Mathematics

Mathematics, 25.07.2019 12:00, davidoj13

5000 for 5 years at 3.6% compounded monthly

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Mathematics, 17.07.2019 12:30, amiahmiller79

Mr. martin put $5000 into a trust fund on his daughter's 16th birthday. the trust fund pays 9% interest compounded semiannually. what will the trust fund be worth on her 21st birthday? how much interest did the investment earn? how much interest would have been earned if the trust fund was set up with only simple interest? we need to carefully read through the problem to pick out the information needed to plug into the compound interest formula: p - principal = $5000 apr - annual percentage rate = 9% = 0.09 n - # compounding periods a year, semi-annually = 2 (twice a year) y - # of years; 21-16 = 5 years plugging in we get: calculator keystrokes: 5000 x (1 + 0.09 ÷ 2) ^ (2 x 5) = to calculate the interest earned, we need to take the final amount and subtract the principal: $7764.85 - $5000 = $2764.85 and finally, to get the simple interest that would have be earned we plug into the simple interest formula: i = 5000(0.09)(5) = $2250.00 jesse decides to invest his income tax refund of $2300 in a cd earning 5.5% interest compounded quarterly. how much will the cd be worth in 3 years? how much more would be earned if it was compounded monthly at the same interest rate? quarterly: monthly: difference: $2711.58 - $2709.56 = $2.02 your turn: in the previous example, what would the cd have been worth if it was compounded semi-annually? round to the nearest cent and do not enter the $ symbol.

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Mathematics, 25.07.2019 03:30, jocejay83681

Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously.

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Mathematics, 25.07.2019 03:30, oofoofoof1

Find the accumulated value of an investment of $5000 for 10 years at an interest rate of 6.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously. me

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Mathematics, 22.08.2019 14:30, jamiahfernandes14

Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years

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