Question: Use the compound interestformulas, A=P (1+r/n) nt and A=Pe rt , to solve the following problem. Find the accumulated value of an investment of $10,000

Use the compound interestformulas, A=P (1+r/n)^nt and A=Pe^rt, to solve the following problem.

Find the accumulated value of an investment of $10,000 for 6 years at an interest rate of 6.5% if the money is a. compoundedsemiannually; b. compoundedmonthly; c. compounded continuously.

What is the accumulatedvalue, if the money is compoundedsemiannually?

(Round your answer to the nearestcent.)

b. What is the accumulatedvalue, if the money is compoundedmonthly?

(Round your answer to the nearestcent.)

c. What is the accumulatedvalue, if the money is compoundedcontinuously?

(Round your answer to the nearestcent.)

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!

Anything will help!! Sales ($millions) Month 1 2 1 470 3 2 485 499 4 3 5 4 515 6 530 6 7 5 532 8 7 556 9 8 576 9 10 11 10 583 587 601 12 11 13 12 605 Open the monthly sales JMP file. Perform (1)...

t nt Use the compound interest formulas. A : P [t + H] and A : Pen, to solve the following problem, Find the accumulated value of an investment of 320,000 for 7 years at an interest rate off} 5% if...

rt Use the compound interest formulas, A = P 1 + and A = Pe", to solve the following problem. Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 4.5% if the...

UNIT 5 QZ, Q-20 UNIT 5 / UNIT 8 QUESTIONS KEEP ANSWERS SEPARATE BY UNITS UNIT II STUDY GUIDE Consumer Mathematics Reading Assignment See information below. Key Terms 1. Add-on interest method 2....

the answer nt r Use the compound interest formulas A =P (' + | and A=Pe to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $10,000 for 6...

EXAMPLE: Use the formula for future value simple interest to find the indicated quantity. A = 22135, P = 19000, t = 39 weeks and find r =? Solution: A = P (1 + rt), Present Value (A) = 22135,...

LEARNING COMPETENCIES After studying this module, you will be able to do the following: Find the amount of simple and compound interest; Ascertain exact, ordinary interest, maturity value, and simple...

I need the answers or instructions on how to get the answers for all of problem three and the unfinished part of problem 4. This class is financial modeling, must use the formulas by tagging them to...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

JUST ANSWER THE FIRST PAGE: ALL INFO ARE ALREADY GIVEN PRESENT VALUE OF SIMPLE ANNUITY DUE EXAMPLE: Hope borrows money for the renovation of her house and repays by making yearly payments of P50,...

All other factors constant, for a given reference obligation and a given scheduled term, explain whether a credit default swap using full or old restructuring or modified restructuring would be more...

For H2O use HF/6-31G* to optimize the geometry and then calculate the ESP charges according to each of the methods Merz-Singh-Kollman, CHELP, and CHELPG, To do this in Gaussian, in addition to Opt on...

Choose the correct statement about the following series: n = 0 n 1 0 ( 1 0 ) n + 1 Group of answer choices n 1 0 is larger than 1 for all n > 1 0 so this series diverges. This alternates between...

Revol Industries manufactures plastic bottles for the food industry. On average, Revol pays $76 per ton for its plastics. Revol's waste-disposal company has increased its waste-disposal charge to $57...

Oxy Corp. is negotiating with the Wick Construction Co. for the renovation of the Oxy corporate head quarters. Wick, the owner of the Wick Construction Co., is also one of the five members of the...

Tiny Toys is using a cost-of-quality approach to evaluate design engineering efforts for a new toy robot. The company's senior managers expect the engineering work to reduce appraisal, internal...

This Mini Practice Set will help you review all the key concepts of the account- ing cycle for a merchandising company along with the integration of payroll. Betty Loeb took over the business now...

UTStarcom is a global leader in the manufacture, integration, and support of networking and telecommunications systems. The company sells broadband wireless products and a line of handset equipment...

AZ Devices manufactures a number of different electronic devices. One of their products is AZ-750 calculator. Calculators are sold every day of the month, but are only produced at the factory 5 days...

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....

How will it feel to have achieved this? Describe this briefly to yourself.