2017 the plant produced a quantity of 2,500 barrels of oil. The market price of a barrel of oil at 1.1.2018 is $50. Assume the plant's oil production is perpetual (lasts forever), all cash flows are received at the end of the year and the annual interest rate is 8%. Calculate the plant's economic value at 1.1.2018 under the following scenarios. (The plant's value is equal to the present value of all the...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
It is given that Fund A earns simple interest at the rate of 5% per year...
It is given that Fund A earns simple interest at the rate of 5% per year whereas Fund B earns an annual effective rate of interest of 4%. At what time (measured from the date of deposit) do the two funds have the same accumulated value? Use the Newton Raphson iteration method with an initial guess t = 20.
1] Assume you have $2,500 to invest today at 5% interest compounded annually Determine how much...
1] Assume you have $2,500 to invest today at 5% interest compounded annually Determine how much you will have accumulated in the account at the end of: a) 5 years b) 10 years 2] Assume instead an annuity of $2,500 (which means you will invest $2,500 per year) which will also be compounded at 5% interest annually. Determine how much you will have accumulated in the account at the end of (future value): (Note this problem is for an annuity...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded a...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
Find the interest rate on a loan charging $765 simple interest on a principal of $3750...
Find the interest rate on a loan charging $765 simple interest on a principal of $3750 after 6 years. __________ Find the simple interest on the loan. $1900 at 8% for 10 years. _________ Find the term of a loan of $225 at 3.5% if the simple interest is $63. __________ Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $16,000 at 4% for 15 years if the interest is compounded in the...
1.)Suppose an account earns a 13% simple rate of interest annually. a. The future value of...
1.)Suppose an account earns a 13% simple rate of interest annually. a. The future value of an annual deposit of $21 at the end of each year for four years will be b.The future value of an annual deposit of $21 at the beginning of each year for four years will be Round your final answer to two decimal places. 2.) If the simple rate of interest is 6%, the interest earned by $1 in 5 years is:$_________ 3.) What...
Find the accumulated value of $4000 at the end of 5 years if the nominal rate...
Find the accumulated value of $4000 at the end of 5 years if the nominal rate of interest is 4% compounded quarterly for first 1.5 years, the effective (annual) rate of discount is 7% for the next 9 months, the nominal rate of discount is 6% compounded monthly for the next year, and the annual effective interest rate is 5% for the last 21 months. 1. Ir.c 1. A payment of SX three years from now along with a payment...
2] Assume instead an annuity of $2,500 (which means you will invest $2,500 per year which will also be compounded at 5% interest annually. Determine how much you will have accumulated in the account at the end of (future value): (Note this problem is for an annuity - and this variable is the "payment".) a) 5 years b) 10 years
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
1] Assume you have $2,500 to invest today at 5% interest compounded annually Determine how much you will have accumulated in the account at the end of: a) 5 years b) 10 years 2] Assume instead an annuity of $2,500 (which means you will invest $2,500 per year) which will also be compounded at 5% interest annually. Determine how much you will have accumulated in the account at the end of (future value): (Note this problem is for an annuity...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
Find the accumulated value of $4000 at the end of 5 years if the nominal rate of interest is 4% compounded quarterly for first 1.5 years, the effective (annual) rate of discount is 7% for the next 9 months, the nominal rate of discount is 6% compounded monthly for the next year, and the annual effective interest rate is 5% for the last 21 months. 1. Ir.c 1. A payment of SX three years from now along with a payment...
Most questions answered within 3 hours.
-
Suppose that Alicia has $30,000 in invested as follows: $10,000
in TJX Cos., $15,000 in Macy’s,...
asked 13 minutes ago -
Volunteer Pharmaceuticals (VP) wants to set aside money in the
R&D fund to seek supplemental drug...
asked 14 minutes ago -
What is precedent?
an order by the court.
the power of a court to overrule a...
asked 20 minutes ago -
Classify the tonicity of a solution made by dissolving 12mg of
sodium chloride in 1.0mL of...
asked 26 minutes ago -
Consider the equilibrium reaction: 2A (aq) + 3B (aq) <-->
C (aq) (in my notation <-->...
asked 27 minutes ago -
A recent poll found that 21% of a random sample of 1200 people
lost jobs due...
asked 33 minutes ago -
Indicate whether aqueous solutions of the following substances
contain ions. If so, write formulas for the...
asked 29 minutes ago -
Include at least one psychology theory, model or concept
discussed in Chapter 1, 2 or the...
asked 38 minutes ago -
Need help in drawing out a map pathway of pentose phosphate
pathway and pyruvate dehydrogenase/citric acid...
asked 46 minutes ago -
Question 1
At the end of Year 6,
South Co.'s tax department estimates that they will...
asked 48 minutes ago -
Use standard enthalpies of formation to determine
ΔHorxn for:
1. 3NO2(g) + H2O(l) → 2HNO3(aq)
+...
asked 52 minutes ago -
Abigail Adams was hired as an associate professor of economics
at Heartland University. She was the...
asked 54 minutes ago