Question

Find the interest rate needed for an investment of $6,000 to grow to an amount of...

Find the interest rate needed for an investment of $6,000 to grow to an amount of $9,000 in 4 years if interest is compound semiannually.

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Please upvote me.

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
A) Find the interest rate needed for an investment of $8,000 to double in 14 yr...
A) Find the interest rate needed for an investment of $8,000 to double in 14 yr if interest is compounded monthly. B)How long will it take for an investment of $10,000 to grow to $12,500 if the investment earns interest at the rate of 8%/year compounded annually? C)How long will it take for an investment of $15,000 to double if the investment earns interest at the rate of 7%/year compounded continuously?
If $500 is invested at an interest rate of 3.5% per year, find the amount of...
If $500 is invested at an interest rate of 3.5% per year, find the amount of the investment at the end of 10 years for the following compounding methods. (Round your answers to the nearest cent.) (a) Annually ？$ (b) Semiannually ？$ (c) Quarterly ？$   (d) Continuously ？$
If $500 is invested at an interest rate of 5.5% per year, find the amount of...
If $500 is invested at an interest rate of 5.5% per year, find the amount of the investment at the end of 15 years for the following compounding methods. (Round your answers to the nearest cent.) A.) Annually: $ B.) Semiannually: $ C.) Quarterly: $ D.) Continuously: $
Find the compound amount for the deposit and the amount of interest earned. $7600 at 8...
Find the compound amount for the deposit and the amount of interest earned. $7600 at 8 % compounded quarterly for 8 years. The compound amount after 8 years is? (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is (Do not round until the final answer. Then round to the nearest cent as needed.)
1. (TRUE or FALSE?) The lower the interest rate, the faster the investment will grow. 2....
1. (TRUE or FALSE?) The lower the interest rate, the faster the investment will grow. 2. (TRUE or FALSE?) The higher the interest rate, the lower the future value of an investment. 3. (TRUE or FALSE?) Compound growth occurs when the initial value of a number increases or decreases each period by the factor 1/(1 + growth rate).
An investment of 9,000 earns interest at an annual rate of 7% compounded continuously. Find the...
An investment of 9,000 earns interest at an annual rate of 7% compounded continuously. Find the instantaneous rate of change of the amount in the account after 1 year.
For the following investment, calculate the present value (principal) and the compound interest. Round your answers...
For the following investment, calculate the present value (principal) and the compound interest. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Rate (%) Interest Compounded Present Value Compound Interest $11,500 36 months 2 semiannually $ $
Simple and compound interest rate 5. I considered an investment of $ 15,000 made in the...
Simple and compound interest rate 5. I considered an investment of $ 15,000 made in the present (year 0) and that remains for 15 years. Determine the total amount accumulated at the end of year 15, if the investment offers (a) a simple interest rate of 8% per year, and (b) a compound interest rate of 8% per year effective 6. If a person requires a loan in the amount of $ 25,000 in the present. If your financial institution...
What is the annual compound interest rate of an investment with a stated interest rate of...
What is the annual compound interest rate of an investment with a stated interest rate of 7%, compounded quarterly for nine years? PLEASE SHOW ALL WORK
Find the nominal annual rate of interest a) at which $1500 will grow to $1800 in...
Find the nominal annual rate of interest a) at which $1500 will grow to $1800 in four years compounded compounded monthly b) at which money will double in seven years if compounded quarterly
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT