8. If Miya places $650 in a savings account that earns a nominal 2.5% yearly interest compounded monthly, then which of the following is closest to the worth of this account after 4 years? (1) $655.44 (3) $718.29 (2) $686.38 (4) $2126.47

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: 27. Suppose you are offered a job and they have provided you with two differ- ent retirement…

A: To determine the best scheme, the future values are calculated.The future value of the first scheme…

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: 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: Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is…

A: The principal amount Evelyn is going to invest is:  $3,500 Time period:  t = 16 years Interest is…

Q: 3. At a certain interest rate compounded annually, P100,000 will become P450,000 in 15 years. What…

A:

Q: )If the same two $15,000 deposits are made (at time 0 and end of year 4) into a different account…

A: Principal amount= 15000$ Intrest = 8.4 Compund intrest quarterly.

Q: 2. If P6,780.00 is invested for ten years at an annual rate of 8% compounded semi-quarterly.…

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: 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…

A:

Q: 6. Find the amount necessary to fund yearly withdrawals of $3000 for 12 years with interest rate…

A: Compound interest problem......

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: If $1000 is invested at a rate of 5.60% compounded monthly (n = 12), what is the principal after…

A: Given that P=$1000 r=5.60% n=12, t=4 years The formula for Compound interest is A=P1+rnn.t Where, A-…

Q: Suppose that a principal of $1000 accumulated to $1454 over a period of 5 years. Determine the…

A: The formula for compounded amount is given by, A=P1+R/n100nt  where, P: Principal value R: Rate of…

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

A:

Q: Find the accumlated value of an investment of 14,000 at 5% compounded annualy for 20 years?

A: Given amount, time and rate

Q: 7. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A: Note: We will answer the first question only as the exact one is not specified. Please resubmit the…

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: 2. What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per…

A: according to our guidelines we can answer only first question and rest can be reposted.

Q: Suppose 20,000 is deposited into an account earning 205% annual interest. Find the balance at the…

A:

Q: Suppose that you would like to set up a scholarship. The fund that with an interest rate of 5% per…

A:

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A:

Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

A:

Q: A $27,000, 7% bond redeemable at par with interest payable annually is bought 9 years before…

A:

Q: 2. A man wants to make 14% nominal interest compounded semi-annually on a bond investment. How much…

A: There is no such introduction for the solution.I have explained it within the solution.Please go…

Q: Suppose that $30,000 is invested with 2.5% interest compounded quarterly (4 times a year). Determine…

A: Given that       P = principal amount = $ 30000      r = interest rate = 2.5% = 0.025     n = number…

Q: Emily Dorsey's current salary is $68,000 per year, and she is planning to retire 18 years from now.…

A: Salary of Emily is $68,000 per year. She will retire after 18 years. Annual increase in salary is…

Q: At what interest rate will a principal of P9,500 accumulate to P15,000 in 2 years noounded…

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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: ith a present value of $125,000, what is the size of the withdrawals that can be made at the end of…

A: topic - geometric sequence

Q: What is the total amount of money that you will owe at the end of 4 years if you borrow $8500 for 4…

A: What is the total amount of money that you will owe at the end of 4 years if you borrow $8500 for 4…

Q: 4. Suppose that you would like to set up a scholarship. The fund that you set up will grow with an…

A:

Q: 9) If Juan invests $7,000 at 6% annual interest rate compounded semi-annually Tor 12 years, how much…

A:

Q: Suppose your​ friend's parents invest $25,000 in an account paying 6% compounded annually. What will…

A:

Q: 1. You can make a one-year investment at 7.8% compounded monthly, or 8.1 %compounded semi-annually.…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: 2. Suppose Ms. Tran invested $1000 at an interest rate of 4% compounded quarterly for 6 years. What…

A:

Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

A:

Q: At 27, Joanna Gretz sets up an IRA with Merrill Lynch where she plans to deposit $2000 at the end of…

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Q: An investment opportunity promises to pay off an amount of P1,000,000 seven years from now if one…

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Q: Suppose your​ friend's parents invest $25,000 in an account paying 6% compounded annually. What…

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Q: 7. If you invest $3200 at 3.5% compounded monthly how much will you have at the end of 4 years?

A:

Q: Bank A pays 4% interest compounded annually on deposits, while Bank B pays 3.5% compounded daily.a.…

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: An investment of $17,000 was growing at 4.5% compounded quarterly. a. Calculate the future value of…

A:

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.