Question

1. If 5,000 is invested at 4​% compounded quarterly, what is the amount after 10 years?...

1. If 5,000 is invested at 4​% compounded quarterly, what is the amount after 10 years?

2. How long will it take 5,000 to grow to 14,000 if it is invested at 7​% compounded​ monthly?

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1)Sophie invested an amount of $24,000 in a mutual fund. After 3 years and 3 months...
1)Sophie invested an amount of $24,000 in a mutual fund. After 3 years and 3 months the accumulated value of her investment was $25,815.47. What is the quarterly compounded nominal interest rate of the investment? 2)Helen heard that she could triple her money in 27 years if she invested it in her friend's telecommunications business. What nominal interest rate compounded quarterly does the business offer? 3)If an investment grew to $15,000 in 2 years and the interest amount earned was...
If $300 is invested at 6% compounded what is the amount after 5 years? how much...
If $300 is invested at 6% compounded what is the amount after 5 years? how much is earnd? If it is compounded annually what is the amount? If it is compounded quarterly what is the amount? If it is compounded monthly what is the amount?
If ​$250 is invested at 7​% compounded ​(A) annually, ​ (B) quarterly, ​ (C) monthly, what...
If ​$250 is invested at 7​% compounded ​(A) annually, ​ (B) quarterly, ​ (C) monthly, what is the amount after 4 ​years? How much interest is​ earned?
If $600is invested at 8% compounded quarterly,what is the amount after 5 years?How much interest is...
If $600is invested at 8% compounded quarterly,what is the amount after 5 years?How much interest is earned?
An amount is invested at 8%, compounded quarterly, for 2 years. What rate and what number...
An amount is invested at 8%, compounded quarterly, for 2 years. What rate and what number of periods would be used to find a future value factor from the tables in order to calculate the future value of this investment? a)2% for 4 periods b) 8% for 2 periods c)2% for 8 periods d)8% for 4 periods An investment earning 12% interest compounded semi-annually, will accumulate to a greater amount in the future than an equal investment earning 12% compounded...
1. What nominal rate compounded annually would quadruple the principal in 4 years? 2. A master...
1. What nominal rate compounded annually would quadruple the principal in 4 years? 2. A master card compounds monthly and charges an interest of 1.5% per month. What is the effective interest rate per year? 3. How long will it take money to triple itself if invested at 8% compounded annually? 4. Microsoft CEO, billionaire Bill Gates willed that a sum of $25 million be given to a child but will be held in trust by the child’s mother until...
1. How much more interest will be earned if $7000 is invested for 6 years at...
1. How much more interest will be earned if $7000 is invested for 6 years at 7% compounded continuously, instead of at 7% compounded quarterly. 2. How long does it take for an account containing $6000 to be worth $15,000 if the money is invested at 8.4% compounded monthly?
Suppose $12,500 is invested in an account which offers 3.25% interest compounded quarterly (4 times a...
Suppose $12,500 is invested in an account which offers 3.25% interest compounded quarterly (4 times a year). (a) Express the amount A in the account as a function of the term of the investment t in years. (b) How much would be in the account in 7 years (assuming non deposits or withdrawals are made)? (c) How long will it take for the initial investment to double (round the nearest tenth of a year)?
10. Suppose $14,000 is invested in a quarterly compounded account at 3.58%. Approximately how long will...
10. Suppose $14,000 is invested in a quarterly compounded account at 3.58%. Approximately how long will it take for the balance to reach $37,100? ____ year (Round the answer to the nearest tenth of a year.) 13. If income tax varies directly with income and a person earning $32,000 per year pays $8,320 in taxes, how much will a person earning $46,000 per year pay? $________
1)Hewlett Plastics Inc. received a loan of $60,000 at 3.75% compounded quarterly to purchase machinery for...
1)Hewlett Plastics Inc. received a loan of $60,000 at 3.75% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan if the total interest paid was $32,165.48. 2)How long would it take for an investment to double its original amount at 3.62% compounded monthly? 3)Calculate the effective interest rate for each of the following nominal interest rates: a. 2.16% compounded quarterly. Round to two decimal places b. 2.16% compounded monthly. 4)Lucy invested $210,000 to purchase...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT