Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If $4,500 is invested in a mutual fund with an interest rate of 9.5% that is compounded monthly, how much will the mutual fund be

image text in transcribed

If $4,500 is invested in a mutual fund with an interest rate of 9.5% that is compounded monthly, how much will the mutual fund be worth after 8 years? Be sure to round into two decimal places.

Long-Term Investments This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2014.?

CountryU.S.JapanGermanyAustraliaBrazil
Yield2.5%0.5%1.0%3.5%4.2%

If you invest $10,600 in the United States, and the interest is compounded monthly, when, to the nearest month, will your investment be worth $30,000?

Use the table of values below to estimate, for the given value of a, each of the following if they exist. (If an answer does not exist, enter DNE.)

a = 0

x?0.1?0.01?0.001?0.000100.00010.0010.010.1

f(x)

20.0303

?2.00303

?2.0003

?2.00003

0

2.00003

2.0003

2.00303

2.0303

(a)

limx?a?f(x)

(b)

limx?a+f(x)

(c)

limx?af(x)

(d)

f(a)

(if it is defined)

Use the table of values below to estimate, for the given value of a, each of the following if they exist. (If an answer does not exist, enter DNE.)

a = ?4

x?4.1?4.01?4.001?4.0001?4?3.9999?3.999?3.99?3.9

f(x)

?1.12?11.12?111.12?1,111.12?0.00003?0.00031?0.00311?0.03111

(a)

limx?a?f(x)

(b)

limx?a+f(x)

(c)

limx?af(x)

(d)

f(a)

(if it denfined )

image text in transcribed

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

Fundamentals Of Number Theory

Authors: William J LeVeque

1st Edition

0486141500, 9780486141503

More Books

Students also viewed these Mathematics questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago