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

Author Question: Suppose you invest $P on a CD paying 2.875% interest compounded continuously for a term of 1.5 ... (Read 91 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: May 5, 2020

Question 1

Suppose you invest $P on a CD paying 3.75% interest compounded continuously for a term of 3.75 years. At the end of the term you get 4028.48 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $3500
◦ $3575
◦ $3495
◦ $3600
◦ $3550

Question 2

Suppose you invest $P on a CD paying 2.875% interest compounded continuously for a term of 1.5 years. At the end of the term you get $2610.17 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $2500
◦ $2495
◦ $2525
◦ $2505
◦ $2475
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 theo on May 5, 2020

jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
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


theo

  • Member
  • Posts: 698
Reply 2 on: May 5, 2020
:D TYSM

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o
How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library