The Continental Bank advertises capital savings at 6.1% compounded annually while TD Canada Trust offers premium savings at 5.9% compounded monthly Suppose you have $2500 to invest for two years. (a) Which deposit will earn more interest? (b) What is the difference in the amount of interest? (2) (a) The (b) The difference is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) savings account will earn more interest.

Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".     Beginning     Repayment Ending Year Balance Payment Interest of Principal Balance 1 $  fill in the blank 60 $  fill in the blank 61 $  fill in the blank 62 $  fill in the blank 63 $  fill in the blank 64 2 $  fill in the blank 65 $  fill in the blank 66 $  fill in the blank 67 $  fill in the blank 68 $  fill in the blank 69 3 $  fill in the blank 70 $  fill in the blank 71 $  fill in the blank 72 $  fill in the blank 73 $  fill in the blank 74 4 $  fill in the blank 75 $  fill in the blank 76 $  fill in the blank 77 $  fill in the blank 78 $  fill in the blank 79

How long will it take $200 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places.   4%.   year(s)   13%.   year(s)   17%.   year(s)   100%.   year(s)

FlybynightSavings.com is offering a savings account that pays 32% compounded continuously. How much interest would a deposit of $4,000 earn over 5 years? (Round your answer to the nearest cent.) $= What is the annually compounded interest rate (in percent) that would correspond to this investment? (Round your answer to two decimal places.) %

How long will it take $800 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. 6%. year(s) 11%. year(s) 17%. year(s) 100%. year(s)

You have found three investment choices for a one-year deposit: 10.4% APR compounded monthly, 10.4% APR compounded annually, and 9.7% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is _____%. (Round to three decimal places.) Part 2 The EAR for the second investment choice is _____%. (Round to three decimal places.) Part 3 The EAR for the third investment choice is______%. (Round to three decimal places.)

Compute The present value of a $5500 deposit in year 1, and another $5000 deposit at the end of year 4 using an 8% interest rate. ( do not round intermediate calculations and around your final answer to two decimal places)

Presently the Smiths invest $100,000 for A months in a certificate paying interest at the nominal rate of 6% compounded monthly. How much will they have at the end? We have A=117 Round your answer to the first decimal. (for instance, 43.232 gives 43.23, 124.756 gives 124.76). The decimal separator is a point.

Suppose you make equal quarterly deposits of $2,500 into a fund that pays interest at a rate of 5% compounded monthly. Find the balance at the end of year 3. Hint: You will need an effective interest rate in your calculations. As a proportion, round this value to 4 places after the decimal when you use this in subsequent calculations. Note: Note: When entering your answer, do not use any dollar symbols or any other units. Enter only the value rounded to the nearest integer (nearest dollar). Also, for longer values, do not use any commas.

The amount of interest on $X for two years is $330. The amount of discount on $X for one year is $144. Find the annual effective interest rate i and the value of X. (Round your answer for i to two decimal places. Round your answer for X to the nearest cent.) ¡ = 9.42 X X = $ 1672.66 X Submit Answer %