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10 Nov 2019
. Simple Interest vs, Compound Interest ã( Problem A:S8500 is invested for 12 years at 4% simple interest. a. Find the accumulated amount at the end of 12 years. Formula needed for this situation: Accumulated amount in 12 years-s b. Problem B: compounded quarterly Find the accumulated amount at the end of 12 years. $8500 is invested for 12 years at 4,5% interest Formula needed for this situation Accumulated amount in 12 years s Problern C: accumulated amount at the end of 12 years S8500 is invested for 12 years at 4.48% interest gompoundedsantinoously. Find the c. Formula needed for this situation: Accumulated amount in 12 years- S 2. Find the effective rate for an investment for 45% compounded quarterly: % (round to 3 decimal places) b. 4.48% compounded continuously: % (round to 3 decimal places) 3. Investments: Ginny is considering an investment for her retirement. If she invests S220 permonth for 25 years and the interest is 32% compounded monthly, then what is the future value of her annuity? (round to the nearest penny a. Formula needed for this situation: Future value of her annuity$ fround to the nearest penny) single investment of SI 4,000 in a different account that pays the same interest (32% If she also makes a compounded monthly), then what is her account value in 25 years? b. Formula needed for this situation: Account Balance in 25 years-$ fround to the nearest penny) c. What is her total amount available for retirement? (add the two answers above) (round to the nearest dollar)
. Simple Interest vs, Compound Interest ã( Problem A:S8500 is invested for 12 years at 4% simple interest. a. Find the accumulated amount at the end of 12 years. Formula needed for this situation: Accumulated amount in 12 years-s b. Problem B: compounded quarterly Find the accumulated amount at the end of 12 years. $8500 is invested for 12 years at 4,5% interest Formula needed for this situation Accumulated amount in 12 years s Problern C: accumulated amount at the end of 12 years S8500 is invested for 12 years at 4.48% interest gompoundedsantinoously. Find the c. Formula needed for this situation: Accumulated amount in 12 years- S 2. Find the effective rate for an investment for 45% compounded quarterly: % (round to 3 decimal places) b. 4.48% compounded continuously: % (round to 3 decimal places) 3. Investments: Ginny is considering an investment for her retirement. If she invests S220 permonth for 25 years and the interest is 32% compounded monthly, then what is the future value of her annuity? (round to the nearest penny a. Formula needed for this situation: Future value of her annuity$ fround to the nearest penny) single investment of SI 4,000 in a different account that pays the same interest (32% If she also makes a compounded monthly), then what is her account value in 25 years? b. Formula needed for this situation: Account Balance in 25 years-$ fround to the nearest penny) c. What is her total amount available for retirement? (add the two answers above) (round to the nearest dollar)
Sixta KovacekLv2
19 Apr 2019