Miss Natalia

(14)

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About Miss Natalia

Levels Tought:
Elementary,High School,College,University

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Calculus,Computer Science,Environmental science,Health & Medical Hide all
Teaching Since: Apr 2017
Last Sign in: 360 Weeks Ago, 4 Days Ago
Questions Answered: 6064
Tutorials Posted: 6070

Education

  • Doctor of Education in Educational Leadership with a Specialization in Educational Technology
    Phoniex University
    Oct-1999 - Nov-2005

Experience

  • HR Executive
    a21, Inc.
    Nov-1998 - Dec-2005

Category > Business & Finance Posted 09 Jun 2017 My Price 6.00

Calculate how much money you will have in two years if the interest is compounded monthly or continuously.

Given the current interest rates charged on loans and credit cards, it might be much better to try to save money for large purchases or expenses. Study the examples in your text (Sections 3.1 and 3.4) regarding compound interest with attention to the following formulas:

A = P(1+ r/n)nt  

and  



A = Pert

Not too long ago, it was possible to find a one-year Certificate of Deposit (CD) that would pay 5.50% interest compounded daily. The CD interest rates available today have changed.

Create a new discussion thread, including the following information:

  • Assume that you have x dollars saved (you choose a specific dollar amount) and would like to purchase a used car in two years. 
  • Calculate the interest earned over the two-year span on your chosen dollar amount at the 5.50% interest rate, compounded daily, for a oneyear CD. Show your work. 
  • Calculate how much you will have saved with this account in two years. Show your work. 
  • Investigate bank interest rates available in your area for a one year CD. 
  • Calculate how much money you will have in two years if the interest is compounded monthly or continuously. Show your work. 
  • How did the change in rates affect your purchasing power? 

Answers

Miss Natalia
(14)
Status NEW Posted 09 Jun 2017 09:06 AM My Price 6.00

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