73. Explain in your own words what the term compound interest means. What does continuous compounding mean?

Q: ABC University anticipates additonal expenses of P367,800.00 for a new equipment needed for offering…

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Q: How much money should be deposited in an acciunt today that earns simple interest 4% compounded…

A: We are given interest, r = 4%, t = 5 years and the final amount(A) = $10,000. Now, we need to find…

Q: 3. Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: From the given information, it is observed that P = $1000, r = 7.2% = 0.072, and t = 5 years. Note…

Q: 5. Suppose that $4100 is invested at 2.3 % compounded quarterly. How much will be in the account…

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Q: at  simple what interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A: Given Amount(A) = 25000 Principle(P) = 20000 Time(T) = 3years

Q: Capitec bank announced that their saving account would pay a nominal interest rate of 11% p.a…

A: The effective interest rate for a period is the interest paid for the specific amount of time or…

Q: Suppose you deposit $7000 at 3% interest compounded continously. Find the average value of your…

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Q: 4. Describe the difference between simple and compound interest.

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Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: What is the present value of an investment at 5% annual simple interest if it is worth $1250 in 18…

A:

Q: Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Given: Principle amount (P): $5,000 Rate of interest (R): 6% Time period (t): 5 years Compound…

Q: Explain in your own words what the term compound interest means. What does continuous compounding…

A: Compound Interest :                          Compound interest (or compounding interest) is the…

Q: Qu a Suppose $500 is initially placed in a savings account and $500 is deposited at the end of every…

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Q: Describe the difference between simple and compound interest.

A: We will find out the required solution.

Q: What is the initial value of an investment that has a value of $13,513.15 after 12 years at a 7%…

A:

Q: 9. Suppose that $20,000 is deposited into an account that earns 4% interest annually. Find the…

A: For this problem, principal amount is given as $20000, time t=10 years.

Q: What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years?…

A: We have to find the interest rate.

Q: VA family has $16,000 saved for college tuiton. They will'need $l04,000 for college expenses five…

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Q: Use the rule of 70 to estimate the years to double at an inflation rate of 4%.

A: Here, rate= 4

Q: Suppose an annuity pays 7.0% annual interest, compounded annually. If you invest $3,000 every year…

A: Consider the equation

Q: What interest rate would be necessary for $9,400 investment to grow to $13,200 in an account…

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Q: What is the formula for compounded interest and how do you work out a problem

A: The aim is to find the formula for compund interest and teh way to work out.

Q: 3. Which among the following is the present value of Php 40, 000 due in 6 years if money is worth…

A: we only solve one problem at a time so please submit them here one by one.

Q: Calculate the time needed on an investment of  $400,000 to gained                           an…

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Q: Determine how much time is requiredfor an investment to triple in value if interest is earned at the…

A: Let the initial amount be A0. Let At be the amount of money at a time t. According to the given…

Q: Suppose that a principal of $1000 accumulated to $1454 over a period of 5 years. Determine the…

A: The formula for compounded amount is given by, A=P1+R/n100nt  where, P: Principal value R: Rate of…

Q: The current price of silver is $206 per ounce. The storage cost is $1 ounce per year, payable…

A: Given: price of silverP=$206 per ounce, storage costC=$1 ounce per year, interest rater=9%…

Q: Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Amount=P1+r100tcompond quarterly t become t/4 and r become…

Q: Suppose you see a car with a car with an advertised price of $14,500 at $410.83 per month for 4…

A: Given, Advertised price $14,500 at $410.83 per month for 4 years.

Q: no given value so i was thinking of doing 1000? =3p a little confused

A: Take the present value as P, so the future value will become 3P. A(t) = P[1+r/n]nt P= present value…

Q: Suppose 20,000 is deposited into an account earning 205% annual interest. Find the balance at the…

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Q: You have an interest rate of 7.25% compounded 2 times per year on an investment. What percentage is…

A: We need to find percentage added per period.

Q: The Central Bank pays 3.6% compounded monthly on certain types of deposits. What is the effective…

A: The central bank pays 3.6% compounded monthly on certain types of deposits. We have to find the…

Q: Suppose Brianna invests $1,300 each year for 5 years, in an annuity that pays 6% annual interest,…

A: Given Suppose Brianna invests $1,300 each year for 5 years

Q: Suppose you have $4700 deposited at 4.65% compounded quarterly. About long will it take your balance…

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Q: What will a $190,000 house cost 6 years from now if the price appreciation for homes over that…

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Q: Suppose that inflation is 4% per year. How long will it take for prices to double?

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Q: Suppose you saw a sign at your local bank that​ said, ​"5.3​% rate compounded semiannually – 5.5​%…

A: Given the data :

Q: Suppose $2,000.00 dollars is invested in an account for 20 years. Find the value of the investment…

A: Suppose $2,000.00 dollars is invested in an account for 20 years. We have to find the value of the…

Q: Compare the final amounts at the end of a year of $100 invested at 5% in two ways: simple interest…

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Q: monthly

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Q: Should t be 20, because it is compounding interest and the number of compounding periods per year…

A: We are answered according to the original question.

Q: A retirement account is opened with an initial deposit of $8,500 and earns 8.12% interest compounded…

A: Given: A retirement account is opened with an initial deposit of $8,500 and earns 8.12%. t=20 years…

Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A: Given $8000.00 was invested in a savings account that paid 2.5% interest compounded quarterly.We…

Q: What is the total amount of money that you will owe at the end of 3 years if you borrow $3100 for 3…

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Q: What interest will be earned if $6,500 is invested for 5.5 years at 4.25% interest compounded…

A: Given: The amount invested is $6,500 The time in years is 5.5 years The rate of interest is 4.25%

Q: Approximately how long will it take Php 1,000 to accumulate to atleast Php 1,200 at 13 1/2% simple…

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Q: Find how much should be invested to have $27,500 in 8 months at 6.7% simple interest.

A: From the given information. The total amount is $27500. The time period is 8 months. The annual rate…

Q: A couple plans to invest money into an account that earns 9% interest, compounded quarterly, for…

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Q: 2. Sonia invested P 2,100 and left it for 9 years where the time in which the principal was…

A: Given that Principal amount = 2100 Rate of interest = 8.5% (compounded annually) Time period = 20…