Homework Answers
Add Answer to:
Suppose that money is deposited daily into a savings account at an annual rate of $1000....
Suppose that money is deposited daily into a savings account at an annual rate of $19,000....
Suppose that money is deposited daily into a savings account at an annual rate of $19,000. If the account pays 5% interest compounded continuously, estimate the balance in the account at the end of 3 years. The approximate balance in the account is $ 1. (Round to the nearest dollar as needed.)
1) If $4000 is deposited in a savings account that earns interest at an annual rate...
1) If $4000 is deposited in a savings account that earns interest at an annual rate of 2.5% interest compounded continuously, what is the value of the account at the end of two years? 2) A trust fund for a 11-year-old child is being set up by a single payment so that at age 21 the child will receive $37,000. Find how much the payment is if an interest rate of 9% compounded semiannually is assumed. 3) A bank account...
how much will $1000 deposited in a single savings account coming in a compound annual interest...
how much will $1000 deposited in a single savings account coming in a compound annual interest rate of 6 percent be worth at the end of the following number of years? 3 years
Question 2 Robb by grandmother deposited $100 in a savings account bom. The money has been extring an annual rate of...
Question 2 Robb by grandmother deposited $100 in a savings account bom. The money has been extring an annual rate of quarterly for the last 25 years. He is getting married a new bride on a fabulous honeymoon. How led 100 in a savings account for him when he was ning an annual rate of 12% interest, compounded cars. He is getting married and would like to take his use? us honeymoon. How much does he have in this account...
How much money should be deposited today in an account that earns 5% compounded semiannually so...
How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...
1. Suppose you have A, dollars to invest in a savings account eaming an annual interest...
1. Suppose you have A, dollars to invest in a savings account eaming an annual interest rate of r percent compounded continuously. Furthermore, suppose that you make annual deposits of d dollars to the account. The differential equation governing this situation is dA =rA+d, AO) = Ao (a) Find an equation for the future value Ac) of the account by solving the aforementioned initial value problem. Be sure your solution is correct as this will be used for the remaining...
8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What...
8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What is the effective annual interest rate? Determine the value of his account at the end of four years. The effective annual interest rate is %. (Round to two decimal places.) The value of this account at the end of four years is $ (Round to the nearest dollar.)
8. $1000 is invested in a saving account with an annual interest rate 4%. Find the...
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.
#6 Suppose that you do 30000 in a wings out that pays 9% annual interest with...
#6
Suppose that you do 30000 in a wings out that pays 9% annual interest with interest credited to the account at the end of each you. Antingen werdend that interest compounded computer (a) and (b) below (a) Find the balance in the counter 5 years Find the balance in the account her years and 10 months The amount of money in the court or 5 years in Round to the nearest as needed) The amount of money in the...
138 and is used. 24.22%. 19 $33500 is deposited in a savings account at the end of each year an...
138 and is used. 24.22%. 19 $33500 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years? $351750 O $421360 O $486750 O $54568
138 and is used. 24.22%.
19 $33500 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be...
Suppose that money is deposited daily into a savings account at an annual rate of $19,000. If the account pays 5% interest compounded continuously, estimate the balance in the account at the end of 3 years. The approximate balance in the account is $ 1. (Round to the nearest dollar as needed.)
Question 2 Robb by grandmother deposited $100 in a savings account bom. The money has been extring an annual rate of quarterly for the last 25 years. He is getting married a new bride on a fabulous honeymoon. How led 100 in a savings account for him when he was ning an annual rate of 12% interest, compounded cars. He is getting married and would like to take his use? us honeymoon. How much does he have in this account...
How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...
1. Suppose you have A, dollars to invest in a savings account eaming an annual interest rate of r percent compounded continuously. Furthermore, suppose that you make annual deposits of d dollars to the account. The differential equation governing this situation is dA =rA+d, AO) = Ao (a) Find an equation for the future value Ac) of the account by solving the aforementioned initial value problem. Be sure your solution is correct as this will be used for the remaining...
8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What is the effective annual interest rate? Determine the value of his account at the end of four years. The effective annual interest rate is %. (Round to two decimal places.) The value of this account at the end of four years is $ (Round to the nearest dollar.)
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.
#6
Suppose that you do 30000 in a wings out that pays 9% annual interest with interest credited to the account at the end of each you. Antingen werdend that interest compounded computer (a) and (b) below (a) Find the balance in the counter 5 years Find the balance in the account her years and 10 months The amount of money in the court or 5 years in Round to the nearest as needed) The amount of money in the...
138 and is used. 24.22%. 19 $33500 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years? $351750 O $421360 O $486750 O $54568
138 and is used. 24.22%.
19 $33500 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be...
Most questions answered within 3 hours.
-
What is the advantage of considering each of the
following in calculating the work done by...
asked 4 minutes ago -
Write a stored function that takes a number as its input and
returns that number as...
asked 3 minutes ago -
In the laboratory, a general chemistry student measured the pH
of a 0.527 M aqueous solution...
asked 9 minutes ago -
Water can decompose into H2 and O2 via electrolysis. How many
moles of H2 could theoretically...
asked 17 minutes ago -
How many moles of oxygen would be consumed during the aerobic
oxidation of one mole of...
asked 33 minutes ago -
Choose an enzyme and tell its function and what substrate it
works on.
asked 32 minutes ago -
You are helping the CFO of a manufacturing company assess
whether the firm should embark on...
asked 27 minutes ago -
a) Given these data for the reaction , write the rate-law
expression.
(Use k for the...
asked 32 minutes ago -
Compare two countries how the culture
of those country enhances or impedes your understanding of the...
asked 34 minutes ago -
Identify the incorrect statement.
A. An increase in mol does not increase the average force of...
asked 35 minutes ago -
In broadcast authentication, a senderaims to send
oneauthentication code for multiple receivers to verify. Explain
why...
asked 35 minutes ago -
A student studying for a vocabulary test knows the meanings of
16 words from a list...
asked 1 hour ago