\ A sum of OMR (160000) is invested at an interest rate compounded continuously. After 9 years the amount has become OMR (224230.34). Find the interest rate. Use this formula: P=P.er.t
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7\ A sum of OMR (160000) is invested at an interest rate compounded continuously.
After 9 years the amount has become OMR (224230.34). Find the interest rate.
Use this formula: P=P.er.t
Step by step
Solved in 2 steps
- what is the nominal rate of interest compounded continuously for 8 years if the present worth factor is equal to1. 7506725 A.4% B.5% C.6% D.7% E.NoneSuppose S500 is invested at 4% compounded quarterly. (a) How long will it take the investament to accumulate to $750 if the exact method for accumulation is in effect? (b) How long will it take the investment to accumulate to $750 if the practical method for accumulation is in effect? Be sure to us linear interpolation! (e) What anmual effective interest rate must 8500 be invested at to accumulate to S750 in 10 years?step by step explaination What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000 b. $5000 c. $11660 d. $10377
- 7.If $1000 is deposited at 12.5% p.a. for one year, what is the effective annual interest rate if interest is compounded quarterly? Select one: a. 13.10% b. 12.50% c. 13.03% d. 13.05%*Using Matlab* The current amount A of a principal P invested in a savings account paying an annual interest rate r is given by A = P(1+r/n)^(nt) where n is the number of times per year the interest is compounded. For continuous compounding, A = Pe^(rt). Suppose $10,000 is initially invested at 2.5 percent (r = 0.025). a. Plot A versus t for 0 ≤ t ≤ 20 years for four cases: continuous compounding, annual compounding (n = 1), quarterly compounding (n = 4), and monthly compounding (n = 12). Show all four cases on the same subplot and label each curve. On a second subplot, plot the difference between the amount obtained from continuous compounding and the other three cases. b. Redo part a, but plot A versus t on log-log and semilog plots. Which plot gives a straight line?For the following amount at the given interest rate compounded continuously, find (a) the future value after 8 years, (b) the effective rate, and (c) the time to reach 13,00. $5300 at 3.4%
- Assume that time zero is now and the effective interest rate per year is 14%. 1. What is the present value of $17,000 received in 8 yearsAn investment of S6,560 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 7 years? USe A = P (1+r/n)nt a59.289.00 b. S6,794.00 c. $11.245.00 d. $2.296.00Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly. e) How much is the investment worth after 7 years? f) How fast is the investment growing after 7 years?
- Step by step instructions please What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000 b. $5000 c. $11660 d. $10377N1 What is the value today of an investment that will pay $3,947.00 every six months for 27 years? Assume the first payment is made 5 years from today. The annualized interest rate is 9.00% p.a.6.If the current value of $1000 received five years from now is $680.50, what is the assumed annual interest rate? 7.If the current value of $1000 received in each of the next five years starting one year from now is $3889.65, what is the assumed annual interest rate? 8.$1000 is deposited in a bank earning 8% compounded annually. What will be the balance at the end of ten years? What will be the ending balance assuming money is compounded quarterly?
