Finding the final amount in a word problem on continuous
A certain loan program offers an interest rate of 4% compound continuously . Assuming no payments are made, how much would be owed after two years on a loan of 2900?
Do not round any intermediate computations, and round your answer to the nearest cent.
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Finding the final amount in a word problem on continuous
A certain loan program offers an interest rate of 4%, compounded continuously. Assuming no payments are made, how much would be owed after two years on a loan of $2900?Do not round any intermediate computations, and round your answer to the nearest cent.$
please show answer before and after rounding Finding the rate or time in a word problem...
please show answer before and after rounding
Finding the rate or time in a word problem on continuous... Suppose that $1600 is initially invested in an account at a fixed interest rate, compounded continuously. Suppose also that, after four years, the amount of money in the account is $1766. Find the interest rate per year. Write your answer as a percentage. Do not round any intermediate computations, and round your percentage to the nearest hundredth. % per year х 5...
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A certain loan program offers an interest rate of 4%, compounded continuously. Assuming no payments are made, how much would be owed after two years on a loan of $2900?Do not round any intermediate computations, and round your answer to the nearest cent.$
please show answer before and after rounding
Finding the rate or time in a word problem on continuous... Suppose that $1600 is initially invested in an account at a fixed interest rate, compounded continuously. Suppose also that, after four years, the amount of money in the account is $1766. Find the interest rate per year. Write your answer as a percentage. Do not round any intermediate computations, and round your percentage to the nearest hundredth. % per year х 5...
10 11 2 X3 The Chens are saving up to go on a family vacation in 2 years. They invest $2400 into an account with an annual interest rate of 1.15% compounded quarterly. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. ? D (a) Assuming no withdrawals are made, how much money is in the Chens' account after 2 years?...
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What is the present value of a $500 perpetuity if the interest rate is 6%? If interest rates doubled to 12%, what would its present value be? Round your answers to the nearest cent. Present value at 6%: $ Present value at 12%: $ You borrow $85,000; the annual loan payments are $11,339.91 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. You have saved $5,000 for a down payment on...
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