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 $5500 in nine years, two months at 4.4% compounded quarterly? ..... The principal is $. (Round 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 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.)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 nominal rate compounded monthly is equivalent to 20% compounded annually? Round off your answer to six decimal places. Show a solutions.
- 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.)At what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13 in 6 yearsWhat interest will be earned if $6500 is invested for 7 years at 10% compounded monthly? (Round your answer to the nearest cent.)$
- If $12000 per quarter is invested in an account that earns a nominal annual interest rate of 11 % compounded monthly, how much money will be in the account at the end of 6 years? round to nearest dollarWhat 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.)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 . . $