Find the accumulated amount А И the principal p is invested at the interest rate of...
Find the accumulated amount A if the principal Pis invested at the interest rate of r/year for tyr. (Use a 365-day year. Round your answer to the nearest cent.) P = $230,000,- 7%, t = 5, compounded daily A=$ X Need Help? Read it Talk to a Tutor Submit Answer DETAILS [0/0.1 Points] PREVIOUS ANSWERS TANAPMATHS 4.1.021. PRACTICE ANG MY NOTES Find the effective rate corresponding to the given nominal rate. (Round your answer to two decimal places.) 12%/year compounded...
Find the missing interest earned. Principal Rate Compounded | Time Final Amount Compound Interest $12256 % quarterly 5 years $1649.90 The amount of compound interest earned is $|| (Round to the nearest cent as needed)
an account at an interest rate r compounded conltinuously, then the amount A (caled the future value of P) in the account t years from now wil be A P Solving the equation for P, we get PrAcft, In this formulation, Pis called the present value of the investment. (a) Find the present value of $400,000 at 6% compounded continuously for 25 years (b) Find the interest rate compounded continuously that is needed to have $40,000 be the present value...
a) Complete the table to determine the balance A for P dollars invested at rate r for t years, compounded n times per year. (Round your answers to two decimal places.) P = $3500, r = 3.5%, t = 20 years n A 1 $ 2 $ 4 $ 12 $ 365 $ Continuous compounding $ B)Complete the table to determine the amount of money P that should be invested at rate r to produce a final balance of $120,000...
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 = $
Use the compound interest formula to compute the total amount accumulated and the interest earned. $2500 for 5 years at 5% compounded quarterly The total amount accumulated after 5 years is $ (Round to the nearest cent as needed.) The amount of interest earned is $ (Round to the nearest cent as needed.)
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
please answer correctly nt Use the compound interest formulas A=P and A=Pento solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% if the money is a compounded semiannually; b.compounded quarterly. c. compounded monthly, d. compounded continuously. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent. Do not include the $ symbol...
What amount will be accumulated in four years if $10,000 is invested today at six percent interest compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. You are scheduled to be paid $10,000 in four years. What amount today is equivalent to the $10,000 to be received in four years assuming interest is compounded annually at six percent? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. What...
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...