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 141 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

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Long-Term Potentiation Long-Term Potentiation
Major Categories of Long-Term Memory Major Categories of Long-Term Memory
Growing Interest in Sugar-Free Foods and Beverages Growing Interest in Sugar-Free Foods and Beverages
These findings are from Colby and Kohlberg's long-term longitudinal study These findings are from Colby and Kohlberg's long-term longitudinal study
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library