The balance A (in dollars) in a savings account is given by A-7000ec, where t is measured in years. Find the rate at which the balance is changing when t = 1 year, t = 10 years, and 50 years. (Ro...
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...
10)-in(s) 251a The success of the iPod has raised the price of Apple stóck significantly. The rate of S(t) 99e dollars per year where t is the number of years since 2010. The total of increase is $200 in 2012. Find the total increase in 2015. (You have to show work in order to get any credit.) Round to two decimal places if necessary 0.33r Ctrl Alt 10)-in(s) 251a The success of the iPod has raised the price of Apple...
Miguel deposits 4400 dollars in an account, and 6 years later the account balance is 8400 dollars. If interest is compounded monthly, what is the rate of interest per month? Round your answer to two decimal places where necessary.
Determine the amount of money in a savings account at the end of 10 years, given an initial deposit of $5,500 and a 12 percent annual interest rate when interest is compounded: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Future Value a. Annually b. Semiannually c. Quarterly
On January 1, 2016, you deposited $6,600 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 4 years? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answers...
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 = 2.5%, t = 20 years A 365 Continuous compounding
On January 1, 2018, you deposited $5,700 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 5 years? 2. What is the total interest for the 5 years? 3. How much interest revenue did the fund earn in 2018 and in 2019? Complete this question by entering...
On January 1, 2016, you deposited $7,000 in a savings account. The account will earn 9 percent annual compound interest, which will be added to the fund balance at the end of each year. 1. What will be the balance in the savings account at the end of 9 years? (Use appropriate factor(s) from the tables provided. Round your final answers to 2 decimal places.) Balance in the savings account> 2. What is the total interest for the 9 years? (Use...
help with part b Let f(t) be the balance in a savings account at the end of t years and suppose y f(t) satisfies the differential equation y' 0.05y - 10,000. (a)Suppose that after one year the balance is $180,000. Is the balance increasing or decreasing at that time? At what rate is it increasing or decreasing at that time? (b)Write the differential equation in the form y k(y M) (c)Describe the differential equation in words. (a) The balance is...
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...