76 Answered Questions for the topic calc1
10/25/20
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...
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10/25/20
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)
10/25/20
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.)
10/25/20
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 =...
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10/25/20
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...
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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...
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10/24/20
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...
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10/24/20
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...
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10/24/20
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...
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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...
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10/24/20
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.)
10/21/20
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.)
10/21/20
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...
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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...
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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...
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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)
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 $ ______
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)
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.
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...
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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: $ ...
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