Question

17. Determine the amount of each investment. a) $6500 invested at 4% per year, compounded semi-annually, for 3 years b) $3200 invested at 3% per year, compounded quarterly, for 8 years c) $900 invested at 6% per year, compounded daily, for 150 days d) $25 000 invested at 8% per year, compounded monthly, for 35 years

Answer 1

@ soli from data (17) the given have: n=% 0.04 p = $6500 t=3 n=2 A=P pl 1+ 2)" soo ( 2X3 6500 It looy 2 = 7320.05 .: A = $ 7320.05 (6) so lo- from the given data we have: 9= 3% = 0.03 p = $3200 6-8 n=4 AE =pl a It at (1+ ) *** E 3200 = 4064.35 ..A = $4064.35

② solo from the given data we have i p=$900 = 6% = 0.06 n = 365 ta 150 365 A nt - plit ity ) " 900 (+ 150 0.06 365* こ 365 =922.465 .: A = = $922.465 d) solo from the given data. we haver p= $25,000 na12 t=35 09-8% = 0,08 A =P ( 1+ )" 0.00) 12x 35 = 25,000 (1+ =407313.74 I', A $ 407313.74 ... If you impress with Answer, please give me like.