Use the simple interest formulato dermine the missing value p $1975, 7, 4 years, i $126.40...
Score: 0 of 1 pt X 10.2.19 Use the simple interest formula to determine the missing value. p = $1775, r= ?,t = 2 years, i = $49.70 % (Do not round until the final answer. Then round to one decimal place as needed.)
7. How much interest is included in the future value of an ordinary simple annuity of $1,350 paid every six months at 6% compounded semi-annually if the term of the annuity is 2 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 8. Glenn has made contributions of $250 at the end of every three months into an RRSP for ten years. Interest for...
5. Use the formula 4 = P(1 +rt) to calculate the maturity value of the simple interest loan when P= $3400 r6.6% and2 months Answer: 6. Calculate the simple interest rate when P $3600, I= $160 and4months. Round to the nearest hundredth.
an account at an interest rate r compounded conltinuously, then the amount A (caled the future value of P) in the account t years from now wil be A P Solving the equation for P, we get PrAcft, In this formulation, Pis called the present value of the investment. (a) Find the present value of $400,000 at 6% compounded continuously for 25 years (b) Find the interest rate compounded continuously that is needed to have $40,000 be the present value...
Solve for the missing item in the following. (Do not round int Principal Interest rate 7% Time 1112 years Simple interest $ 200
Determine the value of the missing A/P factor for an interest rate of 19% and n=10 years, that is, (A/P,19%,10) and (b) find the value of the missing (F/P,4%,48) factor
Find the future value of the following ordinary simple annuity. Periodic Payment Payment Interval Term Interest Rate $675.00 8 years 7% Conversion Period semi-annually 1 2 year The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is 4.9% per annum compounded quarterly. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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...
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value using the simple interest formula. 365 day year Principal Interest Rate Time Simple Interest Amount Future Value $ 18,000 4.5% 18 months $ 21,000 5% 1.75 Years $ 18,000 7.25% 9 months $ 1,000 8% 93 days $ 585 9% 193 days $ 1,200 12% 187 days 1) Leslie Hart borrowed $15,000 to pay for her child’s education. Leslie must repay the loan...