Find the interest earned on a $30,000 deposit for 6 months at 11 2% interest, compounded continuously.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

See More Books

Question Posted: Sep 12, 2022 03:18 AM

See More Questions

Find the interest earned on a $25,000 deposit for 2 years at 4.7% interest, compounded continuously. Round to the nearest cent.
Find the interest earned at 3.7%, compounded continuously, for 5 years for the continuous income stream with rate of flow f(t)=200t.
Find the interest earned on $50,000 deposited for 6 years at 11 % 8 interest, compounded continuously. Round to the nearest cent.
By a work sampling study: Observed Data The machine is being used Proportion of manual labour (machine is running and/or (servicing time) T-% machine is random serviced) Allowance Time Proportion of...
a. Why were the US regulators in the twentieth century opposed to options trading? b. What role did the BlackScholesMerton model play in changing regulators views?
GoWeb IT Inc. is a public company that manufactures and sells IT systems and also provides IT training and support. GoWebs customers can purchase IT system hardware or support services separately,...
Plaintiff purchased stain and paint from defendant that, upon application, presented significant issues: discoloration and cracking. These issues became apparent 30 days after receipt of the...
The Canine Gourmet Company produces delicious dog treats for canines with discriminating tastes. Management wants the box filling Line to be set so that the process average weight per packet is 45...
a) In the conventional theory of the firm, the principal objective of a business is profit maximisation. Under the differences in consumer tastes and technology drive, price and output of a given...
Wal-Mart Stores (Walmart) is the worlds largest retailer. It employs an everyday low price strategy and operates stores as three business segments: Wal-Mart Stores U.S., International, and Sams Club....
Suppose $600 is deposited into an account every quarter. The account earns 1.5% interest, compounded quarterly. a. What is the future value of the account after 5 years? b. Write the future value...
Rob deposits $1,000 in a savings account at New York State Bank that pays 1.4% interest, compounded monthly. a. How much is in his account at the end of 1 year, to the nearest cent? b. What is the...
Give the name of a type of statistical picture that could be used for each of the following kinds of data: a. One categorical variable b. One measurement variable c. Two categorical variables d. Two...
Network models such as PERT and CPM are used a. to plan large and complex projects. b. to schedule large and complex projects. c. to monitor large and complex projects. d. to control large and...
Simulation is a technique to imitate real-world situations with mathematical models not affecting operations. a. True b. False
In analyzing a problem, you should normally study a. the qualitative aspects. b. the quantitative aspects. c. both a and b. d. neither a nor b.
Early European airlines carried passengers. Why werent passengers carried on the first U.S. commercial flights?
Using simulation for a queuing problem would be appropriate if a. the arrival rate follows a Poisson distribution. b. the service rate is constant. c. the FIFO queue discipline is assumed. d. there...
Describe the probable shifts in the demand curves for a. Airplane trips when airlines' on-time performance improves b. Automobiles when airplane fares double c. Automobiles when gasoline prices...
Reconsider Prob. 1474. In order to drain the tank faster, a pump is installed near the tank exit as in Fig. P1475. Determine how much pump power input is necessary to establish an average water...
The straight line depreciation equation for a car is y = 2,400x + 36,000. a. What is the original price of the car? b. How much value does the car lose per year? c. How many years will it take for...
A car is originally worth $43,500. It takes 12 years for this car to totally depreciate. a. Write the straight-line depreciation equation for this situation. b. How long will it take for the car to...
Prices for used stainless steel side trim for a 1957 Chevrolet convertible are $350, $350, $390, $400, $500, $500, $500, $600, $650, $725, $800, $850, $900, and $1,700. The prices vary depending on...
Job fatigue and stress are significant problems faced by employees and their managers. Unfortunately, when a case of depression arises as a result, trying to resolve the problem may be...
What is the difference between job specifications, job description, and a job posting? Provide an explanation for your response.
Requirement 2. Prepare the income statement for the year ended March 31, 2022. (Click to view the information you will need to complete the income statement. Robin Sporting Goods Company Income...

Find the interest earned on a $30,000 deposit for 6 months at 11 2% interest, compounded continuously.

Question:

Step by Step Answer:

Interest is given by IFVPV where FV is the future value and P...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

Students also viewed these Mathematics questions