use-the-appropriate-compound-interest-formula-to-find-the-amount-that-will-be-in-each-account-give-3

Question

Use the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions.
$\$ 27,500$ invested at $3.95 \%$ annual interest for 5 years compounded (a) daily $(n=365) ;$ (b) continuously

Ankit Gupta · Accepted Answer

in discussion that just considered us invested alone that is be equal. Get $7500 big of interest, that is odd is equal to 3.95% in Western Video, Majesty is equal to five years Now we need to find the final album. If impressed is component in party daily and in part b on being yours. No, as we know that the amount accumulated using come on just formula is straighter. Mind by a equal, we multiply by one less are doing but and Judy Power and he we&#x27;re a represent amount accumulated, really present in simple investor 80% investment video and end the present number of times in trust is component for here. So using the component just wrong with that invite A or compounding annually we use and is equal who 60 flight No, we get is equal to 27,500 Multiply. I want less Siegel Point Siegel, G 95 Geologic by See 65 Blue Department A 65. I&#x27;m deeply by. Why now? On solving we will get amount is equal to RG three. Housing $503.18. No invite to be off this cushion for compounding continuously views is equal to B e puny powers on the so it is equivocal. One gets 7500 Freddie violate e d Power Siegel Point Siegel G, 95 My deep fly by by my own solving we get a is equal. Do that you treat Jose $504.71.

Katelyn Chen · Answer

this question were given account that has compounded into different ways. And so we ask roughly how much a has after five years the first ones compound daily. So I&#x27;d say that a is equal turn initial value of 9500 times one plus a rate, which is 0.95% or 0.95 over the mountain time just compounded which, stirring to 65 races 365 times a amount of time, which is five years. So that will get us $28,837.75 report be. Is this compound continuously? So we know we will or than stated principle value each or rate, which is er 10095 have a time, which is five. And so then that will get us. The monarch count after five years is $20,837 in 77 cents. So these are answers

Ankit Gupta · Answer

in discussion Let us consider the investor among being on deep 1000 dolar later. Pinterest, that is odd is equal to Trebor thing Investment video that is staying e is equivocal Four years No, we need to find the final amount If interest is compounded in a part and really And in be part Sammy and really no, we know that the among accumulated using component less wonder is stricter My by a equals e my deep fly by one less Oh, you wondered what end movie public and g We&#x27;re airy, present among accumulated really present principal invested 80 present investment period and they present number of times in dresses Compounded But here no, we use a component is formula with equal $1000 article 3% and equal four years. So in bart egg or compounding and really views and equal running so we get is equal to indeed hosing my deep lover One of us Cedo boy Siegel tree derided by one Julie published one mile deep like right For on solving this, we will get is equal to when do you do house in 500 then 0.1 It a lot No in bike being off this cushion or compounding semi annually. We use and is equal to prove. So we get a is equal when deposing when you get black by one tlhis Siegel Brian Seal Tree divided by two through the powers whom I get that right for here is equal to when get through housing. Why, I wondered. 29 point 85 cola.

Katelyn Chen · Answer

So for this question, were also fined amounts in the accounts based on different ways. Air compounded. So for part, they were told that it is finally start to say, our mount is evil. Your principal valued 20,000 times one plus a rate, which is 1% raised to four years, which will get US 20,800 in $12.8 for a part being, you know, just compact semi annually. So we have our initial value on one plus a rate over the model tankers compounded for a year times a place of the time turns amount was compounded, which will get us 20,000 814 dollars and 14 cents, so these are answers.

Ankit Gupta · Answer

in part a off discussion. Use the component just formal of it. Be equal if Jean chosen a train wreck. Equal 6.5 and equal four and are equal Tzeitel. Buying Siegel 16 to be gay is equal to 15,800 by deep flavor, one less zero. Buying Siegel 16 If I Did by for My Deep Fly by Judy Power or My Deep Lie 6.5 now on solving We Will Get is equal to seven. Jean Pozen. 528. Why Tzeitel by Donna Apple. Synergy comes to Part B, so I used a component. Just one, that it well e a Julie Bowen party. No the equal. If Jean Close at 800 equal 6.5 and R equals 0.6 so v Day, it is equal to 15,800 e. U D Pollard 0.16 Mark. A clever explain. Five of a is equal do 17,531 point six night Go a lot

Katelyn Chen · Answer

this question were given the counters compound in two different ways, and we were asked to calculate how much money is in the counts after 6.5 years. And so for party. We knows Compact Quarterly Soon&#x27;s there amounts is able to your principal value, which is 15,800 times one plus R rate, which is 0.6 over the mountains. Just compounded, which is four. Race. The four times the amount of years, which is 6.5, which will get us are melt in your account after 6.5 years is $16,427 and eating incense for part being, we know that this is compounded continuously. So we have a is equal to a principal value 50,800 times e chair rate, Which is there a point there there six times are amount of tongue, which is 6.5 years, which will get us $16,420.37 off the lot on account. So these are answers

Problem

Use the appropriate compound interest formula to …

Problem 71 Hard Difficulty

Use the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions.
$\$ 27,500$ invested at $3.95 \%$ annual interest for 5 years compounded (a) daily $(n=365) ;$ (b) continuously

Answer

(a) $\$ 33,504.35$
(b) $\$ 33,504.71$

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(a) $\$ 33,504.35$(b) $\$ 33,504.71$

A Graphical Approach to College Algebra

Alisa L.

Boris M.

Monique R.

Kristen K.

Solving Absolute Value Inequalities

Rewrite Equations and Formulas - Example 2

John Hornsby,Margaret L. Lial,Gary RockswoldA Graphical Approach to College Algebra

Alisa L.

Boris M.

Monique R.

Kristen K.

(a) $\$ 33,504.35$
(b) $\$ 33,504.71$

John Hornsby,Margaret L. Lial,Gary Rockswold

A Graphical Approach to College Algebra