Explanation Given information: Initial investment is P = $ 5000 , accumulated amount is A = $ 5070.42 , time period is t = 8 months or 245 days . Formula used: The formula to calculate effective rate is, r e f f = ( A P ) 1 / t − 1 (1) Where, A is the accumulated amount. P is the initial investment. t is the time period in years. Calculation: Time period is t = 8 months or 245 days . t = 245 days × 1 year 365 days = 245 365 years Substitute $ 5070

Applied Calculus for the Managerial, Life, and Social Sciences (MindTap Course List)

10th Edition

ISBN: 9781305657861

Author: Soo T. Tan

Publisher: Cengage Learning

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Chapter 5.3, Problem 61E

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To find: The effective rate of the investment.

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Chapter 5.3, Problem 60E

Chapter 5.3, Problem 62E

Chapter 5 Solutions

Applied Calculus for the Managerial, Life, and Social Sciences (MindTap Course List)

Ch. 5.1 - Prob. 1CQ Ch. 5.1 - Prob. 2CQ Ch. 5.1 - Prob. 1E Ch. 5.1 - Prob. 2E Ch. 5.1 - Prob. 3E Ch. 5.1 - Prob. 4E Ch. 5.1 - Prob. 5E Ch. 5.1 - Prob. 6E Ch. 5.1 - Prob. 7E Ch. 5.1 - Prob. 8E

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Prob. 24E Ch. 5.5 - Prob. 25E Ch. 5.5 - Prob. 26E Ch. 5.5 - Prob. 27E Ch. 5.5 - find the derivative of the function. 28...Ch. 5.5 - Prob. 29E Ch. 5.5 - Prob. 30E Ch. 5.5 - Prob. 31E Ch. 5.5 - Prob. 32E Ch. 5.5 - Prob. 33E Ch. 5.5 - Prob. 34E Ch. 5.5 - Prob. 35E Ch. 5.5 - Prob. 36E Ch. 5.5 - Prob. 37E Ch. 5.5 - Prob. 38E Ch. 5.5 - Prob. 39E Ch. 5.5 - Prob. 40E Ch. 5.5 - Prob. 41E Ch. 5.5 - Prob. 42E Ch. 5.5 - Prob. 43E Ch. 5.5 - Prob. 44E Ch. 5.5 - Prob. 45E Ch. 5.5 - Prob. 46E Ch. 5.5 - Prob. 47E Ch. 5.5 - Prob. 48E Ch. 5.5 - Prob. 49E Ch. 5.5 - Prob. 50E Ch. 5.5 - Prob. 51E Ch. 5.5 - Prob. 52E Ch. 5.5 - Prob. 53E Ch. 5.5 - Prob. 54E Ch. 5.5 - Prob. 55E Ch. 5.5 - Prob. 56E Ch. 5.5 - Prob. 57E Ch. 5.5 - Prob. 58E Ch. 5.5 - Prob. 59E Ch. 5.5 - Prob. 60E Ch. 5.5 - Prob. 61E Ch. 5.5 - Prob. 62E Ch. 5.5 - Prob. 63E Ch. 5.5 - Prob. 64E Ch. 5.5 - Prob. 65E Ch. 5.5 - Prob. 66E Ch. 5.5 - Prob. 67E Ch. 5.5 - Prob. 68E Ch. 5.5 - Prob. 69E Ch. 5.5 - Prob. 70E Ch. 5.5 - Prob. 71E Ch. 5.5 - Prob. 72E Ch. 5.5 - 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Prob. 17E Ch. 5.6 - Prob. 18E Ch. 5.6 - DEMAND FOR COMPUTERS Universal Instruments found...Ch. 5.6 - Prob. 20E Ch. 5.6 - Prob. 21E Ch. 5.6 - Prob. 22E Ch. 5.6 - GROWTH OF A FRUIT FLY POPULATION On the basis of...Ch. 5.6 - Prob. 24E Ch. 5.6 - Prob. 25E Ch. 5.6 - Prob. 26E Ch. 5.6 - Prob. 27E Ch. 5.6 - Prob. 28E Ch. 5.6 - Prob. 29E Ch. 5.6 - Prob. 30E Ch. 5.6 - Prob. 31E Ch. 5.6 - Prob. 32E Ch. 5.6 - Prob. 33E Ch. 5.6 - Prob. 34E Ch. 5.6 - Prob. 35E Ch. 5.6 - Prob. 36E Ch. 5.6 - Prob. 37E Ch. 5.6 - Prob. 38E Ch. 5.6 - Prob. 1TE Ch. 5.6 - Prob. 2TE Ch. 5.6 - Prob. 3TE Ch. 5.6 - Prob. 4TE Ch. 5.6 - Prob. 5TE Ch. 5.6 - Prob. 6TE Ch. 5.6 - Prob. 7TE Ch. 5.6 - Prob. 8TE Ch. 5 - Prob. 1CRQ Ch. 5 - Prob. 2CRQ Ch. 5 - Prob. 3CRQ Ch. 5 - Prob. 4CRQ Ch. 5 - Prob. 5CRQ Ch. 5 - Prob. 6CRQ Ch. 5 - Prob. 7CRQ Ch. 5 - Prob. 8CRQ Ch. 5 - Prob. 9CRQ Ch. 5 - Prob. 10CRQ Ch. 5 - Prob. 1RE Ch. 5 - Prob. 2RE Ch. 5 - Prob. 3RE Ch. 5 - Prob. 4RE Ch. 5 - Prob. 5RE Ch. 5 - Prob. 6RE Ch. 5 - Prob. 7RE Ch. 5 - Prob. 8RE Ch. 5 - 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The effective rate of the investment.

Solution Summary: The author explains the effective rate of the investment, which is 2.105%.

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Chapter 5 Solutions