The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%. Given : Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n = 1 and t = 8 .

Question

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Answer 1

Question

Chapter 8.6, Problem 14PE

(a)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

To determine

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

(c)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

(d)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

(e)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

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Answer 2

Question

Chapter 8.6, Problem 14PE

(a)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

To determine

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

(c)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

(d)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

(e)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

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Answer 3

Question

Chapter 8.6, Problem 14PE

(a)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

To determine

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

(c)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

(d)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

(e)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

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Answer 4

Question

Chapter 8.6, Problem 14PE

(a)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

To determine

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

(c)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

(d)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

(e)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

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Answer 5

Chapter 8.6, Problem 14PE

(a)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

To determine

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

(c)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

(d)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

(e)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

Answer 6

Chapter 8.6, Problem 14PE

(a)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

Answer 7

Chapter 8.6, Problem 14PE

(a)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

Answer 8

To determine

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

Answer 9

To determine

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

Answer 10

(c)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

Answer 11

(c)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

Answer 12

(d)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

Answer 13

(d)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

Answer 14

(e)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

Answer 15

(e)

To determine

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 8.1 - a. Given the functions f and g, the function...Ch. 8.1 - Given fx=x2 and gx=2x3, find a. f2 b. g2 c. f+g2 Ch. 8.1 - Prob. 3PE Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - Prob. 6PE Ch. 8.1 - Prob. 7PE Ch. 8.1 - Prob. 8PE Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - Prob. 10PE

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%. Given : Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n = 1 and t = 8 .

Concept explainers

Videos

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

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Chapter 8 Solutions

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%. Given : Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n = 1 and t = 8 .

Concept explainers

Videos

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%. Given: Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

(b) To determine: The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%. Given: Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%. Given: Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%. Given: Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%. Given: Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8

Want to see the full answer?

Chapter 8 Solutions

The last amount after 8 years of an initial amount of $15,000, if interest is compounded annually and rate is given as 5%.

Given:
Principal amount P as $15,000, rate of interest r as 5% or 0.05. And as interest is compounded annually, so clearly here n=1 and t=8 .

(b)

To determine:

The last amount after 8 years of an initial amount of $15,000, if interest is compounded quarterly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded quarterly, so clearly n=4 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded monthly and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded monthly, so clearly n=12 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded daily and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded daily, so clearly n=365 here and t=8

The last amount after 8 years of an initial amount of $15,000, if interest is compounded continuously and rate is given as 5%.

Given:

Principal amount P as $15000, rate of interest r as 5% or 0.05 and as interest is compounded continuously, so clearly t=8