Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi there, I am really stressed out and need help with these questions. Any of the pictures with answers came back as incorrect answers. Please

Hi there,

I am really stressed out and need help with these questions. Any of the pictures with answers came back as incorrect answers. Please help. If you can add the final answer then explanation that would be great!!

  1. image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Find the future value of the following investment. Nominal Frequency of Principal Rate Conversion Time $2600.00 6.5% annually 6 years The future value is $ 18,365.69186 . (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Find the future value of and the compound interest on $1000 invested at 4.3% compounded semi-annually for parts (a) through (c). (a) 3.5 years (b) 10 years (c) 12 years (a) The accumulated value is $ 7,468.031113 . (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Find the present value and the compound discount of $5030.09 due 4.5 years from now if money is worth 5.7% compounded monthly. The present value of the money is $ 274,493.7395 . (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Find the present value and the compound discount of $4000 due in seven years and six months if interest is 8.8% compounded quarterly. The present value is $|:|. (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A loan of $4200 is due in 5 years. If money is worth 4.2% compounded annually, find the equivalent payments that would settle the debt at the times shown below. (a) now (b) in 2 years (c) in 5 years (d) in 10 years (a) The equivalent loan payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A debt of $3063.27 is due November 1, 2022. What is the value of the obligation on May 1, 2017, if money is worth 9% compounded semi-annually? The value of the obligation is $D. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra Graphs and Models

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

5th edition

321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405

More Books

Students also viewed these Mathematics questions