Management wants to remodel the interior of a hotel and signs a note with proceeds of $333,733.85, a maturity value of $428,000, and a rate of 8% compounded quarterly. Find the length of the loan. Click here to view page 1 of the interest table for a 1.5% rate. Click here to view page 2 of the interest table for a 1.5% rate. Click here to view page 1 of the interest table for a 2% rate. Click here to view page 2 of the interest table for a 2% rate. The length of the loan is years. (Type an integer, proper fraction, or mixed number.) 1 A person deposits $49,000 in an account that has interest compounded semiannually. In 3 years the account contains $73,677.88. Find the interest rate paid. Click here to view page 1 of the interest table for 5% rate. Click here to view page 2 of the interest table for 5% rate. Click here to view page 1 of the interest table for 6% rate. Click here to view page 2 of the interest table for 6% rate. Click here to view page 1 of the interest table for 7% rate. Click here to view page 2 of the interest table for 7% rate. The interest rate per year is %. (Type a whole number.) Find the time, to the nearest year, that it would take for the general level of prices in the economy to become three times as high if the average annual inflation rate is 5%. Click here to view page 1 of the interest table for rate 2.5%. Click here to view page 2 of the interest table for rate 2.5%. Click here to view page 1 of the interest table for rate 5%. Click here to view page 2 of the interest table for rate 5%. Click here to view page 1 of the interest table for rate 6.5%. Click here to view page 2 of the interest table for rate 6.5%. The general level of prices would become three times as high in years. A person deposits $12,000 at 4% compounded quarterly. Three years after he makes the first deposit, he adds another $24,000, also at 4%, compounded quarterly. What total amount will he have 5 years after his first deposit? Click here to view page 1 of the interest table for rate 1%. Click here to view page 2 of the interest table for rate 1%. Click here to view page 1 of the interest table for rate 2%. Click here to view page 2 of the interest table for rate 2%. Click here to view page 1 of the interest table for rate 3%. Click here to view page 2 of the interest table for rate 3%. The total amount 5 years after the first deposit is $. (Round to the nearest cent as needed.)
