17. An account with an initial deposit of $ 6,500 earns 7.2% annual interest, compounded annually. How long will it take for the account to be worth $ 7,000?

Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

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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: 6. How much more money would you have by investing $100,000 for 1 year into an account paying 4.2%…

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Q: b) Suppose that the amount in an account 3 years after being invested at 7% is $6050. What was the…

A: A=P1+rtr=rate p= principal amountA = amoiunt

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: 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 $22,000 is invested in an account with an APR of 5.3%. a. If the interest is compounded…

A: Given: P=$22000 R=5.3% annually T= 6 years a) Compounded annually n=1 A=P1+R100nnT…

Q: Someone decides to invest $13,000 in a money market fund that guarantees a 6.3% annual interest rate…

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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: 31. How long will an account worth $2.2 million provide $10,000 at the end of each month, if money…

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Q: 3. At a certain interest rate compounded annually, P100,000 will become P450,000 in 15 years. What…

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

A: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

Q: 14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52…

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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: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…

Q: How much should be deposited in an account paying 6% interest compounded monthly in order to have a…

A: For compound interest, we use this formula: A=P1+rnnt A is the final amount of money P is the…

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: 7. Catherine has invested $25,000 in an account that pays 8.4% compounded monthly. How long will it…

A: Principal (P)= $25000 Rate of interest (r)= 8.4%= 0.084 n=12 (since compounded monthly) Let time be…

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: 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: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

Q: Suppose that $7,100 is invested at 4.5% annual interest​ rate, compounded monthly. How much money…

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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: What is the value of an investment of $3,500 after 2 years if it earns 1.5% compounded quarterly?

A: Compounded interest for an investment of P done for a period of t years at an interest rate of r…

Q: An account bearing interest at 6 percent compounded quarterly was established 15 years ago. The…

A: # as per the guidelines we are entitled to solve one question at a time, please resubmit the other…

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: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

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Q: Jane Roznowski wants to invest some money now to buy a tractor in the future. If she wants to have…

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Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

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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: At age 25, you start work for a company that deposits $10,000 into a retirement account that pays a…

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Q: 4. How much should be deposited in an account paying 7.5% interest compounded quarterly in order to…

A: Compound interest

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: 13. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

A: Principal : 50,000 Interest amount : 10,000 Rate = 4%=0.04

Q: 5) You want to invest $5000. What nominal interest rate, compounded annually, would you need in…

A: We have given P=$5000,  A=$10,000  t=7 years find r % we know that compounded interest formula…

Q: How much money should be deposited today in an account that earns 7% compounded semiannually so that…

A: Let $x should be deposited today that earns 7y.Compound semi annually. So that it will accumulate…

Q: At what interest rate compounded quarterly is Php 50,000 deposited if it balloons to Php 85,000 in 5…

A: The formula for compound interest is A=P1+Rnnt, where A=Final amount P=Principal amount R=Interest…

Q: Find the time required for an investment to triple in value if invested in an account paying 4%…

A: A=P1+rnntP is the amount investedA is the amount after t years.r is the rate of interestn=12 for…

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: 15. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple…

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Q: 4. a. Suppose that betwee 401(k) and your employer 8.3%compounded annually dollar, after 18 years?

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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: 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

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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: In the future, it is estimated that university will cost $200,000 per student. How much would have…

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