A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments are made, how much would be owed after four years on a loan of $1700? Do not round any intermediate computations, and round your answer to the nearest cent.

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 nominal rate of interest that, when compounded monthly, yields an effective interest rate…

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Q: Find the years it will take for a principal P to double if invested at a rate of 4% compounded…

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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: If $15,000 is invested at an interest rate of 4% per year, compounded semiannually , find the value…

A: $15,000 is invested at an interest rate of 4% per year, compounded semiannuallyTo find the value of…

Q: Which of the given interest rates and compounding periods would provide the best investment? 2% per…

A: Given thatThree different interest rates are as following

Q: Find the time required for an investment of 4,000 dollars to grow to 10,000 dollars at an interest…

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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 present value of a $50, 000 annual income stream if it is invested immediately as it is…

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Q: If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan,…

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Q: Find the accumulated present value of a 11-year $70,000 continuous income stream that has been…

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Q: Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 5% if the…

A: the compound interest formula:…

Q: If $3,700 was invested 4 months ago at a simple interest rate of 1.9%, what would be the value of…

A: A $3,700 was invested 4 months ago at a simple interest rate of 1.9%.

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: In 19 years, Anthony Oaks is to receive $300,000 under the terms of a trust established by his…

A: It is given that, the time period is t=19 years,  Future Value (FV)=$300,000 rate of return…

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: A zero-coupon bond can be redeemed in 20 years for $10,000. How much should you be willing to pay…

A: Given: Total years=20……1Redeemed amount=$10,000……2

Q: An investment fund pays 5% per year, compounded semi-annually, on all money invested. How much must…

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Q: How much should be invested now at an interest rate of 6% per year, compounded continuously, to have…

A: Given that, Interest rate (r) = 6% or 0.06 per annum compounded Final amount (A) = $ 3500 Time…

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

A: Introduction :

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: For an interest rate of effective 18% per year, compounded monthly, the effective monthly rate is…

A: The effective monthly rate = 18% divided by 12 months = 1.5% per month.

Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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

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Q: If a savings fund pays interest at a rate of 3% per year compounded semiannually, how much money…

A: Compound interest is a form increments in the savings where each increment is added regularly to the…

Q: If the present value of my investment is $1,000 and the rate of interest is 10% compounded annually,…

A: From the given information, present value of my investment is $1,000 that is P = 1000, the rate of…

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

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Q: Upon the death of his aunt, Lucien receives an inheritance of $40,000, which he invests for 13 years…

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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: How long will it take for a $3000 investment to grow to $3555 at an annual rate of 3%, compounded…

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

A:

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

A:

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

A:

Q: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to…

A: Let the amount be A invested with an rate of interest of r= 6.5% = 0.065

Q: A recent college graduate decides to open a credit card in order to pay for their upcoming trip…

A:

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 an interest rate of 5% compounded continuously assuming no payments…

A:

Q: For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000.…

A: Given: For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of…

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

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.