(a) If a $10,000 investment grows to $11,236 after 2 yr, find the Interest rate. The interest rate is %! Part 2 of 3 (b) If a $7000 investment grows to $8316.70 after 2 yr, find the interest rate The interest rate is %.

Q: Find the interest rate r if the PV of $8000 to be received in 1 year is $7300.

A:

Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: A $120,000 home mortgage for 35 years at 9.5% has a monthly payment of $985.93. Part of the monthly…

A: Given: A $120,000 home mortgage for 35 years at 9.5% has a monthly payment of $985.93. Part of the…

Q: You are saving for a dream vacation that will cost $5,000.  How many years will you have to wait…

A: We need to calculate the time taken for the amount to become 5000 $

Q: At age 18, someone sets up an IRA (individual retirement account) with an APR of 8%. At the end of…

A: Deposit at the end of each month

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: Nathan is thinking about opening a CD account with $32000. An investment company is offering 6.3%…

A:

Q: You deposit $7500 into an account that earns 4% annual interest compounded continously. What will…

A: The formula for the future value of a continuous compounding investment is:…

Q: A community outreach program wants to set up a scholarship fund for students who demonstrate…

A: Formula for compound interest is,Intererst=invested amount1+interest ratenumber of times interest…

Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

A:

Q: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…

Q: You have $10,000 that you are considering whether to invest . If you invest it in an account that…

A: We can make it easier for you

Q: Jake invests $4900 at an 8% interest rate compounded contínuously for 2 $5000 at a 7% interest rate…

A:

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.