If 41200 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent. (a) Annual: $ (b) Semiannual: $ (c) Monthly: $ (d) Daily: $

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

A: A=P1+rnnt

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A: We can explain the answer as below.

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A:

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A: Step 1: Step 2: Step 3: Step 4:

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Q: Find the value of an investment of $8,300 after 14 years with 3.2% interest compounded monthly

A:

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A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: A loan of 18,000 is made at 4.5% interest, compound annually. After how many years will the amount…

A: Given, Principal = p = 18,000Rate of interest = r = 4.5%  compounded annually Amount = A  ≥24, 000…

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Q: If 41200 dollars is invested at an interest rate of 10 percent per year, find the value of the…

A: Consider the provided question, Invest 41,200 dollars at an interest rate of 10%. We have find the…

Q: Principal: $15,500 Interest rate: 6% Compounded quarterly Calculate the effective rate (APY) of…

A: Compound interest formula A=P1+rnnt We are given where rn is APY P=$15500r=6%=0.06n=4t=1