4) $9.000 is invested at 12% for 3 years. Find the ending balance if interest is compounded yearly.

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A: Solution :-

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Q: Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of…

A: Simply use the formula of the Compound interest.

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

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A: Given  that Investing 5000$ in a business increases the value to 6300$ after 5 years.

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Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

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Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: c. Suppose that you had the opportunity of investing $5000 in a business such that the value of the…

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

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Q: A family wants to have a $170,000 college fund for their children at the end of 17 years. What…

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Q: 2. Ms. Z puts P242, 400 in a savings account that pays a set yearly interest rate of 5% compounded…

A: Let's find account balance after six years.

Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

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Q: Suppose you buy a home and finance $285,000 at $2,293.17 per month for 30 years. What is the amount…

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Q: What is the total amount of money that you will have at the end of 4 years if you invest $300 for 4…

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Q: Allison is 28 years old and plans to retire at age 65 with ​$530,000 in her retirement account.…

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Q: Part 2: Compound interest 1. What is the present value of Php65,000 at 11% compounded annually for 4…

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Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

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Q: A person wants to invest $11,000 for 3 years and is considering two different investments. The first…

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Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

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Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

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

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Q: At what simple interest rate will an amount of money gain 50% of the principal in 4 years?

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Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

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Q: If the inflation rate is 4.85% compounded annually, how long will it take for prices to double?

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Q: A $21 500 investment earns 5.25% interest, compounded quarterly.

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Q: 2. How long will it take for a principal to double if money is worth 6.2% compounded monthly?

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Q: If a credit union awards interest of 8 percent per year compounded semiannually, what amount must be…

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

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Q: A money market account of $800 earns 3.0% interest compounded quarterly. What is the equation?

A: Given that principal (P)=$800annual interest rate (r)=3%=3100=0.03number of times compounded per…

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

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Q: Lee put $5,000 into a stock market index mutual fund that grew at an average of 6.5% per year for 10…

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Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

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

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