Determine which is the better investment:  3.72%  compounded daily or  3.65%  compounded quarterly. Round your answers to  2  decimal places.       The  3.72%  daily investment gives an effective rate of    % . The  3.65%  quarterly investment gives an effective rate of    % . Therefore, the ▼(Choose one) investment is a better investment.

Q: What rate of interest compounded quarterly will yield an effective interest rate of 7%?

A: Effective interest rate=1+inn-1

Q: A company needs $7,000,000 in 10 years in order to expand their factory. How much should the company…

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Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: What interest rate compounded quarterly will yield an effective interest rate of 9%? A rate of %…

A: Please see the explanation below

Q: Find the effective yield of an investment that earns 4.75% compounded weekly. % round to the nearest…

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

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Q: how long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of…

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Q: Find the value of $15,000 at the end of one year if it is invested in an account that has an…

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Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24…

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Q: compounded quarterly.

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Q: Find the time required for an investment of ​$11,000 to grow to ​$24,000 at an annual interest rate…

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Q: Find the time required for an investment of 5000 dollars to grow to 7900 dollars at an interest rate…

A: A = $7900 P = $5000 r = 7.5% p.a. = 0.075 p.a. A = P(1+r)t

Q: Find the effective rate of interest corresponding to a nominal rate of 10.5%/year compounded in the…

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Q: How long will it take for your investment to grow 25% if the annual percentage rate is 3.5%…

A: Introduction :We have asked for the time period will it take to grow a amount to its 25% , where the…

Q: Find the effective yield of an investment that earns 7.65% compounded daily. round to the nearest…

A: Compounded daily ie m=365. Rate 7.65%. Find effective annual rate.

Q: $25,600 is invested at 5% compounded monthly, how much will this investment be worth in 7 years?…

A: Given query is to find the future amount.

Q: ecide at what rate compounded monthly will 800 become 4200 for 1

A: Introduction: Compound interest is interest that is compounded at regular intervals on both…

Q: an investment earns intrest compounded monthly, for 108 compounding periods. For how long is the…

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Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

Q: Find the effective yield of an investment that earns 2.85% compounded daily.

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Q: $20,000 is invested at an annual interest rate of 12%, compounded semi-annually. What is the balance…

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Q: Sonia wants to have $11,000 in 8 years. Use Table 11-2 to calculate how much she should invest now…

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Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 17…

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Q: Find the effective yield of an investment that earns 6.85% compounded daily. % round to the nearest…

A: Here we find effective yield percent.

Q: Sonia wants to have $13,000 in 8 years. Use Table 11-2 to calculate how much she should invest now…

A: as per policy we need to answer only one question in one post if you find my answer helpful please…

Q: Twenty years ago, Euler deposited $3000 into a college savings account which pays 4% interest,…

A: We can find the current value of the investment as below using continuous  compound interest…

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

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Q: Use the compound interest formula to determine how long it will take for a sum of money to double if…

A: Formula for compound interest:

Q: Find the amount that results from the given investment. $700 invested at 3% compounded quarterly…

A: If P is investment amount, ris rate as a decimal, n is number of compoundings per year and t is time…

Q: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

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Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

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Q: (a) How long does it take for an investment to double invalue if it is invested at 8% compounded…

A: a). Given, r=8%=0.08,  n=12 Let P be the principal amount. Now, A=P1+rnn·t⇒2P=P1+0.081212t   ∵Double…

Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years…

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Q: Find the effective yield of an investment that earns 3.95% compounded monthly. % round to the…

A: Formula used EAR = (1+i/n)^n -1

Q: What rate compounded semi-annually will double any amount principal if it is invested in 13 years?…

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Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

A: We have to solve the given problem by using compound interest formula.

Q: Find the effective yield of an investment that earns 2.35% compounded weekly.

A: Effective yield=1+rnn-1 For compounded weekly, n=52

Q: For an interest rate of 9% per year, compounded monthly, the effective monthly rate is closest to:

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Q: P30,000 is invested for a period of 3 years at a rate of 6%, compounded 2 times per year. What will…

A: Given query is to find the amount after 3 years.

Q: At what rate compounded monthly should be P25,000 be deposited in a bank to gain an interest of…

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Q: Sonia wants to have $13,000 in 10 years. Use Table 11-2 to calculate how much she should invest now…

A: Given : Interest rate (r) = 6% Number of years = 10 years Amount = $13000

Q: What annual interest rate would allow Karen to double her investment if it is compounded quarterly…

A: The compound interest formula for an initial amount P deposited for a time period of t at a rate of…

Q: (a) How long does it take for an investment to triple invalue if it is invested at 6% compounded…

A: (a). When interest is compounded periodically then formula for amount is given as: A=P1+rnnt, where…

Q: Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate…

A: The objective is to find the time required for an investment of 5000 dollars to grow to 6700 dollars…

Q: Find the amount that results from the given investment. $600 invested at 8% compounded quarterly…

A: Formula used:The future value formula:

Q: A company needs $4,400,000 in 13 years in order to expand their factory. How much should the company…

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Q: Find the amount P that needs to be invested at a rate of 5% compounded quarterly for 6 years to give…

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