What amount of money needs to be depositedin an account earning 7% interestCompounded monthly so that it will$20,000 in 8the nearest cent).2yearsgrowto? (Round the answertorateof③het f(x) = x²- 5x +6. Find the averagechange when x increases from 4 to 7.Find the derivative of2x³-1x³ + x²+1④Find the derivative of 5x + 3√x²-9The profit function foraproduct isP(x) = 10 800 x-manyitems, x, must be sold to maximize the350 000-x Howprofit? What is the maximumprofit?

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Answered: What amount of money needs to be…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the compound interest formula A = P(1 + r)' and the given information to solve for t. 201 A= $42.000, P= $28,000. r= 7% T=?
please do the following questions with full working
The current amount A of a principal P invested in a savings account paying an annual interest rate r is given by A = P(1+r/n)^(rt) where n is the number of times per year the interest is compounded. For continuous compounding, A = Pe^(rt). Suppose $10,000 is initially invested at 2.5 percent (r = 0.025). a. Plot A versus t for 0 ≤ t ≤ 20 years for four cases: continuous compounding, annual compounding (n = 1), quarterly compounding (n = 4), and monthly compounding (n = 12). Show all four cases on the same subplot and label each curve. On a second subplot, plot the difference between the amount obtained from continuous compounding and the other three cases. b. Redo part a, but plot A versus t on log-log and semilog plots. Which plot gives a straight line?
Assume that you must estimate what the future value will be two years from today using the future value of 1 table. (PV of $1, EV of $1. PVA of $1, and FVA of $1) Which interest rate column and number-of-periods row do you use when working with the following rates? (Round percentage answers to 2 decimal places.) Answer is complete but not entirely correct. Number of Periods 1. 12% annual rate, compounded annually 2.8% annual rate, compounded semiannually 3. 12% annual rate, compounded quarterly 4. 12% annual rate, compounded monthly Interest Rate 12.00 2.00 3.00 1.00 % % % % 2 80 24
Derive an equation to find the end-of-year future sum F that is equivalent to a series of n beginning-of-year payments B at interest rate i. Then use the equation to determine the future sum F equivalent to six B payments of $100 at 8% interest.
Compute the number of years (t) if future value (FV) = $6,636, present value (FV) = $1,895, and interest rate (r) = 11.6%,. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Suppose you deposit $10 every week into an account that earns 4% interest compounded weekly. How much money (to the nearest cent) will you have in the account after 5 years? Summarize the information provided, stating the interest rate in a decimal form. d = r = N = k = Solve the problem and give your answer here
Given i(26) = 6.375 %, find the equivalent nominal interest rate compounded monthly. Question 2Answer a. 6.512% b. 6.448% C. 6.639% d. 6.767% e. 6.384%
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1) The force of interest is given by 8 = 0.014. Compute the following values = 数字 5- 5 5 = 数字 Enter an answer correct to 6 decimal places. 2) You are paid £1 a day for 5 years. The interest rate is 8%. Model the daily payments as an annuity paid continuously and compute the accumulated value of this annuity. £ 数字 Enter an answer correct to 2 decimal places.
You plan to invest in an account which pays 3.5% compounded continuously. If the investment period is for 12 years, then A(P) = P e 0.035 · 12 = P e 0.42 gives the total balance of P dollars. Find a formula for A'(P). Find and interpret A'(4000). Compare the approximation to the actual change. a. b. С. a. A'(P) =| (Type an exact answer in terms of e.) b. A'(4000) = %3D (Round to the nearest cent as needed.) Interpret A'(4000) = 1.52 O A. The future value of a 13 year investment of $4001 will be $ more than the future value of a 13 year investment of $4000. O B. The future value of a 13 year investment of $4000 will be $ more than the future value of a 13 year investment of $4000. O C. The future value of 12 year investment of $4000 at 4.5% will be $ more than the future value of a 12 year investment of $4000 at 3.5%. O D. The future value of a 12 year investment of $4001 will be $ more than the future value of a 12 year investment of $4000. c. A(4001) – A(4000) = dollars per year.…
Calculate the simple interest earned. Round to the nearest cent. P = $4700, r = 7%, t = 1 year

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