MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Determine the present value P that must be invested to have the future value A at simple interest rate r after time t.
A =$8500,r =15%,t =6years
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- Suppose that you have $9000 to invest into an account that pays interest at a rate of 1.95%. Find the future value (rounded to the nearest cent) of the account after 8 years if the account compounds interest: yearly: FV = $ Semi-annually: FV = $ Quarterly: FV = $ Monthly: FV = $ weekly: FV = $ daily: FV = $ hourly: FV = $ please show steps. Thank youarrow_forwardDetermine the present value P that must be invested to have the future value A at simple interest rate r after time t. A =$4000.00,r =9.5%,t =3 monthsarrow_forwardCompute the simple interest INT for the specified length of time and the future value FV at the end of that time (in dollars). Round all answers to the nearest cent. $7,000 is invested for 1 year at 3% per year. INT = $ FV = $arrow_forward
- Compute the simple interest INT for the specified length of time and the future value FV at the end of that time (in dollars). Round all answers to the nearest cent. $14,200 is invested for 5 months at 11% per year. $ FV = $ INT =arrow_forwardAngela deposits $1500 into an account with an APR of 3.8% for 8 years. Find the future value of the account if interest is compounded continuously. Round your answer to the nearest hundredth.arrow_forward
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