uestion 9 (10 points) Jari invests in a CD with an annual interest rate of 7.20%...
uestion 9 (10 points) Jari invests in a CD with an annual interest rate of 7.20% compounded quarterly. How many years will it take for Jari's investment to double. Round your answer 4 decimal places and include a label (written in lowercase) Your Answer: Question 9 options: Answer units
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uestion 9 (10 points) Jari invests in a CD with an annual
interest rate of 7.20%...
Juan invests 30,000 at an annual rate of 2%. How many years (approximately the closest) will...
Juan invests 30,000 at an annual rate of 2%. How many years (approximately the closest) will be spent to double his investment if the interest is compounded monthly, then continuously ?; Compare results.
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and...
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and months) will it take for his investment to reach $25,000? years and months (Round the answer for months up to the nearest multiple of three.) How long (in years and months) will it take for an investment to double at 5% compounded monthly? years and months (Round up to the nearest month.) How long will it take for an investment to triple if it...
Exercise 6-2 Chris Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing...
Exercise 6-2 Chris Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Chris withdraws the accumulated amount of money. Compute the amount Chris would withdraw assuming the investment earns simple interest. (Round answers to decimal places, e.g. 458,581.) Total withdrawn LINK TO TEXT LINK TO TEXT Click here to view factor tables Compute the amount Chris would withdraw assuming the investment earns...
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
You have $783,278 in a retirement account that pays a nominal annual interest rate of 9%,...
You have $783,278 in a retirement account that pays a nominal annual interest rate of 9%, compounded quarterly. If you plan to take a quarterly distribution for the next 14 years, how much could you withdraw each quarter? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point (":").
Tony Jackson invests $58,800 at 10% annual interest, leaving the money invested without withdrawing any of...
Tony Jackson invests $58,800 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Tony withdraws the accumulated amount of money. Compute the amount Tony would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Total withdrawn s e Textbook and Media Click here to view factor tables Compute the amount Tony would withdraw assuming the investment earns interest compounded...
1. Gordon invested $46,000 into a CD compounded quarterly with an annual interest rate at 2.90%...
1. Gordon invested $46,000 into a CD compounded quarterly with an annual interest rate at 2.90% Determine how much money Gordon will have after 5 years. Round your answer to the nearest cent. 2.Polonium-210 is a radioactive substance with a half-life of 138 days. If a nuclear facility is handling 285 grams of polonium-210, then how many grams of polonium-210 will be left in 350 days?
Amanda invests $7000 in a new savings account which earns 5.0% annual interest, compounded quarterly. What...
Amanda invests $7000 in a new savings account which earns 5.0% annual interest, compounded quarterly. What will be the value of her investment after 4 years? Round to the nearest cent.
Chris Jackson invests $30,700 at 8% annual interest, leaving the money invested without withdrawing any of...
Chris Jackson invests $30,700 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years. Chris withdraws the accumulated amount of money. (a) * Your answer is incorrect. Compute the amount Chris would withdraw assuming the investment earns simple interest. (Round answers to decimal places, eg. 458,581) Total withdrawn $ 19648 eTextbook and Media Save for Later Attempts: 1 of 15 used Submit Answer (b) Click here...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and months) will it take for his investment to reach $25,000? years and months (Round the answer for months up to the nearest multiple of three.) How long (in years and months) will it take for an investment to double at 5% compounded monthly? years and months (Round up to the nearest month.) How long will it take for an investment to triple if it...
Exercise 6-2 Chris Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Chris withdraws the accumulated amount of money. Compute the amount Chris would withdraw assuming the investment earns simple interest. (Round answers to decimal places, e.g. 458,581.) Total withdrawn LINK TO TEXT LINK TO TEXT Click here to view factor tables Compute the amount Chris would withdraw assuming the investment earns...
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
You have $783,278 in a retirement account that pays a nominal annual interest rate of 9%, compounded quarterly. If you plan to take a quarterly distribution for the next 14 years, how much could you withdraw each quarter? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point (":").
Tony Jackson invests $58,800 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Tony withdraws the accumulated amount of money. Compute the amount Tony would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Total withdrawn s e Textbook and Media Click here to view factor tables Compute the amount Tony would withdraw assuming the investment earns interest compounded...
Amanda invests $7000 in a new savings account which earns 5.0% annual interest, compounded quarterly. What will be the value of her investment after 4 years? Round to the nearest cent.
Chris Jackson invests $30,700 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years. Chris withdraws the accumulated amount of money. (a) * Your answer is incorrect. Compute the amount Chris would withdraw assuming the investment earns simple interest. (Round answers to decimal places, eg. 458,581) Total withdrawn $ 19648 eTextbook and Media Save for Later Attempts: 1 of 15 used Submit Answer (b) Click here...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
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