4 year(s) ago, Isaac invested 48,596 dollars. He has earned and will earn 9.86 percent per...

4 year(s) ago, Isaac invested 48,596 dollars. He has earned and will earn 9.86 percent per year in compound interest. If Priya invests 93,039 dollars in 2 year(s) from today and earns simple interest, then how much simple interest per year must Priya earn to have the same amount of money in 8 years from today as Isaac will have in 8 years from today? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Expert Solution

jeff jeffy answered 1 year ago

4 year(s) ago, Carl invested 65,612 dollars. He has earned and will earn 6.94 percent per...

4 year(s) ago, Carl invested 65,612 dollars. He has earned and will earn 6.94 percent per year in compound interest. If Grace invests 105,332 dollars in 3 year(s) from today and earns simple interest, then how much simple interest per year must Grace earn to have the same amount of money in 9 years from today as Carl will have in 9 years from today? Answer as a rate in decimal format so that 12.34% would be entered as .1234...

1.3 year(s) ago, Vivian invested 67,464 dollars. She has earned and will earn compound interest of...

1.3 year(s) ago, Vivian invested 67,464 dollars. She has earned and will earn compound interest of 11.18 percent per year. In 2 year(s) from today, Sang can make an investment and earn simple interest of 14.79 percent per year. If Sang wants to have as much in 6 years from today as Vivian will have in 6 years from today, then how much should Sang invest in 2 year(s) from today? 2.3 year(s) ago, Sang invested 69,076 dollars. He has...

1) 3 year(s) ago, Trang invested 67,535 dollars. She has earned and will earn compound interest...

1) 3 year(s) ago, Trang invested 67,535 dollars. She has earned and will earn compound interest of 4.3 percent per year. In 1 year(s) from today, Isaac can make an investment and earn simple interest of 8.45 percent per year. If Isaac wants to have as much in 9 years from today as Trang will have in 9 years from today, then how much should Isaac invest in 1 year(s) from today? 2) 1 year(s) ago, Theo invested 78,151 dollars....

1 year(s) ago, Mack invested 5,930 dollars. In 1 year(s) from today, he expects to have...

1 year(s) ago, Mack invested 5,930 dollars. In 1 year(s) from today, he expects to have 8,330 dollars. If Mack expects to earn the same annual return after 1 year(s) from today as the annual rate implied from the past and expected values given in the problem, then how much does Mack expect to have in 5 years from today? 3 year(s) ago, Carl had 241,900 dollars in his account. In 9 year(s), he expects to have 357,800 dollars. If...

1. 1 year(s) ago, Vince had 143,500 dollars in his account. In 4 year(s), he expects...

1. 1 year(s) ago, Vince had 143,500 dollars in his account. In 4 year(s), he expects to have 309,100 dollars. If he has earned and expects to earn the same return each year from 1 year(s) ago to 4 year(s) from today, then how much does he expect to have in 2 year(s) from today? 2. Sasha owns two investments, A and B, that have a combined total value of 45,300 dollars. Investment A is expected to pay 21,000 dollars...

1) 1 year(s) ago, Youssef had 123,900 dollars in his account. In 4 year(s), he expects...

1) 1 year(s) ago, Youssef had 123,900 dollars in his account. In 4 year(s), he expects to have 299,100 dollars. If he has earned and expects to earn the same return each year from 1 year(s) ago to 4 year(s) from today, then how much does he expect to have in 1 year(s) from today? 2) 2 year(s) ago, Fatima invested 5,690 dollars. In 1 year(s) from today, she expects to have 7,930 dollars. If Fatima expects to earn the...

If 38,300 dollars is invested at an interest rate of 7 percent per year, find the...

If 38,300 dollars is invested at an interest rate of 7 percent per year, find the interest earned for the investment at the end of 5 years for the following compounding methods. (a) Annual: (b) Semiannual: (c) Monthly: (d) Daily:

1. One year ago, XYZ deposited $5,400 in an account that has earned and will earn...

1. One year ago, XYZ deposited $5,400 in an account that has earned and will earn 12.3% per year in compound interest. If PQR deposits $8,700 in an account in 3 years from today that earns simple interest, then how much simple interest per year must PQR earn to have the same amount of money in 7 years from today as XYZ will have in 7 years from today? Answer as an annual rate. A. A rate less than 6.00%...

Dru plans to invest 6,500 dollars in 4 years and 7,300 dollars in 3 year(s). He...

Dru plans to invest 6,500 dollars in 4 years and 7,300 dollars in 3 year(s). He expects to earn 11.98 percent per year. How much money does Dru expect to have in 9 years?

How much additional income could he earn if he had invested this amount at 7 percent, compounded annually?

Today, Tony is investing $16,000 at 6.5 percent, compounded annually, for 4 years. How much additional income could he earn if he had invested this amount at 7 percent, compounded annually?Group of answer choices$323.22$389.28$401.16$442.79$484.08

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