Find the amount of interest for $3000 in an account paying simple interest of 5% for 2

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Find the amount of interest for $3000 in an account paying simple interest of 5% for 2 years.

Find the amount of interest for $3000 in an account paying 5% interest compounded annually for 2 years.

Find i , the rate of interest per period, if $5000 is compounded monthly at 3% annual rate (APR). (Write the answer as a %)

Find n, the number of interest periods, if $4000 is invested for 7 years at 10% interest compounded quarterly.

Find the future value of $7000 compounded weekly at 8% APR for 3 years.

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Dec 27, 2023 12:45 AM

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Find the amount of interest for $3000 in an account paying simple interest of 5% for 2

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