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zmey [24]
3 years ago
13

the principal represents an amount of money deposited in a savings account subject to company interest...find how much money wil

l be in te account after the given number of years
Business
1 answer:
Kazeer [188]3 years ago
4 0

Answer:

interest rate

Explanation:

the interest rate determines the amount that would accrue to the principal as time goes by. the higher the interest rate, the higher the amount that would be in the account

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Fern invested $6400 into a continuously compounded account with an interest rate of 1.5%. After 10 years, how much is the accoun
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Answer:

FV= $7,435.74

Explanation:

Giving the following information:

Initial investment= $6,400

Interest rate= 1.5%

Number of periods= 10 years

<u>To calculate the value of the account in ten years, we need to use the following formula:</u>

FV= PV*e^(i*n)

FV= 6,400*e^(0.015*10)

FV= $7,435.74

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The federal reserve's target rate for the federal funds rate is an extra policy tool for the central bank, in addition to and in
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Answer:

Commits the fed to set a particular money supply so that it hits the announced target

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During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a r
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Answer:

Answer for the question:

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is given in the attachment.

Explanation:

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