Mathematics
Mathematics, 03.09.2019 22:30, shaheedbrown06

If you invest x dollars at 6% interest compounded annually, then the amount a(x) of the investment after one year is a(x) = 1.06x. find a β—‹ a, a β—‹ a β—‹ a, and a β—‹ a β—‹ a β—‹ a. what do these compositions represent?

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Mathematics, 04.08.2019 04:10, zainababbas25
1. heather makes regular contributions to her registered retirement savings plan (rrsp). which investment schedule would provide for the greatest accumulated amount after one year? a) $1200 invested on january 1 and on july 1 at 6% compounded semi-annually. b) $600 invested on january 1, april 1, july 1, and october 1 at 6% compounded quarterly. c) $2400 invested on january 1 at 6% compounded annually. d) $200 invested on the first day of each month at 6% compounded monthly. 2. an investment of $350 in blue chip stocks grows to $358.24 in 8 months. if this growth rate were to continue for a year, what would be the annual return on investment, roi? a)1.54% b) 1.92% c) 3.53% d) 0.68% 3. you purhased 47 shares in addle computers in 1999 for $3.25/share. today you want to sell them for $31.92/share and invest the entire amount in canada savings bonds, which you feel are less risky. canada savings compound interest bonds are currently issued earning 734% interest, compounded annually. what is the return on investment, roi, on the addle shares and what will the maturity value for the canada savings bond be if it matures in 7 years? a) roi is 8.82% and the mv is $10,616.25 b) roi is 882% and the mv is $2,374.44 c)roi is 8.82% and the mv is $2,314.12 d) roi is 882% and the mv is $2,529.77 4. if you invest $2,000.00 for 6 years in each of the following guaranteed investment certificates (gics), how much greater are your earnings with the best one than with the worst one? i. 8% compounded annually ii. 7.75% compounded quarterly iii. 7.5% compounded daily a) $37.27 b) $6.21 c) $24.85 d)$33.42 5. your parents are saving for your post secondary education so they want $18,000 in a savings account for you in 5 years. how much should be invested now at 5.8% annual interest, compounded weekly, in order to save enough for your schooling? a) $24,051.60 b) $9,876.53 c) $13,587.44 d) $13,470.92
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