Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…
A: The formula to calculate amount to be deposited in the account is shown belowwhere A is the…
Q: If $800 is invested at 4% compounded quarterly, what is the interest earned after: a) 6 years…
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Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…
A: According to the question: Given that,Rater=18 %=18100=0.18Compounded monthly⇒n=12A=50000Time…
Q: The difference between the future values of a deposit accumulated for 15 years at a rate of 9.5%…
A: Let the amount for the first condition be A1 and for second condition be A2 and let the deposit be…
Q: 13. How long will it take for P6,000 to accumulate to P11,300 at 6% compounded semiannually 14. How…
A: The compound interest formula is defined as A=P1+rnnt, where A is the total amount accrued so far, P…
Q: Ms. Newman had a P55,000 business loan that is to be paid in 8 months. If interest rate is 12%…
A: Note: As per company guidelines we are supposed to solve only 1 question. So, kindly repost other…
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: Suppose $500 is initially placed in a savings account and $500 is deposited at the end of every…
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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: Jim places $10,000 in a bank account that pays 5.8% compounded continuously. After 2 years, will he…
A: Initial amount = P= 10000Interest rate = r= 5.8% = 0.058Time = t= 2 yearsWe use continuous compound…
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: 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: 3. what is the rate of interest compounded annually is the same as the rate of interest of 8%…
A: Hello. Since your question has multiple questions, we will solve the first question for you. If you…
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: Jane Adele deposits $400 in an account at the beginning of each 3-month period for 10 years. If the…
A: Given that, Jane deposits $400 in an account at the beginning of each 3-month period for 10 years.…
Q: Jim places $10,000 in a bank account that pays 8.7% compounded continuously. After 2 years, will he…
A: P0=$10,000t=2 yearsr=8.7100 (first bank)
Q: f $5000 is deposited at the end of each half year in an account that earns 6.2% compounded…
A: answer is in next step
Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…
A: We will find out the required value.
Q: 6) How much does Leo need to invest each quarter in order to have a total of $500,000 in 25 years at…
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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: Suppose $1,500 is invested at an annual interest rate of 8 percent compounded quarterly. Compute the…
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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: Suppose a young couple deposits $800 at the end of each quarter in an account that earns 7.8%,…
A: Calculation: Since the deposits is made quaterly, the total number of periods for the first 3 years…
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: If value of $100 at end of 1 year is $110.00 given that the interest rate is 10% per annum, the…
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Q: How much should a mother invest at the time her son is born in order to provide him with $100,000 at…
A: Given Rate of interest 3% compounded monthly amount=$100,000 n=21 years To evaluate Principal…
Q: A company needs $7,300,000 in 15 years in order to expand their factory. How much should the company…
A: Given: Required amount A=7,300,000 Number of years, t=15 Rate of interest, r=4.1% Number of times…
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: 7. How much more would $5,000 earn in ten years, compounded daily at 6%, when compared to the…
A: Consider the provided question, First find the Amount(B) when Principal(P)= $5000 time (t) = 10…
Q: 1. If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual interest…
A: Given that principle amount P= 5000 Rate of interest r = 4 Time n= 2 Compounded quarterly Amount A =…
Q: How much should be invested now at 7.45% compounded semiannually to have $39,000 in 20 years?
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Q: (A) What is the present value of an annuity that pays $X per month for 10 years, where X is 2082 if…
A: Here we use geometric series formula.
Q: Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.…
A: Given: P=$1000r=0.85%=0.0085n=1t=4 Use the formula: A=P1+rnnt
Q: Checking Homework. Show Work.
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Q: You know that you will need $100,000 for your child’s education in 18 years. If your account earns…
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Q: A person wants to deposit $30,000 per year for 15 years. If interest is earned at the rate of 16%…
A: We will find out the the amount that will grow by the end of 15 years for all given conditions.
Q: Kevin invested $2,500 in an account paying an interest rate of 2.7% compounded daily. Assuming no…
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Q: 4. Brian wishes his son to receive P500,000.00 twenty years from now. What amount should he invest…
A: Brain wishes fis son to receive P500,000.00 twenty years from now.
Q: A company needs $8,000,000 in 5 years in order to expand their factory. How much should the company…
A: Given amount=$8000000 t=5 years Rate=6.6%=6.6/100=0.066 Compound weekly means n=52 (weeks) in a…
Q: A company needs $4,600,000 in 11 years in order to expand their factory. How much should the company…
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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: A person wants to deposit $30,000 per year for 15 years. If interest is eamed at the rate of 16% per…
A: Given information: P=30,000 T=15 year R=16% Consider P is the principle, T is the time, R is the…
Q: 7. Suppose that in 1880, one of your ancestors invested $46 compounded semi-annually at 6.5%. If…
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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: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…
A: Given r= 12%=0.12 total amount A = $50,000 t= 17 years P= principal amount
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: How much money should be deposited today in an account that earns 8% compounded semiannually so that…
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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…
4. In how many years is required for P4,000 to increase by P9,000 if interest is at 11% compounded semi-annually?
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