If Rita receives $49.54 interest for a deposit earning 4% simple interest for 70 days, what...
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tuter 5. (-/0.1 Points) DETAILS TANAPMATH5 4.3.018. MY NOTES PRACTICE ANOTHER Suppose payments will be made for 4 years at the end of each month...
Find the accumulated amount A if the principal Pis invested at the interest rate of r/year for tyr. (Use a 365-day year. Round your answer to the nearest cent.) P = $230,000,- 7%, t = 5, compounded daily A=$ X Need Help? Read it Talk to a Tutor Submit Answer DETAILS [0/0.1 Points] PREVIOUS ANSWERS TANAPMATHS 4.1.021. PRACTICE ANG MY NOTES Find the effective rate corresponding to the given nominal rate. (Round your answer to two decimal places.) 12%/year compounded...
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read Talk to a Tutor MY NOTES PRACTICE ANOTHER 5. (-/0.1 Points] DETAILS TANAPMATHS 4.2.014. Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly Need Help? Read Talk te Tutor MY NOTES PRACTICE ANOTHER 6. [-70.1 Points) DETAILS TANAPMATHS...
Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time. HINT (See Quick Examples 1 and 2.] 7.5% per year, compounded daily (assume 365 days/year), after 12 years FV = $ Need Help? Read It Watch It Talk to a Tutor . +-/1 points WaneFM7 2.2.012. Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after...
An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ Need Help? Read Watch It Talk to a Tutor
Determine the simple interest rate at which $2400 will grow to $2585 in 10 months. (Round your answer to two decimal places.) 45.75 | * %/year Need Help? Read it Talk to a Tutor
0/0 POINTS || PREVIOUS ANSWERS WANEFMAC7 14.4.001. Calculate the consumers' surplus at the indicated unit price for the demand equation. HINT (See Example 1.] (Round your answer to the nearest cent.) p = 12 - 29; p = 6 Need Help? Read It Talk to a Tutor Submit Answer Practice Another Version | -70 POINTS WANEFMAC7 14.4.007. Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT (See Example 1.] (Round your answer to the...
17. [O/1 Points] DETAILS PREVIOUS ANSWERS An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ 10709.92 Need Help? Read Watch Talk te Tutor
MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read it Tuto a Tutor 5. [0/0.1 Points] DETAILS PREVIOUS ANSWERS TANAPMATHS 4.2.014 MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly $ 222.86 X Need Help? Read Tu te Tutor...
1. -15 points Find the requested value and tell what the other numbers represent. Find P: 11716 = P + P(0.04X4) Need Help? Read It Watch It Talk to a Tutor 2. -12 points $14,000 is invested for 4 years at an annual simple interest rate of 12%. (a) How much interest will be earned? (b) What is the future value of the investment at the end of the 4 years? Need Help? Read It Watch It Talk to a...