76 Answered Questions for the topic calc1

How many years will it take for an initial investment of $10,000 to grow to $35,000?  Assume a rate of interest of 15​% compounded continuously.

How many years will it take for an initial investment of $10,000 to grow to $35,000?  Assume a rate of interest of 15​% compounded continuously.It will take about _____ years for the investment to... more

If ​$15,000 is invested at 3​% compounded monthly​, what is the amount after 9 ​years?

If ​$15,000 is invested at 3​% compounded monthly​, what is the amount after 9 ​years?The amount after 9 years will be ​$ ________ (round to the nearest cent)

Use the continuous compound interest formula to find the indicated value. A=​$16,142​; P=​$12,200​; t=36 ​months; r=​?

Use the continuous compound interest formula to find the indicated value.A=​$16,142​; P=​$12,200​; t=36 ​months; r=​?r=__________​%​(Round to three decimal places as​ needed.)

10/25/20

Use the compound interest formula to find the future value A for the following values.

Use the compound interest formula to find the future value A for the following values.P=$500i=0.059n=25A=$__________ ​(Round to the nearest​ cent.)

The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's simple interest rate r to the nearest tenth of a percent.

The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's simple interest rate r to the nearest tenth of a percent.P​ = ​$3400.00​, A​ = ​$3472.25​, t​ =... more

Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following loan at the given annual rate. Annual payments of ​$4,700 are made

Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following loan at the given annual rate.Annual payments of ​$4,700 are made for 10 years to repay a loan at 4.85​% compounded... more

10/24/20

The annual interest rate on a credit card is 14.99​%. If a payment of ​$100.00 is made each​ month, how many months will it take to pay off an unpaid balance of ​$2,546.26​?

The annual interest rate on a credit card is 14.99​%. If a payment of ​$100.00 is made each​ month, how many months will it take to pay off an unpaid balance of ​$2,546.26​? Assume that no new... more

The annual interest rate on a credit card is 13.99​%. If the minimum payment of ​$20 is made each​ month, how many months will it take to pay off an unpaid balance of ​$879.15​?

The annual interest rate on a credit card is 13.99​%. If the minimum payment of ​$20 is made each​ month, how many months will it take to pay off an unpaid balance of ​$879.15​? Assume that no new... more

You want to purchase an automobile for $32,383. The dealer offers you​ 0% financing for 48 months or a $6,122 rebate. You can obtain 5.7% financing for 48 months at the local bank.

You want to purchase an automobile for $32,383. The dealer offers you​ 0% financing for 48 months or a $6,122 rebate. You can obtain 5.7% financing for 48 months at the local bank. Which option... more

they paid $24,252 down on a new house and are to pay $820 per month for 15 years. If interest is 4.5% compounded​ monthly, what was the selling price of the​ house?

Some friends tell you that they paid $24,252 down on a new house and are to pay $820 per month for 15 years. If interest is 4.5% compounded​ monthly, what was the selling price of the​ house? How... more

10/24/20

Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following loan at the given annual rate.

Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following loan at the given annual rate.Annual payments of ​$3,800 are made for 14 years to repay a loan at 6.85​% compounded... more

Solve the following problem. n=36​; i=0.05​; PMT=$257​; PV=?

Solve the following problem.n=36​; i=0.05​; PMT=$257​; PV=?PV=$ __________ ​(Round to two decimal​ places.)

Use technology and the future value formula to find i. FV=​$7,426​; PMT=​$600​; n=9​; i=​?

Use technology and the future value formula to find i.FV=​$7,426​; PMT=​$600​; n=9​; i=​?i=________​(Round to two decimal places as​ needed.)

You can afford monthly deposits of $270 into an account that pays 3.9% compounded monthly. How long will it be until you have $6,400 to buy a​ boat?

You can afford monthly deposits of $270 into an account that pays 3.9% compounded monthly. How long will it be until you have $6,400 to buy a​ boat?Type the number of​ months: ______​(Round to... more

10/21/20

You can afford monthly deposits of $90 into an account that pays 3.9% compounded monthly. How long will it be until you have $7,700 to buy a​ boat?

You can afford monthly deposits of $90 into an account that pays 3.9% compounded monthly. How long will it be until you have $7,700 to buy a​ boat?Type the number of​ months: _______​(Round to the​... more

10/21/20

Use technology and the future value formula to find i.

Use technology and the future value formula to find i.FV=​$6,167​; PMT=​$700​; n=7​; i=​? i = ________

10/20/20

Use compound interest formula A=P(1+i)n to find n. A=​2P; i=0.15​; n=​? n=__________ ​ (Do not round until the final answer. Then round up to the nearest integer as​ needed.)

Use compound interest formula A=P(1+i)n to find n.A=​2P; i=0.15​; n=​?n=__________ ​(Do not round until the final answer. Then round up to the nearest integer as​ needed.)

10/20/20

Type the number of​ months: nothing ​(Round to the​ next-higher month if not​ exact.)

You can afford monthly deposits of $90 into an account that pays 3.9% compounded monthly. How long will it be until you have $7,700 to buy a​ boat?Type the number of​ months: __________​(Round to... more

10/20/20

Use technology and the future value formula to find i. FV=​$5,352​; PMT=​$600​; n=7​; i=​? I = _______ ​(Round to two decimal places as​ needed.)

Use technology and the future value formula to find i.FV=​$5,352​; PMT=​$600​; n=7​; i=​?I = _______ ​(Round to two decimal places as​ needed.)

10/20/20

Use the future value formula to find the indicated value. n=42​; i=0.03​; PMT=$109​; FV = ? FV = $ ______

Use the future value formula to find the indicated value.n=42​; i=0.03​; PMT=$109​; FV = ?FV = $ ______ (round to nearest cent)

10/20/20

If ​$16,000 is invested at 4​% compounded quarterly​, what is the amount after 10 ​years?

If ​$16,000 is invested at 4​% compounded quarterly​, what is the amount after 10 ​years?The amount after 10 years will be ​$ ______

10/20/20

How long will it take money to quadruple if it is invested at the following​ rates? ​(A) 5.2​% compounded weekly ​(B) 6.5​% compounded

How long will it take money to quadruple if it is invested at the following​ rates?​(A) 5.2​% compounded weekly​(B) 6.5​% compoundedA) _____ YEARS (Round to two decimal places as needed)

10/11/20

Given that f is a quadratic function with minimum f(x)=f(6)=1​, find the​ axis, vertex, range and​ x-intercepts.

Given that f is a quadratic function with minimum f(x)=f(6)=1​, find the​ axis, vertex, range and​ x-intercepts.

10/10/20

A person wishes to have $21,900 cash for a new car 3 years from now. How much should be placed in an account​ now, if the account pays 4.9% annual interest​ rate, compounded​ weekly?

A person wishes to have $21,900 cash for a new car 3 years from now. How much should be placed in an account​ now, if the account pays 4.9% annual interest​ rate, compounded​ weekly?$ ______ (round... more

10/10/20

Finance. Suppose that $6,500 is invested at 4.1% annual interest​ rate, compounded monthly. How much money will be in the account in​ (A) 5 ​months? (B) 18 ​years

Finance. Suppose that $6,500 is invested at 4.1% annual interest​ rate, compounded monthly. How much money will be in the account in​ (A) 5 ​months? (B) 18 ​years​(A) Amount after 5 ​months: ​$ ... more

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