In each of the following compound interest equations with t representing the account term, determine the number
Question:
In each of the following compound interest equations with t representing the account term, determine the number of times the account is compounded per year and the interest rate percent.
a. 2254 5 2000(1.002)12t
b. 244.04 5 200(1.01)2t
c. 6900 56000(1.006)6t
d. 15669.93510000(1.00375)12t
e. 268.57 5100(1.025)2t
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
a Compounded ...View the full answer
Answered By
Brian Otieno
I'm Brian , an experienced professional freelancer with countless hours of success in freelancing many subjects in different disciplines. Specifically, I have handled many subjects and excelled in many disciplines. I have worked on many Computer Science projects and have been able to achieve a lot in that field. Additionally, I have handled other disciplines like History, Humanities, Social Sciences, Political science, Health care and life science, and Religion / Theology. My experience generally in these subjects has made me able to deliver high-quality projects in a very timely fashion. I am very reliable at my job and will get the work done in time, no matter what. In Addition, I have managed to ensure that the work meets my client's expectations and does not cause an error. I am a hard-working and diligent person who is highly responsible for everything I do. Generally, Freelancing has made me more accountable for doing my job. Additionally, I have had a passion for writing for the last seven years in this field.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
Determine the filing status in each of the following situations: a. Angela is single for most of the year. She marries Tim on December 30. b. Earl is divorced during the current year. Their son lives...
-
Determine Ms. As filing status in each of the following independent cases: a. Ms. A and Mr. Z have been living together since 2013. They were married on December 13, 2015. b. Ms. A married Mr. P in...
-
Account for all the electrons in each of the following species, assuming sp3 hybridization of the second-row element in each case. Which electrons are found in sp3-hybridized orbitals? Which are...
-
Name each of the following compounds using R,S and E,Z (Section 3.5) designations where necessary: a. b. c. d. e. f. g. h. CH2CH3 H- CH3 H2CH C-C C-C CI Br CH,CH CH-CH,CH,CH, - H3C CH2CH2l CH2CH...
-
Consider the following exotic option whose payoff at maturity is given by the square root of the stock price less the strike price if it has a positive value, zero otherwise: max[ S(2) K,0]. Using...
-
Why would a miniaturized fuel cell require a liquid rather than a gaseous fuel?
-
E 14-4 Buildings remeasurement effect Singa Company of Singapore is a 100 percent-owned subsidiary of PT Keraton, an Indonesian firm, and its functional currency is the Singaporean dollar. The...
-
In which stage of the industry life cycle would you place the following industries? a. Oil well equipment. b. Computer hardware. c. Computer software. d. Genetic engineering. e. Railroads.
-
The current balance in the cash account of Williams Company is $956. Which of the following figures, if included on the trial balance as the cash account balance, would represent a transposition error
-
Draw a Kuhn tree to match the following verbal description: THE HIDDEN PEARL. There are two large drawers, filled with a clutter of miscellaneous objects. Player I bides a pearl in one of them Player...
-
Jackie deposited a $865.98 paycheck, a $623 stock dividend check, a $60 rebate check, and $130 cash into her checking account. Her original account balance was $278.91. Assuming the checks clear, how...
-
Jimmy invests $4,000 in an account that pays 2% annual interest, compounded semi-annually. What is his balance, to the nearest cent, at the end of 10 years?
-
Describe and graph the regions in the first quadrant of the x 1 x 2 -plane determined by the given inequalities. x 1 + x 2 2 3x 1 + 5x 2 15 2x 1 + x 2 -2 -x 1 + 2x 2 10
-
Question (4) seen, 20 vehicles/km moving at 100 km/h and 30 vehicles/km traveling at 120 km/h. Two successive videos showing stationary traffic on the road were examined. Two groups of platoons were...
-
?In civil engineering, what is the main use of a slump test in concrete technology?
-
Explain the process of compression resin transfer molding(CRTM)?in composite manufacturing. What are the benefits of using CRTM for producing composite structures?
-
Explore the role of post-occupancy evaluation in commercial and industrial architecture. How do architects use feedback from building users to improve future designs?
-
Discuss the principles of geotechnical engineering in slope stability analysis. How can engineers assess slope stability, mitigate landslide risks, and design effective stabilization measures to...
-
Locate the critical points of the following functions. Then use the Second Derivative Test to determine (if possible) whether they correspond to local maxima or local minima. f(x) = e x (x - 7)
-
Find the inverse, if it exists, for the matrix. -1
-
Katrina is single with a taxable income for last year of $75,431. Her employer withheld $14,870 in federal taxes. a. Use the tax table from Example 2 in Lesson 7-4 to determine Katrina's tax. b. Does...
-
Oscar is single with a taxable income for last year of $75,555. His employer withheld $16,381 in federal taxes. a. Use the tax table from Example 2 in Lesson 7-4 to determine Oscar's tax. b. Does...
-
Tony is paying off a car loan. The monthly payment is $211.28. He is hoping to receive an income tax refund that is large enough to make one monthly payment. His tax is $1,722 and his employer...
-
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
-
The following are the information of Chun Equipment Company for Year 2 . ( Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated. ) Salaries...
-
Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system. Beginning inventory, January 1, 2018 1,250 units...
Study smarter with the SolutionInn App