Find i m if an amount is invested at 6.00% compounded every 3 months. a. 6.00%, b 3.00%, c 1.50%, d 2.00%,
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Find i m if an amount is invested at 6.00% compounded every 3 months.
a. 6.00%,
b 3.00%,
c 1.50%,
d 2.00%,
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- Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $260,000, r = 3 1/2%, t = 2, compounded daily A=$Find the effective rate for an investment for: 4.48% compounded quarterly. (round to 3 decimal places)The principal P is invested at the interest rate of r/year for t years. (Use a 365-day year.) P = $110,000, r = 4%, t = 7 1 4 , compounded monthly.Determine i, the compound interest rate.
- 6. For each of the following, calculate the values of i and n in each row: Investment Information a) 5.11%/annum, compounded daily for 2 years b) 6.6%/annum, compounded monthly for 5 years c) 4.55 %/annum, compounded weekly, for 6 years d) 2.2%/annum, compounded quarterly, for 13 years e) 2.7%/annum, compounded semi-annually for 7 years i nUsing Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $6,000 4 14 annually $ $An investment of S6,560 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 7 years? USe A = P (1+r/n)nt a59.289.00 b. S6,794.00 c. $11.245.00 d. $2.296.00
- What is the balance after 3 years on a CD with an initial investment of $1,800.00 and a 2.75% interest rate? A. $1,899.00 B. $1,952.62 C. $1,805.50 D. $4,950.00Complete the table by determining the balance A for P dollars invested at rate r for t years and compounded n times per year. P = $4000 r = 4% t = 15 yearsFor a sum of money invested at 11.5% compounded for 5 years state the following values. i) The number of compounding periods is =? ii) The periodic rate of interest is = %? iii) The compounding factor is (1+?)? iv) The numerical value of the compounding factor is =?
- An investment earns an annual interest rate of 12 percent compounded quarterly. What is the effective annual rate?A. 3.00%.B. 12.00%. C. 12.55% Use excelIf $100,000 is invested at 5.0% annual interest, compounding monthly, what is the balance after 3 years? a. $133,333 b. $152,120 c. $161,472 d. $159,124What will be the future value of $5 000 invested for six years at 8% per annum compounded quarterly? Select one: a. $6 532.81 b. $7 923.37 c. $7 934.37 d. $8 042.19