# Project #47802 - BESINESS ECON AND MATH

Suppose \$20,000 is invested at 6.5% compounded annually.

(a)Find the value of the investment after 5 years.

(b)Find the value of the interest which was earned over the first 5 years.

2)Suppose \$2000 is invested at 6.5% compounded monthly.

(a)Find the value of the investment after 5 years.

(b)Find the value of the interest which was earned over the first 5 years

3)If \$1,000 is invested at a nominal rate of 4% compounded quarterly for 5 years, find the compound amount

4)Determine the present value of \$4000 due in 5 years if the interest rate is 10% compounded semiannually.

5)Find the present value of \$5000 due in 3 years if the interest rate is 6 3/4%
compounded monthly

7)A trust fund for a newborn is being set up by a single payment so that at the end of 18 years there will be \$34,000. If the fund earns interest at the rate of 6.25% compounded monthly, how much money should be paid into the fund initially

8)If \$200 is deposited into a savings account that earns interest at an annual rate of 8% compounded continuously, find the value of the account at the end of two years.

9)A person deposits \$1000 in a savings account that pays an interest rate of 4.75 % compounded continuously. Find the balance in the account at the end of 3.5 years.

10)Determine the effective rate equivalent to an annual rate of 10% compounded continuously.

 Subject Mathematics Due By (Pacific Time) 11/17/2014 03:00 pm
TutorRating
pallavi

Chat Now!

out of 1971 reviews
amosmm

Chat Now!

out of 766 reviews
PhyzKyd

Chat Now!

out of 1164 reviews
rajdeep77

Chat Now!

out of 721 reviews
sctys

Chat Now!

out of 1600 reviews

Chat Now!

out of 770 reviews
topnotcher

Chat Now!

out of 766 reviews
XXXIAO

Chat Now!

out of 680 reviews