document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=422268>Question 422268</A>: <I><SPAN STYLE=\"word-break: break-all;\">   Question 1 	  <BR>\n" );
document.write( "  	Find the amount that results from the investment.\r<BR>\n" );
document.write( "\n" );
document.write( "$480 invested at 8% compounded quarterly after a period of 3 years<BR>\n" );
document.write( "Question 1<BR>\n" );
document.write( "		a. $604.66<BR>\n" );
document.write( "		b. $608.76<BR>\n" );
document.write( "		c. $596.82<BR>\n" );
document.write( "		d. $128.76\r<BR>\n" );
document.write( "\n" );
document.write( "Question 2   <BR>\n" );
document.write( "  	Find the amount that results from the investment.\r<BR>\n" );
document.write( "\n" );
document.write( "$1,000 invested at 9% compounded semiannually after a period of 9 years \r<BR>\n" );
document.write( "\n" );
document.write( "		a. $2113.38<BR>\n" );
document.write( "		b. $2171.89<BR>\n" );
document.write( "		c. $2208.48<BR>\n" );
document.write( "		d. $1208.48\r<BR>\n" );
document.write( "\n" );
document.write( "Question 3  <BR>\n" );
document.write( "  	Solve the problem.\r<BR>\n" );
document.write( "\n" );
document.write( "If Emery has $2000 to invest at 9% per year compounded monthly, how long will it be before he has $3200? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)\r<BR>\n" );
document.write( "\n" );
document.write( "		a. 0.454 yr, 0.435 yr<BR>\n" );
document.write( "		b. 0.07 yr, 0.522 yr<BR>\n" );
document.write( "		c. 69.442 yr, 5.444 yr<BR>\n" );
document.write( "		d. 5.242 yr, 5.222 yr\r<BR>\n" );
document.write( "\n" );
document.write( "Question 4  <BR>\n" );
document.write( "  	Solve the problem.\r<BR>\n" );
document.write( "\n" );
document.write( "Suppose that is invested at an interest rate of per year, compounded continuously. What is the balance after 3 years?<BR>\n" );
document.write( "Question 4 answers<BR>\n" );
document.write( "		a. $6014.68<BR>\n" );
document.write( "		b. $5280.00<BR>\n" );
document.write( "		c. $5914.68<BR>\n" );
document.write( "		d. $5840.00\r<BR>\n" );
document.write( "\n" );
document.write( "Question 5 <BR>\n" );
document.write( "  	Find the effective rate of interest.\r<BR>\n" );
document.write( "\n" );
document.write( "8.75% compounded monthly\r<BR>\n" );
document.write( "\n" );
document.write( "		a. 8.955%<BR>\n" );
document.write( "		b. 9.11%<BR>\n" );
document.write( "		c. 9.655%<BR>\n" );
document.write( "		d. 8.873%\r<BR>\n" );
document.write( "\n" );
document.write( "Question 6   <BR>\n" );
document.write( "  	Solve the problem.\r<BR>\n" );
document.write( "\n" );
document.write( "Larry has $3000 to invest and needs $3400 in 13 years. What annual rate of return will he need to get in order to accomplish his goal? (Round your answer to two decimals.)\r<BR>\n" );
document.write( "\n" );
document.write( "		a. 3.44%<BR>\n" );
document.write( "		b. 0.96%<BR>\n" );
document.write( "		c. 1.44%<BR>\n" );
document.write( "		d. 2.44%\r<BR>\n" );
document.write( "\n" );
document.write( "Question 7  <BR>\n" );
document.write( "  	Find the effective rate of interest.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "		a. 5.75%<BR>\n" );
document.write( "		b. 4.75%<BR>\n" );
document.write( "		c. 4.84%<BR>\n" );
document.write( "		d. 4.42%\r<BR>\n" );
document.write( "\n" );
document.write( "Question 8  <BR>\n" );
document.write( "  	Find the present value. Round to the nearest cent.\r<BR>\n" );
document.write( "\n" );
document.write( "To get $25,000 after 3 years at 4% compounded semiannually\r<BR>\n" );
document.write( "\n" );
document.write( "		a. $22,224.91<BR>\n" );
document.write( "		b. $22,643.27<BR>\n" );
document.write( "		c. $2800.72<BR>\n" );
document.write( "		d. $22,199.28\r<BR>\n" );
document.write( "\n" );
document.write( "Question 9   <BR>\n" );
document.write( "  	Find the present value. Round to the nearest cent.\r<BR>\n" );
document.write( "\n" );
document.write( "To get $6500 after 9 years at 4% compounded quarterly\r<BR>\n" );
document.write( "\n" );
document.write( "		a. $4588.44<BR>\n" );
document.write( "		b. $4566.81<BR>\n" );
document.write( "		c. $1956.99<BR>\n" );
document.write( "		d. $4543.01\r<BR>\n" );
document.write( "\n" );
document.write( "Question 10  <BR>\n" );
document.write( "  	Find the present value. Round to the nearest cent.\r<BR>\n" );
document.write( "\n" );
document.write( "To get $6500 after 4 years at 10% compounded quarterly\r<BR>\n" );
document.write( "\n" );
document.write( "		a. $4488.03<BR>\n" );
document.write( "		b. $2121.44<BR>\n" );
document.write( "		c. $4378.56<BR>\n" );
document.write( "		d. $4439.59\r<BR>\n" );
document.write( "\n" );
document.write( "Question 11 text    <BR>\n" );
document.write( "  	Solve the problem. Round your answer to three decimals.\r<BR>\n" );
document.write( "\n" );
document.write( "What annual rate of interest is required to double an investment in 5 years?\r<BR>\n" );
document.write( "\n" );
document.write( "		a. 14.87%<BR>\n" );
document.write( "		b. 24.573%<BR>\n" );
document.write( "		c. 13.863%<BR>\n" );
document.write( "		d. 7.435%\r<BR>\n" );
document.write( "\n" );
document.write( "Question 12 text   <BR>\n" );
document.write( "  	Solve the problem. Round your answer to three decimals.\r<BR>\n" );
document.write( "\n" );
document.write( "How long will it take for an investment to double in value if it earns 4.5% compounded continuously?\r<BR>\n" );
document.write( "\n" );
document.write( "		a. 7.702 yr<BR>\n" );
document.write( "		b. 16.653 yr<BR>\n" );
document.write( "		c. 15.403 yr<BR>\n" );
document.write( "		d. 24.414 yr\r<BR>\n" );
document.write( "\n" );
document.write( "Question 13 text   <BR>\n" );
document.write( "  	Find the amount that results from the investment.\r<BR>\n" );
document.write( "\n" );
document.write( "$1,000 invested at 11% compounded semiannually after a period of 6 years\r<BR>\n" );
document.write( "\n" );
document.write( "		a. $1901.21<BR>\n" );
document.write( "		b. $1802.09<BR>\n" );
document.write( "		c. $1870.41<BR>\n" );
document.write( "		d. $901.21\r<BR>\n" );
document.write( "\n" );
document.write( "Question 14 text     <BR>\n" );
document.write( "  	Find the effective rate of interest.\r<BR>\n" );
document.write( "\n" );
document.write( "6% compounded monthly\r<BR>\n" );
document.write( "\n" );
document.write( "		a. 6.25%<BR>\n" );
document.write( "		b. 6.39%<BR>\n" );
document.write( "		c. 6.43%<BR>\n" );
document.write( "		d. 6.29%\r<BR>\n" );
document.write( "\n" );
document.write( "Question 15 text     <BR>\n" );
document.write( "  	Find the effective rate of interest.\r<BR>\n" );
document.write( "\n" );
document.write( "12.3% compounded continuously\r<BR>\n" );
document.write( "\n" );
document.write( "		a. 12.751%<BR>\n" );
document.write( "		b. 12.389%<BR>\n" );
document.write( "		c. 12.674%<BR>\n" );
document.write( "		d. 13.088% </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #294743 by </B><A HREF=/tutors/aboutme.mpl?userid=shree840><B>shree840(260)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=shree840><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=shree840><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=294743\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I believe the 8 percent is annual compounded quarterly<BR>\n" );
document.write( "quarterly int rate =2 time period is 4*3=12\r<BR>\n" );
document.write( "\n" );
document.write( "(480(1+.02)^12<BR>\n" );
document.write( "=608\r<BR>\n" );
document.write( "\n" );
document.write( "ans is b\r<BR>\n" );
document.write( "\n" );
document.write( "If you want me to solve all your problems pay $1 per question </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );