Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years
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- Suppose you invest $170 a month for 3 years into an account earning 8% compounded monthly. After 3 years, you leave the money, without making additional deposits, in the account for another 29 years. How much will you have in the end? es $arrow_forward. To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?arrow_forwardAt the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th birthday, if interest is paid at 8% per year, compounded quarterly? *arrow_forward
- How much would you need to deposit in an account now in order to have $6000 in the account in 15 years? Assume the account earns 7% interest compounded quarterly.arrow_forwardAn investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest would you earn by the end of the three years if you deposited $1500 in thearrow_forwardFind the amount of money that would have to be deposited today into a savings account at 8% compounded quarterly in order to have $5, 000 in 5 yearsarrow_forward
- Find the principal to get $1000 after 2 years at 6% compounded quarterly? Round to nearest cent.arrow_forwardDetermine the principal if an investment is worth $5000 after being invested for 2 years at 3.7% compounded monthly.arrow_forwardFind the present value that will grow to $2,000 if the annual interest rate is 8.5% compounded quarterly for 9 yearsarrow_forward
- A perpetuity earns interest at an annual rate of 4.2% compounded monthly and has monthly withdrawals of $595. Find the amount A of the perpetuity.arrow_forwardHow much would you need to deposit in an account now in order to have $5000 in the account in 10 years? Assume the account earns 6% interest compounded quarterly.arrow_forward$1,000 invested at 7% compounded annually after a period of 11 yearsarrow_forward
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