an account at an interest rate r compounded conltinuously, then the amount A (caled the future value of P) in the a...
For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the interest earned, and (c) the time to reach $17,000. $5300 at 3.6% a. The future value after 5 years is approximately $. (Do not round until the final answer. Then round to the nearest cent as needed.) b. The interest earned is. (Do not round until the final answer. Then round to the nearest cent as needed.) c. The...
Find the present value of $11,000 if the interest paid is at a rate of 10% compounded continuously for 2 years. The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the amount of money (Future Value) in an account where $3,300 is deposited (Present Value) at an interest rate of 6% per year compounded continuously and the money is left in the account for 12 years. The final amount is $ Round your answer to 2 decimal places
If $3500 is invested in an account earning 11% annual interest compounded continuously, then the number of years that it takes for the amount to grow to $7000 is In 2 0.11 Find the number of years The approximate number of years for the amount to grow to $7000 is years. (Do not round until the final answer. Then round to the nearest tenth as needed.)
13.1.37 Find the present value for the following future amount. $9880 at 4.5% compounded semiannually for 11 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the present value for the following future amount. $ 9780 at 4.5% compounded semiannually semiannually for 14 years. The present value is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years. The interest rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) Find the face value of the zero-coupon bond. 17-year bond at 5.4%; price $6000 The face value will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Find the face value of the zero-coupon bond. 20-year...
The function f(x) - 0 04x500 represents the rate of flow of money in dollars per year. Assume a 10-year period at 8% compounded continuously. Find (A) the present value and (b) the accumulated amount of money sowat 10 (A) The present value iss (Do not round until the final answer. Then round to the nearest cent as needed.) (B) The accumulated amount of money flow at 10 is $ (Do not round until the final answer. Then round to...
An amount of $1500 is invested at an interest rate of 7.8 % compounded continuously. What will the final value of this investment be after 30 years? The correct formula to calculate the final value is O A. P=1500 e -(0.078)(30) OB. P= 1500(1 +0.078,30 OC. P = 1500(1 +0.078) - 30 OD. P=1500 e (0.078(30) O E. None of the above The investment will be worth $ after 30 years. (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...