MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.)
$
Amount of Deposit m |
Frequency n |
Rate r |
Time t |
$1,250 | quarterly | 8% | 20 yr |
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- Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Amount of Deposit Frequency Rate Time m r $1,250 quarterly 8% 25 yrarrow_forwardFind the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ 9055.81 Amount of Deposit Frequency Rate Time m n t $1,250 quarterly 8% 25 yrarrow_forwardFind the compound amount for the deposit. Round to the nearest cent. $20,000 at 6% compounded semiannually for 12 yearsarrow_forward
- The principal P is borrowed at a simple interest rate r for a period of time t. Find the loans future value A, or the total amount due ay time t. P= $7000 , r= 4.0%, t= 4 monthsarrow_forwardFind the present value of $40,000 due in 2 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 4%/year compounded monthlyarrow_forwardFind the amount of money owed at the end of 5 years if $40,000 is borrowed at 5% per year compounded weekly and no payments are made on the loan. (Simplify your answer completely. Assume there are 52 weeks in a year. Round your answer to the nearest cent.) $arrow_forward
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