Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use one of the following formulas: I = PV rt; FV = PV (1+rt); FV = PV(1+i); FV = PVe; FV = PMT (1+i) -1
Use one of the following formulas: I = PV rt; FV = PV (1+rt); FV = PV(1+i)"; FV = PVe"; FV = PMT (1+i)" -1 ; PV = PMT | 1-(1+1) ; PMT= PVi B i 1-(1+i)' Kimberly invested $3,681 at 4% interest compounded continuously. How long would it take for the investment to grow to $7,362? . . . O A. In (2) t= . 0.04 O B. 7,362 t= In 1 + 0.04 O C. In (2) t= 0.04 12 1+ 12 OD. 2 t = In 0.04 O E. 7,362 t = 0.04Use one of the following formulas: m I = PV it; FV= PV(1 + rt); FV= PV(1 + i)"; FV=PVert; IF= + - 1; m PV i 1 - (1+ i ) (n FV = PMT PMT = - B = PMT - n N. 1 - (1+ i) Find the amount that should be invested now to accumulate $3,000, if the money is compounded at 5% compounded semiannually for 9 yr. Round to the nearest cent. . . . O A. $1,923.50 O B. $4,678.98 O C. $2,853.69 O D. $1,076.50 O E. $1,933.83Use one of the following formulas: I = PV rt; FV = PV(1+rt); FV = PV(1+ i)"; FV = PVe"; FV = PMT (1+i)" -1 ; PV = PMT 1-(1+i)-" PVi PMT = 1-(1+i)' If Bob deposits $5000 at the end of each year for 5 years in an account paying 4% interest compounded annually, find the amount he will have in the account at the end of 5 years. O A. $27,081.61 O B. $21,232.32 O C. $33, 164.88 O D. $26,000 O E. $22,081.61The cost of producing x printers is given by 000 = 325x + 2,300,000. The average cost function is 325x + 2.300.000 _ _ _ 00:) = +' Find and Interpret the honzontal asymptote for the graph of the average cost function. 0 A. Horizontal Asymptote: y = 325; The cost per printer approaches $325 as more printers are made. 0 B. The average cost function does not have a horizontal asymptote. O C. Horizontal Asymptote: x = 325; When 325 printers are made, the cost per printer is at a minimum. 0 D. Horizontal Asymptote: x = 0; The cost per printer approaches $0 as more printers are made. 0 E. Horizontal Asymptote: y = 0; When 0 printers are made, the cost per printer is at a minimum. The table below cross classies the price of 491 stocks in a particular stock exchange, with whether the earnings per share ratio was positive or not. Use the data in the table to nd the probability that the price of the stock is less than $50 and the earnings per share ratio is negative or 0. Earnings per Share Price of Stock Negative or 0 Positive 0-$49.99 121 50.00-$99.99 190 100.00 or higher 137 E) Setup an equation to nd the probability of the event occurring. Choose the correct answer below. 26+121 +13 + 4 491 _ 26 26+13+4 O A. P(E) = O B. P(E) 26 +121 491 26 O D. P(E): W 26 O E. P(E): m 0 c. P(E) =
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