The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%. Given : Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

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Answer 1

Question

Chapter 8.6, Problem 12PE

(a)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(b)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

(c)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(d)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

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Answer 2

Question

Chapter 8.6, Problem 12PE

(a)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(b)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

(c)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(d)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

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Answer 3

Question

Chapter 8.6, Problem 12PE

(a)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(b)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

(c)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(d)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

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Answer 4

Question

Chapter 8.6, Problem 12PE

(a)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(b)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

(c)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(d)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Expert Solution & Answer

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See solution

Answer 5

Chapter 8.6, Problem 12PE

(a)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(b)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

(c)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

(d)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 6

Chapter 8.6, Problem 12PE

(a)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 7

Chapter 8.6, Problem 12PE

(a)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 8

(b)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 9

(b)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 10

(c)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 11

(c)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 12

(d)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 13

(d)

To determine

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 8.1 - a. Given the functions f and g, the function...Ch. 8.1 - Given fx=x2 and gx=2x3, find a. f2 b. g2 c. f+g2 Ch. 8.1 - Prob. 3PE Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - Prob. 6PE Ch. 8.1 - Prob. 7PE Ch. 8.1 - Prob. 8PE Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - Prob. 10PE

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%. Given : Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Concept explainers

Videos

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Want to see the full answer?

Chapter 8 Solutions

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%. Given : Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Concept explainers

Videos

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%. Given: Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%. Given: Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%. Given: Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%. Given: Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.

Want to see the full answer?

Chapter 8 Solutions

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 4.5% or 0.045. And as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 5.5% or 0.055 and as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 4.5%.

Given:

Principal amount P as $5000, rate of interest r as 7% or 0.07. And as interest is compounded quarterly, so clearly n=4 here and t=8.

The last amount after 8 years of an initial amount of $5000, if interest is compounded quarterly and rate is given as 9%.

Given:

Principal amount P as $5000, rate of interest r as 9% or 0.09. And as interest is compounded quarterly, so clearly n=4 here and t=8.