This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose you invest $P on a CD paying 4.15% interest compounded continuously for a term of 250 days. ... (Read 671 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: May 5, 2020

Question 1

Suppose you invest $P on a CD paying 3.375% interest compounded continuously for a term of 100 days. At the end of the term you get $10,092.89 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $10,125
◦ $9975
◦ $9995
◦ $10,025
◦ $10,000

Question 2

Suppose you invest $P on a CD paying 4.15% interest compounded continuously for a term of 250 days. At the end of the term you get $8230.66 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $8025
◦ $8065
◦ $7975
◦ $8000
◦ $7995
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BrownTown3 on May 5, 2020

wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


Sam Roehm

  • Newbie
  • *
  • Posts: 3
Reply #2 on: Nov 18, 2021
thank you


natasha_luz

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Nov 18, 2021
thank you


« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial
Alternative methods for locating the CPT Main Term. Alternative methods for locating the CPT Main Term.
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
Full-term Fetus Full-term Fetus
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library