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* 00 Problem Set 1: Finance Score: 19.8/50 8/20 answered Question 10 You deposit $3000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 20 years? no. Question Help: D Video 1 D Video 2 Submit Question MacBook Air 08 F3 DD F1 F2 F4 & i 1 # 2$ 2 4. 5. R A H

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My Blackboard MTH101 B01 - QUANTITATIVE LITERACY (Fall 2021 Credit Courses) Homework Homework 1.3 Homework 1.3 Score: 0/19 2/8 answered X Question 3 > Score on last try: 0 of 1 pts. See Details for more. > Next question 2 Get a similar question You can retry this question below You deposit $6000 in an account earning 5% interest compóunded monthly. How much will you have in the account in 15 years? $ 8,540.57 Question Help: Message instructor Submit Question МacBook Air 000 D00 F6 F5 F4 esc F2 F3 F1 %24 并

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Picture Tools Format O Tell me what you want to do... Exercise 10. Loan Payments A student loan of $50,000 at a fixed APR of 6% for 20 years (10a) Calculate the monthly payment P x APR РMТ (-nY)1 1+ APR (10b) Determine the total amount paid over the term of the loan.

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View Policies Current Attempt in Progress Write a formula for the quantity described. The balance in an interest-bearing bank account, if the balance triples in 20 years. Let Bo be the initial balance and t be the number of years. NOTE: Round your answer to three decimal places. B = IT || eTextbook and Media 2 Q Search fg PRE hp fg 10 S >11 H mehp

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Picture Tools Format O Tell me what you want to do... Exercise 8. Continuous Compounding. Use the formula for continuous compounding to compute the balance in the following accounts after 20 years: A $10,000 deposit in an account with an APR of 3.5% 4 A = P xe(APR*Y) Exercise 9. Savings Plan Formula. Assume monthly deposits and monthly compounding in the following saving plans: Find the savings plan balance after 12 months with an APR of 3% and monthly payments of $150. (nY) 1+ APR - 1 A = PMT x APR

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Knowledge Check Davis plans to save money to take a two-week cruise on December 31, 2028. On January 1, 2025, Davis plans to invest money in an investment fund paying 8% interest to accumulate $12,000. How much should Davis deposit today to achieve the desired $12,000? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g.; 52.75).) Table 3: Present Value of 1 (n) Periods 6% 7% 8%A 9% 10% 11% 1 .94340 .93458 .92593 .91743 .90909 .90090 2 .89000 .87344 .85734 .84168 .82645 .81162 3 .83962 .81630 .79383 .77218 .75132 .73119 4 .79209 .76290 .73503 .70843 .68301 .65873 5 .74726 .71299 .68058 .64993 .62092 .59345 Amount to deposit $ 9525.96

Module 2.6: Understandin... Question Calculate the total cost of a 15-year, $20,000 student loan at an interest rate of 4.5% per year compounded monthly. Round to the nearest dollar. CURRENT OBJECTIVE Evaluate student loan options Provide your answer below: @ W S 3 e d C $ 4 r f 0 % 5 t A 6 Oll y h & 7 FEEDBACK J * 8 j Von b MORE INSTRUCTION m ( 9 k O O SUBMIT P

Dyanne Godoy Math Models B: Practice Test Next Activity Target due: 11/16/20 O 2016 All changes saved O 2026 LI O 3. Choose the correct answer. Bill plans to deposit $1,500 quarterly for 30 years at 5.5% Interest, compounded monthly. How much will he have in the account in 30 years? O $468,780.80 O $189,900 O $180,000 O $3,744,000 O $477,000 A 4. Choose the correct answer. You sell 600 shares of AVG Technologies (AVG). You purchased the stock at $2.99 per share and sold it at $0.88 per PRÉVIOUS 1-31 of 31 NEXT REVIEW enovo

W20 Simple and Compound Interest/11 Previous Problem Problem List Next Problem HW 20 Simple and Compound Interest: Problem 11 (9 points) Complete the table below giving the amount P that must be invested at interest rate 6 % compounded weekly to obtain a balance of A = $90000 in t years. Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. t P 1 10 20 30 40 50 Page generated at 05/04/2024 at 02:43pm EDT WeBWorK 1996-2022 | theme: math4-green | ww_version: 2.17 | pg_version 2.17 | The WeBWorK Project