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What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded...
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...
Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 1. ...
Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 1. Compound 2. Effective rate (APY B. Stated rate 3. Nominal rate C. D. E. F. Four times per year Amount calculated on adjusted principal 12 times per year Years times number of times compounded in one year True rate of interest Know future amount looking for present Rate divided by number of times compounded per year Periodically interest is calculated and added to...
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...
Find the future value and compound interest on $4,000 at 8% compounded semiannually for two years....
Find the future value and compound interest on $4,000 at 8% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or the future value and compound interest formula Future Value or Compound Amount of $1.00 Future value = $ (Round to the nearest cont as needed.) Compound interest = $ (Round to the nearest cent as needed)
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers...
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 5 years? b. How much more wil the better plan earn? C. What is the effective rate in each case? interest below O compounded continuously O compounded quarterly b. The difference is $ d. If Ms. O'Brien chooses the...
Find the missing interest earned. Principal Rate Compounded | Time Final Amount Compound Interest $12256 %...
Find the missing interest earned. Principal Rate Compounded | Time Final Amount Compound Interest $12256 % quarterly 5 years $1649.90 The amount of compound interest earned is $|| (Round to the nearest cent as needed)
Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days...
Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 11% compounded monthly: 11.25% compounded annually %. The effective annual yield for a 11% compounded monthly investment is (Round to two decimal places as needed.) Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 3% compounded semiannually; 2.9% compounded daily %. The effective annual yield for a 3% compounded semiannually investment...
Find the accumulated amount A if the principal Pis invested at the interest rate of r/year...
Find the accumulated amount A if the principal Pis invested at the interest rate of r/year for tyr. (Use a 365-day year. Round your answer to the nearest cent.) P = $230,000,- 7%, t = 5, compounded daily A=$ X Need Help? Read it Talk to a Tutor Submit Answer DETAILS [0/0.1 Points] PREVIOUS ANSWERS TANAPMATHS 4.1.021. PRACTICE ANG MY NOTES Find the effective rate corresponding to the given nominal rate. (Round your answer to two decimal places.) 12%/year compounded...
Use the compound interest formulas A=P(1+r/n)nt and A=Pert to solve the problem given.
Use the compound interest formulas A=P(1+r/n)nt and A=Pert to solve the problem given. Round answers to the nearest cent.Find the accumulated value of an investment of $15,000 for 5 years at an interest rate of 7 %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?b.What is the accumulated value if the money is compounded quarterly?c. What is the accumulated value if the...
I can't make excel figure out the continuous interest. (#4) You plan to invest $2,100 in...
I can't make excel figure out the continuous interest. (#4)
You plan to invest $2,100 in an individual retirement arrangement (IRA) today at a nominal Compounding frequency and time value Personal Finance Problem annual rate of 8%, which is expected to apply to all future years. a. How much will you have in the account at the end of 9 years if interest is compounded (1) annually, (2) semiannually, (3) daily (assume a 365-day year), and (4) continuously? b. What...
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...
Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 1. Compound 2. Effective rate (APY B. Stated rate 3. Nominal rate C. D. E. F. Four times per year Amount calculated on adjusted principal 12 times per year Years times number of times compounded in one year True rate of interest Know future amount looking for present Rate divided by number of times compounded per year Periodically interest is calculated and added to...
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...
Find the future value and compound interest on $4,000 at 8% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or the future value and compound interest formula Future Value or Compound Amount of $1.00 Future value = $ (Round to the nearest cont as needed.) Compound interest = $ (Round to the nearest cent as needed)
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 5 years? b. How much more wil the better plan earn? C. What is the effective rate in each case? interest below O compounded continuously O compounded quarterly b. The difference is $ d. If Ms. O'Brien chooses the...
Find the missing interest earned. Principal Rate Compounded | Time Final Amount Compound Interest $12256 % quarterly 5 years $1649.90 The amount of compound interest earned is $|| (Round to the nearest cent as needed)
Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 11% compounded monthly: 11.25% compounded annually %. The effective annual yield for a 11% compounded monthly investment is (Round to two decimal places as needed.) Determine the effective annual yield for each investment. Then select the better investment. Assume 360 days in a year. 3% compounded semiannually; 2.9% compounded daily %. The effective annual yield for a 3% compounded semiannually investment...
Find the accumulated amount A if the principal Pis invested at the interest rate of r/year for tyr. (Use a 365-day year. Round your answer to the nearest cent.) P = $230,000,- 7%, t = 5, compounded daily A=$ X Need Help? Read it Talk to a Tutor Submit Answer DETAILS [0/0.1 Points] PREVIOUS ANSWERS TANAPMATHS 4.1.021. PRACTICE ANG MY NOTES Find the effective rate corresponding to the given nominal rate. (Round your answer to two decimal places.) 12%/year compounded...
I can't make excel figure out the continuous interest. (#4)
You plan to invest $2,100 in an individual retirement arrangement (IRA) today at a nominal Compounding frequency and time value Personal Finance Problem annual rate of 8%, which is expected to apply to all future years. a. How much will you have in the account at the end of 9 years if interest is compounded (1) annually, (2) semiannually, (3) daily (assume a 365-day year), and (4) continuously? b. What...
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