A newborn child receives a ​$7,000 gift toward a college education from her grandparents. How much will the ​$7,000 be worth in 19 years if it is invested at 6.5​% compounded​ quarterly?

Q: Marsha and Jan both invested money on March​ 1, 2007. Marsha invested ​$9,000 at Bank A where the…

A: Given that Marsha and Jan both invested money on March​ 1,2007 and  Marsha invested $9000 at Bank A…

Q: To save for her high school graduation, Jenny decided to save P1,250.00 at the end of each month. If…

A: We need to choose correct option.

Q: mt A = P (1+ %3D If I deposit $2,500 today in an account paying 1% interest compounded quarterly,…

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Q: If a man received P12900 from his 4-year investment, how much was invested at 3% compounded…

A: We know formula for compound interest asA=P1+rnnT

Q: you ave $5000 to place in a CD for 10 years. the CD pays 2.9% annual interest, compounded quarterly.…

A: Given,

Q: yana received a family gift of $2,500 for graduation. She wants to invest it for 4 years at a rate…

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Q: Jerry plans to do his master degree in six years, which will cost him $30,000.00. If his investment…

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Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

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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: For a sum of $8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

A: Given Principal amount = P = P8000 Time = t = 12 years 9 months Final amount = A = P16000

Q: How long will it take money to quadruple if it is invested at the following rates? (A) 4% compounded…

A: We have to find time to quadruple.

Q: Find the present value of 370,000 php due in 2 years if the money is invested at 7% compounded…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: We have to find the deposit after 3 years.

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: 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: How much money would you have after 30 years if you deposited $2000 in an account that pays 2%…

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Q: A student has a savings account earning 9% simple interest. She must pay $1200 for first-semester…

A: Given The simple interest on a savings account of a student is 9% and tuition bill for the first and…

Q: 3. Six years ago a Honda Accord was worth $21,000. Now the car worth $15,099. a. What is the annual…

A: Given that six years ago a Honda Accord was worth $21,000 and now the car is worth $15,099. To find:…

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

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Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 8.4%. If you deposit…

A:

Q: A recent college graduate's gift from her grandparents is $23,000. How much will this provide at the…

A: NOTE: Refresh your page if you can't see any equations. . here we have L=23000 r=5.4%=0.054 t=12…

Q: (a) How much will be in your account after 5 years? (b) How much interest will be earned after 5…

A: Principle, P = $2000 Interest rate, r = 3% = 0.03 Use the continuous compound interest formula,…

Q: If a person takes a mortgage OMR 82,000 for 25 years, with a rate of interest 4% compounded…

A: Total number of periods is 100. Therefore answer b is correct.

Q: Ms. Cruz borrowed P50, 000 and repaid it 5 years later. If money earns interest at16% compounded…

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Q: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: Julia wants to have $5,000 in 10 years after investing in an account that earns 4.2% compounded…

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Q: Suppose Mr. Chui would like to know the present value of his monthly deposit of P4,500 when interest…

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Q: Sumi Kato's savings account has a balance of $1292. After 12 years what will the amount of interest…

A: Compound interest formula

Q: Abby and George are setting up a college fund for their newborn daughter and want to have $150,000…

A: Use compound interest formula

Q: (a) If $1,000 is irvested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

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Q: How long will it take for money to double itself at 8% compounded quarterly? (Assume a principal…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Richard is 35 years old now and he believes he needs $1,500,000.00 when he retires at 55. If his…

A: Solve for to determine the investment amount

Q: What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.19%…

A: We have to find the annual percentage yield (APY).

Q: If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

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

Q: A recent college graduate moves back in with their parents and invests their entire first year…

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Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

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Q: 3. Sheren makes quarterly payments of $750 into an account that pays 7% per year, compounded…

A: We will find out the required value.

Q: Angel deposited $6,000 in an account that pays 6% interest compounded annually. Which expression can…

A: Formula for compound interest  is as below : A=P(1+r100)n where, P=amount of investment A= Value of…

Q: Nicole deposited $4,400 into a savings account earning 6% interest compounded quarterly. If she…

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Q: For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

A:

Q: Claire invested $98,000 in an account paying an interest rate of 4^3/8. Kayla invested $98,000 in an…

A: Given Claire invested $98,000 in an account paying an interest rate of 4^3/8. Kayla invested $98,000…

Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

A:

Q: 1.Martha invest $8500 at an annual rate of 5% compounded quarterly per year. How much money will she…

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Q: Suppose Kylie has an account that will grow to $423,000.00 in 22 years. It grows at 4.9% annual…

A: We have to find the additional monthly contribution to meet the goal.

Q: What rate of interest (as a percent), compounded monthly, is needed for $1000 to grow to $11500…

A: P: the principal, amount invested A: the new balance t: the time r: the rate

Q: A couple buys a new bedroom furniture set for 16,000 pesos and 10 years later sells it for 8,00 f…

A:

Q: Gwen has saved $3,500 and wants to deposit it into a savings that earns 4% annual interest for 10…

A: Given P = initial investment = $ 3500 r = interest rate = 4% = 0.04 t = time period = 10 years

Q: For her 1st birthday, Ruth's grandparents invested $700 in an 18-year certificate for her that pays…

A: Given: For her 1st birthday, Ruth's grandparents invested $700 in an 18-year certificate for her…