An investment of $15,000 is growing at 5% compounded quarterly. Vinom a. Calculate the accumulated amount of this investment at the end of year 1. Round to the nearest cent b. If the interest rate changed to 4% compounded monthly at the end of year 1, calculate the accumulated amount of this investment at the end of year 4. Round to the nearest cent Calculate the total amount of interest earned from this investment during the 4-year period.

Q: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

A:

Q: Determine the effective annual yield for $1 invested for 1 year at 7.6% compounded semiannually The…

A: Given investment is $1 Time is 1 year Interest rate is 7.6% compounded semi annually. So number of…

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: Since you have posted multiple questions, we will solve the first question for you. If you want any…

Q: Find what simple interest rate will be necessary for Sonny to get a 40% return on a $500 investment…

A:

Q: Inch Inc. took a loan of $1,250,000 to build a new office. Calculate the quarterly compounding…

A: Dear student , kindly refer this answer

Q: A mutual fund has an average annual rate of return of 14.5 % . The investment company charges 3 %…

A: The formula for the compound interest is Pt=P0(1+r)t whereP0=initial value ($4000 i.e.…

Q: A company deposited $5,500 into an investment fund at the beginning of every quarter for 4 years. It…

A: Effective quarterly rate,  r=1+0.0450123-1=1+0.003753-1r=1.011292 a)  n=4×5=20 quarterly…

Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

A:

Q: Find how much money needs to be deposited now into an account to obtain $3,900 in 6 years if the…

A:

Q: If the balance of an account (which earns interest monthly) is $65,238.17 at the beginning of the…

A: Given amount at the biginning of the current compound period is $64,238.17 Interest earned in…

Q: Find the interest rate for each period and the total number of conversions per periods at the end of…

A: For all of these problems, we can use the compound interest formula: A = P(1 + r/n)^(nt) where A is…

Q: Jason deposits $ 5000 into his savings account at the end of every 3 months for 4 years. For the…

A: Please see the attachment

Q: 2. Determine the regular monthly deposit required to accumulate $8 000 in 6 years at an interest…

A: Total amount accumulated Total time  yearsRate of interest compounded monthly

Q: determine the interest rate in % compounded annually if the compound amount factor is 1.069 for a…

A: The formula for compound interest is A= P(1+rn)nt Where A = accumulated amount, P= principal, r =…

Q: Determine the nominal interest rate compounded half yearly if the effective interest rate is 8% per…

A: Provided information is ; effective rate per annum(i) = 8% compounding period(m) = 6 months…

Q: Complete the sentence below. Iff is a one-to-one function and f(3) = 6, then f(6) = If f is a…

A: One one functions

Q: If an investment grew to $11,500 in 3 years and the interest amount earned was $1,150, calculate the…

A: An investment grew to  in  years and the interest amount earned was We have to calculate the nominal…

Q: Suppose that $12,000$⁢12,000 is deposited for five years at 3%3% APR. Calculate the interest earned…

A: The deposited amount is $ 12,000. Time for the deposition is 5 years. Rate of interest is 3%.