A couple deposits 24,000 into an account earning 5 percent annual interest for 20 years. Calculate the future value of the investment of the interest is compounded daily

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

A: In the given problem, The principle amount is p = $1000 The rate of interest is r = 7.2% And, the…

Q: According to the Federal Reserve, from 1971 until 2014, the U.S. benchmark interest rate averaged…

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Q: Mary's saving account has a balance of $7254. After 12 years at a rate of 4.2% compounded…

A: Note -  Acc. to Bartleby guidelines, we are supposed to do only one question. If you want more to be…

Q: $7400 is invested for 5 years at 12% compounded quarterly. To the nearest cent, find the following:…

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Q: Find the final amount of money in an account if 2,600 is deposited at 3.5% interest compounded…

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Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: A graduate gets a good job and decides to save $200 per month into a 401K fund on payday, the last…

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Q: Find the final amount of money in an account if $3,700  is deposited at 7%  interest compounded…

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Q: Find the future value. $1972 invested for 12 years at 4% compounded quarterly

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Q: Find the present value of amount. $2000 if interest is 6% compounded annually for 5 years

A: Compound interest formula is A=P1+rnt Where A=AmountP=Present valuer=interest raten=number of times…

Q: Angela deposits $3500$⁢3500 into an account with an APR of 2.7% for 12 years. Find the future value…

A: F. V. =P(1+r/n) nt

Q: Find the amount of money in an account after 10 years if $1,300 is deposited at 8​% annual interest…

A: Principal p =$1300 deposited  Rate =8% annual compounded monthly Time = 10 years To calculate total…

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: If $1737 is invested at 5.74% for 4 years, find the future value if the interest is compounded semi-…

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Q: What is the future value of $112,000 invested for 5 years at 9% compounded monthly?

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Q: Find the future value if $11,000.00 is invested for 7 years at 6% compounded annual. The future…

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Q: Find the future value and interest earned when RM6 000 invested for 8 years at 12% compounded…

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Q: Find the present value that will generate the future value of $2,000 at 7% compounded yearly for 8…

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Q: What is the future value of $6000 earning 12% interest, compounded monthly, 6 years. Round to the…

A: Given,          P=$6000          r= 12%          n=12( compounded monthly)  And         t=6years

Q: Kristy Joe deposits $150 each month in an ordinary annuity to save for a new car. If the annuity…

A: We will find out the required savings for given ordinary annuity.

Q: Find the balance if $30000 is invested in an account paying 4.5 % interest compounded semi-annually…

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

A: If A= final amount including principal P= principal amount I =rate of interest per year t= number of…

Q: Find the future value. $1417.32 invested for 6 years at 4% compounded monthly

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Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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Q: If $19,000.00 is invested in an account for 30 years.. Find the value of the investment at the end…

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Q: of

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Q: "Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

A: Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

Q: Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded monthly.

A: Given:Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded…

Q: A couple makes a one-time investment of $4,000 in a five-year certifi- cate of deposit that will…

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Q: Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly,…

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Q: A principal of $12,000 is invested in an account paying an annual interest rate of 7%. Find the…

A: Compounded quarterly , n=4

Q: Find the final amount of money in an account if $1,500 is deposited at 5.5% interest compounded…

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Q: Find the balance if $23000 is invested in an account paying 6 % interest compounded quarterly for 11…

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Q: Find the future value of an account when $2250 is invested at 3.2% interest compounded quarterly for…

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Q: account

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Q: Find the present value of the future value of $1,000,000 invested at 12% interest compounded monthly…

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Q: What is the future value of $4887 invested for 7 years at 8% compounded annually?

A: A=P(1+r)t

Q: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

A: This is a case of annuity due.

Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Complete the table for a savings account in which interest is compounded continuously. Initial…

Q: Complete the table for a savings account in which interest is compounded continuously. ( Initial…

A: given initial investmentP=$ 600 amount after 10 years A=$ 1234.25 t=10 years claim- find the annual…

Q: Find the balance if $24000 is invested in an account paying 7 % interest compounded semi-annually…

A: Given that: Principal=$24000 Rate of interest=7% semi anually and time=8 years

Q: Find the future value if $7000 is invested for 7 years at 7% compounded annually

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Q: Find the present value of $40,000 due in 4 years at the given rate of interest. 7%/year compounded…

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Q: Suppose you invest $10,145 in an account that earns interest at an APR of 3.9%,compounded annually.…

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Q: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Solution is given below:

Q: Find the future value if $3000 is invested for 5 years at 8% compounded annually.

A: Consider the formula to find the future value FV=PV1+iffn where PV is the present value, i is the…

Q: Use the compound interest formula to determine the accumulated balance after the stated period.…

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