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Earn +20 ptsQ: Time value of 1200 in 10 years?
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What is the balance on a deposit of 1200 earning 9.5 percent interest compounded semiannually for 10 years?
9.5% semi-annually = 19.9025% annually.After 10 years 1200*(1.199025)^10 = 7369.93
How many quarters equal 1200 dimes?
1200 dimes multiplied by 10 cents per dime gives the monetary value of the coins in cents--12,000 cents. Dividing this by 25 cents, the value of a single quarter, gives the number of quarters, or 480.
The value of a machine depreciates at the rate of 10 percent per annum If the present value is 81000 what will be its worth after 3 years What was the value of machine 2 years ago?
Value of the machine after 3 years = ${81000 * (1 - 10/100) raise to the power 3) = $ 59049Value of the machine 2 years ago = $ [81000 / (1- 10/ 100)raise to the power 2 ]= $ [81000 * 10/9 * 10/9] = $ 100000I posted this question similar to this on examville. Hope you have understood.
What is the future value of 40000 dollars with 5 percent interest in 10 years?
The face value is 40000*(1.05)10 = 65156 approx.
What is 1200 plus 10 percent?
1320
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