Score on last attempt: 2.5 out of 3 Score in gradebook 2.5 out of 3 For each of the following accounts, determine the growth factor and percent change for the account value over one compounding period a Account A has a 5% APR compounded monthly (12 times per year). Determine the account value's growth factor and percent change per compounding period Preview 1. Monthly Growth Factor: 1.0041667 ii. Monthly Percent Change: (1.0041667-1)-100 % Preview b. Account B has a 6.9% APR compounded quarterly (4 times per year). Determine the account value's growth factor and percent change per compounding period. i. Quarterly Growth Factor: 14(0.069/4) Preview 11. Quarterly Percent Change: (1.01725-1)*100 % Preview c. Account Chas a 3.4% APR compounded daily (365 times per year). Determine the account value's growth factor and percent change per compounding period i. Daily Growth Factor: 1+(0.034/100) Preview 11. Daily Percent Change: (1.00034.1) 100 N% Preview Submit

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varshamittal029 varshamittal029 · Answer 1 · 2022-12-23T17:43:45+01:00

given rate r = 5% compounded monthly r = 0.05/12 = 0.0041667

(1) monthly growth factor = 1.0041667 (2) monthly percent change = (1.0041667-1)*100%= 0.0041667*100% monthly percent change = 0.41667%

(B) given rate r = 6.9% compounded quarterly

r = 0.069/4 = 0.01725

(1) Quarterly growth factor = 1.01725

(2) Quarterly percent change = (1.01725-1)*100%= 0.01725*100% monthly percent change =1.725%

(C) given rate r = 3.4% compounded quarterly

r = 0.034/365 = 9.315 * 10 ^ - 5

(1) daily growth factor = 1 + 9.315 * 10 ^ - 5 = 1.00009315

(2) daily percent change = (1.00009315-1)*100%= 0.00009315*100% monthly percent change =0.009315%

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