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[DOC File]Unit 2 (Quadratics 1) Outline
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Describe how you would calculate the amount of an investment after 3 years if $1000 was invested at 5% compounded annually. Answer: You could use the simple interest formula for one year, and add the amount of interest to the principle to obtain a new principle. Repeat this for 3 years. Interest rate / # of times compounded per year # of times comp. per year x # of years. Action! Whole Class ...
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[DOC File]Unit and/or Day (Title)
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1. Determine the future value of 20 annual deposits of $1000 if the deposits earn 8% interest per annum, compounded annually. 2. Determine the monthly payments required to accumulate a future value of $10 000 in four years, if the payments earn 6.5% interest per annum, compounded monthly. 3. A $10 000 loan is repaid with monthly payments of ...
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[DOC File]Day
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$1000 earning 6% annual interest, compounded semi-annually for 5 years. A $4500 credit card balance at 28.8% annual interest, compounded daily for the month of July. 2. Determine the Amount of each situation in question 3. 3. Michelle invests $5000 in her brother’s restaurant earning interest at a rate of 2% per month, compounded monthly. At the end of 6 months she receives the following ...
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[DOCX File]Caddy's Math Shack - Main
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A 10-year bond has an interest rate of 5.5%, compounded annually, and a future value of $1000. Determine the ratio of future value to present value. A. 1.55; B. 1.63. C. 1.48. D. 1.71 ____ 19. Determine the future value of weekly payments of $30 into an account that pays 1.75% interest, compounded weekly, for 1 year. A. $1570.98; B. $1568.20. C. $1573.46. D. $1572.33 ____ 20. Determine the ...
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[DOC File]FINAL EXAM REVIEW
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the principal that must be invested now at 6% compounded annually to be worth $10 000 in 5 years. The total accumulated amount of $500 invested every month at 7% compounded monthly for 8 years. How long will it take, to the nearest year, for $800 to grow to $1000 in an account that pays 4.5% annually compounded semi-annually?
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[DOC File]Annual Compounding - Finance Department
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Compute the future value of $1,000 compounded annually for. 10 years at five percent. 10 years at seven percent. 20 years at five percent. Why is the interest earned in part (c) not twice the amount earned in part (a)? Calculate the present value of the following cash flows discounted at 10 percent. $1,000 received seven years from today. $2,000 received one year from today. $500 received ...
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[DOC File]Simple and Compound Interest Worksheet
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In problems1-3, compare the amount you have if the money were compounded annually versus quarterly. Write out and solve 2 equations per problem . $5,000 at 10% for 5 years. $2,000 at 12% for 3 years. $1,000 at 14% for 30 years. In problems 4-6, compare the amount of money you have if the investment is compounded annually versus daily.
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[DOC File]Simple and Compound Interest Worksheet
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In problems1-3, compare the amount you have if the money were compounded annually versus quarterly. Write out and solve 2 equations per problem . $5,000 at 10% for 5 years. $2,000 at 12% for 3 years. $1,000 at 14% for 30 years. In problems 4-6, compare the amount of money you have if the investment is compounded annually versus daily. Write out and calculate 2 equations per problem. $1,000 …
5% compounded annually

[DOCX File]Changing the integral activity
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An amount of . $3000 is invested and compounded annually at 5% . Use the table of compounded values of $1 above to find the value of the investment after three years. Solution: Value of investment after three years =$3000×1.158=$3474 A principal of . $1000 is to be invested for three years. Determine which of the following is the best investment option: 6% . p.a. simple interest, 5.9% . p.a ...
compounded annually meaning

1000 compounded annually at 5