2,3,4 ANSWER question a,b,c, Please show your steps/calculations and understanding steps by steps. All the answers must be written in decimal places with 2 EXACT decimals of precision. A.  (Bank Of carleton) offers you a savings account with an interest rate of 6.3% which will be composed 11 times a year. If you invest $280,000 for 23 years, then calculate the capitalized value of your investment.   b.bank of carleton Offers you a savings account with an interest rate of 5.1% which will be composed continuously. If you invest $149,000 for 29 years, then calculate the capitalized value of your investment.   c. Bank of carleton Offers you a savings account with an interest rate of 9.25% which will be composed 18 times a year. If you plan to withdraw $1,000,000 in 24 years, then calculate the current value of your investment.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
Question

2,3,4

ANSWER question a,b,c,

Please show your steps/calculations and understanding steps by steps. All the answers must be written in decimal places with 2 EXACT decimals of precision.

A. 

(Bank Of carleton) offers you a savings account with an interest rate of 6.3% which will be composed 11 times a year. If you invest $280,000 for 23 years, then calculate the capitalized value of your investment.

 

b.bank of carleton Offers you a savings account with an interest rate of 5.1% which will be composed continuously. If you invest $149,000 for 29 years, then calculate the capitalized value of your investment.

 

c. Bank of carleton Offers you a savings account with an interest rate of 9.25% which will be composed 18 times a year. If you plan to withdraw $1,000,000 in 24 years, then calculate the current value of your investment.

 

 

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