A bank features a savings account that has an annual percentage rate of 5.4 % with interest compounded monthly. Todd deposits $3,000 into the account. How much money will Todd have in the account in 1 year? Answer = $ . Round answer to the nearest penny. What is the annual percentage yield (APY) for the savings account? APY=APY= ______%. Round to the nearest hundredth of a percent.

Q: Truck value: 64000  if the truck retained 60 percent of its value every year what is the value of…

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Q: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

A: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

Q: Find the annual percentage yield​ (APY) in the following situation.   A bank offers an APR of 5.4​%…

A: Given query is to find annual percentage yield.

Q: Find the final amount of money in an account if $7,600 is deposited at 3% interest compounded weekly…

A: Use compound interest formula

Q: A bank features a savings account that has an annual percentage rate of 3.8 % with interest…

A: GIVEN: annual rate = 3.8% amount = $2000

Q: Katie invested an amount of $18,000.00 in a mutual fund. After 4 years and 6 months the accumulated…

A: Use the formula for the compound interest and calculate the rate.

Q: Person A deposits $2600 in an account that pays 7% interest compounded once a year. Person B…

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Q: A loan of $19,312 was repaid at the end of 15 months. What size repayment check (principal and…

A: Given : P = $19312 ,    t = 15 months  ,  r = 11% = 0.11

Q: You deposit $3000 each year into an account earning 4% interest compounded annually. How much will…

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Q: Melissa agrees to contribute $500 to the alumni fund at the end of each year for the next 9 years.…

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Q: Find the final amount of money in an account if 38, 800 is deposited at 5 % interest compounded…

A: The final amount can be calculated using the compound interest formula given as:       Compound…

Q: You choose to invest your $3,310 income tax refu d check (rather than spend it). In an account…

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Q: Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have…

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Q: Chuong Ngo borrows $3200 from a bank that advertises a 9% simple interest rate and repays the loan…

A: Given Borrows amount =$3200Interest rate(r)=9%=9100=0.09n=4The annual percentage rate (APR) of a…

Q: Find the final amount of money in an account if $5, 900 is deposited at 7.5 % interest compounded…

A: From the concept of Compound interest

Q: Find the final amount of money in an account if $1, 600 is deposited at 6.5 % interest compounded…

A: Given  Principal = $1600 rate = 6.5% time = 5 years  Compounded weekly.

Q: Grandparents deposited P6,000 into a grandchild's account. How mUch money (to the nearest peso) will…

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Q: Suppose you want to have $300,000 for retirement in 30 years. Your account earns 10% interest…

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Q: Find the final amount of money in an account if $1, 500 is deposited at 3 % interest compounded…

A: Given: P = 1500 r = 3% = 3/100 = 0.03 t = 5  Compounded weekly , which means n = 52  Now, We find…

Q: Find the final amount of money in an account if $9,400 is deposited at 8% interest compounded…

A: Initial amount=P= 9400 Interest rate= r= 8%=0.08 Time=t= 6 years Number of times compounded in a…

Q: You deposit $5000 in an account earning 3% interest compounded quarterly. How much will you have in…

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Q: Dr. Seals borrows $15,000 to remodel her backyard. The interest rate is 3%. The interest is…

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Q: January, Joanna deposited $250 into her savings account. In February, she deposited an additional…

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Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

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Q: 6. Ling borrowed $1500 for her university expenses. She plans to pay back the amount owed after 6…

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Q: Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months…

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Q: A bank features a savings account that has an annual percentage rate of 2.2 % with interest…

A: Given- r=2.2% compounded at semi-annualy and P=$10,500. To find- the amount of money in 1 year and…

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

Q: A bank offers 0.25% annual simple interest for a deposit. If you deposit ₱500,000.00, how much…

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Q: Find the balance of an account that starts with $12,000 at a 4.8% annual interest rate after 7…

A: Given  Principal P= $12000 Rate of interest = 4.8% = 0.048 Time T = 7 years.  We have to find the…

Q: Find the final amount of money in an account if $3, 800 is deposited at 8 % interest compounded…

A: Given: P = $3800  r = 8 % =8100=0.08 t = 6 years  compounded semi-annually  To calculate: Final…

Q: Find the final amount of money in an account if $8, 400 is deposited at 3 % interest compounded…

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Q: Find the final amount of money in an account if $1, 000 is deposited at 4 % interest compounded…

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Q: A bank features a savings account that has an annual percentage rate of 5 % with interest compounded…

A:

Q: A bank features a savings account that has an annual percentage rate of 4,9 % with interest…

A: we have to find

Q: Ramon won 30, 000 in a mathematics quiz bee. He deposited it in the bank, which gave 2% interest…

A: Roman won $30,000 in a mathematics quiz bee. He deposited it in the bank, which gave 2% interest…

Q: Chris invests $8,000 at 7% simple interest for 31 years. Round your answers to the nearest cent.…

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Q: Next A bank features a savings account that has an annual percentage rate of 3.2 % with interest…

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Q: At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of…

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Q: A bank features a savings account that has an annual percentage rate of 3 % with interest compounded…

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Q: Jeanalyn is saving P6,000 every end of quarter for 8 years for the college education of her only…

A: P= p6000  Time =8 years  Interest rate (r) = 14%  Find the amount in 8 years if compounded…

Q: You deposit $1000 into an investment account. 8 years later, the amount in the account has doubled.…

A: This is a problem related to interest calculation. Based on the general formula we will calculate…

Q: You deposit $2000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given:    A = 2000    t = 10   r = 5% = 5/100 = 0.05  Compound Monthly : n = 12

Q: Find the final amount of money in an account if $900 is deposited at 3.5 % interest compounded…

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Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

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Q: Person A deposits $2600 in an account that pays 7% interest compounded once a year. Person B…

A: The formula for finding the total amount is given by A=P1+rnnt where A is the total amount, P is the…

Q: Michelle invests in a savings account that pays 5% interest compounded monthly. What is the APY…

A: we know that  APY = 1+rnn-1

Q: At the start of each month you put $100 into an account that pays 6%, compounded monthly. After 10…

A:

Bar Graphs

A bar graph is a chart or graphical representation of data. A bar chart, also known as a bar graph, is a graph or chart that displays categorical data using rectangular bars with heights or lengths equal to the values they represent. Typically, bar graphs show categorical and numerical variables grouped in class intervals. A bar graph is useful for comparing and analyzing a set of data.