Question 24 (4 points) Gordon invested $93,000 into a CD compounded quarterly with an annual interest...
1. Gordon invested $46,000 into a CD compounded quarterly with an annual interest rate at 2.90% Determine how much money Gordon will have after 5 years. Round your answer to the nearest cent. 2.Polonium-210 is a radioactive substance with a half-life of 138 days. If a nuclear facility is handling 285 grams of polonium-210, then how many grams of polonium-210 will be left in 350 days?
Gordon Gekko wants to invest 50 thousand dollars into a 10-year CD compounded semiannually with an annual interest rate of 3%. If Gordon leaves the money in the CD for all 10 years, how much money will he have when the CD matures? Round your answer to the nearest cent.
11 $90,000 invested in an annuity that compounded quarterly, what payments will it provide at the end of each quarter for the next 2. years? (Round your answer to the nearest cent 3160390 X Need Help? Suppose an annuity will pay $14,000 at the beginning of each year for the next years. How much money is needed to start this annuity in keams 7,7%, compounded annually (Round your answer to the nearest cont.) $ Need Help? To The
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
3. Two years ago, you invested $5,000 in a four-year certificate of deposit (CD). The annual (stated) rate is 4% on the CD and it is compounded quarterly. Rates have increased and you are considering reinvesting in another certificate of deposit. However, if you withdraw the money from the original CD, you suffer a 10% penalty on the entire balance (interest and principal): a. If you make the withdrawal today, how much would you have remaining? (8 Points)
If $84,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1/2years? (Round your answer to the nearest cent.)
If money can be invested at 5.8% compounded quarterly, which is larger, $14,021 now or $25,000 in 10 years? Use present value to decide. The present value of $ in 10 years is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
How much money must be invested at 4% interest compounded quarterly to yield $50,000 after 10 years?
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
John invested $4000 into a savings account that pays 1.75% interest compounded quarterly. (15 points) Write an exponential function that models the value of John’s account after t years have passed. (10 points) How much money will John have in the account after 54 months? Round to 2 decimal places and include units in your answer. The half-life of cobalt-56 is 77.27 days. (15 points) If a sample contains 10 grams of cobalt-56, write an exponential function that models the...