A bank features a savings account that has an annual percentage rate of 5.4 % with interest compounded annually. Chance deposits $10,000 into the account. How much money will Chance have in the account in 1 year? Answer = $ Round answer to the nearest penny. %3D

Q: Eight thousand dollars has to be invested for ten years. For each option below, calculate the…

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Q: Jason and Naomi have a new grandson. How much money should they invest now so that he will have…

A: Formula for interest compounded semiannually : where, A=76000t=18 yearsr=5.35%=0.0535n=2 as it was…

Q: Margaret can finance the purchase o Plan A: 10%/a simple interest for Plan B: 5%/a compounded quarte

A: In this question, the concept of compound interest is applied. Compound Interest  Compound interest…

Q: You have $2,000 on a credit card that charges a 21% interest rate. If you want to pay off the credit…

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Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

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

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Q: Find the final amount of money in an account if $4, 400 is deposited at 6.5 % interest compounded…

A: Given  principal Amount(P)=$4,400 Interest compounded annually (r %)=6.5% time period(T)=8 years To…

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

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

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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: 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: You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in…

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Q: John Lee's savings account has a balance of $716. After 3 years, what will the amount of interest be…

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Q: 7. Dusty won $125,000 on the Who Wants to be a Zillionaire? game show. He decides to place the money…

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Q: Find the final amount of money in an account if $700 is deposited at 2 % interest compounded…

A: Let's find final amount = ?

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 $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: matt is saving for a new car. He invests P70,000 into an account that pays 3% interest compounded…

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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 Joan of $15.000 is made at 7.75% interest, compounded annually. After how many years will the…

A: Formula for compounded annually -  A= P(1+r)t  Given-  A= $38000  P = $15000  r = 7.75%

Q: Donald Trumptobe decided to build his own dynasty. How much does he have to deposit so that his…

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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: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

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: At the end of each quarter, David deposits $300 into a savings account that earns 3.92% interest…

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Q: Find the final amount of money in an account if $8000 is deposited at 2.5% interest compounded…

A: Initial amount= P= 8000 Time= t= 5 years  Interest rate=r= 2.5%= 0.025  Number of times compounded…

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: Alex and Katie have a new grandson. How much money should they invest now so that he will have…

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Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: We apply formula A = p(1 + r)t p = deposit r= intrest

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

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Q: Which account is a better investment? An account earning 6% simple interest An account earning 5.4%…

A: Let principle amount be $1000 on which interest is calculated. Also let time period be 1 year. Now,…

Q: Parents wish to have $100,000 available for a child's education. If the child is now 6 years old,…

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Q: You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

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Q: You deposit $5000 in an account earning 2% interest compounded monthly. How much will you have in…

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Q: Using the formula: A = P (1 +-) , determine how many years, to the nearest hundredth, it will take…

A: In the formula A=P1+rnnt, A is the future amount, P is the invested amount, r is the rate of…

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: your goal is to create a college fund for your child. suppose you find a fund that offers an APR of…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

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Q: s the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A: Annuity due can be contrasted with an ordinary annuity where payments are made at the end of each…

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

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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: Find the final amount of money in an account if 38, 100 is deposited at 7% interest compounded…

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Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

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Q: Find the final amount of money in an account if $1, 800 is deposited at 7.5 % interest compounded…

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Q: Find the final amount of money in an account if $1,600 is deposited at 4.5%interest compounded…

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Q: You deposit $6000 in an account earning 3% interest compounded monthly. How much will you have in…

A: Compound interest

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.