647 Answered Questions for the topic calc
10/25/20
Use the future value formula to find the indicated value. n=22; i=0.02; PMT=$51; FV=?
Use the future value formula to find the indicated value.n=22; i=0.02; PMT=$51; FV=?FV=$ ____________(Round to the nearest cent.)
10/25/20
More Money 4U offered an annuity that pays 6.6% compounded monthly. If $1,529 is deposited into this annuity every month, how much is in the account after 12 years? How much of this is interest?
Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $1,529 is deposited into this annuity every month, how much is in the account after 12 years? How much of this...
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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
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
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
The annual interest rate on a credit card is 12.99%. If the minimum payment of $20 is made each month, how many months will it take to pay off an unpaid balance of $856.96?
The annual interest rate on a credit card is 12.99%. If the minimum payment of $20 is made each month, how many months will it take to pay off an unpaid balance of $856.96? Assume that no new...
more
10/24/20
The annual interest rate on a credit card is 12.99%. If the minimum payment of $20 is made each month, how many months will it take to pay off an unpaid balance of $856.96?
The annual interest rate on a credit card is 12.99%. If the minimum payment of $20 is made each month, how many months will it take to pay off an unpaid balance of $856.96? Assume that no new...
more
10/24/20
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem.
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$5,000; i=0.01; PMT=$250; n=?n=________ (Round up to the...
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10/24/20
Solve the following problem. PV=$24,187; n=102; i=0.035; PMT=?;
Solve the following problem.PV=$24,187; n=102; i=0.035; PMT=?;PMT=$_______ (Round to two decimal places.)
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.)
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 = ________
First derivative test and curve sketch analysis
y= (x-5)/(x^2)sketch the curve using a first derivative test, second derivative test, and a curve sketch analysis.I thought I had found that the critical values from finding the derivative and...
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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.)
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