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

Author Question: Suppose you invest $P on a CD paying 3% interest compounded continuously for a term of five years. ... (Read 745 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: May 5, 2020

Question 1

Find the future value of a CD paying a 3.75% APR compounded continuously if you invest $5000
for a term of 750 days. Round your answer to the nearest dollar.
◦ $5403
◦ $5401
◦ $5412
◦ $5393
◦ $5373

Question 2

Suppose you invest $P on a CD paying 3% interest compounded continuously for a term of five years. At the end of the term you get $3485.50 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $2995
◦ $3000
◦ $2775
◦ $3005
◦ $3025
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 jc611 on May 5, 2020

Ashley I

  • Sr. Member
  • ****
  • Posts: 344
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


smnewland

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Nov 3, 2020
Thank you


Neomesia Djan

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Mar 25, 2021
thank you


« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

To examine a child’s ear, the pinna should be pulled back and up for children over 3 years; the pinn To examine a child’s ear, the pinna should be pulled back and up for children over 3 years; the pinn
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Review of Health and Illness over the Adult Years Review of Health and Illness over the Adult Years
Top Prescriptions for Children Under 17 Years of Age (2002–2010) Top Prescriptions for Children Under 17 Years of Age (2002–2010)
How to evaluate the imaginary term i at any exponent i^n How to evaluate the imaginary term i at any exponent i^n
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: Autonomic Nervous System Animation

For a complete list of videos, visit our video library