A certain loan program offers an interest rate of 5% compounded continuously assuming no payments are made how much would be on after four years on a loan of 1400? Do not round any intermediate computations and round your answer to the nearest cent.

Q: A couple who borrow $60,000 for 15 years at 6%, compounded monthly, must make monthly payments of…

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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: Suppose that $3200 is borrowed for five years at an interest rate of 3% per year, compounded…

A: We have given  Principal (p) = $3200 Time period (n)= 5 years  Interest rate (r) = 3% per year  We…

Q: How long will it take for a $5000 investment to grow to $6965 at an annual rate of 4.6%, compounded…

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Q: A fund of 25000 is to be accumulated by means of deposits of 1000 at the beginning of every year as…

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Q: A certain loan program offers an interest rate of 4.5%, compounded continuously. Assuming no…

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Q: The Armstrongs wish to establish a custodial account to finance their children's education. If they…

A: Given: The Armstrongs wish to establish a custodial account to finance their children's education.…

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: Lena wants to buy a bond that will mature to $6000 in eight years. How much should she pay for the…

A: Use compounded continuously formula

Q: Suppose that $2000 is invested at a rate of 3.3%, compounded monthly. Assuming that no withdrawals…

A: Given principal=$2000 r=3.3%

Q: Suppose that $1800 is borrowed for three years at an Interest rate of 6.5% per year, compounded…

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Q: At what interest rate compounded semi-annually will P15,000.00 accumulate to P25,000.00 in 10 years?

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Q: Find the present value of $51,673 due in 4 years at an interest rate of 6%/year compounded…

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Q: Suppose that $1800 is borrowed for three years at an interest rate of 9% per year, compounded…

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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: To help with a down payment on a home, Henry is going to invest. Assuming an interest rate of 1.65%…

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Q: A payment of $13,000 is due in 1 year and $11,600 is due in 2 years. What two equal payments, one in…

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Q: A payment of $16,000 is due in 1 year and $11,700 is due in 2 years. What two equal payments, one in…

A: A payment of $16000 is due in 1 year and $11,700 is due in 2 years. What two equal payments, one…

Q: How many year will it take for a 2000$ investment to grow to 2500$ at an annual rate of 12%…

A: We will use future value formula solved for period

Q: If you want to be paid from a 10-year ordinary annuity with a guaranteed rate of 4.012% compounded…

A: Given: Rate of interest compounded annually is 4.012% Total payment to receive is $7,000.00 Time =…

Q: find the amount owed after  4

A: Given: Initial amount ( p) = $2000  Interest rate (r )= 19.5 % Compounded monthly ( n) = 12

Q: Suppose that $2400 is borrowed for five years at an Interest rate of 7.5% per year, compounded…

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Q: Suppose that $1800 is borrowed for three years at an interest rate of 9% per year, compounded…

A: To solve the following problem while compounding continuously

Q: Salma deposited $2500 into an account with a 3% annual interest rate, compounded monthly. Assuming…

A: Given that  Salma deposited amount (P) = $2500 Annual interest rate (r) = 3% = 0.03 Final amount (A)…

Q: Find the present value of an annuity if $2,200.00 is paid to you at the end of every 2 months for 3…

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Q: At what simple interest rate per annum will ₱20,000 accumulate to ₱25,000 in 3 years?

A: Solution:-

Q: Suppose that $1200 is borrowed for five years at an interest rate of 6% per year, compounded…

A: Amount for a principalP, rate of interest R, Time t compounded continuously is given byA=Pert   ,…

Q: A company wants to have 40,000 at the beginning of each 6 month period for the next 4 1/2 years. If…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=40000 n=2 for semiannual…

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

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Q: Find the interest earned on $30,000 deposited into an account paying 2.5%. Round to the nearest…

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Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…

A: Solution of given question is written in below steps.

Q: Suppose that $2000 is placed in a savings account at an annual rate of 4.2%, compounded monthly.…

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Q: Suppose that $2600 is borrowed for three years at an interest rate of 4% per year, compounded…

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Q: Suppose that $2300 is borrowed for four years at an interest rate of 2% per year, compounded…

A: Suppose that $2300 is borrowed for four years at an interest rate of 2% per year, compounded…

Q: Suppose that $3900 is borrowed for three years at an interest rate of 7% per year, compounded…

A: Explained below

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: Suppose that $2000 is invested at a rate of 3.3%, compounded monthly. Assuming that no withdrawals…

A:

Q: Suppose that $2000 is invested at a rate of 3%, compounded quarterly. Assuming that no withdrawals…

A: The formula is given by, A=P1+rnnt, where P is the initial amount, r is the rate and n is the time.

Q: A couple who borrow $50,000 for 15 years at 6%, compounded monthly, must make monthly payments of…

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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 present value of an annuity if $2,200.00 is paid to you at the end of every 2 months for 3…

A:

Q: Find the periodic payment which will amount to a sum of $6000 if an interest rate 7% is compounded…

A: Recall the following fact.

Q: Use graphical approximation techniques to answer the question. When would an ordinary annuity…

A: Future value of annuity: The formula to find the future value of annuity is given by, FV=A1+rn-1r,…

Q: suppose that $2100 is borrowed for five years at an interest rate of 7% per year, compounded…

A:

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: Suppose that $2800 is borrowed for four years at an interest rate of 6% per year, compounded…

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Q: Suppose that $2000 is invested at a rate of 3.6%, compounded monthly. Assuming that no withdrawals…

A: Solving the problem by finding the Future value after 3 years.

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

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Q: Find

A: