7. How much money will there be in an account at the end of 10 years if $5000 is deposited at 3% interest compounded quarterly?

Q: What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 22…

A:

Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: 4. If you pay P50.00 at the end of each month for 40 years on account that pays interest at 10%…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: 3. Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: From the given information, it is observed that P = $1000, r = 7.2% = 0.072, and t = 5 years. Note…

Q: at what rate of interest compounded semi-annually will 21,590.00 accumulated to 26,900.00 in 2 years

A:

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…

A:

Q: Suppose that $1000 is deposited in a savings account that pays 6% per annum, compounded quarterly.…

A: Given: Initial deposit is 1000 dollars i.e. P=1000  dollars Rate of interest per year is 6% i.e.…

Q: Someone decides to invest $13,000 in a money market fund that guarantees a 6.3% annual interest rate…

A:

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: Suppose that $7,000 is invested at 4%, compounded semiannually. How much is in the account at the…

A: Amount for compound interest:If P amount of money is invested for t years at r% rate of interest…

Q: 5. What principal you have to deposit in a 4.5% saving account compounded monthly in order to have a…

A: Step 1: The equation for amount accumulated after n years with compound interest i is,…

Q: A company wants to have $200,000 available in 3 years for new construction. How much should be…

A: topic - application of geometric progression

Q: Suppose you borrow $7,500 from a bank that charges 4% interest compounded monthly. How much will you…

A: From the given information, it is observed that the Principal is P = $7500, the rate of interest is…

Q: How much money will i have if I am going to deposit 1000$ every month starting now for 5 years if…

A:

Q: Suppose $1,500 is invested at an annual interest rate of 8 percent compounded quarterly. Compute the…

A:

Q: 14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52…

A:

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: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: How much should be deposited in an account paying 6% interest compounded monthly in order to have a…

A: For compound interest, we use this formula: A=P1+rnnt A is the final amount of money P is the…

Q: 4. What initial investment would result in $20.000 after 12 years if the interest rate is 3.6% and…

A:

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: Assume $5000 is deposited in an account that pays 6% annual interest. How much more would be in the…

A: The answer as follows:

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: 1) At what simple interest rate per annum will P35,500 accumulate to P61,000.00 in 6 years and 9…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

Q: 1. Cara needs $9,000 in11 years. What amount can she deposit at the end of each quarter at 6%…

A: To find: The amount can be deposited at the end of each quarter. Given information: Cara needs $9000…

Q: 3)if a child is given $25,000 at birth and that amount is invested at 9% annual interest, at what…

A:

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: Suppose that $8,000 is invested into an account earning 6.8% interest compounded monthly. Estimate…

A:

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

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: monthly

A:

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

A: A=P1+rnntP is the amount investedA is the amount after t years.r is the rate of interestn=12 for…

Q: A company wants to have $240,000 available at 4 1/2 years for new construction how much must be…

A: Given A company wants to have $240,000 available at 4 1/2 years for new construction  to find how…

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: A family is saving up for a house payment. If they deposit $400 each month into an account that pays…

A:

Q: Suppose $20,000 is deposited into an account earning 2.5% annual interest, find the balance at the…

A:

Q: What annual deposit is necessary to have $10,000 in 9 years if all the money is deposited at 1.5%…

A:

Q: Suppose a state lottery prize is worth 7 million is to be paid in 10 payments of $700,000 each at…

A:

Q: Is it true that if maxine deposited 1000 dollars into an account that pays 4.5% intrest , compounded…

A:

Q: How much must be deposited at the beginning of every six months in an account that pays 5%…

A:

Q: How much will deposits of $35 made at the end of each month amount to after 15 years if interest is…

A:

Q: 14. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A:

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…

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

A:

Q: 18. Alphonse is going to put $2500 in an interest bearing account that pays 3% interest and leave it…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.