Rawan Ahmad & 01/06/21 6:29 PM Homework: Chapter 0 Homework - Math Review Score: 0 of 1 pt X Discounting Notes-1 (similar to) 6 of 8 (6 complete) Save HW Score: 62.5%, 5 of 8 pts A man has a simple discount note for $6,300, at an ordinary bank discount rate of 8.84%, for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent The effective interest rate is Question Help (Round to the nearest tenth of a percent as needed.) Score: 0 of 1 pt A 7 of 8 (6 complete) Save HW Score: 62.5%, 5 of 8 pts Question Help Compound Interest-1 (similar to) interest formula Find the future value and compound interest on $6,000 at 4% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Tabin or the future value and compound Future Value or Compound Amount of $1.00 Future value (Round to the nearest cent as needed.) Data Table Table Future Value or Compound Amount of $1.00 Rate per period Periods 1% 1.5% 2% 25% 3% 4% 5% 6% 8% 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 105000 1.065000 1.08000 2 3 4 5 1.02010 1.03023 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 1.03030 1.04568 1.06121 1.07689 1.00273 1.12486 1.15763 1.19102 1.25071 1.04060 1.06136 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049 1.05101 1.07728 1.10408 1.13141 1.15927 121665 1.27628 1.33823 1.46933 Table shows future value (FV) of $1.00 compounded for N periods at R rate per period Table values can be generated using the formula FV-51(1+R) Enter your answer in the answer box and then click Check Answer part remaining tv MacBook Air Clear Al Print Done W Chack Anawer Homework: Chapter 0 Homework - Math Review Score: 0 of 1 pt Present Value-1 (similar to) Find the amount that should be set aside today to yield the desired future amount Use the table Interest Compounding Investment Future amount needed rate $2.000 3% semiannually time 8 of 800 complete Definition Dinnon Save HW Score: 62.5%, 5 of 8 pts Question Help Chece 10 view age 1 of the table. Click here to view page 2 of the table Present value of $1.00 (1) Present value of $1.00 (page 2) The amount that should be set aside today is (Round to the nearest cent as needed.) Rate per period Periods t 4% 2 3 4 Rate per period $% 0% % 10% 0.00154 0.95238 0.94340 092590 0.90900 092456 0.00703 0 89000 085734 082045 088000 006384 083062 0.78383 0.75131 085400 082270 079209 07360308001 Periods 2 3 4 5 6 082103 0.78353 074726 068056 062092 079031 0.74622 0.70406 063017 0.56447 $ 7 6 9 10 11 12 075992 0.71068 0.66506 0.58349 0.51316 073069 067654 062741 054027 046651 070259 064401 0.59190 050025 0.42410 067556 061391 055839 046310 038654 064958 056468 052679 042688 0.35049 062400 0.55684 0.49607 0.30711 031063 9 10 11 12 13 13 060057 0.53032 0.46884 0.36770 0.28966 34 1% 15% 2% 2.3% 3% 0.00010 090522 098039 0.97561 097087 0.00000 007066 096117 095181 004200 097059 0.95632 094232 002860 0.91514 056090 004218 092365 090506 03049 0.05147 0.02826 090673 0.86385 006261 094206 091454 058797 0.86230 0.83745 083272 090103 087006 084127 081300 092348 088771 085340 082075 070041 091434 047459 083676 080073 076642 090529 086167 082035 078120 0.74409 089632 084893 080426 0.76214 0.72242 088745 083639 078849 0.74356 070136 087866 082403 077303 072542 068005 086096 001186 075788 070773 066112 14 15 057748 050607 0.44230 0.34046 0.26333 055526 0.48102 041727 031524 023030 15 086135 079986 074301 De9047 0.64186 18 0.85262 078800 0.72545 0.67362 062317 16 17 053391 045811 0.39365 0.29180 0.21763 051337 043630 037136 0.27027 0.10784 17 0.04438 077630 071416 0.65720 060500 18 0.83602 076491 070016 064117 0.58739 18 040063 0.41552 0.35034 0.25025 017986 19 19 20 047464 0.39573 0.33051 0.23171 016351 045639 0.37689 0.31180 0.21455 014854 20 082774 075361 060043 062553 0.67029 031954 074247 657297 061027 0.55308 Enter your answer in the answer box and then click Check Answer All parts showing Prie Dece Print Done W