Calculus, Early Transcendentals
9th Edition
ISBN: 9781337613927
Author: Stewart
Publisher: CENGAGE L
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Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $13,000, r = 6%, t = 10, compounded quarterly
A = $ 31902
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TANAPCALC10 5.3.003.
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Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $140,000, r = 8%, t = 8, compounded monthly
A = $259130.20 X
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Find the present value of $20,000 due in 3 years at the given rate of interest. (Round your answers to the nearest cent.)
(a) 2%/year compounded monthly
(b) 5%/year compounded daily
$
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TANAPCALC10 5.3.009.
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Find the accumulated amount after 3 years if $4000 is invested at 3%/year compounded continuously. (Round your answer to the nearest cent.)
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Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.)
(a) 9.5%/year compounded monthly
%
(b) 9.5%/year compounded daily
%
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Find the present value of $90,000 due in 7 years at the given rate of interest. (Round your answers to the nearest cent.)
(a) 9%/year compounded semiannually
(b) 9%/year compounded quarterly
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