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Calculate the amount of simple interest earned. $1,000 at 8% for 3 years A $2,400 B...
80 Quantitative Reasoning,hClass Activites Lesson 8c 2% simple interest annually when computing simple interest 2% of...
80 Quantitative Reasoning,hClass Activites Lesson 8c 2% simple interest annually when computing simple interest 2% of the nitial balance of $1,000 s added to the account every year. The amount of interest eamed is the same each year 2) Suppose you invest $1,000 in a savings account that pays Part A Complete the following table of the interest and total balance in the account based on the simple interest assumption. Total Balance (B) (initial investment+ total interest) Number of Years...
If $16,000 is invested in an account for 15 years. Calculate the total interest earned at...
If $16,000 is invested in an account for 15 years. Calculate the total interest earned at the end of 15 years if the interest is: (a) 5% simple interest: $ (b) 5% compounded annually: $ (c) 5% compounded quarterly: $ (d) 5% compounded monthly: $ Round your answers to the nearest cent.
PLEASE SOLVE ITT Compare the interest earned by $10,000 for four years at 9% simple interest...
PLEASE SOLVE ITT
Compare the interest earned by $10,000 for four years at 9% simple interest with interest earned by the same amount for four years at 9% compounded annually Why does a difference occur Click the icon to view the interest and annuity table for discrete compounding when 9% per year. The simple interest earned is $ (Round to the nearest dollar.) The compound interest earned is $ (Round to the nearest dollar) There is a difference in the...
Compare the interest earned by $14,000 for three years at 6% simple interest with interest earned...
Compare the interest earned by $14,000 for three years at 6% simple interest with interest earned by the same amount for three years at 6% compounded annually Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when = 6% per year The simple interest eamed is _ (Round to the nearest dollar.) The compound interest sarned is S . (Round to the nearest dollar.) There is a difference in the amount...
Problém 3-2 (algorithmic) E Question Help Compare the interest earned by $15,000 for five years at...
Problém 3-2 (algorithmic) E Question Help Compare the interest earned by $15,000 for five years at 12% simple interest with that earned by the same amount for five years at 12% compounded annually The interest earned by $15,000 for five years at 12% simple interest is S (Round to the nearest dollar )
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value...
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value using the simple interest formula. 365 day year Principal Interest Rate Time Simple Interest Amount Future Value $ 18,000 4.5% 18 months $ 21,000 5% 1.75 Years $ 18,000 7.25% 9 months $ 1,000 8% 93 days $ 585 9% 193 days $ 1,200 12% 187 days 1) Leslie Hart borrowed $15,000 to pay for her child’s education. Leslie must repay the loan...
Calculate the future value of $3,000 in a. Four years at an interest rate of 5%...
Calculate the future value of $3,000 in a. Four years at an interest rate of 5% per year. b. Eight years at an interest rate of 5% per year. c. Four years at an interest rate of 10% per year. d. Why is the amount of interest eared in part (a) less than half the amount of interest earned in part (b)? a. Four years at an interest rate of 5% per year. The future value of $3,000 in 4...
1 Given (a) RM20,000 for 5 years at 12% a year (b) RM10,000 for 3 years...
1 Given (a) RM20,000 for 5 years at 12% a year (b) RM10,000 for 3 years 8 months at 9% a year (C) RM15,000 for 3 – years at 11% a year 4 (d) RM7,000 for 40 weeks at 5% a year (e) RM8,000 for 20 months at 4% a year Find (i) simple interest earned, (ii) simple amount
3. Calculate the future value of $2000 in a. 5 years at an interest rate of...
3. Calculate the future value of $2000 in a. 5 years at an interest rate of 5% per year. b, 10 years at an interest rate of 5% per year c. 5 years at an interest rate of 10% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
Find the compound amount for the deposit and the amount of interest earned. $240 at 5.8%...
Find the compound amount for the deposit and the amount of interest earned. $240 at 5.8% compounded semiannually for 11 years The compound amount after 11 years is $ . (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)
80 Quantitative Reasoning,hClass Activites Lesson 8c 2% simple interest annually when computing simple interest 2% of the nitial balance of $1,000 s added to the account every year. The amount of interest eamed is the same each year 2) Suppose you invest $1,000 in a savings account that pays Part A Complete the following table of the interest and total balance in the account based on the simple interest assumption. Total Balance (B) (initial investment+ total interest) Number of Years...
PLEASE SOLVE ITT
Compare the interest earned by $10,000 for four years at 9% simple interest with interest earned by the same amount for four years at 9% compounded annually Why does a difference occur Click the icon to view the interest and annuity table for discrete compounding when 9% per year. The simple interest earned is $ (Round to the nearest dollar.) The compound interest earned is $ (Round to the nearest dollar) There is a difference in the...
Compare the interest earned by $14,000 for three years at 6% simple interest with interest earned by the same amount for three years at 6% compounded annually Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when = 6% per year The simple interest eamed is _ (Round to the nearest dollar.) The compound interest sarned is S . (Round to the nearest dollar.) There is a difference in the amount...
Problém 3-2 (algorithmic) E Question Help Compare the interest earned by $15,000 for five years at 12% simple interest with that earned by the same amount for five years at 12% compounded annually The interest earned by $15,000 for five years at 12% simple interest is S (Round to the nearest dollar )
Calculate the future value of $3,000 in a. Four years at an interest rate of 5% per year. b. Eight years at an interest rate of 5% per year. c. Four years at an interest rate of 10% per year. d. Why is the amount of interest eared in part (a) less than half the amount of interest earned in part (b)? a. Four years at an interest rate of 5% per year. The future value of $3,000 in 4...
1 Given (a) RM20,000 for 5 years at 12% a year (b) RM10,000 for 3 years 8 months at 9% a year (C) RM15,000 for 3 – years at 11% a year 4 (d) RM7,000 for 40 weeks at 5% a year (e) RM8,000 for 20 months at 4% a year Find (i) simple interest earned, (ii) simple amount
3. Calculate the future value of $2000 in a. 5 years at an interest rate of 5% per year. b, 10 years at an interest rate of 5% per year c. 5 years at an interest rate of 10% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
Find the compound amount for the deposit and the amount of interest earned. $240 at 5.8% compounded semiannually for 11 years The compound amount after 11 years is $ . (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)
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