Find the balance, A, in the account when $7,500 is invested at an annual interest rate...
8. $1000 is invested in a saving account with an annual interest rate 4%. Find the balance of the account after 15 years in the following situations (round each answer to its nearest 100th): (i) The interest is compounded annually. (ii) The interest is compounded monthly. (iii) The interest is compounded continuously.
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
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
Find the balance if $17,500 is invested at an annual interest rate of 3.25% , compounded annually, for 7 years? 15 years?
Find the compound interest if RM1000 is invested for five years at an annual interest rate of 7%compounded :a) quarterlyb) monthlyc) weekly
Mark Welsch deposits $7,500 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,500 plus earned interest must remain in the account 2 years before it can be withdrawn. How much money will be in the account at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Table Factor...
10. $27,000 is invested in an account that pays 6% annual interest compounded quarterly. a. What will be the value of the account after 6 years? b. Find the year when the account will be worth $68,000?
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:
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...