Question

Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also find the APY for the account.

A $3000 deposit in an account with an APR of 8%

Year 1 =

Year 5+

Year 20=

Answer #1

Use the formula for continuous compounding to compute the
balance in the account after 1, 5, and 20 years. Also, find the
APY for the account. A $2000 deposit in an account with an APR of
3%. The balance in the account after 1 year is approximately
[...]

Use the formula for continuous compounding to compute the
balance in the account after? 1, 5, and 20 years.? Also, find the
APY for the account. A?=$17,000 deposit in an account with an APR
of 3.75?%.

Use the formula for continuous compounding to compute the
balance in the account after 1, 5, and 20 years. Also, find the
APY for the account. A $7000 deposit in an account with an APR of
3.3%.
The balance in the account after 1 year is approximately $
The balance in the account after 5 years is approximately $
The balance in the account after 20 years is approximately $
(Round to the nearest cent as needed.)

Direction: Compounding More than once a Year. Use the
appropriate compound interest formula to compute the balance in
each account after the stated period of time.
1.) $10,000 is invested for 5 years with an APR of
2.75% and monthly compounding.
Directions: Annual Percentage Yield (APV). Find the annual
percentage yield (to the nearest 0.01%) in each case.
1.) A bank offers an APR of 3.2% compounded
monthly.
Directions: Continuous Compounding. Use the formula for
continuous compounding to compute the...

Direction: Compounding More than once a Year. Use the
appropriate compound interest formula to compute the balance in
each account after the stated period of time.
1.) $10,000 is invested for 5 years with an APR of
2.75% and monthly compounding.
Directions: Annual Percentage Yield (APV). Find the annual
percentage yield (to the nearest 0.01%) in each case.
1.) A bank offers an APR of 3.2% compounded
monthly.
Directions: Continuous Compounding. Use the formula for
continuous compounding to compute the...

Use the appropriate compound interest formula to compute the
balance in the account after the stated period of time ?$8000 is
invested for 11 years with an APR of 5?% and monthly compounding.
The balance in the account after 11 years is ?$

Use the compound interest formula for compounding more
than once a year to determine the accumulated balance after the
stated period.
49) $2500 deposit at an APR of7.5% with monthly
compounding for 7 years
A ) $4219.25 B) $2611.45 C) $3375.40 D)
$74,802.06

Directions: Simple Interest. Calculate the amount of money you
will have in each account after 5 years, assuming that the account
earns simple interest.
1.) You deposit $1500 in an account with an annual
interest rate of 4%?
Direction: Compound Interest. Use the compound interest formula
to compute the balance in each account after the stated period of
time, assuming that interest is compounded annually.
1.) $3,000 is invested at a APR of 1.8% for 12
years.?

1. Assuming simple interest determine Paul's initial deposit if
his account grew to $4,500 in 7 years, 6 months at an APR of
2.75%
2. Assuming continuous compounding, how much would Susan have to
deposit in her account if it grew to $6,000 over 5 years 9 months
with an APR of 2.95% ?

5A-1
FV CONTINUOUS COMPOUNDING If you receive $15,000 today and can
invest it at a 6% annual rate compounded continuously, what will be
your ending value after 15 years?
5A-2
PV CONTINUOUS COMPOUNDING In 7 years, you are scheduled to
receive money from a trust established for you by your
grandparents. When the trust matures there will be $200,000 in the
account. If the account earns 9% compounded continuously, how much
is in the account today?
5A-3
FV CONTINUOUS COMPOUNDING...

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