Answered: A business owner receives a $5,000 loan…

A business owner receives a $5,000 loan with 13% interest, charged at the end of each year. Which growth factor is used to calculate the loan amount after 5 years? 13

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 6GP

See similar textbooks

Related questions

Q: Melissa took out a $40,000 student loan with a fixed interest rate to pay for college. Melissa did…

Q: 4. A house cost $185,500 in 2000. By the year 2015, the value was $132,000. What was the growth rate…

Q: [Consumers Mathematics: Accumulation Factor Method ] Karen deposited P 12500 in savings bank on…

A: Consider the given informationDeposit amount P = 12500Rate of change R = 6% compounded quarterlyTime…

Q: 1. I put $500 in the stock market and it is supposed to grow, on average over time, about 7%…

A: Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: or which year, the percent increase of gold reserves over the previous year is the highest? a)…

Q: What is the value of an investment(now) that will be worth $2,000 at the end of five years? Assume…

A: Note: Hey there! Thank you for the question. As we do not have access to the TVM solver of the…

Q: 11. A couple bought some stock for $30 an annual dividend of $0.90 per share. After 2 years, S the…

A: Given that a couple bought some stock for $30 per share that pays an annual dividend of $0.90 per…

Q: 3 Allen opens a retirement savings account with an Initial deposit of $5,000. He makes annual…

Q: Finance. Suppose that $3,800 is invested at 3.4% annual interest rate, compounded monthly. How much…

A: Given, Principal = p = $ 3800Rate of interest = r = 3.4 % annually , compounded monthly We have to…

Q: 2. Jade invested money in an account that paid interest of 8% per year, compounded semi-annually,…

Q: In the table below, P represents the initial investment. Complete the table below giving the amount…

A: The compound Amount can be calculated by-

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

A: For the given amount of $30,000 if depreciated 5.45% in the first 8 months the investment be worth…

Q: 7. Holden borrowed $450 from his sister and 8 months later paid her $550. If interest was compounded…

Q: O 4. You decide to invest $250 in an account that yields a return of approximately 4% each year.…

A: Given that: an investment was made of $250 with interest of 4% per annum for 15 years. To find:…

Q: 3a. Inflation is expected to average 2.4% per year for the next 44 years. How much money will be…

A: Given that,Inflation is expected to average 2.4% per year for the next 44 years.The money required…

Q: 14. The population of Bogabongan, Leon Postigo was 3,810 in 2006, and is growing at an annual rate…

Q: Danielle took out a $34,000 student loan with a fixed interest rate to pay for college. Danielle did…

A: Consider the given: Danielle took out a $34,000 student loan with a fixed interest rate to pay for…

Q: An investment grew by 4% in the first year, 6% in the second year and 10% in the third year with…

A: Annual average growth rate is calculated as sum of each year growth rate divided by the number of…

Q: Mr. Banker loans money at an APR of 20 percent. Interest is compounded monthly. What is the actual…

Q: How much does Samantha need to invest today to have $35000 in 10 years, if she invests her money at…

Q: Stocks in a certain industry depreciated by 5.9% in the first 5 months of 1993. Assuming that this…

A: The formula for the amount of depreciation is given by A=V1-rn where A is the amount of…

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

Q: Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. What is the…

A: Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. We need to find…

Q: An advertisement of an investment firm states that if you invest P500 in their firm today you will…

A: Given, An advertisement of an investment firm states that if you invest P500 in their firm today you…

Q: 3. You invest $750 at 6% per annum at a bank that pays compound interest. a) How much compound…

Q: Jerry is contemplating the purchase of 100 shares of a stock selling for $25 per share. The stock…

A: We have given

Q: What rate of interest compounded annually is the same as the rate of interest of 8% compounded…

A: . What rate of interest compounded annually is the same as the rate of interest of 8% compounded…

Q: A house was valued at $100,000 in the year 1988. The value appreciated to $175,000 by the year 2008.…

Q: 52 You are the loan shark. What is $1 worth after a year of continuous compounding at 1% per day?

A: To find $1 worth oafter a year of continuous compounding at 1% per day.

Q: A bank offers a money market account paying 8.5% interest compounded annually. A competing bank…

A: Given the query is to find the better option for investment.

Q: Natasha took out a $30,000 student loan with a fixed interest rate to pay for college. Natasha did…

A: NOTE: Refresh your page if you can't see any equations. . the loan amount is 30000 and after 9…

Q: Jerry is contemplating the purchase of 100100 shares of a stock selling for $ 23$23 per share. The…

A: Given:

Q: Stocks in a certain industry depreciated by 5.4% in the first 5 months of 1993. Assuming that this…

A: If rate of depreciation is r % per period Present value is P. Then depreciated value after n periods…

Q: Inflation If the average inflation rate is 2%, how long is It until purchasing power is cut in half?

A: Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Which account is a better investment? An account earning 6% simple interest An account earning 5.4%…

A: Let principle amount be $1000 on which interest is calculated. Also let time period be 1 year. Now,…

Q: Boost Mobile 12:19 AM C 95% Victoria deposited $9,000 in a savings account earning 6% interest,…

Q: a. If 1.14 is the 2-unit growth factor what is the 1-unit percent change? * % Preview b. If 0.645 is…

A: Given that -

Q: 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 For which year, the percent increase…

Q: 5. Does the table below show an example of simple interest or compound interest? Justify your…

A: The basic understanding of simple and compound interest is necessary in order to get this problem.

Q: Money deposited in a fund triples every 8 years. If the bank compounds the interest continuously,…

Q: Sam invests $2,000 in an account with an interest rate of 6.7% compounded annually for 3 years. What…

Q: Which term refers to the capital or the sum of money invested? Final Amount Interest Principal…

A: These terms are related to compound Interest. Compound Interest Compound interest is computed on…

Q: 8. Amanda invests some money for her retirement. The account pays 9%/a compounded quarterly. How…

A: I have stated the used formula in the solution

Q: Section 3.2 (23) You $1000 deposit in an account at the Lifelong Trust Savings and Loan that pays 6%…

A: Consider the given data in question. As per the question, amount is compounded quarterly for 4 years…

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A: I am going to solve the given problem by using some simple calculus to get the required result.

Q: the timeline below to help you! An employee is planning to retire in 10 years. To plan for this…

A: kooda

Q: 3. Mona needs a loan of $7500 for 6 years. a. How much interest will each plan charge? Plan A: 10%…

Q: Liz decides to save money to buy an electric car. She invests $500 every 6 months at 6.8% per annum…

A: This question is based on compounding formula.

Question

A business owner receives a $5,000 loan with 13% interest, charged at the end of each year. Which growth factor is used to calculate the loan amount after 5 years?