Homework Answers
Answer - Simple Interest
Interest earned on principle only is a concept or background of simple interest methodology. In compound interest, interest is paid on interest (in addition to interest on principle).
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Interest earned only on an investment's principal or original amount is referred to as: compound interest...
When interest is paid on both the principal amount and prior interest earned, this is called:...
When interest is paid on both the principal amount and prior interest earned, this is called: simple interest accounting rate of return the discount factor compound interest
PLEASE SOLVE ITT Compare the interest earned by $10,000 for four years at 9% simple interest...
PLEASE SOLVE ITT
Compare the interest earned by $10,000 for four years at 9% simple interest with interest earned by the same amount for four years at 9% compounded annually Why does a difference occur Click the icon to view the interest and annuity table for discrete compounding when 9% per year. The simple interest earned is $ (Round to the nearest dollar.) The compound interest earned is $ (Round to the nearest dollar) There is a difference in the...
Find the missing interest earned. Principal Rate Compounded | Time Final Amount Compound Interest $12256 %...
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)
18 is the amount earned on a deposit that has become the part of the principal...
18 is the amount earned on a deposit that has become the part of the principal at the end of a specified time period. O Compound interest Primary interest nFuture value Discount interest
Compare the interest earned by $14,000 for three years at 6% simple interest with interest earned...
Compare the interest earned by $14,000 for three years at 6% simple interest with interest earned by the same amount for three years at 6% compounded annually Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when = 6% per year The simple interest eamed is _ (Round to the nearest dollar.) The compound interest sarned is S . (Round to the nearest dollar.) There is a difference in the amount...
14.Compound Interest hank account pays compound interest, it pays interest not only on the principal amount...
14.Compound Interest hank account pays compound interest, it pays interest not only on the principal amount that was deposited into the account, but also on the interest that has accumulated over time. Suppose you want to deposit some money into a savings account, and let the account earn compound interest for a certain number of years. The formula for calculating the balance of the account afer a specified namber of years is The terms in the formula are A is...
The principal represents an amount of money deposited in a savings account subject to compound interest...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. 5) 1.9tA= Pert Y= (1. :) - 1 Principal: $3500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $4865.38; interest earned: $673.82 amount in account: $4188.85; interest earned: $688.85 amount in...
In business finance, the original investment amount is often referred to as the: Group of answer...
In business finance, the original investment amount is often referred to as the: Group of answer choices interest present value principal cash flow
The principal represents an amount of money deposited in a savings account subject to compound interest...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Int A P A = Pert n nt 1 + 38) Principal: $10,000 Rate: 5% Compounded: semiannually Time: 5 years A) amount in account: $11,314.08; interest earned: $1314.08 B) amount in account: $12,762.82;...
CH5 Interest earned on both the initial principal and the interest reinvested from prior periods is...
CH5 Interest earned on both the initial principal and the interest reinvested from prior periods is called: Group of answer choices Interest on interest. Compound interest. Dual interest. Simple interest.
PLEASE SOLVE ITT
Compare the interest earned by $10,000 for four years at 9% simple interest with interest earned by the same amount for four years at 9% compounded annually Why does a difference occur Click the icon to view the interest and annuity table for discrete compounding when 9% per year. The simple interest earned is $ (Round to the nearest dollar.) The compound interest earned is $ (Round to the nearest dollar) There is a difference in the...
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)
18 is the amount earned on a deposit that has become the part of the principal at the end of a specified time period. O Compound interest Primary interest nFuture value Discount interest
Compare the interest earned by $14,000 for three years at 6% simple interest with interest earned by the same amount for three years at 6% compounded annually Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when = 6% per year The simple interest eamed is _ (Round to the nearest dollar.) The compound interest sarned is S . (Round to the nearest dollar.) There is a difference in the amount...
14.Compound Interest hank account pays compound interest, it pays interest not only on the principal amount that was deposited into the account, but also on the interest that has accumulated over time. Suppose you want to deposit some money into a savings account, and let the account earn compound interest for a certain number of years. The formula for calculating the balance of the account afer a specified namber of years is The terms in the formula are A is...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. 5) 1.9tA= Pert Y= (1. :) - 1 Principal: $3500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $4865.38; interest earned: $673.82 amount in account: $4188.85; interest earned: $688.85 amount in...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Int A P A = Pert n nt 1 + 38) Principal: $10,000 Rate: 5% Compounded: semiannually Time: 5 years A) amount in account: $11,314.08; interest earned: $1314.08 B) amount in account: $12,762.82;...
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