Suppose you saw a sign at your local bank that​ said,"3.2% rate compounded semiannually-3.5%annual percentage yield(APY) is there anything wrong with this? A. Yes the APY is incorrect and should be ____% B. Yes the number of compounding periods is incorrect. Interest should be compounded daily. C. No  The info is correct. ************************************************************ ANOTHER VERSION WAS ASKED PREVIOUSLY, AND I FOLLOWED THE GUIDELINES, AND I AM STILL GETTING IT WRONG. THE OTHER QUESTION I ASKED WAS INCORRECT AS WELL. NOT SURE WHERE I AM GOING WRONG. I AM FOLLOWING THE STEPS AS PRESENTED

Q: year compounded yearly, find the value of the investment at each given time and round to the nearest…

A:

Q: An investment of $15,000 is growing at 5% compounded quarterly. Vinom a. Calculate the accumulated…

A: Accumulated amount=P(1+r100)n p=principle amount n=number of times interest compounded r= rate of…

Q: 19. Heather invests $4,900 in an account with a 3.5% interest rate, making no other deposits or…

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Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

A:

Q: The difference between the future values of a deposit accumulated for 15 years at a rate of 9.5%…

A: Let the amount for the first condition be A1 and for second condition be A2 and let the deposit be…

Q: 3. Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: From the given information, it is observed that P = $1000, r = 7.2% = 0.072, and t = 5 years. Note…

Q: Assume that there are no deposits or withdrawals. An initial deposit of $4,000 grows at an annual…

A:

Q: Suppose you invest $3,100.00 in an account with an annual interest rate 12% compounded monthly (1%…

A: Annual interest rate = 12% That is, 1% each month.

Q: Capitec bank announced that their saving account would pay a nominal interest rate of 11% p.a…

A: The effective interest rate for a period is the interest paid for the specific amount of time or…

Q: Suppose you saw a sign at your local bank that​ said, "5.4% rate compounded semiannually-5.9% Annual…

A: Given that :

Q: An investment of $14,000 is growing at 4% compounded quarterly. a. Calculate the maturity value of…

A: An investment of $14,000 is growing at 4% compounded quartely.

Q: Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Given: Principle amount (P): $5,000 Rate of interest (R): 6% Time period (t): 5 years Compound…

Q: The difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

A: Given the difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

Q: 30 years with a) 6 % compounded monthly with no point 1 b) 6– % compounded monthly with 1 point: 4.…

A: Solution

Q: Suppose $1,500 is invested at an annual interest rate of 8 percent compounded quarterly. Compute the…

A:

Q: How much interest will you owe if you borrow $1200 for 2 years at a simple interest rate of 10%…

A: Equation to be used:A = P(1 + rt) ;        P = Principal Amount = 1200  t = time in years = 2 years…

Q: if $3,500 is invested at an interest rate of 2.75% per year, compounded monthly, find the value of…

A: Given: P=$ 3500             r=2.75%             t=2 year, 3 year, 6 year   Formula used for…

Q: 9. Suppose that $20,000 is deposited into an account that earns 4% interest annually. Find the…

A: For this problem, principal amount is given as $20000, time t=10 years.

Q: 5a. $10,000 is borrowed at 6% per year compounded monthly. What is the effective annual interest…

A: $10,000 is borrowed at 6% per year compounded monthly.

Q: Use Table 11-1 to calculate the compound amount (in $) on an investment of $5,500 at 10% interest,…

A:

Q: Assume $5000 is deposited in an account that pays 6% annual interest. How much more would be in the…

A: The answer as follows:

Q: Suppose an annuity pays 7.0% annual interest, compounded annually. If you invest $3,000 every year…

A: Consider the equation

Q: An investment of $13,000 was growing at 6.5% compounded quarterly. a. Calculate the accumulated…

A: Answers of the all above question is

Q: Suppose a credit card has an APR of 22.41% and changes its compounding period from daily to monthly.…

A: Suppose a credit card has anAPR of 22.41% and changes itscompounding period from dailyto monthly.…

Q: How much interest will you owe if you borrow $2700 for 3 years at a simple interest rate of 7%…

A: Given that  principal amount=P=$2700Time =T=3yearsrate of interest=R=7%find interest

Q: Suppose you are 25 years old and would like to retire at age 60. Furthermore, you would like to have…

A: Given statement is, Suppose you are 25 years old and would like to retire at age 60.Furthermore, you…

Q: A couple makes a one-time investment of $4,000 in a five-year certifi- cate of deposit that will…

A:

Q: Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Amount=P1+r100tcompond quarterly t become t/4 and r become…

Q: Suppose you want to accumulate 120,00 for your retirement in 30 years. Make a single deposit into an…

A:

Q: The First National Bank is offering a 5-year certificate of deposit (CD) at 4% interest compounded…

A:

Q: Suppose 20,000 is deposited into an account earning 205% annual interest. Find the balance at the…

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Q: A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time…

A: Given fv=$21000,t=17,r=2.3% and n=2

Q: Suppose an individual makes an initial investment of $2,600 in an account that earns 7.8%,…

A: Consider the given information, Initial investment is $2,600 Interest rate is 7.8% Number of periods…

Q: Suppose you saw a sign at your local bank that​ said, ​"5.3​% rate compounded semiannually – 5.5​%…

A: Given the data :

Q: Ben initially deposited PhP500,000 in a bank that offers an interest rate of 5% compounded annually.…

A: Given : Ben initially deposited PhP500,000 in a bank that offers an interest rate of 5% compounded…

Q: At age 25, you start work for a company that deposits $10,000 into a retirement account that pays a…

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Q: You consider paying equal amounts of money into a bank account at regular intervals for 10 years. As…

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Q: 1. Suppose you inherit an account worth $129,350. This account is in a CD account that earns 1.2%…

A: Please refer to the image below.

Q: A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

A: Solution: P = $ 8000 r = 8% Using formula  A = P1+rnnt

Q: What is the nominal annual rate of interest compounded semi-annually if a 3​-year loan of ​$3400 is…

A: Given that a 3 year loan of $3400 is repaid by semi-annual payments of $628 made at the end of every…

Q: We are considering the effects of starting early retirement. Assume that each account considered has…

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Q: How much money will there be in an account at the end of 7 years if $2000 is deposited at 4%…

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Q: 1. You can make a one-year investment at 7.8% compounded monthly, or 8.1 %compounded semi-annually.…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

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Q: This type of calculation assumes the payment is to be done once a year while the compounding occurs…

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Q: An investment opportunity promises to pay off an amount of P1,000,000 seven years from now if one…

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Q: An investment of $17,000 was growing at 4.5% compounded quarterly. a. Calculate the future value of…

A:

Q: Find

A:

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.