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$16000 is invested at an APR of 3.5% compounded daily. Write a numerical expression that would...
a. $4,200 is invested with a 5.2 % APR compounded continuously. What is the value of...
a. $4,200 is invested with a 5.2 % APR compounded continuously. What is the value of the investment after 13 years? Preview b. $700 is invested with a 3.5% APR compounded continuously. What is the value of the investment after 13 years? Preview c. $2,100 is invested with a 4.6% APR compounded continuously. What is the value of the investment after 13 years? Preview Submit Question 1. Points possible: 3 Unlimited attempts. Message instructor about this question Post this question...
Determine the value of an investment if $300 is invested at a rate of 3.5% compounded...
Determine the value of an investment if $300 is invested at a rate of 3.5% compounded semiannually for 22 years. Round answer to the hundredths.
You have found three investment choices for a one-year deposit: 11% APR compounded monthly, 9% APR compounded annually, and 10% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)
You have found three investment choices for a one-year deposit: 11% APR compounded monthly, 9% APR compounded annually, and 10% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.)
An amount of $1500 is invested at an interest rate of 7.8 % compounded continuously. What...
An amount of $1500 is invested at an interest rate of 7.8 % compounded continuously. What will the final value of this investment be after 30 years? The correct formula to calculate the final value is O A. P=1500 e -(0.078)(30) OB. P= 1500(1 +0.078,30 OC. P = 1500(1 +0.078) - 30 OD. P=1500 e (0.078(30) O E. None of the above The investment will be worth $ after 30 years. (Round to the nearest cent as needed.)
If $1,000 were invested now at a 12% interest rate compounded annually, what would be the...
If $1,000 were invested now at a 12% interest rate compounded
annually, what would be the value of the investment in two
years
D 30. Your current bank is paying 6.25% simple interest rate. You can move your savings account to Harris Bank that pays 6.25% compounded annually or to First Chicago bank paying 6% compounded semi-annually. To maximize your return you would choose: First Chicago bank Harris Bank your current bank you are indifferent, because the effective interest rate...
Find the value, in 2 years’ time, of $4000 invested at 5% compounded annually. In the...
Find the value, in 2 years’ time, of $4000 invested at
5% compounded annually. In the
following 2 years, the interest rate is expected to rise to 8%.
Find the final value of the
investment at the end of the 4-year period, and find the overall
percentage increase. Give
your answers correct to 2 decimal places.
Find the value, in 2 years’ time, of $4000 invested at
5% compounded annually. In the
following 2 years, the interest rate is expected...
f $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how fast is the balance growing after 4 years
f $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how fast is the balance growing after 4 years? (Round your answer to the nearest cent.)$ 1 per yr
3. You have found three investment choices for a one-year deposit:10.0 % APR compounded monthly, 10.0%...
3. You have found three investment choices for a one-year deposit:10.0 % APR compounded monthly, 10.0% APR compounded annually, and 9.0% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) 4. Suppose Capital One is advertising a 60-month, 5.99 %APR motorcycle loan. If you need to borrow$8,000to purchase your dream Harley-Davidson, what will be your monthly...
Question 24 (4 points) Gordon invested $93,000 into a CD compounded quarterly with an annual interest...
Question 24 (4 points) Gordon invested $93,000 into a CD compounded quarterly with an annual interest rate of 2.65%. Determine how much money Gordon would have after 7 years. Round your answer to the nearest cent. Provide only a numerical answer (For example, if the final amount came to $5,023.97, then you would input 5023.97). Your Answer: Answer
Suppose that Po is invested in a savings account in which interest is compounded continuously at ...
Suppose that Po is invested in a savings account in which interest is compounded continuously at 59% per year. That is, the balance P grows at the rate given by the following equation dP 0.059P(t) dt (a)Find the function P(t) that satisfies the equation. Write it in terms of Po and 0.059. (b)Suppose that $1500 is invested. What is the balance after 2 years? (c)When will an investment of $1500 double itself? (a) Choose the correct answer below. Po P(t)...
a. $4,200 is invested with a 5.2 % APR compounded continuously. What is the value of the investment after 13 years? Preview b. $700 is invested with a 3.5% APR compounded continuously. What is the value of the investment after 13 years? Preview c. $2,100 is invested with a 4.6% APR compounded continuously. What is the value of the investment after 13 years? Preview Submit Question 1. Points possible: 3 Unlimited attempts. Message instructor about this question Post this question...
An amount of $1500 is invested at an interest rate of 7.8 % compounded continuously. What will the final value of this investment be after 30 years? The correct formula to calculate the final value is O A. P=1500 e -(0.078)(30) OB. P= 1500(1 +0.078,30 OC. P = 1500(1 +0.078) - 30 OD. P=1500 e (0.078(30) O E. None of the above The investment will be worth $ after 30 years. (Round to the nearest cent as needed.)
If $1,000 were invested now at a 12% interest rate compounded
annually, what would be the value of the investment in two
years
D 30. Your current bank is paying 6.25% simple interest rate. You can move your savings account to Harris Bank that pays 6.25% compounded annually or to First Chicago bank paying 6% compounded semi-annually. To maximize your return you would choose: First Chicago bank Harris Bank your current bank you are indifferent, because the effective interest rate...
Find the value, in 2 years’ time, of $4000 invested at
5% compounded annually. In the
following 2 years, the interest rate is expected to rise to 8%.
Find the final value of the
investment at the end of the 4-year period, and find the overall
percentage increase. Give
your answers correct to 2 decimal places.
Find the value, in 2 years’ time, of $4000 invested at
5% compounded annually. In the
following 2 years, the interest rate is expected...
Question 24 (4 points) Gordon invested $93,000 into a CD compounded quarterly with an annual interest rate of 2.65%. Determine how much money Gordon would have after 7 years. Round your answer to the nearest cent. Provide only a numerical answer (For example, if the final amount came to $5,023.97, then you would input 5023.97). Your Answer: Answer
Suppose that Po is invested in a savings account in which interest is compounded continuously at 59% per year. That is, the balance P grows at the rate given by the following equation dP 0.059P(t) dt (a)Find the function P(t) that satisfies the equation. Write it in terms of Po and 0.059. (b)Suppose that $1500 is invested. What is the balance after 2 years? (c)When will an investment of $1500 double itself? (a) Choose the correct answer below. Po P(t)...
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