1) If $5,000 is invested at 3.2% annual interest compounded semiannually, how much will the investment be worth in 10 years? Give your answer to the nearest hundredth (two decimal places

Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…

A: The formula to calculate amount to be deposited in the account is shown belowwhere A is the…

Q: If $400 is invested at 18% compounded quarterly, what is the interest earned after: a) 2 years…

A: Given data: The given principal is P=$400. The given quarterly interest is r=18%=0.18. a) The given…

Q: To provide for a future expansion, a company plans to make continuous deposits to a savings account…

A: A differential equation is an equation that usually relates a function with with its derivatives.…

Q: At the time of her​ grandson's birth, a grandmother deposits $3000 in an account that pays 5%…

A: Given P = $3000r = 5% = 0.05t=21n=12A=P1+rnnt

Q: 5. Suppose that $4100 is invested at 2.3 % compounded quarterly. How much will be in the account…

A:

Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…

A: A=New balance=? P=Amount invested=$800 r=Rate=4.25%=0.0425 t=Time=5 years n=Number of times it is…

Q: How much money should be deposited today in an account that earns 3% compounded semiannually so that…

A: A=P1+rnntwhere   A = Final amount P= deposited amount r= interest rate n= no. of ompounding period

Q: 1)How much will a deposit of 5000 taka grow to in 20 years at 6% interest compounded continuously?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: If ​$2000 is deposited in a savings account that earns interest at an annual rate of 2.5​% interest…

A: Apply the formula directly and simplify to get the answer: A=Pert

Q: If $25,000 is invested at 9% compounded continuosly, then how long will it take for the investment…

A: Given :- Rate of Interest (R) = 9 %               Present Value (P) = $ 25000               Actual…

Q: If $5,000 is deposited in an account that receives 6.1% interest compounded continuously, how much…

A: Given, Initial amount deposited, P=$5,000Rate of interest, r=6.1%=0.61

Q: If $15,500 is invested at a rate of 7.5% per year compounded monthly a) after 1 month b) after 6…

A: Given $15,500 is invested at a rate of 7.5% per year compounded monthly To find the amount a) after…

Q: Jim places $10,000 in a bank account that pays 8.7% compounded continuously. After 2 years, will he…

A: P0=$10,000t=2 yearsr=8.7100 (first bank)

Q: 2. How much time is needed for money to triple if invested at 9% compounded semi- annually?

A: As per bartleby guidelines we only give first question answers.

Q: Suppose $17,000 is invested in an account with an APR of 4.9%. If the interest is compounded…

A: Since you have posted multiple subparts, as per our policy we will answer first three subparts.…

Q: Suppose your​ great-great grandfather invested $900earning 5.5% interest compounded continuously100…

A:

Q: 4. How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…

A: We know the formula for Compound Interest ,  A = P1 + rnnt   ,  Where , A = Final amount…

Q: 3- Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after 10 years…

A:

Q: How long, to the nearest tenth of a year, will it take $600 to grow to $2000 at 9% annual interest…

A:

Q: 1. If P15,000 is deposited in an account that pays 5% compounded annually, how much will be in the…

A: 1. Given that, ₽15,000 is deposited in an account that pays 5% compounded annually. We have, P =…

Q: What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a…

A: Let S be the sum deposited . and Let A be the compound  amount i.e. A=$50,000 Now t=6 years It is…

Q: What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an…

A:

Q: If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long…

A:

Q: How much should be invested now at an interest rate of 5.5% per year compounded continuously to have…

A:

Q: A 40-year-old consulting engineer wants to set up a retirement fund to be used starting at age 65.…

A:

Q: Suppose that $2000 is invested at a rate of 4.9% , compounded annually. Assuming that no…

A: We know that ,A=P(1+r100)n Where Principal (p)=2000rate of interest (r)=4.9Number of year…

Q: find the total amount after  9

A: Given: Initial amount ( P) = $ 2000  Interest rate (r) = 2 %  Compounded annually (n) = 1

Q: How long would $8600 have to be invested into a fund earning 8.1% interest, compounded cotinuously,…

A: Continuous compound interest:

Q: If ​$5000is deposited in a savings account that earns interest at an annual rate of 7.5​%interest…

A: *to find:- Compounded amount after 2 years.

Q: What amount should a person deposit today in a bank investment that pays 1.13% per month compounded…

A: Let the current funds deposited be X. Now expressing the question as an equation  Current…

Q: 4.52 What effective interest rate per month, compounded continuously, would be required for a single…

A: We have to find out the interest rate that would triple the amount in 5 years if compounded monthly.

Q: 15. Suppose $5000 is invested at 8% interest compounded annually. How many years will it take for…

A: The formula for compound interest is  where P is principle Amount, R is rate of interest and T is…

Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: The parents of a 3-year-old child put $10,000 into an account with the hope that the amount will…

A:

Q: account offering 4% per year, compounded semiannuall

A:

Q: 1) Suppose a credit card borrower has a debt of $4000 with an interest rate of 24%. Assume the…

A: Formula for the compound interest is given by,

Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

A:

Q: How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if…

A: I have stated the used formula in the solution

Q: Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with…

A: The compound interest formula : A=P1+rnnt, where , A= Final amount P=Principal or Initial…

Q: Suppose your great-great grandfather invested $300 earning 3.5% interest compounded continuously 100…

A:

Q: Suppose $16,000 is invested in an account with an APR of 4.7%. If the interest is compounded…

A: Given  Amount invested= $16,000 APR= 4.7%

Q: How much money should  be invested in an account that earns 9% interest, compounded semiannually, in…

A:

Q: Suppose $16,000 is invested in an account with an APR of 4.8%. If the interest is compounded…

A: Explanation: Given that,  P0 =  $16,000  APR(r) = 4.8% = 0.048 1.  If the interest is compounded…

Q: What interest will be earned if $6,500 is invested for 5.5 years at 4.25% interest compounded…

A: Given: The amount invested is $6,500 The time in years is 5.5 years The rate of interest is 4.25%

Q: 3. Mr. Greg Greedy deposits GHC56,000 into his savings account at Fairview Bank which attracts an…

A:

Q: How much money should be deposited today in an account that earns 8% compounded semiannually so that…

A:

Q: Suppose your​ great-great grandfather invested $900 earning 5.5% interest compounded continuously…

A:

Q: 1. If you start with $3,500 to invest into anime that pays 5.3% compound continuously after 10…

A: Formula for calculating compound interest continuously : Amount  = Pert P =principal r = rate of…

Q: Suppose that $1,000 is invested at 7% interest compounded continuously. a) How long (to the nearest…

A:

Q: If $400 is invested at 17% compounded quarterly, what is the interest earned after: a) 6 years…

A: FV = Future Value   PV = Present Value   r = rate of interest   n= no of period

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.