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mathalgebraalgebra questions and answers1). assume that $1,460 is invested at a 4.5% annual rate, compounded monthly. find the value of the investment after 8 years. 2) assume that $1,190 is invested at a 5.8% annual rate, compounded quarterly. find the value of the investment after 4 years. 3)some amount of principal is invested at a 7.8% annual rate, compounded monthly. the value of the
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Question: 1). Assume That $1,460 Is Invested At A 4.5% Annual Rate, Compounded Monthly. Find The Value Of The Investment After 8 Years. 2) Assume That $1,190 Is Invested At A 5.8% Annual Rate, Compounded Quarterly. Find The Value Of The Investment After 4 Years. 3)Some Amount Of Principal Is Invested At A 7.8% Annual Rate, Compounded Monthly. The Value Of The
1). Assume that $1,460 is invested at a 4.5% annual rate, compounded monthly. Find the value of the investment after 8 years.
2) Assume that $1,190 is invested at a 5.8% annual rate, compounded quarterly. Find the value of the investment after 4 years.
3)Some amount of principal is invested at a 7.8% annual rate, compounded monthly. The value of the investment after 8 years is $1,786.77. Find the amount originally invested
4) An amount of $559 is invested into an account in which interest is compounded monthly. After 5 years the account is worth $895.41. Find the nominal annual interest rate, compounded monthly, earned by the account
5) Nathan invests $1000 into an account earning interest at an annual rate of 4.7%, compounded annually. 6 years later, he finds a better investment opportunity. At that time, he withdraws his money and then deposits it into an account earning interest at an annual rate of 7.9%, compounded annually. Determine the value of Nathan's account 10 years after his initial investment of $1000
9) An account earns interest at an annual rate of 4.48%, compounded monthly. Find the effective annual interest rate (or annual percentage yield) for the account.
10)An account earns interest at an annual rate of 7.17%, compounded quarterly. Find the effective annual interest rate (or annual percentage yield) for the account.