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Find the annual rate, r

Suppose a deposit of $3,500 in a savings account that paid an annual interest rate r (compounded yearly) is worth $3,910 after 2
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2. asked by Keonn'a
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Find the annual rate, r that produces an effective annual yield of 6.3% when compounded continuosly.
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2. asked by nan
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Find the balance at the end of 6 years of $5000 investment in an account with a nominal annual rate of interest of 2.5%
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2. asked by JM
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Mrs. Smith borrowed $20,000 from Last National Bank. She will repay the loan with 5 annual payments and her interest rate is
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2. asked by Mary
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Find the annual amount of FICA at a 7.51% rate by computing his annual salary.Sam Takagi Weekly salary: $435.16 Not
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2. asked by Emily
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Find the annual amount of FICA at a 7.51% rate by computing his annual salary.Sam Takagi Weekly salary: $435.16 Not
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2. asked by Alex(:
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Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 1/12
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2. asked by me
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you are depositing $1000 dollars in a savings account and are given the following options.6.2% annual interest rate, compounded
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2. asked by carly
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1. Find the future value of current $1,000 5 year from now when annual interest rate 8% is compounded annually2. Find the
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2. asked by J
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find the effectivee rate correspoding to 3% compounded quarterlyThe formula for effective rate I found is (1+ i/n)^n - 1 where i
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2. asked by john
3. 781 views