Determine the effective rate for $1 invested for 1 year at 8.9% compounded semiannually. %. The effective rate is (Do not round until the final answer. Then round to the nearest thousandth as needed.)

Q: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…

A: For compounded monthly, n=12

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

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Q: Find the effective rate corresponding to the given nominal rate. Round to the nearest hundredth 7)…

A: To calculate the effective rate  given the nominal rate.

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

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Q: Find the effective rate to the nearest hundredth for nominal interest rate. 7% compounded quarterly

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Q: How much should you deposit semiannually into an account so that you have ​$75,000 after 1 1/2…

A:

Q: Francine currently has $75,000 in her 401k account at work, and plans to contribute $600 at the end…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: percent) Jose invests $7,250, at 8% interest, compounded quarterly for 10 years. Calculate the…

A: We will solve the problem

Q: find the present value of $30,000 due in 8 years at the given rate of interest. (round to the…

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Q: account

A: We will find the balance in the account after 9 years.

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A: Given: i=7%=0.07 which is compounded monthly so n=12

Q: Given: ₱50,000 at 11% compounded quarterly for 5 years. What is the interest rate per conversion…

A: Given that: Principal amount = ₱50,000 Rate of interest = 11% = 0.11 Number of years he amount is…

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given data: Amount that needs to be accumulated (A)=$360000 Interest rate (r) =9% Time (t) =34…

Q: If P100,000 is deposited in an account paying 5% compounded quarterly, how much is in the account at…

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Q: Find the present value of $30,000 due in 6 years at the given rate of interest. (Round your answer…

A: To Determine: Find the present value of $30000 due in 6 years at the given rate of interest. 7% per…

Q: Find the effective rate of interest.For 5% compounded quarterly

A: Effective interest rate is the equivalent annual interest rate compounded annually which is…

Q: Kristy Joe deposits ​$110 each month in an ordinary annuity to save for a new car. If the annuity…

A: It is given that the Cash deposit per period is P = $110.Monthly interest rate is i = 1.03%. Time…

Q: Jordan deposited $45,000 in an investment fund that was growing at a rate of 5.0 compounded…

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Q: Use the compound interest formula for compounding more than once a year to determine the accumulated…

A: We have to use compounded quarterly summation formula.

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Use formula of compound interest

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

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Q: Use the compound interest formula to determine the accumulated balance after the stated period.…

A: Given query is to find the amount after indicated time.

Q: Find the present value of $50,000 due in 5 years at the given rate (a) 5%/year compounded…

A:

Q: Find the present value of $30,000 due in 4 years at the interest rate of 5%/year compounded monthly?…

A: The future value of investment is A=$30,000 Number of periods is n=4×12=48 Periodic interest…

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: Find the present value. Round to the nearest cent. To get $25,000 after 12 years at 13% compounded…

A: Calculate the present value (P).

Q: How much would you need to deposit in an account now in order to have 5000 in the account in 10…

A: Given data is: Amount=5000t=10 yearsr=6% compounded monthly Here, compounded monthly, therefore n=10…

Q: Find the effective annual interest rater of the given nominal annual interest rate. Round your…

A: Topic- Interest

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A:

Q: Find the final amount of money in an account if $1,500 is deposited at 5.5% interest compounded…

A:

Q: A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of…

A:

Q: a company deposited an amount of P1,200 monthly in an account invested at 3% compounded monthly to…

A: Given that: Amount deposited monthly is P 1200 Rate of interest compounded monthly is:…

Q: $3,605 is withdrawn from an account that gave 5% interest compounded semi-annually for 10 years. How…

A: solution of the given problem is below ...

Q: Melissa has an offer from a credit card issuer for 0% APR for the first 60 days and 28.49% APR…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A:

Q: Determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded…

A: Use formula of compound interest

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Question is solved.

Q: Find the principal to get $1000 after 2 years at 6% compounded quarterly?  Round to nearest cent.

A: It is given that, the amount after 2 years is A = $1000, n = 4 since compounded quarterly, r = 0.06.…

Q: Find the present value of $41,422 due in 5 years at an interest rate of 3%/year compounded…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: To determine the initial amount (principal) in the given compound interest problem

Q: (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at age…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A:

Q: Find the interest on P10,000 at 5 ½% for 4 years and 6 months compounded monthly.

A: Given that.   Find the interest on P10,000 at 5 %2% for 4 years and 6 months compounded monthly.…

Q: June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2%…

A: Given that t=time=17 yearsr=interest rate=2%=0.02A=annuity=?n=number of times compounded in a…

Q: The effective rate of the interest that is equivalent to a 4% rate compounded monthly is: O 4.07 % O…

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Q: Assume that there are no deposits or withdrawals. An initial deposit of $14,000 earns 8% interest,…

A: here we will find final amount in account after 6years with compound interest,