A certain loan program offers an interest rate of 4.5%, compounded continuously. Assuming no payments are made, how much would be owe years on a loan of $1800? Do not round any intermediate computations, and round your answer to the nearest cent.

Q: Find the nominal interest rate compounded daily that corresponds to an effective rate of 4 %- 4

A: Effective interest rate=1+rnn-1

Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 2 years is…

A: Amount , A= P(1+r/n)nt   where, P= the principle amount             r= rate of interest           t=…

Q: Find the present value (in dollars) of an annuity that pays $8,000 at the end of each 6-month period…

A: P = $8000 r = 8% = 0.08 t = 6 years n = 2 [Compounded semiannually] Therefore,

Q: Find the present value (in dollars) of an annuity that pays $5,000 at the end of each 6- month…

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Q: compounded

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Q: If $4,000 is invested at an interest rate of 5.7% per year, compounded quarterly, find the amount…

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Q: Assuming that you invest $13,000 in the United States, how long (to the nearest year) must you wait…

A: The formula for compound interest is, A=P1+r100n where, A is compounded amount P is the Principal…

Q: A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments…

A: you can clearly understand if you follow the below solution

Q: Find the time required for an investment of 4,000 dollars to grow to 6,000 dollars at an interest…

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Q: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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Q: If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

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Q: Find the amount of an annuity if $400/month is paid into it for a period of 20 years, earning…

A: Here we will going to use Continuous compounding formula for Future value of annuity

Q: A certain loan program offers an interest rate of 5.5%, compounded continuously. Assuming no…

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Q: If you retire at the age of 65 with $1,000,000 sitting in an account that pays 9% p.a interest…

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Q: at 10% compounded semiannually? 9. What are the future value and the interest earned if $3200 is…

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Q: If the interest is compounded quarterly, find the nominal rate at which P1,996 accumulates to P3,500…

A: Introduction :

Q: If 28100 dollars is invested at an interest rate of 10 percent per year, find the value of the…

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Q: Use Table 11-1 to calculate the compound amount (in $) on an investment of $5,500 at 10% interest,…

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Q: Find the present value of a $25,000 annual income stream if it is invested immediately as it is…

A: In the given problem the future value is 25000, the interest rate is 7% and the time period is 15…

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: The present value of the annuity is given by PV=P1-1+r-nr where P is the periodic payment, r is the…

Q: If $18,400 is invested at an interest rate of 8% per year, find the value of the investment at the…

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Q: If an IRA is a variable-rate investment for 25 years at rate r percent per year, compounded monthly,…

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Q: Suppose that you have children young, pay for their college expenses, and finally start saving for…

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Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: Jackson deposits $50 at the end of each month in a savings account earning interest at a rate of…

A: Saving plan Formula :F=PMT1+rnnt-1rnwhere F = future valuePMT = Periodic paymentr = annual…

Q: If Jackson deposits $180 at the end of each month in a savings account earning interest at a rate of…

A: Monthly Compounding:

Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

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Q: Find the present value of $10,000 if interest is paid at a rate of 9% per year, compounded…

A: A=P1+rnntFor compounded semiannually, n=2

Q: Find the present value. Round to the nearest cent.   To get $5600 after 6 years at 10​% compounded…

A: to find the present value we use the formula  PV=FV1(1+r)n     (1) where PV is the present value  FV…

Q: If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in…

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Q: Find the principal P that must be invested at rate of 8%, compounded monthly, so that $1,000,000…

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Q: Find the present value of a $45, 000 annual income stream if it is invested immediately as it is…

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Q: If the present value of a cash flow at an annual rate of interest of 4.5% is $30000, what is the…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: For an interest rate of 9% per year, compounded monthly, the effective monthly rate is closest to:

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Q: Find the amount of an annuity if $290/month is paid into it for a period of 20 years, earning…

A: Given,The investment made is $290 monthly, the rate of interest is 2% /year compounded continuously…

Q: If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of…

A: Given,  P = $80 R = 3% = 0.03 n= 12 t=4

Q: If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of…

A: According to the given informationAmount deposited (P) = $80Rate of interest (R) = 2% per annumTime…

Q: If Jackson deposited $400 at the end of each month in the saving account earing interest at the rate…

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Q: If 38900 dollars is invested at an interest rate of 5 percent per year, find the value of the…

A: Topic:- Algebra

Q: A) Annual : B) Semiannual: C) Quarterly

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Q: . An investment fund pays 12% per year, compounded monthly, on all money invested. How much must be…

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Q: The managers of a pension fund have invested $1.5 million in U.S. government certificates of deposit…

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Q: A certain loan program offers an interest rate of 8%, compounded continuously. Assuming no payments…

A: Given : rate of interest is 8% compounded continuously  Initial amount of loan is 1300 we need to…

Q: Find the principal P that will generate the given future value A, where A = $15,000 at 6% compounded…

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Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

A: Compound interest formula:

Q: Find the amount of an annuity if $250/month is paid into it for a period of 20 years, earning…

A: The amount of an annuity is A. The principal is P=$250/month. The time period is T=20 years. The…

Q: Find the principal P that will generate the given future value​ A, where A=​$12,000 at 8​%…

A: Use formula of compound interest.

Q: This type of calculation assumes the payment is to be done once a year while the compounding occurs…

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Q: A certain loan program offers a. Interest rate of 8% compounded continuously. Assuming no payments…

A: