Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create new table
factors. (Round new table factors to five decimal places, round
dollars to the nearest cent and percents to the nearest hundredth
of a percent)
a.Refer to Narrative 11-1. Calculate the compound
interest on an investment of $45,000 at 6% interest, compounded
quarterly, for 3 years.
b.Refer to Narrative 11-1. You wish to have $17,000 in 11 years. Find how much you should invest now at 12% interest, compounded quarterly in order to have $17,000, 11 years from now. Then calculate the amount of interest.
Homework Answers
a) In the question, it is not given that 6% is for per annum therefore I am assuming it to be for a quarter only.
Now the formula for Compound Interest(C.I.) - Present Value* [(100+ Interest%)/100]Power=The no. of times interest is compounded- Present Value
or
C.I.= Present Value*Future value Annuity Factor-Present Value
So, C.I. = 45000*Future value annuity factor of 12 quarters at 6% rate of interest
= 45000*2.01220-45000
Answer = $90549-45000= $45,549
b) Now, the formula for Present value = Future value* 1/Compounded value annuity factor of 44 quarters at 12% rate of interest
= 17000*1/146.41750
= $116.10
Add Answer to:
Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create...
Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create...
Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create new table
factors. (Round new table factors to five decimal places, round
dollars to the nearest cent and percents to the nearest hundredth
of a percent)
a.Refer to Narrative 11-1. Omar invests $3,000 at 12%
interest, compounded semiannually for 2 years. Calculate the
effective interest rate for his investment. (Round to nearest
hundredth percent)
b.Solve the following problems using either Tables
11-1 or 11-2...
Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create...
Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create new table
factors. (Round new table factors to five decimal places, round
dollars to the nearest cent and percents to the
nearest hundredth of a percent)
Refer to Narrative 11-1. George invests $12,500, at
12% interest, semiannually for 12 years. Calculate the compound
amount for his investment.
Table 11-1: Compound Interest Table (Future Value of $1 at Compound Interest) (1 of 2) CENGAGE Table...
Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create...
Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create new table
factors. (Round new table factors to five decimal places, round
dollars to the nearest cent and percents to the nearest hundredth
of a percent)
Refer to Narrative 11-1. Simon invests $19,500, at 9%
interest, compounded annually for 11 years. Calculate the compound
amount for his investment.
Group of answer choices
$41,578.53
$59,622.88
$40,793.88
$50,318.39
9:19 2.ma 31% Table 11-1: Compound Interest Table...
Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When...
Narrative 11-1
Solve the following problems using either Tables 11-1 or 11-2
from your text. When necessary, create new table factors. (Round
new table factors to five decimal places, round dollars to the
nearest cent and percents to the nearest hundredth of a
percent)
Refer to Narrative 11-1. Calculate the compound
interest on an investment of $18,000 at 8%, interest compounded
quarterly, for 15 months.
Group of answer choices
$1,873.44
$18,788.21
$883.54
$8,725.35
Table 11-1: Compound Interest Table (Future Value...
Short Answer 1. List two types of immune responses and describe the 2. Describe the handling...
Short Answer 1. List two types of immune responses and describe the 2. Describe the handling of infectious waste. 3. What are the five stages of infectious disease? Describe each. 2018 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in BODY'S DEFEN FIGHTING INES The Books bulatory of cntial that health in their power was to protect ammatis ing who mafory Re in more 4. What...
Please show me how to do this calculation. show the work TCO Model Example Year 1 Year 3 Year 2 Present Со $ $ 1,200,...
Please show me how to do this calculation. show the
work
TCO Model Example Year 1 Year 3 Year 2 Present Со $ $ 1,200,000 450,000 war war $ 42,500 150 480 $ 480 480 -ci Cost Elements Purchase Price: Hardware Software licenses A, B, and C Acquisition Costs: Sourcing Administration Usage Costs: Opportunity cost - productivity Installation Equipment support Network support Warranty End-of-Life Costs: Salvage value $ 450,000 450,000 $ 450,000 700,000 $ $ 1,440,000 1,200,000 $ 1,440,000 $...
0.705 mole CH 2 (pentane) 5 56.7053.53 mol In solving problems involving chemical formulas, the number...
0.705 mole CH 2 (pentane) 5 56.7053.53 mol In solving problems involving chemical formulas, the number of grams of one substance cannot be compared directly to the number of grams of another substance; however, moles can be related to moles quite easily by looking at subscripts in chemical formulas. Use the map in Fig. 6.9 df your textbook to set up conversion factors, and use dimensional analysis to solve the problems below: a. How many moles of KCl would be...
Case Studies CA SE STUDY 1 Sean is a student surgical technologist scheduled to scrub for a laparoscopic assiste...
Case Studies CA SE STUDY 1 Sean is a student surgical technologist scheduled to scrub for a laparoscopic assisted vaginal hysterectomy (LAVH). The surgical handed by the circulator, his left glove touches the outside of the packet. case starts as 7:30 a.m. and it is now 7:10 a.m. As he reaches for a supply item being 1. Does Sean have a problem? If so, what is it? (Continues publicly accessible website, in whole or in part. 0 2018 Cengage Learning....
Matching Match each term in column I to its description in column II. Column 1 Column...
Matching Match each term in column I to its description in column II. Column 1 Column II 1. Cryptorchidism A. Sexual drive 2. Intravenous pyelogram B. Urine held in the bladder; inability to empty the bladder 3. Orchiectomy C. Swelling and/or inflammation of the glans penis Hypogonadism D. Undescended testicle 5. Retention E. X-ray study of the kidneys, ureter, and bladder using a contrast medium 6. Transurethral resection F. A prolonged erection lasting more than 4 hours that may occur...
ATTRIBUTES OF PROFESSIONALISM Wow do you think you will feel when assisting with a genitourinary examination...
ATTRIBUTES OF PROFESSIONALISM Wow do you think you will feel when assisting with a genitourinary examination or procedure on a male patient? u think it will be easier if the patient is much younger or much older than you are? Do you think older edical assistants feel more comfortable assisting with these types of examinations, regardless of their profes. cional experience? Do you think you will become more comfortable with time? Do you think your male patient is also uncomfortable?...
Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create new table
factors. (Round new table factors to five decimal places, round
dollars to the nearest cent and percents to the nearest hundredth
of a percent)
a.Refer to Narrative 11-1. Omar invests $3,000 at 12%
interest, compounded semiannually for 2 years. Calculate the
effective interest rate for his investment. (Round to nearest
hundredth percent)
b.Solve the following problems using either Tables
11-1 or 11-2...
Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create new table
factors. (Round new table factors to five decimal places, round
dollars to the nearest cent and percents to the
nearest hundredth of a percent)
Refer to Narrative 11-1. George invests $12,500, at
12% interest, semiannually for 12 years. Calculate the compound
amount for his investment.
Table 11-1: Compound Interest Table (Future Value of $1 at Compound Interest) (1 of 2) CENGAGE Table...
Solve the following problems using either Tables
11-1 or 11-2 from your text. When necessary, create new table
factors. (Round new table factors to five decimal places, round
dollars to the nearest cent and percents to the nearest hundredth
of a percent)
Refer to Narrative 11-1. Simon invests $19,500, at 9%
interest, compounded annually for 11 years. Calculate the compound
amount for his investment.
Group of answer choices
$41,578.53
$59,622.88
$40,793.88
$50,318.39
9:19 2.ma 31% Table 11-1: Compound Interest Table...
Narrative 11-1
Solve the following problems using either Tables 11-1 or 11-2
from your text. When necessary, create new table factors. (Round
new table factors to five decimal places, round dollars to the
nearest cent and percents to the nearest hundredth of a
percent)
Refer to Narrative 11-1. Calculate the compound
interest on an investment of $18,000 at 8%, interest compounded
quarterly, for 15 months.
Group of answer choices
$1,873.44
$18,788.21
$883.54
$8,725.35
Table 11-1: Compound Interest Table (Future Value...
Short Answer 1. List two types of immune responses and describe the 2. Describe the handling of infectious waste. 3. What are the five stages of infectious disease? Describe each. 2018 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in BODY'S DEFEN FIGHTING INES The Books bulatory of cntial that health in their power was to protect ammatis ing who mafory Re in more 4. What...
Please show me how to do this calculation. show the
work
TCO Model Example Year 1 Year 3 Year 2 Present Со $ $ 1,200,000 450,000 war war $ 42,500 150 480 $ 480 480 -ci Cost Elements Purchase Price: Hardware Software licenses A, B, and C Acquisition Costs: Sourcing Administration Usage Costs: Opportunity cost - productivity Installation Equipment support Network support Warranty End-of-Life Costs: Salvage value $ 450,000 450,000 $ 450,000 700,000 $ $ 1,440,000 1,200,000 $ 1,440,000 $...
0.705 mole CH 2 (pentane) 5 56.7053.53 mol In solving problems involving chemical formulas, the number of grams of one substance cannot be compared directly to the number of grams of another substance; however, moles can be related to moles quite easily by looking at subscripts in chemical formulas. Use the map in Fig. 6.9 df your textbook to set up conversion factors, and use dimensional analysis to solve the problems below: a. How many moles of KCl would be...
Case Studies CA SE STUDY 1 Sean is a student surgical technologist scheduled to scrub for a laparoscopic assisted vaginal hysterectomy (LAVH). The surgical handed by the circulator, his left glove touches the outside of the packet. case starts as 7:30 a.m. and it is now 7:10 a.m. As he reaches for a supply item being 1. Does Sean have a problem? If so, what is it? (Continues publicly accessible website, in whole or in part. 0 2018 Cengage Learning....
Matching Match each term in column I to its description in column II. Column 1 Column II 1. Cryptorchidism A. Sexual drive 2. Intravenous pyelogram B. Urine held in the bladder; inability to empty the bladder 3. Orchiectomy C. Swelling and/or inflammation of the glans penis Hypogonadism D. Undescended testicle 5. Retention E. X-ray study of the kidneys, ureter, and bladder using a contrast medium 6. Transurethral resection F. A prolonged erection lasting more than 4 hours that may occur...
ATTRIBUTES OF PROFESSIONALISM Wow do you think you will feel when assisting with a genitourinary examination or procedure on a male patient? u think it will be easier if the patient is much younger or much older than you are? Do you think older edical assistants feel more comfortable assisting with these types of examinations, regardless of their profes. cional experience? Do you think you will become more comfortable with time? Do you think your male patient is also uncomfortable?...
Most questions answered within 3 hours.
-
1. The Janjua Company had the following account balances at
1/1/16: Common Stock $50,000 Treasury Stock...
asked 28 seconds from now -
The opportunity cost of attending university is likely to
include all except which of the following?...
asked 1 minute ago -
A solution with maximum solute that can dissolve and remain
stable is
saturated
unsaturated
miscible
supersaturated
asked 4 minutes ago -
Describe how you would make 100ml of a 10mmol glucose
standard
asked 4 minutes ago -
Zahn Corp.'s comparative balance sheet at December 31, 20x5 and
20x4, reported accumulated depreciation balances of...
asked 4 minutes ago -
How many milliliters of 5.6 M NaOH are needed to neutralize 3.9
mL of a 6.6...
asked 16 minutes ago -
Will dislike
if you don't code efficiently, you must have knowledge of
next.js,vue.js,immutable.js,react,js.
Develop an api...
asked 22 minutes ago -
When financial statements are converted to percentages, they are
referred to as:
A. Percent of change...
asked 23 minutes ago -
16) Which of the following is not a way to reduce the
government's budget
deficit
A)...
asked 49 minutes ago -
At some time, a charged particle with q = −1.24×10−8C is moving
with instantaneous velocity v...
asked 57 minutes ago -
4. Determine the theoretical yield of P2O5, when 3.07 g of P
reacts with 6.09 g...
asked 2 hours ago -
Explain the PEST analysis and how a marketer would use this when
putting together a marketing...
asked 2 hours ago