Find the future value and interest earned if $8806.54 is invested for 9 years at 6%...
ats Find the future value and interest earned if $8904.56 is invested for 9 years at 5% compounded (a) semiannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed) The interest earned is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $ (Type an integer...
An investment pays 5% interest compounded continuously. If money is invested steadily at the rate of $14,000, how much time is required until the value of the investment reaches $140,000? The amount of time required is approximately years. (Type an integer or decimal rounded to the nearest hundredth as needed.)
For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the interest earned, and (c) the time to reach $17,000. $5300 at 3.6% a. The future value after 5 years is approximately $. (Do not round until the final answer. Then round to the nearest cent as needed.) b. The interest earned is. (Do not round until the final answer. Then round to the nearest cent as needed.) c. The...
can someone help me solve tnese 4 13.2.61-T Use a numerical integration command on a graphing caloulator Find the future value at 7.75% interest compounded continuously for 10 years of the continuous income stream with he rate of flow fur ction f t- Thefuture value ofthe income strearm at 7.75% compounded continuously at the end of 10 years is 50 t + 1 1,000 Round to the nearest dollar as needed.) 13.2.27-BE EQuestion Help A manufacturer guarantoos a product for...
Use the model A Peor A-P1+ where is the future value of dollars invested at interest rater compounded continuously or times per year for years. If $14,000 is invested in an account earning 7.5% interest compounded continuously, determine how long it will take the money to double. Round up to the nearest year. It will take approximately 9.3 years.
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years. The interest rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) Find the face value of the zero-coupon bond. 17-year bond at 5.4%; price $6000 The face value will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Find the face value of the zero-coupon bond. 20-year...
The future value at 5.5% Interest, compounded continuously for 7 years of the continuous income stream with rate of flow f(t) = 2.250 -0.021 is $18,008. Compute the interest earned Type an integer or a decimal)
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...
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 5 years? b. How much more wil the better plan earn? C. What is the effective rate in each case? interest below O compounded continuously O compounded quarterly b. The difference is $ d. If Ms. O'Brien chooses the...
Find the future value and compound interest on $4,000 at 8% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or the future value and compound interest formula Future Value or Compound Amount of $1.00 Future value = $ (Round to the nearest cont as needed.) Compound interest = $ (Round to the nearest cent as needed)