1) Jeff's bank offers a 36-month Certificate of Deposit (CD)with an APR of 2.5%. If P = 4000 what is A(8)? (Round your answerto two decimal places.)
2) Jeff's bank offers a 36-month Certificate of Deposit (CD)with an APR of 2.75%.Whatprincipal P should be invested so that the account balanceis $3500 in three years? (Assume the interest is compoundedmonthly. Round your answer to two decimal places.)
3a) A finance company offers a promotion on $5000 loans. Theborrower does not have to make any payments for the first fouryears, however interest will continue to be charged to the loan at29.6% compounded continuously. What amount will be due at the endof the four year period, assuming no payments are made? (Round youranswer to the nearest cent.)
3b) If the promotion is extended an additional three years, and nopayments are made, what amount would be due? (Round your answer tothe nearest cent.)
4) The current i measured in amps in a certainelectronic circuit with a constant impressed voltage of 120 voltsis given by
i(t) = 3 â 2eâ13twhere t ⥠0
is the number of seconds after the circuit is switched on.Determine the value of i as
t â â.
(This is called thesteady state current.)
i got these worng on my test and my teacher is refusing to goover them in class and i need to know what i did worng can anyonehelp me out these problems...thanks
1) Jeff's bank offers a 36-month Certificate of Deposit (CD)with an APR of 2.5%. If P = 4000 what is A(8)? (Round your answerto two decimal places.)
2) Jeff's bank offers a 36-month Certificate of Deposit (CD)with an APR of 2.75%.Whatprincipal P should be invested so that the account balanceis $3500 in three years? (Assume the interest is compoundedmonthly. Round your answer to two decimal places.)
3a) A finance company offers a promotion on $5000 loans. Theborrower does not have to make any payments for the first fouryears, however interest will continue to be charged to the loan at29.6% compounded continuously. What amount will be due at the endof the four year period, assuming no payments are made? (Round youranswer to the nearest cent.)
3b) If the promotion is extended an additional three years, and nopayments are made, what amount would be due? (Round your answer tothe nearest cent.)
4) The current i measured in amps in a certainelectronic circuit with a constant impressed voltage of 120 voltsis given by
i(t) = 3 â 2eâ13twhere t ⥠0
is the number of seconds after the circuit is switched on.Determine the value of i as
t â â.
(This is called thesteady state current.)
i got these worng on my test and my teacher is refusing to goover them in class and i need to know what i did worng can anyonehelp me out these problems...thanks
