Finance questions for math homework

Jul 22nd, 2015
Anonymous
Category:
Mathematics
Price: $5 USD

Question description

How long will it take for $4,700 to grow to 36,500 at an interest rate of 7.4% if the interest is compounded quarterly? Round the numbers of years to the nearest hundredth.

How long must $5,400 be in the bank at 7% compounded annually to become $9,278.21 round to the nearest year.

At what interest rate must $4,600 be compounded annually to equal $9,195.42 after 9 years. Round to the nearest percent.

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