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q.1 Use the compound interest formula to find the future value A for the following values. P = $1,000 i = 0.047 n = 20
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Use the compound interest formula to find the future value A for the following values. P = $1,000 i = 0.047 n = 20 . . . A = $ (Round to the nearest cent.)Use the compound interest formula to find the present value P, for the following given values. A = $22,900 i = 0.05 n = 80 . . . P = $ (Round to the nearest cent.)Use the continuous compound interest formula to find the indicated value. P = $6,000; r = 7.16%; t = 6 years; A = ? . . . A = $ (Round to two decimal places as needed.)Use the continuous compound interest formula to find the indicated value. A = $5,700; r = 9.66%; t = 12 years; P = ? . . . P = $ (Round to two decimal places as needed.)Use the continuous compound interest formula to find the indicated value. A = $77,000; P = $62,744; r = 6.3%; t = ? . . . t = years (Do not round until the final answer. Then round to two decimal places as needed.)Use the continuous compound interest formula to find the indicated value. A = $19,712; P =$12,700; t= 60 months; r =? r= % (Round to three decimal places as needed.)Given the rate per compounding period, find r, the annual rate. 2.45% per half-year r= % (Round to three decimal places as needed.)Given the rate per compounding period, find r, the annual rate. 0.475% per month r= % (Round to three decimal places as needed.)Given the rate per compounding period, find r, the annual rate. 2.35% per quarter r= % (Round to three decimal places as needed.)If $200 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount after 5 years? How much interest is earned? (:> (A) If it is compounded annually, what is the amount? $|:| (Round to the nearest cent.) If $13,000 is invested at 6% compounded quarterly, what is the amount after 6 years? The amount after 6 years will be $|:|. (Round to the nearest cent.) If $7000 is invested at 5% compounded continuously, what is the amount after 5 years? The amount after 5 years will be $|:|. (Round to the nearest cent.) An investment company pays 5% compounded semiannually. You want to have $18,000 in the future. CI) (A) How much should you deposit now to have that amount 5 years from now? $ 14,061.57 (Round to the nearest cent.) (B) How much should you deposit now to have that amount 10 years from now? $|:| (Round to the nearest cent.) What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.81% compounded monthly? (B) 4.82% com pounded quarterly? E (A) What is the annual percentage yield (APY) for money invested at an annual rate of 4.81 % compounded monthly? The APY is D%. (Type an integer or decimal rounded to three decimal places as needed.) What is the APY for money invested at each rate? (A) 5% compounded semiannually (B) 3% compounded continuously E (A) APY= |:|% (Round to three decimal places as needed.) How long will it take $3,000 to grow to $25,000 if it is invested at 7% compounded monthly? E D years (Round to the nearest tenth of a year.)Step by Step Solution
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