Assume an individual is wanting to determine the interest of a monthly deposit $1000 if after 1 year based on monthly deposits, the account now has $12,336.42. Determine the interest if it given as continuous compounding. 5.75% 5% 6% 6.5%

Q: Suppose you invest $4,700.00 in an account with an annual interest rate 6% compounded monthly. (6%…

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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: The amount of money that needs to be deposited into an account to reach some future goal is called…

A: (a) The formula for present value is given below: Present value=Amount1+rtWherer=interest ratet=time…

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Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: The compound interest formula is A=P1+R100t where A=final amountP=initial amountR=Annual rate%t=time…

Q: 5. Compare the annual interest earned over a 5 year period on a $1000 investment at: a. 8% per year…

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Q: The........................................ is the equivalent annual simple interest rate that would…

A: Solution:GivenThe........................................ is the equivalent annual simple interest…

Q: If $400 is invested at an interest rate of 5% per year, compounded quarterly, find the value of the…

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Q: costs $0.07 per kilowatt-hour and 1 hp = 0.746 kW, which motor should be selected if MARR = 6% per…

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Q: Assume that there are no deposits or withdrawals. An initial deposit of $30,000 grows at an annual…

A: As we know the formula used for final balance when annual compounding and continuous compounding is…

Q: Assume that you can earn 6% on an investment, compounded daily. Which of the following options would…

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Q: Recall the equation for continuous compounding is A = Pert %3D Find the interest rate if a $10,000…

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Q: Qu a Suppose $500 is initially placed in a savings account and $500 is deposited at the end of every…

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Q: Max was injured and can no longer work. As a result of a lawsuit, he is to be awarded the present…

A: Concept: We have the present value (PV) If the rate of receipt of revenue from time t=a to b is R(t)…

Q: If $2000 is invested at an interest rate of 4.5% per year, compounded daily, find the value of the…

A: Given that the initial investment = P = $2000 Interest rate=r= 4.5%= 0.045  Number of times…

Q: Determine the value of the account if the initial investment is $500 compounded quarterly at a rate…

A: The future amount obtained when the interest is compounded n number of times for t years at the rate…

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

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Q: 3) If interest is compounded semi-annually, which expression represents the account balance in t…

A: Compound interest earned on an amount P at an annual rate of interest r  for a tenure of t years is…

Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

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Q: Inga was injured and can no longer work. As a result of a lawsuit, she is to be awarded the present…

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Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

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Q: Keep In Mind Find the compound interest on ? 8000 for 1 year at 6% p.a. (a) compounded annually (b)…

A: Since you have asked multiple question As per our policy, we will solve the first question for you.…

Q: A: A passbook savings account has a rate of   5%. Find the effective annual yield, rounded to the…

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

A: Solution: a) Constant investment of  $48,230,000 each year indicates constant flow with constant…

Q: The amount of money that needs to be deposited into an account to reach some future goal is called…

A: There are mainly two types of interest that can be charged on present value. One is simple interest,…

Q: Jason deposits $ 5000 into his savings account at the end of every 3 months for 4 years. For the…

A: Please see the attachment

Q: Your friend deposits $9500 in an investment account that earr 2.1% annual interest. Find the balance…

A: If you like the solution then please give it a thumbs up.... The Answer is:          Result : A = $…

Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…

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Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…

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Q: Complete the table, for the following investments, which shows the erformance (interest and balance)…

A: Simple interest and compound interest are given below.

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: You are a rising star in the music industry and you have just received word that you will be…

A: Answer: We can only answer first 3 subparts so the solution is as given below :

Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

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Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…

A: Given that,  Future value,FV=$1000  time in year(t)=5 yars  rate of…

Q: Complete the table for a savings account subject to 360 compoundings yearly A=P1+rnnt.   Amount…

A: We have given; P=$700 A=$1600 n=360 r=41.1%=0.414 We  have given the formula;

Q: Find the compound amount and the amount of interest earned by the following deposit. $5600 at 3.2%…

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Q: Complete the table for a savings account subject to 90 compoundings yearly Amount Number of…

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Q: Assuming continuous compounding, what will it cost to buy a $10 item in 3 years at the following…

A: The solution as follows:

Q: Complete the table for a savings account subject to continuous compounding (A = Pe"). Amount Annual…

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Q: Eight thousand dollars has to be invested for 10 years.  For each option below, calculate the…

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Q: Suppose you invest $1000 on January 1, 2021. What will be the value of your investment after four…

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Q: Mr. Abdullah deposits OMR 5239 in a bank at an interest rate 4% compounded yearly. What is the…

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Q: Determine the value of the account if the initial investment is $500 compounded quarterly at a rate…

A: Giveninitial investment Po=$500rate r=10%

Q: the timeline below to help you! An employee is planning to retire in 10 years. To plan for this…

A: kooda

Q: Find the amount of time required to double an amount at 5.84% if interest is compounded…

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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 9400 dollars is invested at an interest rate of 9 percent per year, compounded semiannually, find…

A: Compound Interest - Starting with principle P then the amount A in an account after t years , with…

Q: A 35-year-old places a continuous stream of $5,000 per year into a retirement account which has a…

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Q: A bank account has an initial deposit of $20,000. After 4 years, the bank account has $31,000.…

A: Initial deposit = principal = P = $20,000 Amount A = $31,000 Rate of Interest = r % per annum…