What principal will make a profit of $71.99 at 8 ½% in 200 days?

Q: Suppose a person invests a toal of $10,000 in two accounts. One account earns 8% annually and the…

A: Simple Interest is method of computing interest where compounding is not done. Compounding refers to…

Q: 8. Computing APY. What would be the annual percentage yield for a savings account that earned $56 in…

A: APR is the Annual Percentage Rate and APY is the Annual Percentage yield. Both the terms used to…

Q: An investor receives $1,050 in 6 months in return for an investment of $1,000 now. What is the…

A: Compound = ContinuousFuture Value = fv = $1050Time = t = 6 / 12 = 0.5 YearsPresent Value = pv =…

Q: The past five monthly returns for PG&E are -3.25 percent, 4.08 percent, 3.85 percent, 6.59 percent,…

A: The rate of return that an investor is expected to earn from the investment is term as the expected…

Q: Question 2: A debt of $24,000 is repaid by quarterly payments of $1,100. If interest is 6.0%…

A: Approach to solving the question: Detailed explanation:        Examples: Key references:

Q: If $1 million face amount of commercial paper(270 day paper) is sold for $982,500, what is the…

A: Calculating the value of simple rate of interest paid on commercial paper. We have,Face value of…

Q: How long would it take for an investment of $3,500 to become $4,200 if it is invested in an account…

A: The provided information are: Principal amount (P) = $3500 Future value (A) = $4200 Compounding is…

Q: You invest $8,500 in a savings account that pays interest of 4.8% compounded monthly. To the nearest…

A: The future value function is applied when the investor wants to know how much he/she will get after…

Q: uppose you deposit $1,681.00 into an account today that earns 11.00% p.a. It will take years for the…

A: Future value of the money is the amount deposited and the amount of compounding interest accumulated…

Q: 1. If $100 is deposited today in an account paying 9 percent compound annual interest, how much will…

A: The first question is asking for the future value of a single sum. The formula for future value is…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9080, r = 5.25%, t = 4 months

A: Simple interest means that the borrower only needs to calculate interest each year on the principal…

Q: what is the annual percentage yield for an account that earns 6.1 % intreast compounded continously

A: annual percentage yield (APY) is the return earned on  a deposit taking into consideration the…

Q: How much will $7500 in savings today be worth 5 years from now if it earns 6%, compounded monthly?…

A: Compound = Monthly = 12Present Value = pv = $7500Time = t = 5 * 12 = 60Interest Rate = r = 6 / 12 =…

Q: What amount of money will accumulate to $8365.5 in 337 days at an interest rate of 8.6% p.a.?

A: Accumulate amount is equal to interest plus principal amount. Here aked to. Calculate principal…

Q: What was a $4400 investment worth after 6 and 3/4 years if it earned 5.4% compound monthly?

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: Solve for the missing item in the following. Principal is $530 interest rate is 6% simple interest…

A: Simple interest = Principal x rate of interest x month/12

Q: Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12%…

A: Solution:- When an amount is borrowed, it can either be repaid as lump sum payment or in…

Q: You invested 7,667.40 into an account that pays 9.15% interest. How much money will you have in 40…

A: The future value of money refers to the estimated value of a certain amount of money on a specific…

Q: What is the effective annual rate of 6%, compounded monthly? O 6.12% O 6.06% O 6.14% O 6.17% O 6.24%

A: Effective Annual rate The effective annual interest rate is that real return that is paid on the…