Homework Answers
Answer :- $1110.99
Explanation:-
We use this table and we see that for 6% and 7 Years
Interest on $1 is 1.5219 then for $ 730
$730*1.5219 = $1110.99
There fore Amount is = $1110.99
Add Answer to:
Calculate what $730 would grow to at 6% per year compounded daily for 7 years. (Use...
Calculate what $760 would grow to at 6% per year compounded daily for 10 years. (Use...
Calculate what $760 would grow to at 6% per year compounded daily for 10 years. (Use Table 12.2.) (Round your answer to the nearest cent.) Amount $
calculate what $920 would grow to at 8.5% per year compounded daily for 8 years Calculate...
calculate what $920 would grow to at 8.5% per year compounded
daily for 8 years
Calculate what $920 would grow to at 8.5% per year compounded daily for 8 years. (Use Table 12.2.) (Round your answer to t Amount
Find the amount to which $800 will grow under each of these conditions: 4% compounded annually...
Find the amount to which $800 will grow under each of these conditions: 4% compounded annually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 4% compounded semiannually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 4% compounded quarterly for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 4% compounded monthly for 5 years. Do not round intermediate...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
A woman invests $6200 in an account that pays 6% interest per year, compounded continuously. (a)...
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
2. Your parents will retire in 22 years. They currently have $250,000 saved, and they think...
2. Your parents will retire in 22 years. They currently have $250,000 saved, and they think they will need $1,800,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. 3. An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $500 at...
1.What is the future value of $510 per year for 8 years compounded annually at 11...
1.What is the future value of $510 per year for 8 years compounded annually at 11 percent? The future value of $510 per year for 8 years compounded annually at 11 percent is $_ (Round to the nearest cent.) 2. What is the present value of $2,500 per year for 10 years discounted back to the present at 11 percent? The present value of $2,500 per year for 10 years discounted back to the present at 11 percent is $_...
For equipment upgrades, a business borrowed $400,000 at 10% compounded semiannually for 7 years. What are...
For equipment upgrades, a business borrowed $400,000 at 10% compounded semiannually for 7 years. What are the semiannual payments (in dollars)? (Round your answer to the nearest cent.) $ wah a present value of $150,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money is worth 6.5%, compounded quarterly? (Round your answer to the nearest cent.) $ A homeowner planning a kitchen remodeling can afford...
17. A business worth $180,000 is expected to grow at 12% per year compounded annually for...
17. A business worth $180,000 is expected to grow at 12% per year compounded annually for the next 4 years. (a) Find the expected future value. (b) If funds from the sale of the business today would be placed in an account yielding 8% compounded semiannually, what would be the minimum acceptable price for the business at this time? 18. A corporation worth $40 million is expected to grow at 8% per year compounded annually for 5 years. (a) Find...
What sum of money will grow to $6347.24 in nine years at 4% compounded quarterly? The...
What sum of money will grow to $6347.24 in nine years at 4% compounded quarterly? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
calculate what $920 would grow to at 8.5% per year compounded
daily for 8 years
Calculate what $920 would grow to at 8.5% per year compounded daily for 8 years. (Use Table 12.2.) (Round your answer to t Amount
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
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
For equipment upgrades, a business borrowed $400,000 at 10% compounded semiannually for 7 years. What are the semiannual payments (in dollars)? (Round your answer to the nearest cent.) $ wah a present value of $150,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money is worth 6.5%, compounded quarterly? (Round your answer to the nearest cent.) $ A homeowner planning a kitchen remodeling can afford...
What sum of money will grow to $6347.24 in nine years at 4% compounded quarterly? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Most questions answered within 3 hours.
-
What are some strategies for eliminating service barriers?
By using your knowledge of
behavioral styles, please...
asked 3 minutes ago -
What are the decimal numbers for 159, 150, 200, 113, 225, 87,
106, 81 when converted...
asked 11 minutes ago -
Calculate and plot the number and weight distributions of x-mers
found in a step-growth polymerization for...
asked 31 minutes ago -
The Baily Corporation has developed a specialized software
program that improves inventory control capability. The following...
asked 35 minutes ago -
Problem 5-4A (Part Level Submission) Wolford Department Store is
located in midtown Metropolis. During the past...
asked 35 minutes ago -
Preparation of Benzoic Acid using a Grignard Reagent URGENT
1. During your Grignard formation, a small...
asked 58 minutes ago -
A uniform magnetic field is perpendicular to the plane of a wire
loop. If the loop...
asked 57 minutes ago -
At the peak of your career, your were earning $120,000 and
holding a top level position....
asked 1 hour ago -
. A permanent magnet is dropped south-end-down through a horizontal
circular coil with a radius of...
asked 1 hour ago -
Bernie's Beverages purchased some fixed assets classified as
5-year property for MACRS. The assets cost $28,000....
asked 1 hour ago -
How many ATPs are produced from the catabolism of a 10-C
molecule of fatty acid under...
asked 1 hour ago -
Before practicing a routine on the rings, a 64.8 kg gymnast
hangs motionless, with one hand...
asked 1 hour ago