A sum of $1500 is deposited in an account with an interest rate of r percent per
Question:
A sum of $1500 is deposited in an account with an interest rate of r percent per year, compounded daily. At the end of 5 years, the balance in the account is given by
Find and interpret the rate of change of A with respect to r for the following interest rates.
(a) 6%
(b) 8%
(c) 9%
Transcribed Image Text:
A = 1825 1500(1+36,500)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
dAdr is the rate of change of A with respect to r a For r ...View the full answer
Answered By
Sarfraz gull
have strong entrepreneurial and analytical skills which ensure quality tutoring and mentoring in your international business and management disciplines. Over last 3 years, I have expertise in the areas of Financial Planning, Business Management, Accounting, Finance, Corporate Finance, International Business, Human Resource Management, Entrepreneurship, Marketing, E-commerce, Social Media Marketing, and Supply Chain Management.
Over the years, I have been working as a business tutor and mentor for more than 3 years. Apart from tutoring online I have rich experience of working in multinational. I have worked on business management to project management.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
1. Quarterly payments of $500 are deposited in an account that pays 8%, compounded quarterly. How much will have accrued in the account at the end of 4 years if each payment is made at the end of...
-
Compute the amount of money that, deposited in an account on April 1, 2015, will grow to $657.58 by September 10, 2015, at 4.75% p.a.
-
Compute the amount of money that, deposited in an account on April 1, 2017, will grow to $657.58 by September 10, 2017, at 4.75% p.a.
-
The common stock of Fido Corporation was trading at $45 per share on October 15, 2010. A year later, on October 15, 2011, it was trading at $80 per share. On this date, Fidos board of directors...
-
Describe some ways in which technology might be used to ensure that computer users signing contracts with e-signatures are in fact the persons they are representing themselves to be.
-
1. What are some of the challenges that MNCs face as far as intellectual properties are concerned? 2. What are some of the environmental challenges MNCs face? 3. How information technology can assist...
-
For the two-dimensional system of compressible flow equations in Problem 1, write the complete MacCormack scheme of the second order in space and time. Follow the rules described in Section 9.2.2 to...
-
Lowell Companys manufacturing overhead budget for the first quarter of 2014 contained the following data. Actual variable costs were indirect materials $13,900, indirect labor $9,500, utilities...
-
The table below shows the expected rates of return for three stocks and their weights in some portfolio: Stock A Stock B Stock C Portfolio weights 0.3 0.2 0.5 State Probability Expected returns...
-
If a distribution is bimodal, explain why a frequency histogram would make the distribution appear unimodal if a large enough class width is used. Should such a class width be used? Explain.
-
Assume that a demand equation is given by q = 5000 - 100p. (a) Find the revenue function, R(q), and the marginal revenue function, R(q). (b) Find and interpret the marginal revenue for q = 500 units....
-
A friend concludes that because y = ln 6x and y = ln x have the same derivative, namely dy/dx = 1/x, these two functions must be the same. Explain why this is incorrect.
-
A proton moves through a uniform electric field given by E = 50.0j V/m and a uniform magnetic field B = (0.200i 2 0.300j 2 0.400k) T. Determine the acceleration of the proton when it has a velocity v...
-
Directions: you must answer ONE the questions below by the deadline. Your post must be 8 sentences or more. Questions: What are the financial implications related to the key ideas that are discussed...
-
A company manufactures a single product. In the first year of operations, the company produced 3,200 units and sold 2,950 units. The variable costing net operating income was $146,100 and total fixed...
-
Mama Corporation is a distributor of sun umbrella used at resort hotel. The data are as follows: Selling Price Variable Expenses Fixed Expenses Unit sales Required: 25 per unit 15 per unit 8,500 per...
-
A company manufactures equipment and has identified the following ABC cost pools and associated information: Cost Pool Activity Measure Activity Rate Customer orders number of orders $ 3 8 / order...
-
Mugi's last stock price is $36. The stock has a volatility of 50%. The risk free rate is 3.5%. There are call and put options with six months maturity and with $45 exercise price. Assume the company...
-
A highly oxidized and uneven round bar is being turned on a lathe. Would you recommend a relatively small or large depth of cut? Explain your reasons.
-
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
-
Let and let O be the 2 2 zero matrix. Show that each statement is true. For square matrices A and B of the same dimension, if AB = O and if A -1 exists, then B = O. d
-
Work each problem. Prove that any square matrix has no more than one inverse.
-
Work the problem. Give an example of two matrices A and B, where (AB) -1 A -1 B -1 .
-
A proof of cash Blank______. Multiple select question. reconciles the bank balance, bank reports of cash deposited and paid general ledger entries is used to discover unrecorded cash transactions is...
-
Per FAR 42.701, provisional rate or billing rate is an established temporary indirect rate applicable to a specified period (fiscal year) for the purpose of allowing interim reimbursement of incurred...
-
The details of transactions between the company and its owners' family members do not need to be disclosed separately in the notes to the financial statements. Group startsTrue or False
Study smarter with the SolutionInn App