Use the formula for simple interest, I = Prt, to find the indicated quantity 1 =...
Use the formula for the amount, A = P(1 + rt), to find the indicated quantity. P = $3,500; r = 10%; t= 1 quarter; A = ? A= $ (Type an integer or a decimal.) Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A = $7000.00, r = 14.0%, t = 39 weeks (Round to the nearest cent.) The principal Pis borrowed and the loan's...
Given the simple interest formula, I = Prt, solve for t
Simple interest is given by the formula A=P+PrtA=P+Prt. Where AA is the balance of the account after tt years, and PP is the starting principal invested at an annual percentage rate of rr, expressed as a decimal. Keegan is investing money into a savings account that pays 4% simple interest, and plans to leave it there for 20 years. Determine what Keegan needs to deposit now in order to have a balance of $50,000 in his savings account after 20...
Score: 0 of 1 pt X 10.2.19 Use the simple interest formula to determine the missing value. p = $1775, r= ?,t = 2 years, i = $49.70 % (Do not round until the final answer. Then round to one decimal place as needed.)
5. Use the formula 4 = P(1 +rt) to calculate the maturity value of the simple interest loan when P= $3400 r6.6% and2 months Answer: 6. Calculate the simple interest rate when P $3600, I= $160 and4months. Round to the nearest hundredth.
Use the t-distribution table to find the critical value(s) for the indicated alternative hypotheses, level of significance a, and sample sizes n, and ny. Assume that the samples are independent, normal, and random. Answer parts (a) and (b). H:44 * 12. a *0.20, n = 6, n2 = 8 (a) Find the critical value(s) assuming that the population variances are equal. (Type an integer or decimal rounded to three decimal places as needed. Use a comma to separate answers as...
Use the future value formula to find the indicated value. FV = 4,000; i = 0.03; PMT = $800; n = ? (Round up to the nearest integer as needed.)
I am trying to calculate simple interest for an M115 college course online. To do this I take the formula I=Prt. So, to figure out this problem: Assume that an investment of $2000 earns an APR of 6% compounded monthly for 16 months. How much money is in your account after 16 months? I do this: 2000 × 0.06 × 1.33333= 159.9996 Then I add 2,000 That equals 2,159.9996 After I round up, I get 2,160 My computer program says...
Use the future value formula to find the indicated value. FV =9,000; i = 0.04, PMT = $600; n = ? n= (Round up to the nearest integer as needed.)
Use the t-distribution table to find the critical value(s) for the indicated alternative hypotheses, level of significance a, and sample sizes n, and ny Assume that the samples are independent, normal and random. Answer parts (a) and (b) H 1 *H2, a=0.02, n = 15, n2 = 8 (a) Find the critical value(s) assuming that the population variances are equal (Type an integer or decimal rounded to three decimal places as needed. Use a comma to separate answers as needed)...