Question: How to solve this exercice ? ades (a) Find the interest rate needed for an investment of 28500 dollars to grow to an amount of

How to solve this exercice ?

ades (a) Find the interest rate needed for an investment of 28500 dollars to grow to an amount of 40250 dollars in 9 years if the Problems interest is compounded monthly. percent per year. Problem 1 / (b) How long will it take 28500 dollars to grow to 39685 dollars if the investment earns interest at the rate of 4.4 percent per Problem 2 year compounded monthly? Problem 3 / years. Problem 4 / Problem 5 /

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 Mathematics Questions!

Static pressure P is measured at two locations along the wall of a laminar boundary layer (Fig. P1087). The measured pressures are P 1 and P 2 , and the distance between the taps is small compared to...

May someone please help me answer the following questions? I would like to double check my solutions. Thank you so much! I appreciate you!!83. How long will it take $5000 to grow to $6500 if the...

hi, i need help with my math assignment. Question number 7 from the first picture below, question number 16 and another question number 7 from the third picture ` Pathway / Algebra Problemi S``` X|...

these answers are not correct (1 point) Financing a home Richard borrowed 195000 dollars from his bank to help finance the purchase of a house. The bank charges interest a rate of 6.6 percent per...

Determine where the function is concave upward and where it is concave downward. (Enter your answer using interval notation. If an answer does not exist, enter DNE.) g(X) = X2 + 5x + 2 concave upward...

Use logarithms to solve 87. Find the interest rate needed for an investment of $5000 to grow to an amount of $6000 in 3 years if interest is compounded continuously. n ches bus savod sthi bloa

Calculate the present value of $9000 to be received in 7 years at 5% interest compounded annually. 2. Determine the amount of time required for your money to triple at 5% simple interest. 3. Seven...

1. In computing the present and future value of multiple cash flows: A) each cash flow is discounted or compounded at the same rate. B) each cash flow is discounted or compounded at a different rate....

Chapter 3 Describe and explain the terms climate sensitivity, fat tail, and low beta, and how they relate to climate change. What are the estimated economic costs of global warming? Can we trust...

this is 14.1 Ch 14: End-of-Chapter Problems - Planning for Retirement Back to A mer Attempts: Average 12 2. Ch14 Financial Planning Exercise 3 elook Chapter 14 Financial Planning Exercise 3...

1: Describe and explain the terms climate sensitivity, fat tail, and low beta, and how they relate to climate change. 2: What are the estimated economic costs of global warming? Can we trust these...

For each event E of the sample space , define probability, P(E), to satisfy the following three axioms: (10%): (1) 0 P(E)

Write the second-order initial-value problems (11.3) and (11.4) as first-order systems, and derive the equations necessary to solve the systems using the fourth-order Runge-Kutta method for systems.

Which of the following should NOT be included as part of manufacturing overhead at a company that makes offlce fumiture? Sheet steel in a file cabinet made by the company. Manufacturing equipment...

A steel ball with a specific gravity of 7.86 g cm -3 and a diameter of 0.2 cm falls through a thick liquid along 10 cm for 25 s. The density of the liquid is 1.5 g cm-3. What is the radius of the...

Paste Clipboard B188 A 1 Employee ID 2 A1 3 A2 4 A3 5 A4 6 A5 7 A6 8 A7 9 A8 10 A9 11 A10 12 A11 13 A12 14 A13 15 A14 16 A15 17 A16 18 A17 19 A18 20 A19 21 A20 22 A21 E -00433 BIU H Font XV fx 2017...

Now suppose the net returns of the three stocks are given by table 2. Stock A B C u d 10% 20% 20% 10% 15% 15% Table 2: The net returns of the stocks. (a) Let FA and fc be the net returns of stocks A...

In the Oswald viscometer, water flows 25 s from mark line a to b' while fluid A flows 38 s. The water density at 20 oC and liquid A are 0.9982 and 0.78945 kg dm-3, respectively. Calculate the...

What are some best practices that you can follow to effectively engage with a relationship-oriented customer?

=+What steps would you want to take before participating in the conversation?

=+1. You are a social media manager for a local school system. Some of your colleagues have been watching some larger brands be creative with their writing style, embracing a snarky approach. What...

=+3. You are asked to do a social media communication audit for your university. Identify the internal and external characteristics of its social media presence, and make three recommendations based...