1. A man invests $10, 000 in an account that pays 8.5% interest per year, compounded quarterly. What is the amount of money that he will have after 3 years?

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: If $800 is invested at 4% compounded quarterly, what is the interest earned after: a) 6 years…

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Q: How much money should be deposited in an acciunt today that earns simple interest 4% compounded…

A: We are given interest, r = 4%, t = 5 years and the final amount(A) = $10,000. Now, we need to find…

Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?

A: Given, after 5 years investment is triple

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

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Q: at what rate of interest compounded semi-annually will 21,590.00 accumulated to 26,900.00 in 2 years

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Q: 44. If you invest $10,400 in the United States, and the interest is compounded monthly, when, to the…

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Q: 11. In how many years will P6,500 accumulate to P10,000 if it is invested at 12% compounded…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: 14. If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would to save…

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Q: 9. If 8000 dollars is invested in a bank account at an interest rate of 6 per cent per year,…

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Q: Suppose that $1000 is deposited in a savings account that pays 6% per annum, compounded quarterly.…

A: Given: Initial deposit is 1000 dollars i.e. P=1000  dollars Rate of interest per year is 6% i.e.…

Q: 1. Mr.Joe deposited $10,000 in a savinga account at 5%. If interest is compounded monthly. What…

A: As per Bartleby guidelines, we are supposed to solve only first question if multiple questions are…

Q: Suppose that $7,000 is invested at 4%, compounded semiannually. How much is in the account at the…

A: Amount for compound interest:If P amount of money is invested for t years at r% rate of interest…

Q: An employee contributes $350 each month to her 401(k). What will be the value of her 401(k) after…

A: From given, P = $350, i=12%12=1%=0.01,n=360. The amount after n deposits can be calculated by the…

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: 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: 2. If P6,780.00 is invested for ten years at an annual rate of 8% compounded semi-quarterly.…

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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: 9. Suppose that $20,000 is deposited into an account that earns 4% interest annually. Find the…

A: For this problem, principal amount is given as $20000, time t=10 years.

Q: 4. What initial investment would result in $20.000 after 12 years if the interest rate is 3.6% and…

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Q: 8. What amount of money is equivalent to receiving $5000 two years from today, if interest is…

A: $5000 two years from today, interest is compounded quarterly at the rate of 2.5 per quarter

Q: Assume $5000 is deposited in an account that pays 6% annual interest. How much more would be in the…

A: The answer as follows:

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: A couple makes a one-time investment of $4,000 in a five-year certifi- cate of deposit that will…

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Q: 3)if a child is given $25,000 at birth and that amount is invested at 9% annual interest, at what…

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Q: Suppose you have $4700 deposited at 4.65% compounded quarterly. About long will it take your balance…

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Q: 7. How much interest do you earn by investing $375,500 for six months into an account paying 4.0%…

A: Given, P= $375500 t= 6 months= 0.5 years r= 4%= 0.04 Compounded monthly  Therefore,  n= 12

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

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Q: Checking Homework. Show Work.

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Q: Suppose that $8,000 is invested into an account earning 6.8% interest compounded monthly. Estimate…

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Q: 2.) Laura wants to accumulate $150,000 in her bank account by depositing $1000 at the beginning of…

A: Amount=$150,000 Present value=$1000 Rate of interest =5% compounded quarterly.…

Q: If $1000 is invested at 7% compounded quarterly, what is the interest earned after: a) 5 years…

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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: In how many years will the amount of 10000 triple if invested at an interest rate of 10% compounded…

A: We will find out the required time.

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: 31. What rate of interest compounded annually is required to double an investment in 3 years? How

A: Suppose A be the amount, P be the principal, r be the rate of interest and t be the time for n times…

Q: Suppose $20,000 is deposited into an account earning 2.5% annual interest, find the balance at the…

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Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

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Q: What annual deposit is necessary to have $10,000 in 9 years if all the money is deposited at 1.5%…

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Q: 7. If you invest $3200 at 3.5% compounded monthly how much will you have at the end of 4 years?

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

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Q: How much will deposits of $35 made at the end of each month amount to after 15 years if interest is…

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Q: 9. (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at…

A: To find how much should a mother invest at the time her son is born to provide himwith $80,000 at…

Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: interest rate  r=8%  =0.08 1st year withdrawal=$3000 according to question, subsequent withdrawals…

Q: If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years…

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Q: 4. Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years,…

A: Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years, compounded…