A promissory note will pay $48,000 at maturity 13 years from now. If you pay $23,000 for the note now, what rate compounded continuously would you earn? % compounded continuously The investment would earn about (Round to three decimal places as needed.) Enter your answer in the answer box. O hp

Q: If $4000 is borrowed at a rate of 3.75% interest per year, compounded quarterly, find the amount due…

A: Given,   p=$4000 ,   r=3.75%   ,  compounded quarterly

Q: Use a spreadsheet or financial program on a calculator or computer. Track the future values of two…

A: (a) For compounded quarterly, P = $5000 r = 6.4% = 0.064 n = 4 FV = $7500 Formula: FV=P1+rnnt By…

Q: 10. How long (approx.) will it take $10,000 to grow to $15,000 if the investment earns an interest…

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Q: If $3000 is borrowed at a rate of 4.75% interest per year, compounded quarterly, find the amount due…

A: Given; P=3000 r=4.75% n=4.

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Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

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Q: An investment offers 0.5% interest per compounding period. If the annual interest rate is 6%, how…

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Q: Appa deposits $2500 in an account earning 3.1% interest compounded monthly. How much will Appa have…

A: Use compound interest formula

Q: Present value. A promissory note will pay $60,000 at maturity 6 years from now. How much should you…

A: This is a continuous compound interest problem.

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Q: ed pdl- PDF Annotator Tool View Extras Window Help Page Width 52 AR Y x amed.pdf" E -/ II * 4. How…

A: If $P is invested for t years with rate of interest r compounded annually then total amount after t…

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A: Given that $19,000 is invested in an account for 15 years. We have to find value of the investment…

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Q: an employee wants to invest $50,000 in a pension plan. One investment offers 6% compounded…

A:

Q: If 2500 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given,           $1000 is invested at 3.5 % interest rate per year.

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A:

Q: 58) Ben Franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to $15…

A: Given data is : Principal P=$4000Amount A=$15 million=$15×106Time t=200 years Let the amount of…

Q: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

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Q: The present value of a sum of money is the amount that must be invested now, at a given rate of…

A:

Q: The present value of a sum of money is the amount that must be invested now, at a given rate of…

A:

Q: When your first child is born, you begin to save for college by depositing $225 per month in an…

A: Initial amount of investment is $225 per month

Q: If $5000 is invested at an interest rate of 1.9% per year, compounded quarterly, find the value of…

A: Given,           Initial investment, P =$ 5000           Rate =1.9%           It is compounded…

Q: If $20,000 is invested at an interest rate of 6% per year, compounded semiannually, find the value…

A: The principal is $20,000 and the rate is 6% per year, compounded semiannually. As the interest is…

Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

A:

Q: The present value of a sum of money is the amount that must be invested now, at a given rate of…

A:

Q: If $20,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value…

A: Given,

Q: an employee wants to invest $50,000 in a pension plan. One investment offers 6% compounded…

A:

Q: A promissory note will pay $61000 at maturity 6 years from now. If you pay $38125 for the note, what…

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Q: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A: Here the given  Principle amount P=$20,000 And the interest rate r=2%=0.02 and n=number of…

Q: Present value. A promissory note will pay $25,000 at maturity 8 years from now. How much should you…

A:

Q: If $10,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value…

A:

Q: If $16,000$ is invested at a rate of 8.5% per year compounded monthly, find the value of the…

A: The explanation of the above question is as shown below.

Q: An employee wants to invest $60,000 in a pension plan. One investment offers 5% compounded…

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Q: Complete the table for an account in which interest is compounded continuously. (Round your answers…

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

A: Principal amount, P = $10,000 Rate of interest, r = 2%                              = 2100  = 0.02…

Q: When your first child is born, you begin to save for college by depositing $275 per month in an…

A: Given data Total money depositing per month is $275. Rate of interest is r=12%=0.12 per year.…

Q: If $6,000 is invested in an account for 20 years. Find the value of the investment at the end of 20…

A: (a) Given that, the initial investment is P=$6,000, time is t=20 years and the interest rate is 5%.…

Q: quarterly

A: In this we have to use the standard formula for compound interest so I'm providing hand written…

Q: Finance. A person wishes to have $23,800 cash for a new car 7 years from now. How much should be…

A:

Q: An employee wants to invest ​$60,000 in a pension plan. One investment offers 6​% compounded…

A:

Q: Ali Williams invests a $25,000 inheritance in a fundpaying 5.5% per year compounded continuously.…

A: Given, Ali Williams invests $25,000 Rate of interest Compounded continuously=5.5% per year

Q: If $2000 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

A: So in this problem we are going to use standard formula for calculating the final compounded money…

Q: Finance. A person wishes to have $27,200 cash for a new car 7 years from now. How much should be…

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Q: Entire What interest rate compounded monthly will yield an effective interest rate of 8%? ..... A…

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Q: Find the accumulated value of an investment of $20,000 for 5 years at an interest rate of 1.55% if…

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Q: Assume that there are no deposits or withdrawals. An initial deposit of $12,000 earns 6% interest,…

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Q: If $4000 is borrowed at a rate of 5.75% interest per year, compounded quarterly, find the amount due…

A: This question is related to compound interest, We will solve it using given information.