Payments of $400, $1000, and $700 are due at the ends of years 1, 8, and 11 years, respectively. Assuming an effective rate of interest of 5% per annum, find the point in time at which a payment of$2100 would be equivalent. Use the method of equated time. Round your answer to 2 decimal places.yearMY NOTESSubmit Answer

Payment of and are due at the end of of years and year.The effective rate of interest of per…

Answered: Payments of $400, $1000, and $700 are…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A loan of $13,500 is made at an effective interest rate of 8.5%. Payments are made at the end of each interest period. Each payment equals twice the interest due until the borrower pays off the outstanding debt with a final payment of, at most, $1,800. Find the number of payments n. (Enter your answer as an integer.) n = payments Find the amount of the final payment. (Round your answer to the nearest cent.) $
A pension fund manager decides to invest a total of at most $40 million in U.S. Treasury bonds paying 6% annual interest and in mutual funds paying 9% annual interest. He plans to invest at least $5 million in bonds and at least $10 million in mutual funds. Bonds have an initial fee of $100 per million dollars, while the fee for mutual funds is $200 per million. The fund manager is allowed to spend no more than $7000 on fees. How much should be invested in each to maximize annual interest? What is the maximum annual interest? View an example Get more help. 8 20 F3 The amount that should be invested in Treasury bonds is $ funds is $ $million. S4 $ gog R F V F4 % 5 T F5 B 10 6 Y F6 H & 7 N F7 U J * 8 A M million and the amount that should be invested in mutual ( 9 K Clear all A O ) 0 A L F10 Check answer P V 7 + 11 #0 10 1
Find the area of the surface generated by e+e revolving the curvex= in the interval 2 Osys In 7 about the y-axis. The area, S, of the surface is given by S= (Type an exact answer, using z as needed.)
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Rate Compounded Time $90,000 3.5% daily 15 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned.
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Rate Compounded Time $8000 8% semiannually 2 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned.
You deposit $6000 in an account earning 3% interest compounded monthly. How much will you have in the accountin 15 years? Question Help: Video 1 D Video 2 Submit Question Activate Windows Go to Settings to activate Window https://www.myopenmath.com/assess2/?cid%3D969828aid36950372# 3:04 PM 3/11/2021

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