What is the principal that will grow to $1700 in seven years, four months at 6.6% compounded monthly? The principal is S (Round to the nearest cent as needed Round all intermediate values to six decimal places as needed.)
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- What is the principal that will grow to $2600 in four years, one month at 4.5% compounded annually? The principal is S (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed)What principal will have a future value of $6051.00 at 5.1% in two months? The principal is $ TRound the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)An amount of $29,200 will provide 9 years of payments of $2,518.50 at the end of every 6 months. Find the corresponding interest rate as a percentage with 2 decimals, e.g., 9.87 a) What is the monthly compounded nominal rate? Mode N = P/Y = Rate = b) What is the effective rate?
- Find the principal P that corresponds to the future value F = $10,000 under r = 5.2% interest compounded quarterly for t = 18 months. Round your final answer to two decimal places. What nominal rate compounded monthly is equivalent to 20% compounded annually? Round off your answer to six decimal places. Show a solutions.At what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13 in 6 years
- At what nominal rate, compounded every 2 months, would $14,000.00 have to be invested to amount to $26,925.67 in 6 years? The rate would be ____________%. (if needed, round to 1 decimal place.)What interest will be earned if $6500 is invested for 7 years at 10% compounded monthly? (Round your answer to the nearest cent.)$What is the effective annual rate of interest if $1200.00 grows to $1700.00 in three years compounded monthly? The effective annual rate of interest as a percent is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
- What would be the future value of $7,992 invested annually for nine years beginning one year from now if the annual interest rate is 10 percent? (Round answer to 2 decimal places, e.g., 1,220.25.) Future value . . $What cash payment is equivalent to making payments of $944.00 at the end of every six months for 9 years if interest is 9% per annum compounded quarterly?What is the effective annual rate of interest if $1200.00 grows to $1500.00 in two years compounded semi-annually? The effective annual rate of interest as a percent is%. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)