Jake has invested 50, 000.00 in a savings bank. At what interest rate compounded quarterly will make her money double itself in 10 years? 1. Find the periodic rate (j). 2. At What interest rate will make her money doubled after 10 years? rics:

Q: Bethany needs to borrow $12,000. She can borrow the money at 5.5% simple interest for 3 yr or she…

A: Answer is mentioned below

Q: Find the interest rate r if the PV of $8000 to be received in 1 year is $7300.

A:

Q: 5. Chris Richards has $33,200 to invest for 5 years. Which investment will yield the greater return:…

A: Given P=$33,200, t=5 years, r1=6.2% compounded quarterly and r2=6% compounded continuously Formula…

Q: In the compound interest example on P.344. Calculate S20 and T240. Which is the better investment…

A:

Q: Suppose that one year, the inflation rate for consumption goods was approximately 3%. If this rate…

A: Given problem:- Suppose that one year, the inflation rate for consumption goods was approximately…

Q: Nancy wants to invest 2000 in saving certificates that bear an interest rate of 8.75% per year,…

A:

Q: a total eo at an anval interest rate 10 years If it is continously? of $15,000 IS invested Of '3…

A:

Q: 3 لله Determine the time necessary for dollars to double When is invested Compounded and to at…

A: Given: The principal amount is P dollars. The amount invested is doubled so A=2P at a interest rate…

Q: Suppose that P dollars in principal is invested for t years at the given interest rates with…

A: The principal amount, P = $18,000 Time, t = 11  yr To evaluate : The future amount with continuous…

Q: Use the appropriate equation A = P *(1 + r/n) ^ nt or A = Pe ^ (rt) to determine the time needed to…

A:

Q: If you want to earn 2% annual simple interest on an investment, how much should you pay for a note…

A: Consider the  principal is P The rate of interest is R=2%. The time is T=10 months=1012 yrs.  The…

Q: Find the cost of purchasing an annuity that pays $45,000 a year for 25 years and the payments start…

A: Here we have formula to find out the interest rate, ∫  f(t)e-rtdt

Q: In the given question find the principal P that must be invested at rate r, compounded monthly, so…

A: Future amount obtained when principal amount P is compounded monthly for t years at the rate r is…

Q: Complete the table to determine the effect of the number of compounding periods when computing…

A: The solution of the problem is given in the next steps.

Q: Canarsie Indians In 1626, so the story goes, the Dutch explorer paid the Canarsie Indians $24 for…

A:

Q: You invest $800 at 4% interest compounded annually. How much is in the account after 4 years,…

A:

Q: Jake has invested 50, 000.00 in a savings bank. At what interest rate compounded quarterly will make…

A: NOTE: Refresh your page if you can't see any equations. . here we have j=periodic interest rate n=4…

Q: How long, in years and months, will it take for an investment of $1,300 to accumulate to $1,561.52…

A:

Q: Mary needs to borrow $10,000. She can borrow the money at 6% simple interest for 5 yr or she can…

A:

Q: Find the future value P of the amount Po invested for time period t at interest rate k, compounded…

A: The formula for amount after t years when interest is compounded continuously is given as: P=P0ekt,…

Q: Camille purchased a 13 yr franchise for a computer outlet store that is expected to generate income…

A:

Q: What is the rate compounded semi-annually that results in P625 accumulating to P1100 in 42 months?*…

A:

Q: In the formula A(t) = Pe for continuously compound interest, the letters P, r, and t stand for…

A:

Q: Bethany needs to borrow $10,000. She can borrow the money at 5.5% simple interest for 4 yr or she…

A: A. Simple interest for an amount P, at an interest rate of r (in decimals) per annum and for T years…

Q: An advertisement of an investment firm states that if you invest P5000.00 in their firm today you…

A:

Q: The simple interest on a $3,000 loan at 6% per year amounted to $1080. At what time t did the loan…

A:

Q: Bethany needs to borrow $11,000. She can borrow the money at 5.5% simple interest for 6 yr or she…

A:

Q: The future value of a simple interest investment is given by S=P(1+RT) What principal P must be…

A:

Q: d. If the interest is compounded continuously, how much interest is earned over the first 8 years?…

A: The formula for obtaining the amount for a principle amount P, rate of interest r and the time…

Q: $1600 is invested at 3% per year, compounded monthly. In which year after the initial investment,…

A:

Q: Jake invests $4900 at an 8% interest rate compounded contínuously for 2 $5000 at a 7% interest rate…

A:

Q: What parameter is this question asking for? What deposit made at the end of each month will…

A: Given data: Future value FV =$10000, number of periods n=5*12 =60 Periodic rate of interest r = 4%…

Q: To find the amount A in an account after t years with principal P and an annual interest rate r (in…

A:

Q: f $500 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: We know that the value of investment after t years , if amount P is invested at the rate of r%…

Q: ruce opened a savings account whose value t years after the initial eposit is given by the function…

A: Given query is to the interest rate.

Q: $15,000 is invested in an account that pays 5% interest. How much money will you have in the account…

A:

Q: A certain college graduate borrows $8000 to buy a car. The lender charges interest at an annual rate…

A: (a) Let A be the monthly payment made to pay off the loan and yn be the balance due at the end of…

Q: Al needs to borrow $15,000 to buy a car. He can borrow the money at 6.7% simple interest for 5 yr or…

A: a)From the given,P = $15,000r = 6.7% = 6.7/100 = 0.067n = 5 yrThen simple interest is,S.I = Pnr

Q: Find the present value of $3000 due after five years if the interest rate is 9% compounded…

A: Given: A present value of $3000 due after five years if the interest is 9% compounded quarterly. To…

Q: 2. In the formula A(1) = Pe" for continuously compound inter- est, the letters P, r, and t stand for…

A: Given,

Q: 6. Mateo invested $8000 at 3% interest compounded quarterly. How long will it take for the…

A:

Q: What is the actual rate of interest if RO 4000 deposited for 3 years attracts interest of RO 1440?…

A: Interest = I = 1440 Principal Value = P = 4000 Time =T = 3

Q: Penelope needs to borrow $9000. She can borrow the money at 6% simple interest for 5 yr or she can…

A:

Q: Complete the table to determine the effect of the number of compounding periods when computing…

A: NOTE: Refresh your page if you can't see any equations. . the compound interest formula is given by…

Q: What is the periodic rate (i) of 10.8% when compounded quarterly?

A:

Q: At what interest rate (compounded puld you invest if you would like to 871.33 to $4,147.00 in 11…

A: Here Principal P = $3,871.33 Amount A = $4,147.00 time t= 11 days.  Let rate = r%

Q: Kyoko has $5,000 that she wants to invest. Her bank has several accounts to choose from. Her goal is…

A: To find the minimum rate of interest, r = ?