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at 10% compounded semiannually? 9. What are the future value and the interest earned if $3200 is invested for 5 years at 8% compounded quarterly? 0 is invested for

at 10% compounded semiannually? 9. What are the future value and the interest earned if $3200 is invested for 5 years at 8% compounded quarterly? 0 is invested for

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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(d) S $6734.28 m = 4 (b) n = 20 (c) i = 0.015 $7664.40 Periodic compounding Continuous compounding 56749.29 - 0.0712, or 7.12% 2.8 months c) is geometric with common ratio r = 4. - = 8(3/4)39 0.0001 = 3,486,784,400 8. What is the future value if $8600 is invested for 8 years at 10% compounded semiannually? 9. What are the future value and the interest earned if $3200 is invested for 5 years at 8% compounded quarterly? 10. What interest will be earned if $6300 is invested for 3 years at 12% compounded monthly? 11. What lump sum do parents need to deposit in an account earning 10% compounded monthly so that it will grow to $80,000 for their son's college fund in 18 years? 12. What lump sum should be deposited in an account that will earn 9% compounded quarterly to grow to $1.2 million for retirement in 25 years? |13. V d iden- he num- ntify rest- the What present value amounts to $10,000 if it is invested for 10 years s at 6% compounded annually? 14. What present value amounts to $300,000 if it is invested at 7% compounded semiannually for 15 years? 15. Find the future value if $5100 is invested for 4 years at 9% compounded continuously. rs at
Transcribed Image Text:(d) S $6734.28 m = 4 (b) n = 20 (c) i = 0.015 $7664.40 Periodic compounding Continuous compounding 56749.29 - 0.0712, or 7.12% 2.8 months c) is geometric with common ratio r = 4. - = 8(3/4)39 0.0001 = 3,486,784,400 8. What is the future value if $8600 is invested for 8 years at 10% compounded semiannually? 9. What are the future value and the interest earned if $3200 is invested for 5 years at 8% compounded quarterly? 10. What interest will be earned if $6300 is invested for 3 years at 12% compounded monthly? 11. What lump sum do parents need to deposit in an account earning 10% compounded monthly so that it will grow to $80,000 for their son's college fund in 18 years? 12. What lump sum should be deposited in an account that will earn 9% compounded quarterly to grow to $1.2 million for retirement in 25 years? |13. V d iden- he num- ntify rest- the What present value amounts to $10,000 if it is invested for 10 years s at 6% compounded annually? 14. What present value amounts to $300,000 if it is invested at 7% compounded semiannually for 15 years? 15. Find the future value if $5100 is invested for 4 years at 9% compounded continuously. rs at
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