5. What principal will earn $67.52 at 6.75% in 158 days?6. An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if theinterest rate is 6%.7. In how many months will $5000 grow to $6000 at 9.5% p.a.?

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Answered: What principal will earn $67.52 at 6.75…

What principal will earn $67.52 at 6.75 An investment of $12 000,.00 earns a interest rate is 6%. In how many months will $5000 grow t

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

5. What principal will earn $67.52 at 6.75% in 158 days?
6. An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if the
interest rate is 6%.
7. In how many months will $5000 grow to $6000 at 9.5% p.a.?

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