Bus Econ 2.1.82 If an investment at 5% simple interest has a future value of $5850 in 10 years, what was the original investment? The original investment was $ .
Q: If P dollars are invested for t years at a simple interest rate r, the future value of the…
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A: Solution of the problem as follows
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A: Introduction: The formula for the future value of the annuity is FV=P×(1+r)n-1r . The formula for…
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Q: This exercise is based on the following table, which lists interest rates on long-term investments…
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Q: 6. An investment earns 3.5% interest, compounded quarterly, and is worth $12,000 after 5 years. Find…
A: initial value is $10081 see the explanation and calculation below
Q: 10. You decide to invest $1000 at the beginning of every year. If your rate of return is 3%…
A: here we have PMT=1000 n=1 for annual payment r=3%=0.03 t=5 years
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A: We use this formula to solve the following invested moneyP = A / (1 + r/n)nt
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A: According to the given questionRate of interest (r) = 4% = 0.04Principal (P) = $1000Time (t) =…
Q: Mar 16, 9:56:57 AM Watch help video Jocelyn invested $3,700 in an account paying an interest rate of…
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Q: Chapter 9.4, Question 8 What single payment today would replace a payment of $5000 in one year and…
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A: According to the question, we have
Q: e future value
A: So here given we have to find the simple interest of$10000 for 5 years at the rate of 4% simple…
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Q: This exercise is based on the following table, which lists interest rates on long-term investments…
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Q: QUESTION 7 Janay wants to invest $12,000 in an account with an interest rate of 7.2% that is…
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Q: Chapter 9.2, Question 6 If Shanta deposited $2800 in an investment fund that was earning 5.5%…
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Q: Section 2.3(41) Assuming that you invest$10,000 in the United States, how long (to the nearest…
A: Recall the following fact.
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Q: 1 LETonya opens two savings accounts with an Initial deposit of $100 In each. The graph shows the…
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Q: Use the future value for FV = 10,000; i = 0.0
A: Given,FV=10,000i=0.05PMT=500n=?
Q: Answer the following questions about simple interest:(a) If $3000 is invested for 3 years at an…
A: Let simple interest on amount 3000 for 3 year is S.I therefore Here Pis principle which is given…
Q: This exercise is based on the following table, which lists interest rates on long-term investments…
A: Explanation of the answer is as follows
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