A person invests $2860 for 15 years in an account that earns 4.6% annual interest. Match each description of a difference in interest earned on the left with the actual difference listed on the right. A. Difference between compounding interest semiannually and annually

Q: What interest will be earned if $6600 is invested for 4 years at 12% compounded monthly? (round to…

A: Given that, $6600  invested for 4 years at 12% compounded   compounded  monthly.    want to…

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: You deposit $5000 each year into an account earning 7% annual interest compounded annually. How much…

A: Use formula to calculate

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: to find:- amount to be deposited.

Q: What interest will be earned if $6600 is invested for 2 years at 12% compounded monthly? (Round your…

A:

Q: sted is compounded monthly rather than compounded annually?

A: We cannot add funds to the present account so annuity will cover the present worth but cannot be…

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A:

Q: If $11,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A:

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: Find the effective rate of the interest that is equivalent to an 9% rate compounded monthly.

A: Effective rate of interest :   The Effective Annual Interest Rate (EAR) is the interest rate that is…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: A passbook savings account has a rate of 5%. Find the effective annual​ yield, rounded to the…

A: Consider the provided question, Given, Interest rate(r)  =  5% = 0.05 Compounded periods = 1000 So,…

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

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

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

Q: If $28,000 is invested in an account for 25 years. Calculate the total interest earned at the end of…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A:

Q: Find the value of a $3,000 certificate in 2 years, if the interest rate is 10% compounded annually.

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A:

Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

A:

Q: If 22600 dollars is invested at an interest rate of 7 percent per year, find the value of the…

A:

Q: How much will Blo00 deposited in an account earning 7% Onnually be worth. interest Compounded In 20…

A:

Q: If $23,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: Solution: From the given information, invested amount is $26,000, interest rate is 7%, compounded…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: To solve the following problem when compounded anually.

Q: $14,000 at 10% compounded semiannually for 9 years final accumulated amount     $   total interest…

A: Where P=principal amount              r=interest rate              n=number of days in a year (365)…

Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

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

A:

Q: How much will an investment of $5,000 be worth in 8 years if it earns 2.2% in annual interest…

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A:

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: If i = .06 what is the equivalent nominal annual rate of interest compounded monthly? the nominal…

A: Here, total number of months is 12. rate of interest, i =0.06.

Q: If $26,000.00 is invested in an account for 10 years. Find the value of the investment at the end of…

A:

Q: Find the effective yield of an investment that earns 3.95% compounded monthly. % round to the…

A: Formula used EAR = (1+i/n)^n -1

Q: If $1200 is invested at an interest rate of 2.75% per year, compounded quarterly, find the value of…

A: Use formula to calculate

Q: Enpa A loạn of $46,000 is made at 4.5% interest, compounded annually. After how many years will the…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A:

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

A:

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily, find the value of the…

A: Given, The initial amount, P=$2500 Rate of interest,r=2.5% Compounded daily,n=365

Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

Q: A deposit of $550 is made in a savings account that pays an annual interest rate of 1% compounded…

A: The formula of the compound interest is, A=P1+rnnt where, A=Amount after the periodP=principal…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 15…

A: Compound Interest Formula:  A=P1+rnnt where A = Amount            P= Principal            r = Annual…

Q: A person invests $2860 for 15 years in an account that earns 4.6% annual interest. Match each…

A:

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Given: N = 15 Years P15 = $6000 r = 5% = 0.05 k = 1 P0 = ? Formula Used: PN = P01+rkNk PN = Balance…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

A: Formula: A=P1+rnnt where A= Final amount P= Principal initial balance r= Rate of interest t= Time…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A:

Q: You deposit $1,500 in an account at the Lifelong Trust Savings and Loan that pays 6% per year…

A: We have PV=$1500         , Present Valuer    =6                , Rate of interestm  =4…

Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: Assume that there are no deposits or withdrawals. An initial deposit of $14,000 earns 8% interest,…

A: here we will find final amount in account after 6years with compound interest,

Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.