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calculate what $920 would grow to at 8.5% per year compounded
daily for 8 years
Calculate...
Calculate what $760 would grow to at 6% per year compounded daily for 10 years. (Use...
Calculate what $760 would grow to at 6% per year compounded daily for 10 years. (Use Table 12.2.) (Round your answer to the nearest cent.) Amount $
Calculate what $730 would grow to at 6% per year compounded daily for 7 years. (Use...
Calculate what $730 would grow to at 6% per year compounded daily for 7 years. (Use Table 122) (Round your answer to the nearest cent.) Amount
17. A business worth $180,000 is expected to grow at 12% per year compounded annually for...
17. A business worth $180,000 is expected to grow at 12% per year compounded annually for the next 4 years. (a) Find the expected future value. (b) If funds from the sale of the business today would be placed in an account yielding 8% compounded semiannually, what would be the minimum acceptable price for the business at this time? 18. A corporation worth $40 million is expected to grow at 8% per year compounded annually for 5 years. (a) Find...
A man invests $15,000 in an account that pays 8.5% interest per year, compounded quarterly. Find...
A man invests $15,000 in an account that pays 8.5% interest per year, compounded quarterly. Find the amount after 6 years. Give the answer tl the nearest cent. $________
1.What is the future value of $510 per year for 8 years compounded annually at 11...
1.What is the future value of $510 per year for 8 years compounded annually at 11 percent? The future value of $510 per year for 8 years compounded annually at 11 percent is $_ (Round to the nearest cent.) 2. What is the present value of $2,500 per year for 10 years discounted back to the present at 11 percent? The present value of $2,500 per year for 10 years discounted back to the present at 11 percent is $_...
Find the amount to which $800 will grow under each of these conditions: 4% compounded annually...
Find the amount to which $800 will grow under each of these conditions: 4% compounded annually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 4% compounded semiannually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 4% compounded quarterly for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 4% compounded monthly for 5 years. Do not round intermediate...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
What amount invested today would grow to $10,100 after 20 years, if the investment earns: (Do...
What amount invested today would grow to $10,100 after 20 years, if the investment earns: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Amount $ a. 4% compounded annually b. 4% compounded semiannually c. 4% compounded quarterly d. 4% compounded monthly
Suppose that $17,000 is invested in a savings account paying 6.2% interest per year. (a) Write...
Suppose that $17,000 is invested in a savings account paying 6.2% interest per year. (a) Write the formula for the amount A in the account after years of interest is compounded monthly Att) - (b) Find the amount in the account after 5 years ir interest is compounded daily (Round your answer to two decimal places) (c) How long will it take for the amount in the account to grow to $20,000 ir interest is compounded continuously? (Round your answer...
a. For an interest rate of 100% per year compounded continuously, calculate the effective daily, weekly,...
a. For an interest rate of 100% per year compounded continuously, calculate the effective daily, weekly, monthly, quarterly, semiannually, and annually interest rates. b. An investor requires an effective return of at least 12% per year. What is the minimum annual nominal rate that is acceptable for continuous compounding?
Calculate what $730 would grow to at 6% per year compounded daily for 7 years. (Use Table 122) (Round your answer to the nearest cent.) Amount
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
What amount invested today would grow to $10,100 after 20 years, if the investment earns: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Amount $ a. 4% compounded annually b. 4% compounded semiannually c. 4% compounded quarterly d. 4% compounded monthly
Suppose that $17,000 is invested in a savings account paying 6.2% interest per year. (a) Write the formula for the amount A in the account after years of interest is compounded monthly Att) - (b) Find the amount in the account after 5 years ir interest is compounded daily (Round your answer to two decimal places) (c) How long will it take for the amount in the account to grow to $20,000 ir interest is compounded continuously? (Round your answer...
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