18. Adwoa invested $3500 at 4.1% per year, compounded monthly, for 5 years. Determine the final amount of interest that was earned on the investment. a. $750.50 b. $778.80 c. $775.01 d. $794.84

Q: 2) Use the situation to answer the question. How much money would Manny have if he invested $1,200…

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Q: (ii) What would be the annual interest rate needed to triple over ten years an initial $5000…

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Q: ) What simple interest rate will convert a $200 investment into $250 in one year ? a)O 6% b) O 10% O…

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Q: 5. Compare the annual interest earned over a 5 year period on a $1000 investment at: a. 8% per year…

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Q: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

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: 5. You are the proud parent of a baby girl. You estimate that the cost of her college education 18…

A: You are the proud parent of a baby girl. You estimate that the cost of her college education is…

Q: 4.9 For a Federal Credit Union that offers an interest rate of 8% per year, compounded monthly…

A: Note: Since you have asked multiple question, we will solve the first question for you. If you want…

Q: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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Q: 3. If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded…

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Q: a) Determine the simple interest rate at which $10,000 will grow to $10,500 in 10 months.

A: Compound interest is the interest on the interest. When the interest is compounded, then the formula…

Q: A personal account earmarked as a retirement supplement contains $242,100, Suppose $200,000 is used…

A:

Q: 5. What principal you have to deposit in a 4.5% saving account compounded monthly in order to have a…

A: Step 1: The equation for amount accumulated after n years with compound interest i is,…

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A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…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: Your 4 year investment of $21,000 received 13.6% interest compounded quarterly. What is your total…

A: Here p0 = 21000$ R = 13.6% annually  N = 4 year

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: John Lee's savings account has a balance of $1,251.00. After 5 years, what will the amount of…

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Q: Find the effective rate of Interest that is equivalent to an 6% rate compounded monthly. 6.09 % O…

A: Answer is mentioned below

Q: 1) At what simple interest rate per annum will P35,500 accumulate to P61,000.00 in 6 years and 9…

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

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: c. If you plan to put your graduation money into an account and leave it for 20 years while you go…

A: GivenIf you plan to put your graduation money into an account and leave it for 20 years while you go…

Q: 5. The present value of a perpetuity that will pay out $10 K per year forever is $250 K. Assuming…

A: Given that Present value=$ 250 K    Per year pay-out=$ 10 KAs it is forever paid . it is…

Q: 1. Cara needs $9,000 in11 years. What amount can she deposit at the end of each quarter at 6%…

A: To find: The amount can be deposited at the end of each quarter. Given information: Cara needs $9000…

Q: Allison is 34 years old and plans to retire at age 65 with ​$1,380,000 in her retirement account.…

A: Given: Final amount is $1,380,000 Interest is 4% that is compounding daily Time is 31 years (from…

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: I An account bcaring interest at 6 percent compounded semiannually was established 10 years ago. The…

A: Given that an account bearing interest at 6 percent compounded semiannually was established 10 years…

Q: 8. The Bagel Bank pays 9.1% interest compounded monthly. What is the effective annual percentage…

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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: 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: Checking Homework. Show Work.

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Q: Suppose you saw a sign at your local bank that​ said, ​"5.3​% rate compounded semiannually – 5.5​%…

A: Given the data :

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: 2. How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: 2 Given information A=$30,000 APR=6% ⇒r=6100=0.06 Time t=10 years Since, rate of interest compounded…

Q: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

Q: 13. Calculate the present value of $1,000 to be received at the end of 8 years. Assume an interest…

A: As per our guideline we are supposed to answer only one question you can repost other questions in…

Q: 1. How much do you need to deposit into an account with 5.4% interest compounded monthly if you want…

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Q: How much should be invested in an account paying 9% compounded daily for it to accumulate to $5,000…

A: How much should be invested in an account paying 9% compounded daily for it toaccumulate to $5,000…

Q: 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an…

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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: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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Q: 12.) What is the rate on an investment that doubles $3171 in 14 years? Assume interest is compounded…

A: Let the rate of interest be r/ year.Since the interest compounded quarterly, the rate of interest…

Q: Find the accumulated value of an investment of $20,000 at 12% compounded semiannually for 8 years.…

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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: 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: Calculate the simple interest earned on an investment of $ 400,000 after 12 years at a rate of 3.5…

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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…

Q: 17. An account with an initial deposit of $ 6,500 earns 7.2% annual interest, compounded annually.…

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