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This Question: 1 pt 3 of 17 (0 complete Use the periodic compound interest formula How...
Score: 0 of 1 pt SI 1 of 10 (0 complete) HW Score: 0%, 0 of...
Score: 0 of 1 pt SI 1 of 10 (0 complete) HW Score: 0%, 0 of 10 Question Help 8.4.5 The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. A. Find how much money there will be in the account after the given number of years. B. Find the interest eamed. A The amount of money in the account after 2 years is (Round to the nearest hundredth as...
please answer correctly nt Use the compound interest formulas A=P and A=Pento solve the problem given....
please answer correctly
nt Use the compound interest formulas A=P and A=Pento 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 6% 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? (Round your answer to the nearest cent. Do not include the $ symbol...
' tuTпорар Score: 0 of 1 pt 5.1.23 Find the compound amount for the given deposit...
' tuTпорар Score: 0 of 1 pt 5.1.23 Find the compound amount for the given deposit and the amount of interest earned. $3500 is invested at 6% compounded quarterly for 6 years The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
A. Use the appropriate formula to determine the periodic deposit b. How much of the financial goa...
a. Use the appropriate formula to determine the periodic deposit b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate 55% compounded quarterly Time 5years Financial Goal $10,000 at the end of every three months mo Click the icon to view some finance formulas. a, The periodic deposit is S (Do not round until the final answer. Then round up to the nearest dollar as needed) b, s/ ] of the...
Use the compound interest formula to compute the total amount accumulated and the interest earned. $2500...
Use the compound interest formula to compute the total amount accumulated and the interest earned. $2500 for 5 years at 5% compounded quarterly The total amount accumulated after 5 years is $ (Round to the nearest cent as needed.) The amount of interest earned is $ (Round to the nearest cent as needed.)
Use the compound interest formulas A = and A=Pe" to solve the problem given. Round answers...
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...
This Question: 1 pt 4 of 17 (0 complete) This Quiz: 17 pts poss An original...
This Question: 1 pt 4 of 17 (0 complete) This Quiz: 17 pts poss An original investment of $12,000 earns 6.50% interest compounded continuously. What will the investment be worth in 3 years? 30 years? After 3 years, the investment will be worth $ (Do not round until the final answer. Thon round to the nearest cent as needed.) After 30 years, the investment will be worth $0. (Do not round until the final answer. Then round to the nearest...
1. Simon recently received a credit card with an 17% nominal interest rate. With the card,...
1. Simon recently received a credit card with an 17% nominal interest rate. With the card, he purchased an Apple iPhone 5 for $440. The minimum payment on the card is only $20 per month. If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Do not round intermediate calculations. Round your answer to the nearest month. ____ month(s) If Simon makes monthly payments of $60,...
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment...
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $275 monthly at 5.6% to accumulate $25,000. _________yr 2- Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $18,000 at 3% for 15 years if...
Find the compound amount for the deposit and the amount of interest earned. $6200 at 3%...
Find the compound amount for the deposit and the amount of interest earned. $6200 at 3% compounded quarterly for 9 years The compound amount after 9 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
Score: 0 of 1 pt SI 1 of 10 (0 complete) HW Score: 0%, 0 of 10 Question Help 8.4.5 The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. A. Find how much money there will be in the account after the given number of years. B. Find the interest eamed. A The amount of money in the account after 2 years is (Round to the nearest hundredth as...
please answer correctly
nt Use the compound interest formulas A=P and A=Pento 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 6% 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? (Round your answer to the nearest cent. Do not include the $ symbol...
' tuTпорар Score: 0 of 1 pt 5.1.23 Find the compound amount for the given deposit and the amount of interest earned. $3500 is invested at 6% compounded quarterly for 6 years The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
a. Use the appropriate formula to determine the periodic deposit b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate 55% compounded quarterly Time 5years Financial Goal $10,000 at the end of every three months mo Click the icon to view some finance formulas. a, The periodic deposit is S (Do not round until the final answer. Then round up to the nearest dollar as needed) b, s/ ] of the...
Use the compound interest formula to compute the total amount accumulated and the interest earned. $2500 for 5 years at 5% compounded quarterly The total amount accumulated after 5 years is $ (Round to the nearest cent as needed.) The amount of interest earned is $ (Round to the nearest cent as needed.)
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...
This Question: 1 pt 4 of 17 (0 complete) This Quiz: 17 pts poss An original investment of $12,000 earns 6.50% interest compounded continuously. What will the investment be worth in 3 years? 30 years? After 3 years, the investment will be worth $ (Do not round until the final answer. Thon round to the nearest cent as needed.) After 30 years, the investment will be worth $0. (Do not round until the final answer. Then round to the nearest...
Find the compound amount for the deposit and the amount of interest earned. $6200 at 3% compounded quarterly for 9 years The compound amount after 9 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
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