A certain loan program offers an interest rate of 8%, compounded continuously. Assuming no payments are made, how much would be owed after three years on a loan of $1300? Do not round any intermediate computations, and round your answer to the nearest cent.

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Q: If $15,000 is invested at an interest rate of 4% per year, compounded semiannually , find the value…

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A: Given thatThree different interest rates are as following

Q: A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments…

A: you can clearly understand if you follow the below solution

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Q: A mutual fund has an average annual rate of return of 14.5 % . The investment company charges 3 %…

A: The formula for the compound interest is Pt=P0(1+r)t whereP0=initial value ($4000 i.e.…

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Q: If $3,700 was invested 4 months ago at a simple interest rate of 1.9%, what would be the value of…

A: A $3,700 was invested 4 months ago at a simple interest rate of 1.9%.

Q: An interest rate of 8% per 6 months, compounded monthly, is equivalent to what effective rate per…

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Q: Assume that a bond pays 114+ 8t, in year t from the present, for 10 years, and that its interest…

A: Here , we can find what is the total amount after 10 years by the eq. 114+8t. By putting t=1and then…

Q: In 19 years, Anthony Oaks is to receive $300,000 under the terms of a trust established by his…

A: It is given that, the time period is t=19 years,  Future Value (FV)=$300,000 rate of return…

Q: Find the amount of an annuity if $400/month is paid into it for a period of 20 years, earning…

A: Here we will going to use Continuous compounding formula for Future value of annuity

Q: A certain loan program offers an interest rate of 5.5%, compounded continuously. Assuming no…

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Q: If 14900 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: If 22100 dollars is invested at an interest rate of 6 percent per year, find the value of the…

A: The compound interest formula is given bt :A=P1+rnntIn our problem,we have : A= the value we want to…

Q: If $400 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: Explanation: Given that: Principal(P) = $400 Rate(r) = 2.5% or .025 per year Concept: 1. A=P1+rnnt…

Q: How much should be invested now at an interest rate of 6% per year, compounded continuously, to have…

A: Given that, Interest rate (r) = 6% or 0.06 per annum compounded Final amount (A) = $ 3500 Time…

Q: If the interest is compounded quarterly, find the nominal rate at which P1,996 accumulates to P3,500…

A: Introduction :

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Q: Find the present value of a $25,000 annual income stream if it is invested immediately as it is…

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Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to…

A: Let P be the principal amount.

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Q: If an IRA is a variable-rate investment for 25 years at rate r percent per year, compounded monthly,…

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Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: If 19300 dollars is invested at an interest rate of 7 percent per year, find the value of the…

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Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: Find the principal P that must be invested at rate of 8%, compounded monthly, so that $1,000,000…

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Q: If the present value of a cash flow at an annual rate of interest of 4.5% is $30000, what is the…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Find the amount of an annuity if $290/month is paid into it for a period of 20 years, earning…

A: Given,The investment made is $290 monthly, the rate of interest is 2% /year compounded continuously…

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Q: If Jackson deposited $400 at the end of each month in the saving account earing interest at the rate…

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Q: If 38900 dollars is invested at an interest rate of 5 percent per year, find the value of the…

A: Topic:- Algebra

Q: Find the present value of a $8,000 annual income stream if it is invested immediately as it is…

A: Compound continuously A=Pe^(rt)

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Q: Find the principal P that will generate the given future value A, where A = $15,000 at 6% compounded…

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Q: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to…

A: Let the amount be A invested with an rate of interest of r= 6.5% = 0.065

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Q: Find the amount of an annuity if $250/month is paid into it for a period of 20 years, earning…

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Q: Find the principal P that will generate the given future value​ A, where A=​$12,000 at 8​%…

A: Use formula of compound interest.

Q: This type of calculation assumes the payment is to be done once a year while the compounding occurs…

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Q: Find the present value of a $3, 000 annual income stream if it is invested immediately as it is…

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Q: A certain loan program offers an interest rate of 5% compounded continuously assuming no payments…

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Q: A certain loan program offers a. Interest rate of 8% compounded continuously. Assuming no payments…

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.