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Suppose you invest $4500 in an account. with an annual interest rate 6% c Use this...
1. Suppose you have A, dollars to invest in a savings account eaming an annual interest...
1. Suppose you have A, dollars to invest in a savings account eaming an annual interest rate of r percent compounded continuously. Furthermore, suppose that you make annual deposits of d dollars to the account. The differential equation governing this situation is dA =rA+d, AO) = Ao (a) Find an equation for the future value Ac) of the account by solving the aforementioned initial value problem. Be sure your solution is correct as this will be used for the remaining...
If you invest $6,000 today in an account at an annual interest rate of 7% compounded...
If you invest $6,000 today in an account at an annual interest rate of 7% compounded continuously, what would you have in the account at the end of 6 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST CENT (2 Decimals). LIST THE NUMBER AS A POSITIVE NUMBER.
6. Suppose $4500 is invested in an account earning 2.5% compounded monthly. How much will be...
6. Suppose $4500 is invested in an account earning 2.5% compounded monthly. How much will be in the account after 28 years? Use A = P1+! Round to the nearest cent. 1 = P(143
Solve the given problem related to compound interest. If $4500 is invested at an annual interest...
Solve the given problem related to compound interest. If $4500 is invested at an annual interest rate of 6.5% for 25 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent. Assume a year is exactly 365 days.) (a) monthly (b) daily
Suppose you invest $1,000 in an account paying 6% interest per year. a. What is the...
Suppose you invest $1,000 in an account paying 6% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 3 years? The balance in the account after 3 years is SE (Round to the nearest cent)
#6 Suppose that you do 30000 in a wings out that pays 9% annual interest with...
#6
Suppose that you do 30000 in a wings out that pays 9% annual interest with interest credited to the account at the end of each you. Antingen werdend that interest compounded computer (a) and (b) below (a) Find the balance in the counter 5 years Find the balance in the account her years and 10 months The amount of money in the court or 5 years in Round to the nearest as needed) The amount of money in the...
Question 9: (2 points) Suppose you have $600 to invest in a savings plan, and you...
Question 9: (2 points) Suppose you have $600 to invest in a savings plan, and you want to compare 4 could invest the money. Find the balance after one year if you deposit all the money into an account that interest each month (this is a simple interest equation where the amount of inte each month). Round answers to the nearest cent Find the balance after one year if you deposit all the money into an account that monthly compounding...
Given the annual interest rate and a line of an amortization schedule for that loan, complete...
Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments are made monthly. Annual Interest Rate Payment $524.49 Interest Paid $43.29 Paid on Principal $481.20 Balance $8,040.03 out the amortization schedule below. Payment Balance Annual interest Rate 6.1% Interest Paid $43.29 Paid on Principal $481.20 $8.040.03 $524.49 $ 524.49 Round to the nearest cent as needed.
Someone decides to invest $13,000 in a money market fund that guarantees a 4.2% annual interest...
Someone decides to invest $13,000 in a money market fund that guarantees a 4.2% annual interest rate compounded monthly for 7 years. A one-time fee of $69 is charged to set up the account. In addition, there is an annual administration charge of 1.7% of the balance in the account at the end of each year. (a) How much is in the account at the end of the first year? (b) How much is in the account at the end...
Watch the video and then solve the problem given below You are considering a loan with an annual ...
Watch the video and then solve the problem given below You are considering a loan with an annual rate of 8%. The mortgage is $130,000 with 180 monthly payments of $1242.35 for 15 years. Complete the first two months of the amortization table. (Simplify your answers. Round to the nearest cent as needed.) Payment number Interest payment Principal payment Balance of loan
Watch the video and then solve the problem given below You are considering a loan with an annual...
1. Suppose you have A, dollars to invest in a savings account eaming an annual interest rate of r percent compounded continuously. Furthermore, suppose that you make annual deposits of d dollars to the account. The differential equation governing this situation is dA =rA+d, AO) = Ao (a) Find an equation for the future value Ac) of the account by solving the aforementioned initial value problem. Be sure your solution is correct as this will be used for the remaining...
6. Suppose $4500 is invested in an account earning 2.5% compounded monthly. How much will be in the account after 28 years? Use A = P1+! Round to the nearest cent. 1 = P(143
Solve the given problem related to compound interest. If $4500 is invested at an annual interest rate of 6.5% for 25 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent. Assume a year is exactly 365 days.) (a) monthly (b) daily
Suppose you invest $1,000 in an account paying 6% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 3 years? The balance in the account after 3 years is SE (Round to the nearest cent)
#6
Suppose that you do 30000 in a wings out that pays 9% annual interest with interest credited to the account at the end of each you. Antingen werdend that interest compounded computer (a) and (b) below (a) Find the balance in the counter 5 years Find the balance in the account her years and 10 months The amount of money in the court or 5 years in Round to the nearest as needed) The amount of money in the...
Question 9: (2 points) Suppose you have $600 to invest in a savings plan, and you want to compare 4 could invest the money. Find the balance after one year if you deposit all the money into an account that interest each month (this is a simple interest equation where the amount of inte each month). Round answers to the nearest cent Find the balance after one year if you deposit all the money into an account that monthly compounding...
Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments are made monthly. Annual Interest Rate Payment $524.49 Interest Paid $43.29 Paid on Principal $481.20 Balance $8,040.03 out the amortization schedule below. Payment Balance Annual interest Rate 6.1% Interest Paid $43.29 Paid on Principal $481.20 $8.040.03 $524.49 $ 524.49 Round to the nearest cent as needed.
Someone decides to invest $13,000 in a money market fund that guarantees a 4.2% annual interest rate compounded monthly for 7 years. A one-time fee of $69 is charged to set up the account. In addition, there is an annual administration charge of 1.7% of the balance in the account at the end of each year. (a) How much is in the account at the end of the first year? (b) How much is in the account at the end...
Watch the video and then solve the problem given below You are considering a loan with an annual rate of 8%. The mortgage is $130,000 with 180 monthly payments of $1242.35 for 15 years. Complete the first two months of the amortization table. (Simplify your answers. Round to the nearest cent as needed.) Payment number Interest payment Principal payment Balance of loan
Watch the video and then solve the problem given below You are considering a loan with an annual...
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