A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment be worth after 8 years? Use the calculator provided and round your answer to the nearest dollar.

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: Anna invested her savings of $5000 in an account earning 5.7% annual interest that is compounded…

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Q: A sum of $50,000 is invested in a savings account which pays interest at a rate of 9% per year…

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Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $10000 is invested…

A: Suppose P be the principal amount, R be the interest rate and t be the time, then P=$10000, R=6%…

Q: provided if necessary.)   Write the smallest possible whole number answer.

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Q: A principal of $4400 is invested at 4.75% interest, compounded annually. How much will the…

A: explanation and solution is given below.....

Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?

A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…

Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How much will the…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2600 r=4.25%=0.0425 n=1 for…

Q: A principal of $4200 is invested at 3.5% interest compounded annually. How much will the investment…

A: A=P1+rnntWhere, A is the final amount,P=Principal investment,r=rate of interestn=number of times…

Q: Mary needs $25000 for a down payment on a new home. If she invests her savings of $21350 in an…

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Q: How much did John deposit every month in her savings account if she had $10,000 after 33 month-end…

A: We know that from the ordinary annuity formula, A=PMT1+rnny-1rn…

Q: An amount of $25,000 is borrowed for 5 years at 4% interest, compounded annually. If the loan is…

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Q: Joe invested his $3500 bonus in an account earning 5.5% annual interest that is compounded…

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Q: A principal of $4600 is invested at 7% interest, compounded annually. How many years will it take to…

A: A=P(1+r/100)t   Here a is amount p is principle  r is rate of interest and t is time in years

Q: A principal of $3900 is invested at 5.75% interest, compounded annually. How much will the…

A: Formula for finding the final amount in the account is,      A=p1+rnnt Where A= final amount in the…

Q: A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment…

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Q: A loan of $23,000 is made at 8% interest, compounded annually. After how many years will the amount…

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Q: A couple needs $60,000 as a down payment for a home. If they invest the $45,000 they have at 8%…

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Q: A principal of  $4900  is invested at  4.25%  interest, compounded annually. How much will the…

A: use the formula for compound interest for finding the amount.

Q: How many years will it take for a sum of money to double itself at 7% compound monthly?

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Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…

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Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How many years will it take…

A: Given:- A principal of $2600 is invested at 4.25% interest, compounded annually. To find:- How many…

Q: If you invest $1147 compounded annually at 8.5%, how long will it take to double your investment?…

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Q: You invest at 7% interest, compounded monthly. How long does it take for your money to triple?

A: The compound interest formula is  A=P(1+r/n)nt ; Where, P= principal             r=interest rate…

Q: A principal of  $4800  is invested at  6.75%  interest, compounded annually. How much will the…

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Q: A principal of $4900 is invested at 7.75% interest, compounded annually. How much will the…

A: A principal of $4900 is invested at 7.75% interest, compounded annually.

Q: A principal of $3000 is invested at 3.25% interest, compounded annually. How much will the…

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Q: A principal of $4300 is invested at 5% interest, compounded annually. How many years will it take to…

A: Use formula of compound interest

Q: Steven wants to put $6000 in the bank at a rate of 6.8% per year. Find the amount in the bank after…

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Q: How long would it take for any amount of money,compounded continuously at 5.75% per year, to…

A: Given that,  An investment is compounded continuously at 5.75% interest rate per year.  To find the…

Q: A principal of $4400 is invested at 6.25% interest, compounded annually. How much will the…

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Q: A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the…

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Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 4%…

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Q: A principal of $3200 is invested at 7.5% interest, compounded annually. How many years will it take…

A: Given: A principal of $3200 is invested at 7.5% interest, compounded annually. The formula used to…

Q: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: A principal of $2000 is invested at 3.5% interest, compounded annually. How much will the investment…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2000 r=3.5%=0.035 t=7 years…

Q: A loan of $42,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: nearest

A: Please refer to the image below

Q: A principal of $4500 is invested at 6.5% interest, compounded annually. How much will the investment…

A: As per our guidelines we are supposed to answer one question , kindly repost the remaining question…

Q: Shannon heard that she could triple her money in 11 years if she invested it in a large…

A: We will apply the formula for the compound interest to solve this problem. Here : - T = total money…

Q: Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many…

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Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 8%…

A: From the given statement it is observed that, the investment of $40,000 at 8% compounded quarterly…

Q: A principal of $3800 is invested at 8.5% interest, compounded annually. How many years will it take…

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Q: Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need…

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Q: % interest, compounded annually. After how many years will the amount due reach $44,000

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Q: Determine the amount of money, to the nearest dollar, you must invest now at 5% per year, compounded…

A: To find:- Determine the amount of money, to the nearest dollar, you must invest now at 5% per year,…