Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show all work; very lost on this module Show all work to earn full credit. Give exact answers when possibie, or round to the

please show all work; very lost on this module
image text in transcribed
Show all work to earn full credit. Give exact answers when possibie, or round to the nearest thousandth if necessary. Totat possible points is 31 . 1. Determine the vatue of a $11,000 investrment after tho given time, inferest rate, and given compounding periods. (3 points etech) a) 4.5% APR compounded monthly for 75 years 1a b) 3,1\% APR compounded semiannually for 6 years and 3 months. 16 c) 5.7% APR compounded continuously for 18 months 10. 2. John decides to invest money for a new car. He knows he can invest at a 5,7% APR, compounded monthly, and would like to have $29,000 after 5 years. (3 points each) a) How much money will he need to invest to earn $29,000 in 5 years? 2a. b) Determine the APY (Annual Percent Yield) for the account. 2b. c) Determine the 5 -year percent change for the account. 2c. 3. Evaluate the given logarithms without a calculator. Show your work! ( 2 points each) a) log464+log48 3a b) 21log3813log381 3b

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

Forensics Audits And Dreaming

Authors: Helgard Petrus - Coetser

1st Edition

1664260250, 978-1664260252

More Books

Students also viewed these Accounting questions