Find the balance if $17,500 is invested at an annual interest rate of 3.25% , compounded...
Find the balance if $17,500 is invested at an annual interest rate of 3.25% , compounded annually, for 7 years? 15 years?
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Find the balance if $17,500 is invested at an annual interest
rate of 3.25% , compounded...
8. $1000 is invested in a saving account with an annual interest rate 4%. Find the...
8. $1000 is invested in a saving account with an annual interest rate 4%. Find the balance of the account after 15 years in the following situations (round each answer to its nearest 100th): (i) The interest is compounded annually. (ii) The interest is compounded monthly. (iii) The interest is compounded continuously.
Find the compound interest if RM1000 is invested for five years at an annual interest rate of 7% compounded
Find the compound interest if RM1000 is invested for five years at an annual interest rate of 7%compounded :a) quarterlyb) monthlyc) weekly
Find the balance, A, in the account when $7,500 is invested at an annual interest rate...
Find the balance, A, in the account when $7,500 is invested at an annual interest rate of 3.5% compounded quarterly for 20 years. A) $12,750.00 B) $15,103.15 OC) $15,011.98 OD) $15,923.42 O E) $15,057.23 OF) $15,087.77 G) $15,102.64
Find the time it takes for $5,300 to double when invested at an annual interest rate...
Find the time it takes for $5,300 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview Find the time it takes for $530,000 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded ()...
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded () Rate of Interest (b) Number of Periods a. 10% Annually b. 8% Quarterly 10% Semiannually 2. In a present value of an annuity of 1 table: Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (6) Number of Periods 1096 26 Annually 12% 15 30 Semiannually 8% Quarterly LINK TO TEXT Question Attempts: 0 of 3...
Question 7 If A, dollars are invested at annual interest rate r, compounded monthly, then after...
Question 7 If A, dollars are invested at annual interest rate r, compounded monthly, then after years the account will have grown to 12: A) = A 1 + 12 If $3000 is placed into an account eaming 10% annual interest, compounded monthly, how much will it grow to after 10 years? (1-2) $6607.30 $8121.12 $8230.43 $6944.62
If $2000 is invested in an account that is compounded quarterly with an annual interest rate...
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
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
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
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
8. $1000 is invested in a saving account with an annual interest rate 4%. Find the balance of the account after 15 years in the following situations (round each answer to its nearest 100th): (i) The interest is compounded annually. (ii) The interest is compounded monthly. (iii) The interest is compounded continuously.
Find the balance, A, in the account when $7,500 is invested at an annual interest rate of 3.5% compounded quarterly for 20 years. A) $12,750.00 B) $15,103.15 OC) $15,011.98 OD) $15,923.42 O E) $15,057.23 OF) $15,087.77 G) $15,102.64
Find the time it takes for $5,300 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview Find the time it takes for $530,000 to double when invested at an annual interest rate of 10%, compounded continuously. years Preview
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded () Rate of Interest (b) Number of Periods a. 10% Annually b. 8% Quarterly 10% Semiannually 2. In a present value of an annuity of 1 table: Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (6) Number of Periods 1096 26 Annually 12% 15 30 Semiannually 8% Quarterly LINK TO TEXT Question Attempts: 0 of 3...
Question 7 If A, dollars are invested at annual interest rate r, compounded monthly, then after years the account will have grown to 12: A) = A 1 + 12 If $3000 is placed into an account eaming 10% annual interest, compounded monthly, how much will it grow to after 10 years? (1-2) $6607.30 $8121.12 $8230.43 $6944.62
If $2000 is invested in an account that is compounded quarterly with an annual interest rate of 3%, then the amount of money in the account after 3 years is given 3 byA36 = 2000(1 + 1200 36 True False
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
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