Question: Find ( a ) the compound amount and ( b ) the compound interest rate for the given investment and rate. $ 8 0 0

Find (a) the compound amount and (b) the compound interest rate for the given investment and rate.
$8000 for 2 years at an effective rate of 8%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $4000 for 3 years at an effective rate of 5% Find (a) the compound amount and (b) the compound...

Q:

include the intrest rate % Find (a) the compound amount and (b) the compound interest rate for the given investment and annual rate. $750 for 7 years at 12% compounded monthly (a) The compound amount...

Q:

Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $11,000 for 3 years at an effective rate of 7% (a) The compound amount in the account after 3 years...

Q:

Need help with this one is really confusing. need an answer with an explanation. 1. A manufacturer sells a product at $9.55 per unit, selling all produced. The xed cost is $2300 and the variable cost...

Q:

Find ( a ) the compound amount and ( b ) the compound interest rate for the given investment and rate. $ 3 0 0 0 for 3 years at an effective rate of 3 %

Q:

29. Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $4000 for 4 years at an effective rate of 6% (Do not round until the final answer. Then round to...

Q:

Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $3000 for 3years at an effective rate of 4 %.

Q:

Find (a) the compound amount and (b) the compound interest for the given investment and rate: 1. $2000 for 5 years at an effective rate of 2%. (a) The compound amount is $ . (b) The compound interest...

Q:

1.Show that the statement is true by using properties of the real numbers. 5x(y9)=5xy45x Rewrite 5x(y9) by multiplying 5x by each term inside the parentheses using the distributive property. Rewrite...

Q:

In Problems 1 and 2, find (a) the compound amount and (b) the compound interest for the given westment and rate. 1. $250 after 5 years with an effective rate of 12% 2. $1000 after 15 quarters with an...

Q:

What are the two important characteristics of a control test? What actions are typically used to perform control tests?

Q:

6.28 A south Texas gulf coast formation at 12,000 ft was found to have a pore pressure of 17,500 psi and a bulk density of 2.35 g/cm. Compute the fracture gra- dient using the following: (a) The...

Q:

An owner of the advertising firm has a close friend working as the top manager in the mobile compamy. As a result, of the friend's assistance, the advertising firm was able to win the bidding...

Q:

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...