4. How long will it take $2,000 to grow to $24,000 if it is invested at 7% compounded monthly?

Q: Samuel is going to invest $1,700 and leave it in an account for 16 years. Assuming the interest is…

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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: 12. How long will it take an investment of of $7,000 to triple in value if it is invested at 6.5%…

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Q: What sum must be deposited today at 8 percent per year compounded annually if the goal is to have a…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

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: Find the years it will take for a principal P to double if invested at a rate of 4% compounded…

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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: Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 5% if the…

A: the compound interest formula:…

Q: How much would you have to pay into an account at the beginning of every 3 months to accumulate…

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Q: 8. How much more does $1,000 earn in 8 years, compounded daily at 3%, than $1,000 over 8 years at…

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Q: An artist currently has $840,000 to invest and her goal is to use these resources to acquire a $1.5…

A: From the given information, it is observed that P = $840,000, t = 6 and A = $1,500,000. Here, the…

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: How much do you need to invest at the beginning of each of the next 60 months in order to have a…

A: Since the given amount of $100,000 is deposited at beginning of each month, it is annuity due.Then…

Q: Sophia is going to invest $7,900 and leave it in an account for 6 years. Assuming the interest is…

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Q: The average cost of a 4-year college education is projected to be $110,000.00 in 15 years. How much…

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Q: How long will it take for a deposit of $3000 to grow into $10,000 at 8.4% compounded yearly

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Q: How long was ₱30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

A: Given, P= 30,000 A= 50,000 r=8.25%=0.0825 n=12(compounded monthly)

Q: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

A: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

Q: 2. How long will it take$5000 to grow to $20,000 if the investment earns interest at the rate of 6%…

A: Given data,  Initial amount (P) = $5000 Final amount (A) = $20000 Interest rate (r) = 6% = 0.06…

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: Solve the problem 12) If inflation is 3% a year compounded annually, what will it cost in 6 years to…

A: Recall the following fact.

Q: Find the interest rate needed for an investment of $9,000 to grow to an amount of $9,900 in 3 months…

A: Step 1Amount = $9900, Principle = $9000n = Compounded monthly = 12 months in a yeart = 3 months =…

Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…

A: The initial amount is: $450 The compound interest is: 3.9% The amount interested per annum…

Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $11,000 in 4…

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Q: Suppose you want to accumulate $350,000 for your retirement in 20 years. You find an investment that…

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Q: Suppose that you have opened a saving account with an initial deposit of $5,600. The account offers…

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Q: 4. How many years will it take for 500.00 to grow to P1,051.82 at 10 percent compounded annually

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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: At what nominal rate compounded quarterly would $20,000 have to be invested to amount to $26,425.82…

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Q: If the present value of my investment is $1,000 and the rate of interest is 10% compounded annually,…

A: From the given information, present value of my investment is $1,000 that is P = 1000, the rate of…

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

A: A=P1+rnnt P is the amount invested. r is the rate. t is the time A is the amount after t years.

Q: If you have an investment of $1000 that grows at a rate of 6%, compounded annually, how much will it…

A:

Q: 2. Suppose Carlo has P34,500 to invest but wants P40,000 for a new pair of branded rubbershoes. He…

A:

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: How long would it take for an investor to double his money at 10% interest per year, compounded…

A:

Q: Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 10 years…

A:

Q: 4. How many years (to the nearest tenth) will it take for a $1500 investment to double with an…

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Q: How much should you invest now at 5% compounded quarterly to have $8000 in 4 years?

A: As in compound interest quarterly A = P1+rnnt

Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount         P =…

Q: If R8500 is invested in a saving account offering 5.4% per year, compounded semi-annually, the rate…

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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 much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

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Q: Your 6 1/4 year investment of $40,000 at 14% compounded quarterly is worth how

A: We have to find the amount

Q: How long will it take $2,000 to grow to $24,000 if it is invested at 5% compounded monthly? years…

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

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

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Q: Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5% if the…

A: We will find out the required value.