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8. $1000 is invested in a saving account with an annual interest rate 4%. Find the...
Find the value of $1000 invested in an account (2.5, 3.1, 3.2)
8) Find the value of $1000 invested in an account (2.5, 3.1, 3.2) a. Bearing 3 % simple interest after 5 years. b. Bearing 3 % interest compounded monthly after 5 years. c.Bearing 3 % interest compounded continuously after 5 years.
If $200 is invested at 3% interest rate, find the amount in the account after 5...
If $200 is invested at 3% interest rate, find the amount in the account after 5 years given the interest is compounded: Annually: Quarterly: Hourly: Continuously:
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,Find the amount in the bank after 13 years if interest is compounded annually:Find the amount in the bank after 13 years if interest is compounded quarterly:Find the amount in the bank after 13 years if interest is compounded monthly:Finally, find the amount in the bank after 13 years if interest is compounded continuously:
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded a...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find the amount in the bank after 12 years if interest is compounded monthly Finally, find the amount in the bank after 12 years if interest is compounded continuously
Suppose that money is deposited daily into a savings account at an annual rate of $1000....
Suppose that money is deposited daily into a savings account at an annual rate of $1000. If the account pays 4% interest compounded continuously, estimate the balance in the account at the end of 3 years. The approximate balance in the account is $ (Round to the nearest dollar as needed.)
Find the balance if $17,500 is invested at an annual interest rate of 3.25% , compounded...
Find the balance if $17,500 is invested at an annual interest rate of 3.25% , compounded annually, for 7 years? 15 years?
o continuously for 7 years, the account balance is 3. Find the account balance for the...
o continuously for 7 years, the account balance is 3. Find the account balance for the following when 5650 is invested with an anna interest rate of 0.4% when the interest is compounded a) monthly for 45 years, the account balance is b) seriamaly for 56 months, the account balance is c) quartery for 225 years, the account balance is continuously for 3 years, the account balance is 4. Find the doubling time found to the nearest hundredth when $2.500...
Find the time it takes for $5,300 to double when invested at an annual interest rate...
Find the time it takes for $5,300 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview Find the time it takes for $530,000 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview
1. What is the future value in 7.4 years of $8651 invested in an account with...
1. What is the future value in 7.4 years of $8651 invested in an account with a stated annual interest rate of 10%, compounded annually? 2. What is the future value in 14 years of $818 invested in an account with a stated annual interest rate of 4.3%, compounded semi-annually? 3. What is the future value in 5 years of $7922 invested in an account with a stated annual interest rate of 5.8%, compounded monthly 4. What is the future...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
Suppose that money is deposited daily into a savings account at an annual rate of $1000. If the account pays 4% interest compounded continuously, estimate the balance in the account at the end of 3 years. The approximate balance in the account is $ (Round to the nearest dollar as needed.)
o continuously for 7 years, the account balance is 3. Find the account balance for the following when 5650 is invested with an anna interest rate of 0.4% when the interest is compounded a) monthly for 45 years, the account balance is b) seriamaly for 56 months, the account balance is c) quartery for 225 years, the account balance is continuously for 3 years, the account balance is 4. Find the doubling time found to the nearest hundredth when $2.500...
Find the time it takes for $5,300 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview Find the time it takes for $530,000 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview
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