60 Compound interest If $1000 is invested at a rate of 3.25% per year compounded quarterly, what is the princi- pal after one year?

Q: 22. INHERITANCE Jessica Thompson inherited $80,000 and decided to put the money in one of two 4-year…

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Q: Ned deposits $15,000 in a certificate of deposit. The annual rate is 10% and will be compounded…

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Q: A person invests 6500 dollars in a bank. The bank pays 7% interest compounded quarterly. To the…

A: here A=amount=principal+interest p=principal amount r=interest rate n=number of compounds in 1 year…

Q: Compound interest If a savings fund pays interest at a rate of 6% per year compounded semiannually,…

A: Given: r=6%, n=2, t=1year, Amount=$5000 We know that relation between compound interestC.I. and…

Q: $10,000 is deposited for 2 years in an account that earns 5% interest.  calculate the simple…

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Q: You invest $13,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

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Q: . Compound Interest If $20,000 is invested at 8%interest, compounded quarterly, find the…

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Q: landa deposits 10, 000 in a bank at the interest rate of 6% compounded annually. How much will…

A: (1)Ans:       P=10000,      r=6%     n= 3 year  amount after 3 year =  A = P(1+r/100))^n…

Q: How much interest is earned in 3 years on $2,000 deposited in an account paying 6% interest,…

A: Consider the following information: PrincipleP=$2,000Rate of interestr=6⁒Time periodt=3 yearsn=4…

Q: A bank offers an interest rate of 5.2% per annum for saving in a fixed deposit account. If Puan…

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Q: Find the accumulated amount at the end of 3 years if $2000 is deposited in an account paying…

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Q: A person invests 6500 dollars in a bank. The bank pays 5.5% interest compounded daily. To the…

A: Given data is : P=$6500 Interest r=5.5% compounded daily, therefore n=365 Let after time t years…

Q: 65. Investment How much money should be invested every quarter at 12% per year, compounded…

A: Given: Here annuity amount is Af=$10,000 We have an interest is given quarterly so the interest…

Q: Present Value What lump sum must be invested at10%, compounded monthly, for the investment togrow to…

A: Compound interest is interest calculated on the initial principal, which also includes all of the…

Q: $12,000 is invested at 10% interest. Find the amount at the end of 3 years if the interest is…

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

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

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Q: 10% compounded every 2 months for 6 years. a) what is the annual interest rate as a decimal? b)…

A: A) 10% compounded every 2months so the annual interest rate must be 6*10 = 60%  since there are 12…

Q: 7% compounded quarterly for 6 years. a) The annual interest rate as a decimal is ? b) The number…

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Q: Find the amount of money (Future Value) in an account where $1,300 is deposited (Present Value) at…

A: To find the future value of the investment.

Q: A person invests 9000 dollars in a bank. The bank pays 4.25% interest compounded daily. To the…

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Q: Determine the value of an account at the end of 10 years of a principle amount of $16000 is…

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Q: . Investment If $8000 is invested in an account earning 4% interest compounded monthly, how much…

A: Given, PrincipalP=$8000Time(t)=7 yearsrater=4% compounded monthly

Q: deposit

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Q: Present Value Find the present value that will grow to $25,000 if interest is 3.2% compounded…

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Q: $11,000 is invested at 10% interest. Find the amount at the end of two years if the interest is…

A: detailed solution is given below when investment is compound interested than amount (A) = P(1+rn)n×t…

Q: nt Use the formula A P(1+ )" to find the total amount of money accumulated for an initial investment…

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Q: ind the present value, using the present value formula and a calculator. (Round your answer to the…

A: We know that present value formula Present value =Future value /(1+r)n Where r= rate of returns…

Q: YOu deposit $10000 in a bank that its annual interest rate is 8% compounded quarterly. What would…

A: We know that where,

Q: A deposit of $20,000 is placed in a scholarship fund that earns an annual interest rate of 3.75%…

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Q: You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The principal amount is P = $ 5000. Rate of interest is r = 5%. The number of times the…

Q: 10. A sinking fund needs to be $10,000 after 5 years. The fund has an annual interest rate of 3%,…

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Q: You invest $15,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

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Q: A person puts $6,500 in a savings account. The bank pays 7% annual interest compounded quarterly. nt…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=6500 r=7%=0.07 n=4 for…

Q: You invest $13,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Here given that                      principle amount (P)=13000 $                      Interest rate…

Q: ind the final amount of money in an account if $5,300 is deposited at 5.5% interest compounded…

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Q: Compound Interest – Present Value. Archer is 25 years old now and he believes he needs |3D…

A: Given that: Age of Archer=25 years.Money needed at the age 60=$900000Rate of return = 11.1%…

Q: 3. You deposit $1200 in an account that pays 5% annual interest. After 10 years, you withdraw the…

A: You deposit $1200 in an account that pays 5% annual interest. After 10 years, you withdraw the…

Q: You deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in…

A: From the provided information FV=P*((1+r)n-1r)FV=4000*((1-0.02)5-10.02)FV=20816

Q: nance. A person wishes to have $27,100 cash for a new car 4 years from now. How much should be…

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Q: 4. If F = P50,000 with the rate 1.5% compounded quarterly for 5 years find the present value and…

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Q: You invest $1500 with CartyFund Bank earning 8% interest compounded quarterly (4 times each year).…

A: Given amount of investment is $1500 with 8% interest compounded quarterly and the time period is 6…

Q: Compound interest If $1000 is invested at a rate of 8% per year compounded quarterly, what is the…

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Q: 8. Saving account. Bernie invested a sum of money 5 years ago in a savings account, which has since…

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Q: Determine the nominal interest rate compounded quarterly if the effective interest rate is 9% per…

A: given that  the nominal interest rate compounded quarterly if the effective interest rate is 9% per…

Q: Annuities: A person wishes to have $400,000 in an account for retirement 15 years from now. How much…

A: I applied compound interest formula and simply put the given values

Q: balance of 5000 $. f he does not make a withdvaual or deposit how much money will be in ricks…

A: We will find the final amount.

Q: 24. Finding Time If John invests $2300 in a savings account with a 6% interest rate compounded…

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Q: You invest $19,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

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Q: he following money market account rates were available from a particular bank. Find the compound…

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Q: A passbook savings account has a rate of 6%. Find the effective annual yield if the interest is…

A: To calculate the effective annual yield accrued by compound interest for the given data