If $14,500 is invested at an annual rate of r % compounded monthly, then the total...
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 $10,000 is invested in a money market account that earns an annual rate of interest of r, and interest is compounded weekly, then after 10 years the future value ( FV ) of the initial investment is given by the formula FV = 10,000[1+ r/ 52 ] ^ 520. (a) How does the future value change with the annual rate of interest? (b) Derive the elasticity of the future value with respect to the annual rate of interest? (c)...
If P dollars (aka principal) is invested at r% interest compounded annually, then the future value of the investment after n years is given by the formula Future value = P(1 + r/100)n Demonstrate your ability to use C++ syntax to design and develop a program to accept the principal, interest rate and years and displayed the computed future value with 2 decimal places. Use the pow function for this computation. The loop is controlled via the sentinel value, ‘E’....
If the annual interest rate is 5% that is compounded daily, monthly and yearly, what is the formula to calculate the effective interest after 3 years ?
If P dollars (aka principal) is invested at 1% interest compounded annually, then the future value of the investment after n years is given by the formula Future value = P(1 + r/100)" Demonstrate your ability to use C++ syntax to design and develop a program to accept the principal, interest rate and years and displayed the computed future value with 2 decimal places. Use the pow function for this computation. The loop is controlled via the sentinel value. ‘E....
Determine the principal P that must be invested at rate r = 3 1 2 %, compounded monthly, so that $700,000 will be available for retirement in t = 13 years. (Round your answer to the nearest cent.) P = $
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
Find the compound interest if RM1000 is invested for five years at an annual interest rate of 7%compounded :a) quarterlyb) monthlyc) weekly
2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate of 8% per year for the first 10 years followed by a nominal annual interest rate of 5% compounded daily for the second 10 years? Give your answer as a percent rounded to three decimal places. Answer:
12. $24,000 is invested in an account that pays 6% annual interest compounded monthly. What will be the value of the account after 6 years? Also find the year when the account will be worth $72,000? I 13. Find the inverse of f(x) = x +1 then evaluate: ( ff)(x) and (f. f(x)