3. Linda invests $3000 in a bond trust that pays 8% interest compounded monthly. Her friend...
Math 1314 Lab 4 3.) A midwestern city had a population of 950,000 in 2004. The population, which follows A(t) 950000e exponential model, decreased 7.63% per year. The population growth model is therefore a. If the model continues to be accurate, what will the population be in 2014? b. When will the population be 375,000? Show work. 4) Lynsey invests $3000 in a bond trust that pays 8% interest compounded semiannually. She lets her money earn interest for 20 years....
A woman invests $6200 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 3 years? (Round your answer to the nearest cent.) Enter a number. (b) How long will it take for the amount to be $8000? (Round your answer to two decimal pla yr
QUESTION 6 Melanie invests her inheritance of $50,000 at 7% annual percentage rate compounded monthly for 30 years. How much she will have after 30 years? In order to solve the problem above, which of the formula will you use? 7 (12x30) 50,000 = Po 1 + 12 Po(1 + ?) a. (12x30) P = 50,000 1 + 7 12 (12x30) 50,000 = Po 1 + 0.07 12 Po( ( 1 (12x30) == Od. Р 50,000 (1 + 0.07 12
A philanthropist deposits $125,000 into a trust fund that pays 4% interest, compounded continuously. The balance will be given to the college from which the philanthropist graduated after the money has earned interest for 25 years. How much will the college receive? OA) $336,448.50 B) $339,220.64 OC) $338,101.73 D) $339,766.61 E) $333,229.54 OF) $339,785.23 G) $250,000.00
3) Ravi invests $10,000 in an investment account that pays 4% compounded semi- annually. Ravi takes each interest payment and invests it in a savings account that pays 1% compounded monthly. a) How much money does Ravi have at the end of 10 years? b) What is the effective annual rate he earned over 10 years?
3) Ravi invests $10,000 in an investment account that pays 4% compounded semi- annually. Ravi takes each interest payment and invests it in a savings account that pays 1% compounded monthly. a) How much money does Ravi have at the end of 10 years? b) What is the effective annual rate he earned over 10 years?
4-1If Samantha invests $700 today in an account that pays 4 percent interest compounded annu- ally, how much will she have in her account four years from today? 4–2 Fifteen (15) years ago, your parents purchased an investment for $2,500. If the investment earned 6 percent interest each year, how much is it worth today? 4–3 Fiona plans to invest $500 later today. She wants to know to what amount her investment will grow in 20 years if she earns...
17. SAVINGS ACCOUNTS Linda has joined a Christmas Fund Club at her bank. At the end of every month, December through October inclusive, she will make a deposit of $40! in her fund. If the money earns interest at the rate of 2.5%/year compounded monthly, how much will she have in her account on December 1 of the following year? 21. INVESTMENT ANALYSIS Luis has $150,000 in his retirement account at his present company. Because he is assuming a position...
TOPC. X51) If an investor buys a 39-week T-bill with a maturity value of $25,000 for $23,543 what annual interest rate (annual yield) will the investor earn? (Express your answer as a percentage, correct to one decimal place.) *52) An investment company pays 7% compounded quarterly. What is the effective rate? (Compute the answer to two decimal places). 53) How much should you invest now at 6% compounded semiannually to have $8,500 to bu a car in 2.5 years? ve...
A particular savings bank pays 2% annual interest compounded continuously. How much will a deposit of $3000 amount to for each time period? Hint: Convert months to days. When needed, use 365 days per year and 30 days per month a. 9 years b. 9 years 9 months c. 9 years 1 month 15 days d. 27 years 98 days a. The amount accumulated after 9 years is (Round to the nearest cent as needed.) b. The amount accumulated after...