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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What is the PV of an annuity due with 5 payments of $2,500 at an interest rate of 5.5%? Hint: when you see the word “due”, it means that the first payment happens right away (rather than at the end of the period) so you must adjust the formula, in Excel make type=1: =PV(Rate, nper, pmt, fv, type=1)
A saving account earns compound interest at an annual effective interest rate i. Given that d12,41 = 0.08, Find i1,51- %3D
Suppose that P dollars in principal is invested in an account earning 2.1% interest compounded continuously. At the end of 2 yr, the amount in the account has earmed $193.03 in interest. a. Find the original principal. Round to the nearest dollar. (Hint: Use the model A = Pe" and substitute P + 193.03 for A.) b. Using the original principal from part (a) and the model A = Pe", determine the time required for the investment to reach $6000. Round to the nearest tenth of a year.
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
How do I find the annual percentage rate with the effective interest rate?
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
Cullumber Corporation is about to issue $1.120,000 of 9-year bonds that pay a 5% annual interest rate, with interest payable semi- annually. The market interest rate is 6%. Assuming all bonds are issued, how much can Cullumber expect to receive for the sale of these bonds? (a) Your answer is correct. Of the variables listed in the dropdown, choose the variable being calculated? Present value eTextbook and Media Attempts: 1 of 3 used
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.
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A customer is offered an investment where interest is calculated according to the force of interest,t {0.02t 0 ≤ t ≤ 3, 0.045 t > 3If the customer invest GH¢1000 now, what rate of interest, compounded quarterly is earned over the first 4 year period.

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