Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve this as soon as possible my student id is 126733 and this should be the X please also answer for X amount of
please solve this as soon as possible
my student id is 126733
Instructions Calculate the total amount at the end of 3 years if the invested amount is $X with interest rate of 5% and compounding is done on daily basis. (Use your student number instead of X ) Calculate the total amount (principal + interest) at the end of 1st year (A1), and 3rd year (A3) respectively. What is the effective annual rate for one year? (R1) What is the total interest amount earned at the end of 1 year (I1) and 3 years (I3)? Find the values of A1,A3,I1,I3,R1. Give your detailed answered (showing all steps of the calculations as explained in the class) in a word document and attach it here in this Dropbox folder. Use your student # instead of $X Ex: Student # A00123456 $X=$123,456.00 Ex: Student # =A00126747 $X=$126,747 and this should be the X
please also answer for X amount of 124738
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started