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of 8 (5 complete) his Question: 1 pt Tesco espered the same time. The best has principal of 1000 in accounting 114 compounded money. The second has a principal of 53000 in an accountang est compounded by Deer te ber of years retter, which the account balances will be Sply you werType anger or a decimal. Do not found the farver. Then found to the rest has needed)
A bank account was opened with $1000 when you were born, and has accrued a constant 3% interest rate, compounded each month. On your 20th birthday, what will be the account balance?
Melinda has a daily savings account that earns interest at 3.1% per annum. She opened her account with $2000 on March 31. How much interest will she earn during the first two years if the interest is calculated daily and paid into the account at the end of each month? (Enter the value only; do NOT add a $ sign.)
14.Compound Interest hank account pays compound interest, it pays interest not only on the principal amount that was deposited into the account, but also on the interest that has accumulated over time. Suppose you want to deposit some money into a savings account, and let the account earn compound interest for a certain number of years. The formula for calculating the balance of the account afer a specified namber of years is The terms in the formula are A is...
Two debts, the first of $1200 due nine months ago and the second of $1000 borrowed one year ago for a term of four years at 9.4% compounded annually, are to be replaced by a single payment one year from now. Determine the size of the replacement payment if interest is 8.5% compounded quarterly and the focal date is one year from now The size of the replacement payment is $0 (Round to the nearest cent as needed. Round all...
do not use s domain method ,use only differential equation 3. In the circuit shown, switch 1 has been closed for a long time before it is opened at t 0, and switch 2 has been opened for a long time before it is closed at t = 0. SW2 sw, 0.5Ω R2 1(2 A, 20 A i(t) 0.5 H a. Find the initial voltage v(O)- Vo across the capacitor and initial current through the inductor (0) lo at t...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She then deposits $150 into that savings account at the end of every subsequent month. This savings account pays an annual interest rate of 3.6% and is compounded monthly. How much does Leona have in her account at the end of each of the first 3 years? not ((1+5)* - 1 B(t)= P. (5) Round your answer to the nearest penny. Input the dollar sign...
Module 4 Hand- in Assignment a. 1. You deposit $1000 into a bank account that pays 10% simple. How much interest would you earn if: You left the money in for 6 years. b. You left the money in for 9 months. c. Your deposit was on April 6 and you withdrew the money on December 23 the same year d. You made a deposit October 28, and withdrew the money September 21, the next year. 2. 18 months ago...
ed to withdraw the money for the first time. The account current y has $4,037 in it and pays a n 4% interest rate. Your grandfather put some money n an account for you on the day you were bom You are now 18 years old and are alo a. How much money would be in the account if you left the money there until your 25th birthday? b. How much would be in your account if you left the...
You are planning to take a four-month trip. You will withdraw $1000 from your account at the beginning of each of the four months. All money for the trip must be in the account when it starts, and you will make no other deposits or withdrawals. You may assume each month is 1/12 of a year. Assume your account has an annual interest rate of 2.4%, compounded continuously. Let the beginning of your trip be at time t = 0,...