30 If 27200 dollars is invested at an interest rate of 6 percent per year, find...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
30 If 27200 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. (a) Annual: Your answer is (b) Semiannual: Your answer is (c) Monthly: Your answer is (d) Daily: Your answer is Question Help: Video: 30 If 27200 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. (a) Annual: Your answer is (b) Semiannual: Your answer is (c) Monthly: Your answer is (d) Daily: Your answer is Question Help: Video:
Expert Answer:
Answer rating: 100% (QA)
To end find of 5 years Compound interest A where A the investment at the y n t a ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these mathematics questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Please do the full calculation through the financial calculator formula as per the Australian standards Question 1 (Total marks for this question = 6 marks) Suppose you take out a loan of $10,000,...
-
If you deposit $20,000 in a savings account at a bank, you might earn 1 percent interest per year. Someone who borrows $20,000 from a bank to buy a new car might have to pay an interest rate of 6...
-
Write a program that takes the name of a .wav file and a playback rate r as command-line arguments and plays the file at the given rate. First, use StdAudio.read() to read the file into an array a[]....
-
Determine whether or not the following quantities can be in the same direction for a simple harmonic oscillator: (a) Position and velocity, (b) Velocity and acceleration, (c) Position and...
-
At time t = 0, a 45 V potential difference is suddenly applied to the leads of a coil with inductance L = 50 mH and resistance R = 180. At what rate is the current through the coil increasing at t =...
-
Indicate by letters which of the following control activities match with the following descriptions: Separation of duties (SD) Restricted access (RA) Proper authorization (PA) Adequate documents and...
-
For each of the following costs, check the columns that most likely apply (both variable and fixed might apply for somecosts). Product Costs Direct nect Period Variable Fixed Raw materials Staples...
-
2. Evaluate a. dx xx-1 b. d. dx 2x+3+x e. S r Ar + 1 dx 1+ 3x dx dx C. x-3x dx f. x4x+1
-
The dependency diagram in Figure indicates that authors are paid royalties for each book that they write for a publisher. The amount of the royalty can vary by author, by book, and by edition of the...
-
2. CONSIDER THE PEPTIDE H2N M-A-T-I-N-I-K - COOH a. The peptide is a for the number of amino residues in its structure. b. The N- terminal amino acid is c. The C-terminal amino acid is and d. The...
-
In a one-page, (total), provide a response to each of the following questions : Deeper Audience analysis - in A2 you identified your intended audience. Now, I'd like you reference this resources from...
-
Adam and Bob were walking down the street, coming back from a baseball game when they saw Chris who smelled of alcohol and looked unsteady. Bob was wearing a baseball hat from the city's rival sports...
-
Instructions Using your critical thinking skills and the information from both "Canada-aimine to shift to all zero-emission electric vehicles by 2035. Federal government" and "Are electric cars...
-
A car moving along a horizontal road, due east at 10 m/s, collides at an intersection with another car of twice the mass that was moving at 18 m/s due south. What is the velocity and direction...
-
1. Calculate the hydrogen ion concentration,[H + ], for the two weak acids(pH=-log[H + ], or [H + ]=antilog(-pH). If you have difficulty finding or using the antilog functionon your calculator,...
-
Mr. Suncat is trying to determine if he should use a job order costing system or an activity-based costing system to better determine the cost of each of his products. He has provided you with the...
-
How can a promoter avoid personal liability for pre-incorporation contracts?
-
Mary paid $2,000 of state income taxes in 2012. The total sales tax she paid during 2012 was $5,500, which included $3,000 for the cost of a new car. How should Mary treat the taxes paid on her 2012...
-
In 2012, Gale and Cathy Alexander hosted an exchange student, Axel Muller, for 9 months. Axel was part of International Student Exchange Programs (a qualified organization). Axel attended tenth grade...
-
Steve Jackson (age 51) is a single taxpayer living at 3215 Pacific Dr., Del Mar, CA 92014. His Social Security number is 465-88-9415. In 2012, Steve's earnings and income tax withholding as the...
-
Mark Miller started his own delivery service, Miller Deliveries, on June 1,2008. The following transactions occurred during the month of June. Instructions (a) Show the effects of the previous...
-
Laura Geller started her own consulting firm, Geller Consulting, on May 1, 2008. The following transactions occurred during the month of May. Instructions (a) Show the effects of the previous...
-
On June 1, Michelle Bullock started Divine Cosmetics Co., a company that provides individual skin care treatment, by investing \($26,200\) cash in the business. Following are the assets and...
Study smarter with the SolutionInn App