Use the compound interest formulas A=P(1+r/n)nt and A=Pert to solve the problem given.
Use the compound interest formulas A=P(1+r/n)nt and A=Pert to solve the problem given. Round answers to the nearest cent.
Find the accumulated value of an investment of $15,000 for 5 years at an interest rate of 7 %if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously.
a. What is the accumulated value if the money is compounded semiannually?
b.What is the accumulated value if the money is compounded quarterly?
c. What is the accumulated value if the money is compounded monthly?
d. What is the accumulated value if the money is compounded continuously?
Homework Answers
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Use the compound interest formulas A=P(1+r/n)nt and A=Pert to solve the problem given.
please answer correctly nt Use the compound interest formulas A=P and A=Pento solve the problem given....
please answer correctly
nt Use the compound interest formulas A=P and A=Pento solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% if the money is a compounded semiannually; b.compounded quarterly. c. compounded monthly, d. compounded continuously. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent. Do not include the $ symbol...
Use the compound interest formulas A = and A=Pe" to solve the problem given. Round answers...
Use the compound interest formulas A = and A=Pe" to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 7% if the money is a compounded semiannually, b. compounded monthly compounded continuously a. What is the accumulated value if the money is compounded semiannually? $ (Round your answer to the nearest cent) b. What is the accumulated value if the money is...
rt Use the compound interest formulas, A = P 1 + and A = Pe", to...
rt Use the compound interest formulas, A = P 1 + and A = Pe", to solve the following problem. Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 4.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously. a. What is the accumulated value, if the money is compounded semiannually? $1 (Round your answer to the nearest cent.)
Use the compound interest formulas A = P1+- and A = Pert to solve. 69) Find...
Use the compound interest formulas A = P1+- and A = Pert to solve. 69) Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years. 70) Find the accumulated value of an investment of $ 5000 at 8% compounded continuously for 3,1 3 years.
Use the compounds formas A and A-P. solve the problem ven. Round answers to the newest...
Use the compounds formas A and A-P. solve the problem ven. Round answers to the newest cont Find e comuted value of an investment of $25.000 for 5 years at an interest rate of the money is a compounded semiannually, b.compounded quarterly.c.compounded monthly. d. compounded continuously a. What is the accumulated value the money is compounded annually! (Round your answer to the nearest cent. Do not include the symbol in your answer) b.What is accumulated value the money is compounded...
Use the compound interest formulas A-P A-P(1.:)" nt and A-Pe to solve. Find the accumulated value...
Use the compound interest formulas A-P A-P(1.:)" nt and A-Pe to solve. Find the accumulated value of an investment of $2,000 at 7% compounded continuously for 4 years O A $2.521 59 OB. $2,746 26 O C. $2,560.00 OD. $2.646 26
Note: You may need the compound interest formulas, A = P1. - pfe. :) nt or...
Note: You may need the compound interest formulas, A = P1. - pfe. :) nt or A - Pert to solve some problems. Find the accumulated value of an investment of $1,235 at 7% compounded monthly for 3 years. (Round answer to 2 decimals) $1232.00 $1522.66 $1333.25 $1435.96
P(1+:) or A = Pert to find accumu- 21. Use the compound interest formulas A lated...
P(1+:) or A = Pert to find accumu- 21. Use the compound interest formulas A lated value of an investment of $12,000 for 5 years at an annual interest rate of 3% compounded monthly. Substitute the numbers, do not evaluate. %3D
Solve the problem. Round to the nearest cent. P-A A = Pert nt 40) Brad wants...
Solve the problem. Round to the nearest cent. P-A A = Pert nt 40) Brad wants to have $17,000 available to buy a car in 5 years. How much must he deposit now at 5.5% compounded monthly to reach that goal? A) $12,395.17 B) $22,905.95 C) $22,366.96 D) $12,920.84
Hw21 4.1: Problem 7 Previous Problem List Next (1 point) Get hele entering answer See a...
Hw21 4.1: Problem 7 Previous Problem List Next (1 point) Get hele entering answer See a similar example (PDF) andA-Pe to solve the exercises below. Use the compound interest formulas A Round your answer to the nearest cent and make sure to include the dollar sign Find the accumulated value of an investment of $11070 for 7 years at an annual interest rate of 5.5% if the money is compounded seminannually: compounded monthly: compounded quarterly compounded continuously: Note: You can...
please answer correctly
nt Use the compound interest formulas A=P and A=Pento solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% if the money is a compounded semiannually; b.compounded quarterly. c. compounded monthly, d. compounded continuously. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent. Do not include the $ symbol...
Use the compound interest formulas A = and A=Pe" to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 7% if the money is a compounded semiannually, b. compounded monthly compounded continuously a. What is the accumulated value if the money is compounded semiannually? $ (Round your answer to the nearest cent) b. What is the accumulated value if the money is...
rt Use the compound interest formulas, A = P 1 + and A = Pe", to solve the following problem. Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 4.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously. a. What is the accumulated value, if the money is compounded semiannually? $1 (Round your answer to the nearest cent.)
Use the compound interest formulas A = P1+- and A = Pert to solve. 69) Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years. 70) Find the accumulated value of an investment of $ 5000 at 8% compounded continuously for 3,1 3 years.
Use the compounds formas A and A-P. solve the problem ven. Round answers to the newest cont Find e comuted value of an investment of $25.000 for 5 years at an interest rate of the money is a compounded semiannually, b.compounded quarterly.c.compounded monthly. d. compounded continuously a. What is the accumulated value the money is compounded annually! (Round your answer to the nearest cent. Do not include the symbol in your answer) b.What is accumulated value the money is compounded...
Use the compound interest formulas A-P A-P(1.:)" nt and A-Pe to solve. Find the accumulated value of an investment of $2,000 at 7% compounded continuously for 4 years O A $2.521 59 OB. $2,746 26 O C. $2,560.00 OD. $2.646 26
Note: You may need the compound interest formulas, A = P1. - pfe. :) nt or A - Pert to solve some problems. Find the accumulated value of an investment of $1,235 at 7% compounded monthly for 3 years. (Round answer to 2 decimals) $1232.00 $1522.66 $1333.25 $1435.96
P(1+:) or A = Pert to find accumu- 21. Use the compound interest formulas A lated value of an investment of $12,000 for 5 years at an annual interest rate of 3% compounded monthly. Substitute the numbers, do not evaluate. %3D
Solve the problem. Round to the nearest cent. P-A A = Pert nt 40) Brad wants to have $17,000 available to buy a car in 5 years. How much must he deposit now at 5.5% compounded monthly to reach that goal? A) $12,395.17 B) $22,905.95 C) $22,366.96 D) $12,920.84
Hw21 4.1: Problem 7 Previous Problem List Next (1 point) Get hele entering answer See a similar example (PDF) andA-Pe to solve the exercises below. Use the compound interest formulas A Round your answer to the nearest cent and make sure to include the dollar sign Find the accumulated value of an investment of $11070 for 7 years at an annual interest rate of 5.5% if the money is compounded seminannually: compounded monthly: compounded quarterly compounded continuously: Note: You can...
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