Bus Econ R. 1.29 Question Help Suppose that $60,000 is invested at 6% interest. Find the...
Bus Econ 10.6.19 E Question Help A company must pay a $304,000 settlement in 5 years. (a) What amount must be deposited now at 4% compounded semiannually to have enough money for the settlement? (b) How much interest will be earned? (c) Suppose the company can deposit only $100,000 now. How much more will be needed in u years? (d) Suppose the company can deposit $100,000 now in an account that pays interest continuously. What interest rate would they need...
Suppose that $100,000 is invested at 5% interest, compounded annually A = P(1 + r)' a) Find a function for the amount in the account after t years b) Find the amount of money in the account after 8 years
Suppose that $100,000 is invested at 5% interest, compounded annuallyA = P(1+r)' a) Find a function for the amount in the account after t years b) Find the amount of money in the account after 8 years
core: 0 of 1 pt HW Score: 75%, 4.5 of 6 p Bus Econ 5.4.50 Question Help A n w employee charged S 7640 on his credit card to relocate for his rst job. After noticing that the interest rate for his balance was 18% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. What monthly payment must he make...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
13.1.21 # $7000 is invested at 9% compounded (a) annually. (b) semiannually, or (c) quarterly, what is the amount after 6 years? (a) If it is compounded annually, what is the amount after 6 years? A= $ 11739.7 (Round to the nearest cent as needed.) (b) If it is compounded semiannually, what is the amount after 6 years? A = $ 11,871.17 (Round to the nearest cent as needed.) (c) If it is compounded quarterly, what is the amount after...
1. Suppose $26002600 is invested annually into an annuity that earns 55% interest. If P dollars are invested annually at an interest rate of r, the value of the annuity after n years is given by the following equation. Upper W equals Upper P left bracket StartFraction left parenthesis 1 plus r right parenthesis Superscript n Baseline minus 1 Over r EndFraction right bracketW=P(1+r)n−1r How much is the annuity worth after 5 years? 2. Suppose that $90,000 is invested at...
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find the amount in the bank after 12 years if interest is compounded monthly Finally, find the amount in the bank after 12 years if interest is compounded continuously
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,Find the amount in the bank after 13 years if interest is compounded annually:Find the amount in the bank after 13 years if interest is compounded quarterly:Find the amount in the bank after 13 years if interest is compounded monthly:Finally, find the amount in the bank after 13 years if interest is compounded continuously:
please answer both questions ! If $19,000 is invested in an account for 30 years. Find the value of the investment at the end of 30 years if the interest is: (a) 5% simple interest: $ 28500 interest: $ 2850_ (b) 5% compounded annually: $ 63116.91 Round your answers to the nearest cent. Question Help: Video Message instructor Submit Question If $13,000 is invested in an account for 15 years. Calculate the total interest earned at the end of 15...