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A: A1 = 150000 A2 = 10000 n = 10 i = 0.01
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- If you deposit $2,042 today in a savings account that pays 8% interest annually, how much would you have at the end of 5 years?. How long it take money to quadruple if it earns 3% compounded daily 16636 days 16637 days 16867 days 16868 daysIf you borrow $12,000 at 20% interest rate for 5 years, what is your ordinary simple interest in this case?
- A certain amount of money doubles after 9 years. Determine its effective interest.Interest rate... How much do you need to deposit in an account today in order to have $11,000 in the account in 6 years? Assume the account earns 9% interest compounded monthly.Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.
- You borrowed an amount of $15,000 and paid it $20,223 in 3 years. If the interest rate was compounded monthly, what is the nominal interest rate?If $2000 is invested at 7% interest compounded continuously, calculate itsvalue after 3 years.On March 25, you borrow some money for 120 days. What is the maturity date?
- You invest 10,000 pesos for 3 years and get 10% interest compounded at the end of each year. What is the compound interest?An investment company is going to place $300,000 into an annuity. Then, it is going to add $25,000 a quarter to the annuity for the next 15 years. If the annuity draws 8% interest, how much will it be worth at the end of the time?John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with annual payments. Each successive payment is to be 10% less than the previous payment.. How much was the first payment?