For the following amount at the given interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10,000. Round all values to the nearest hundredth. 11) $4700 at 4.3%

Q: At graduation, you have a student loan of $22,000. The loan has a fixed annual interest rate of…

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Q: Find the APY corresponding to the following nominal rate. 4% compounded quarterly The APY is%. (Type…

A: Nominal rate = 4%  Frequency= 4  (quarterly)  We have to find the Annual Percentage Yield.

Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: Calculate the compound amount for P = $1500 , r = 6.25% , compounded quarterly for 5 years.

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A: Given:To find: Simple interest rate .

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

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Q: Mr. Chan puts $1000 in a bank account at the beginning of each month for 6 years. Find the total…

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Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's…

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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: To find the compound amount and the amount of interest earned on ​$19,000 at 8​% compounded annually…

A: Here principal amount, P = 19000 interest rate, r = 8% = 0.08 Time period , t = 5 Hence the…

Q: the suarez family invests $10,000 at an annual interest rate of 4.9% compounded monthly. how much is…

A: Step 1: Step 2: Step 3: Step 4:

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: Find how much money will be in the account after the given number of years (Assume 360 days in a…

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Q: $3,000 is invested for 18 months compounded at the interest rate of 0.75% every month. Give your…

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Q: The time it would take to accumulate $13,000 by depositing $500 at the end of each month in an…

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Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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Q: At graduation, you have a student loan of $18,000. The loan has a fixed annual interest rate of…

A: Given:  Loan amountP=$18000 Annual interest rate(AR)=6.8% Time(t)=10 years Monthly interest rate(MR)…

Q: Find the accumulated amount after 7 years if $400 is invested at 7% per year, compounded: (Round…

A: The formula for the compound interest is given as  A=P1+rnnt where P is the principal invested . r…