A friend tells you she has saved for 5 years and has a present sum of $15,000 , which earned at the rate of 8% per year compounded quarterly Determine the equivalent amount she had to start with 5 years ago.

What nominal rate per 6-months is equivalent to an effective rate of 11% per year, compounded continuously? The nominal rate per 6-months that is equivalent to an effective rate of 11% per year, compounded continuously is 5.65 %.

what was the amount of the original loan? 4. How many years would it take for an investment of $280,000 to cumulate to at least $425,000 at 15% per year interest? 5 Valtro Electronic Systems Inc set aside a lump sum of money 4 years ago in

John invests $1200 at an annual rate of 4.4% compounded semi-annually for 3 years.

A company that manufactures air-operated drain valve assemblies currently has $110,000 available to pay for plastic components over a 5-year period. If the company spent only $42,000 in year 1, what uniform annual amount can the company spend in each of the next 4 years to deplete the entire budget? Let i = 13% per year.   The uniform annual amount the company can spend is $.