Calculate the compound amount from the given data: principal = $7000, compounded semiannually, 8 years, annual rate = 8% O $9579.98 O $11,480.00 O $13,110.87 O $12,956.51 %3D

Q: Nisha takes a loan of $45,000 at 6% per annum for 1^1/2 years. Assuming that the interest is…

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Q: A student pays back a loan (principal + interest) of $12 344. If it compounded weekly for 4 years,…

A: A=P1+rnnt

Q: Find the effective rate corresponding to the given nominal rate. Round to the nearest hundredth 7)…

A: To calculate the effective rate  given the nominal rate.

Q: What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded…

A: The formula for annual percentage yield is, APY = (1 + i/n)n – 1, where I is the nominal interest…

Q: Vicki Kakounis bought a television set with money borrowed from the bank at 8% interest compounded…

A: The rate of interest is given as 8% The interest is compounded quarterly  In a year, there are 4…

Q: Find the effective rate to the nearest hundredth for nominal interest rate. 7% compounded quarterly

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Q: Convert 16% compounded monthly to equivalent nominal rate which compounded weekly. O 15.9186%…

A: Given the given rate is 16% compounded monthly. Apply formula Annual percentage yield=1+rnn r=annual…

Q: You take out a loan of $120,000 for a term of ten years at 10% interest compounded semi-annually.…

A: We need to find the total interest.

Q: Determine the annual percentage yield (APY) for the given nominal annual interest rate and…

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Q: $25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will…

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Q: The monthly invested payment is $. (Round up to the nearest cent.)

A: We have to find the monthly payment value of given sinking fund.

Q: For each of the following accounts, determine the percent change per compounding period. Give your…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Calculate the compound amount when  $8000 is deposit  in an account earning 9% interest compounded…

A: The answer is given below:

Q: Find the compound amount for the deposit . Round to the nearest cent . $ 24.391 at 8.5 % compounded…

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Q: Maria invested $5,000 at 1.00% per annum. Calculate the amount of interest earned for 6 months.…

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Q: Find the effective rate corresponding to the given nominal rate 10% compounded semiannually.

A: Given; Nominal rate , r= 10% Semiannually, n=2

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A: Given: i=7%=0.07 which is compounded monthly so n=12

Q: How many years if the computed total conversion periods is 51 when compounded quarterly?

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Q: Find the effective rate of interest.For 5% compounded quarterly

A: Effective interest rate is the equivalent annual interest rate compounded annually which is…

Q: Calculate the following rates a)the nomial rate compounded monthly which equivalent to 9./o…

A: a) The nominal rate interest formula is given by r=m×1+i1m-1 where m is the number of periods, and i…

Q: Calculate the compound amount when $9000 is deposited in an account earning 9% interest, compounded…

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Q: Find the APY corresponding to the following nominal rate. 5% compounded semiannually The APY is %.…

A: Annual percentage yield can be computed using the formula APY = 1+rnn-1

Q: What is the annual percentage yield of 5% compounded quarterly?

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Q: Find the effective rate when the stated rate is 3% and the interest is compounded semiannually. O…

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Q: Find the effective rate equivalent to 10 points. 15% compounded quarterly. * 1 Add file

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Q: Find the effective rate of Interest that is equivalent to an 6% rate compounded monthly. 6.09 % O…

A: Answer is mentioned below

Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: A college student is offered a credit card at 18.638% compounded monthly. What are the APR and APY?

A: Solution

Q: Determine the annual percentage yield (APY) for the given nominal annual interest rate and…

A: The formula to calculate annual percentage yield (APY) yield is given below. APY=1+rnn-1 where, r is…

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

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Q: Find the present value of 1,200 due in 3 years and 9 months if money is for 10%, compounded…

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Q: Anibal invests $4,250 at 6% loterest, compounded quarterly for 1 year. Calculate the effective…

A: Consider the given information.

Q: What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.19%…

A: We have to find the annual percentage yield (APY).

Q: Find the annual yield corresponding to a nominal rate of 8 1/2% compounded monthly.

A: Annual yield implies the total amount earned on the investments or deposits done, when the interest…

Q: Aubree invested $8,300 in an account paying an interest rate of 2.2% compoùnded quarterly. Assuming…

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Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

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Q: The compounded amount of a $5,000 investment at 7% interest compounded semiannually for 4 years is…

A: We will solve the following

Q: c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long…

A: Solution :-

Q: Find the annual yield corresponding to the nominal rate of 4% compounded quarterly. (Round the…

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Q: Find the missing interest earned.   Principal   Rate   Compounded   Time   Final Amount…

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Q: Shelby invested $10,500 at 1.00% per annum. Calculate the amount of interest earned for 9 months.…

A: topic - simple interest

Q: Find the effective rate corresponding to the given nominal rate 10% compounded semiannually. ​

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Q: If an investment grew to $13,500 in 3 years and the interest amount earned was $1,531.34, calculate…

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Q: A vehicle purchased for $32,500 depreciates at a constant rate of 4%. Determine the approximate…

A: Depreciation on a vehicle can be determined by the formula v = c ( 1-r)t ---- [ I] where V is the…

Q: Determine the amount of money accumulated after 15 years if $1, 000 is invested in an account that…

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Q: Complete the table. Principal rate time interest $4,000 6% 3 yr $ Account 1 2 yr 2$ Account 2…

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Q: What is the annual percentage yield of 18% compounded daily? APY= _________%

A: In the given we have to find the annual percentage yield of 18% compounded monthly.

Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

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Q: A vehicle purchased for $32500 depreciates at a constant annual rate of 7% . Determine the…

A: Use simple formula