Q: 5. Suppose that $4100 is invested at 2.3 % compounded quarterly. How much will be in the account…
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Q: 8.) Jess wants to have one million dollars when she retires in 35 years. How much should she invest…
A: We can directly calculate the principal amount using the continious interest formula.
Q: Your client contributes $500 a month into an investment account, earning 7.5% annual return,…
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Q: You decide to invest $7,500 into an account that pays 1.1% annual compound interest. How many years…
A: The given problem is You decide to invest $7,500 into an account that pays 1.1% annual compound…
Q: 4) $9.000 is invested at 12% for 3 years. Find the ending balance if interest is compounded yearly.
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Q: Suppose you deposit $4,000 into a savings account that earns 5.4% APR compounded monthly. The APY is…
A: 13 years will take initial amount to be double.
Q: 5. Joanne deposits $4,300 into a 1-year CD at a rate of 2.3%, compounded daily. a. What is her…
A: The formula for compound interest is A=P1+rnnt where P is the principle amount A is the amount n is…
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: 31. How long will an account worth $2.2 million provide $10,000 at the end of each month, if money…
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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: Cara needs $9,000 in 11 years. What amount can she deposit at the end of each quarter at 6% interest…
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Q: 2. At an interest rate of 2% per month, the money will double in value in how many months?
A: The compound interest formula for an amount P compounded per month at a rate of r% for n months is…
Q: Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly. How much money…
A: Given problem:- Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly.…
Q: 3. Six years ago a Honda Accord was worth $21,000. Now the car worth $15,099. a. What is the annual…
A: Given that six years ago a Honda Accord was worth $21,000 and now the car is worth $15,099. To find:…
Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…
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Q: At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to…
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Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…
A: Given that worth $28,700.00 in 5 months. 9% annual simple interest on an investment,
Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…
A: Given, Suppose you invest $500 in a savings account that pays 3.5% annual interest,…
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: 8. What amount of money is equivalent to receiving $5000 two years from today, if interest is…
A: $5000 two years from today, interest is compounded quarterly at the rate of 2.5 per quarter
Q: 4. Fleet Street Bank pays 4.25% compounded quarterly on a savings account. Washington Bank pays…
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Q: 7. Suppose you found a CD that pays 4.1% interest compounded monthly for 6 years. If you deposit…
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Q: 6) Sam opened a bank account with an interest rate of 4.8% that is compounded annually. He invested…
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Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each year…
A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=8000 t=10 years r=7%=0.07…
Q: 4. You put 5000 dollars in a saving account that pays 2.5 percent interest annually. What is the…
A: From the given information, the principal is P=5000, interest rate 2.5% and the time is n years.…
Q: -) How long will it take a saving account which is simple interest paid per year, to double in value…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…
Q: Faber castle, A manufacturer of pencils, invest P82,000 with interest compounded quarterly for six…
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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: 3) Find the amount of time it would take for your balance to double at an interest rate of 8.75%.
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Q: What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.19%…
A: We have to find the annual percentage yield (APY).
Q: What amount of money will accumulate to $83,000 in 1 year and 3 months at the interest rate of 2.12%…
A: Given Principal (P) =83000 Rate of interest (R) =2.12% Time (T) =1 year 3 months
Q: In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 25 and…
A:
Q: How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42 at the…
A: To find How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42…
Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…
A:
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: 5 How many years will it take to be able to accumulate P20,000 to P32,427.25 at 1.75% simple…
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Q: A $21 500 investment earns 5.25% interest, compounded quarterly.
A:
Q: 2. How long will it take for a principal to double if money is worth 6.2% compounded monthly?
A:
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: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…
A: Here P=50,000 F V=100,000 r=9%=0.09 n=4
Q: 8. In order to have P50,000 in 5 years, how much should you invest if the compound interest is 5%?
A: Given : Amount=50,000 Time=5 years Rate of interest=5% Formula to calculate the Principal amount…
Q: Nicole deposited $4,400 into a savings account earning 6% interest compounded quarterly. If she…
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Q: 4. How long will 1 million pesos earn a simple interest of 200.000 at 2% per annum?
A: Since you have asked multiple questions, we will solve the fourth question for you simple interest…
Q: In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 32 and…
A:
Q: Is it true that if maxine deposited 1000 dollars into an account that pays 4.5% intrest , compounded…
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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. Nicole invests $4400 in an account which pays 6.7% compounded quarterly. The number of years…
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Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…
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Q: 18. Alphonse is going to put $2500 in an interest bearing account that pays 3% interest and leave it…
A:
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