Q: Compute the simple interest INT for the specified length of time and the future value FV at the end…
A:
Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6.8%, t = 25 days
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A: Information Provided: Principal = $8000 TIme = 4 years Nominal rate = 11% Compounding = Annually
Q: Compute the simple interest INT for the specified length of time and the future value FV at the end…
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Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 9.5%, t = 20 days
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A: Principal = $ 23000 Period = 13 Years Annual interest rate = 5%
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- Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 5.9%, t = 6 monthsCalculate the simple interest earned when P = $15,000, r = 7.5%, and t = 70 days using the ordinary method. Round to the nearest cent.Calculate the simple interest earned. Round to the nearest cent. P = $2250, r = 4.00% monthly, t = 4 months
- Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6.8%, t = 25 daysCompute the simple interest INT for the specified length of time and the future value FV at the end of that time (in dollars). Round all answers to the nearest cent. $10,900 is invested for 8 months at 11% per year. INT = $ FV = $Complete the following using compound future value. Time 2 years, Principal $15,000, Rate 8%, Compounded quarterly. What is the amount? What is the interest?
- Solve by using the present value formula. Round your answers (in $) to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $14,000 8 years 4.5 monthly $ $What are the future value and the interest earned if $3800 is invested for 7 years at 8% compounded quarterly? (Round your answers to the nearest cent.) Give typing answer with explanation and conclusionCompute the simple interest INT for the specified length of time and the future value FV at the end of that time. Round all answers to the nearest cent. You borrow $12,000 for 6 months at 3% per year. INT= FV=
- Suppose you bought a 3 year CD for 22,000 with an APR of 3.76% compounded quarterly. How much interest will you have earned when the CD matures? Round to nearest cent.If you put $200,000 into your investment account now for 10 year at 5% annual interest, what is the difference in interest income between simple interest calculation and compound interest calculation? use Excel for calculation.Use the compound interest formula A=P (1+(r)/(n))^(nt) to compute the total amount after $2000 is invested at 4 % over 8 years compounded daily. (Use n=365.) Then compute the interest earned.The total amount is $___.(Round to the nearest cent.)The interest earned is $___.(Round to the nearest cent.)
