A principal of P 2000 is placed in a savings account at 3% per annum compounded annually. How much is in the account after one year?

Q: If you deposit $4500 at 5% annual interest compounded quarterly, how much m oney will be in the…

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Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

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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: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…

A: For compounded monthly, n=12

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: How much compound interest will Sue earn by investing $20,000 at 4.1% p.a. over a four year period,…

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Q: Marwan provides a donation of $4291 to a college with the provision that a scholarship is paid at…

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

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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: Gallant invests starting at age 25 until he retires at age 65. If he invests $2400 each yearat 9.6%…

A: J

Q: Francine currently has $75,000 in her 401k account at work, and plans to contribute $600 at the end…

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Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

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Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: A student takes out a college loan of $7000 at an annual percentage rate of 5%, compounded monthly.…

A: Given data: Principal, P =$7000 Rate, r=5% Since the interest is compounded monthly, n=12 Amount,…

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 amount that results from each investment.$500 invested at 8% compounded quarterly after a…

A: Given that, $500 invested at 8% compounded quarterly after a period of 212 years

Q: You deposit $2000 at the beginning of each year into an account earning 4% interest compounded…

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Q: How much will you need to invest today in an account paying 7% compounding quarterly to have $10,000…

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

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

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 10…

A: Given,         A=3000 , t=10 years, r= 2% and compounded monthly

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

A:

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

A: Use formula of compound interest

Q: A principal of $2000 is placed in a savings account at 3% per annum compounded annually. How much is…

A: A principal of $2000 is placed in a savings account at 3% per annum compounded annually.

Q: Inderjot invests $2500 in a bond that pays 4.5% per year, compounded monthly, for a period of 8…

A: Inderjot invests $2500 in a bond that pays 4.5% per year compounded monthly for a period of 8 years…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

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Q: A $5800 investment is made for a three-year period at an interest rate of 5.4% per year, compounded…

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Q: Find the amount that results from the given investment. $700 invested at 3% compounded quarterly…

A: If P is investment amount, ris rate as a decimal, n is number of compoundings per year and t is time…

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

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

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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: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

Q: c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long…

A: Solution :-

Q: A student takes out a college loan of $4000 at an annual percentage rate of 6%, compounded monthly.…

A:

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

A:

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

A: To determine the initial amount (principal) in the given compound interest problem

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: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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Q: (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at age…

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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: A student takes out a college loan of $6000 at an annual percentage rate of 3%, compounded monthly.…

A:

Q: unt that

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

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…

A: It is given that the interest is compounded monthly. The formula for compound interest is A=P1+rnnt…

Q: Q9 How long does $1,000 have to be deposited into a savings account at the end of each month to…

A: How long does $1000 have to be deposited into a saving account at the end of each month to…

Q: Find the total investment after the given time. $58,000 at 5.5% compounded quarterly for 2 years.

A: To find the total investment after the given time. Given that , $58,000 at 5.5% compounded quarterly…

Q: Find the interest on P10,000 at 5 ½% for 4 years and 6 months compounded monthly.

A: Given that.   Find the interest on P10,000 at 5 %2% for 4 years and 6 months compounded monthly.…

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

A: Let the amount to be invested be P

Q: Find the amount that results from each investment. $500 invested at 8% compounded quarterly after a…

A: Given, P=$500, r=8%, t=212 years, n=4 The amount is given by the formula,…

Q: A student takes out a college loan of $6000 at an annual percentage rate of 5%, compounded monthly.…

A: GIVEN: Student takes out a college loan of $6000 Rate = 5% monthly