2) Solve each problem. a. Find the amount accumulated if $10,000 is invested for 5 years...
What amount will be accumulated in four years if $10,000 is invested today at six percent interest compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. You are scheduled to be paid $10,000 in four years. What amount today is equivalent to the $10,000 to be received in four years assuming interest is compounded annually at six percent? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. What...
2. Find the accumulated value on maturity of the following investments: (a) $5,700 invested for 5 months at 18% simple interest. (b) $9,110 invested for seven years at a nominal interest rate of 5% compounded daily.
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
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...
find the accumulated value of an investment of 25,000 for 4 years at an interest rate of 5%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.
Find the accumulated value of an investment of $700 at 6% compounded monthly for 5 years. Round answer to the nearest cent and do not enter $ sign. (nt) Formula: A=P + Given the quadratic equation, y=ax? + bx + c Find the x-value of the vertex if a=-4, b=16 and c=5. Round answer to the nearest integer. You inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and...
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
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...
Solve the given problem related to compound interest. If $4500 is invested at an annual interest rate of 6.5% for 25 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent. Assume a year is exactly 365 days.) (a) monthly (b) daily
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: