Bob has $830 in an account earning 5.3% simple interest. how much more interest would her account earn in 9 years with annually compounded interest?

1321.09

Step-by-step explanation:

y=ab^x a= initial amount= 830 b=interest = 1.053 x= time= 9

830(1.053)^9

put that into your calculator and there is your answer

sorry can't

step-by-step explanation:

i googled though and something came up but it was in science langueage not common english sooo

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%