A = r(1 + nt

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given:              $500 for 7 years at 6%

Q: Find the time it takes for $5,900 to double when invested at an annual interest rate of 11%,…

A:

Q: Use the formula :to calculate the balance A of an investment when P = $3000, r = 6%, and t = 10…

A: Given :  P = $3000, r = 6% and t = 10 years

Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…

A:

Q: how long will it take for the amount in the account to reach $12,000?

A:

Q: A sum of $6,000 is invested at an interest rate of 6% per year. Find the time required for the money…

A: As per the guidelines we can answer only first three sub-parts.  If you want to get the answers of…

Q: Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate…

A: Given: Principal amount = $5000 Final Amount = $7700 Interest rate = 5.5% Compounded Quaterly.…

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 6% annual interest,…

A: The annuity formula is PN=d1+rkkN-1rk where PN is the total amount after N years, d is the monthly…

Q: A sum of $1000 is invested in an account that pays an annual interest rate of 1.6% per year. Assume…

A:

Q: Sophie invested $170 in an account paying an interest rate of 2% compounded continuously. Wyatt…

A:

Q: Elijah invested $79,000 in an account paying an interest rate of 2;% compounded daily. Landon…

A: Given: Elijah invested $79000 at 11/4% compounded daily for 7 years Landon invested $79000 at 13/4%…

Q: How much money should be deposited today in an account that earns 6% compounded semiannually so that…

A:

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A:

Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

A: Formula for simple compound interest where P is principal amount            r is interest rate…

Q: Elizabeth invested $970 in an account paying an interest rate of 62% compounded daily. Matthew…

A: Given problem:- Elizabeth invested $970 in an account paying an interest rate of 65% compounded…

Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: imber Inc. invested profits of $225,000.00 in a GIC at 5.62% compounded semi- annually. How long…

A:

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: The principal amount (P)=$7500. Time period(t)=10 years Rate of interest(r)=6.5%=6.5100=0.065

Q: A man invests $5000 in an account that pays 8.5% interest per year, compounded quarterly.(a) Find…

A:

Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

A:

Q: Solve the following; a) Find the time in years to increase an amount of money from 15000 to 25000 at…

A: The solution for the above question is as shown below.

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given that: Principal, P=$400 Rate of interest, r=7% Time, t=5yr.

Q: The desired accumulated amount is $60,000after 11 years invested in an account with 2.3% interest…

A:

Q: You would like to put some money into an account so that you will have $6000 in the account 8 years…

A: Consider the formula to find the present value : PV=FV1+rknk where FV is the future value, r is the…

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

A:

Q: How long (in days)do you need to invest your money in an account earning an annual interest rate of…

A: Given: Interest rate r=2.248% =2.248100=0.02248           let initial amount be P Given the initial…

Q: You deposit $6000 in an account earning 2% interest compounded continuously. How much will you have…

A:

Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

A:

Q: How much will you get out from 1000 that grows at 9% compounded monthly at the end of 17 years?

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Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

A:

Q: The compound interest formula is given by Tt A = P[1+- where A is the accumulated amount, after an…

A:

Q: A sum of 5,000 dollars is invested at an interest rate of 8 and 1/2% per year, compounded…

A:

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Principle amount P=$15,000rate of interest, r=5.75%time, t=10 years

Q: Sophie invested $170 in an account paying an interest rate of 2-% compounded continuously. Wyatt…

A:

Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Given Future value =7500 r= 0.085 t=10 years

Q: Hannah wants to have $ 4500 to help pay for a new deck in 7 years. If she wants to put her money…

A:

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A:

Q: Mike and Terri estimate that they want to buy a house for $174,000.00, and they need to make a down…

A: Given data:   The given cost of a house is C=$174,000.00. The given percentage of the down payment…

Q: You deposit $4000 in an account earning 3% interest compounded continuously. How much will you have…

A:

Q: When a principal amount, P, is Invested at an annual interest rate, r, and compounded n times per…

A: Given formula A=P1+rnnt Here, P= Principal amount r= rate of interest n= Compounded period t=time

Q: Use the compound interest formula to complete the total amount accumulated and the interest earned…

A:

Q: If you invest $10,000 at 7.125% interest compounded daily, how long will it take for you to…

A: When the interest is compounded daily, then the formula used is , where, A is the final amount, P…

Q: What rate of interest compounded annually is required to double an investment in 29 years? The rate…

A: Given,

Q: 6. Mateo invested $8000 at 3% interest compounded quarterly. How long will it take for the…

A:

Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Q: A couple just had a baby. How much should they invest now at 5.6% compounded daily in order to have…

A:

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

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Q: An emplyee wants to invest 60,000 in a pension plan. One investment offers 4% compounded quarterly.…

A: We have to find total of 60000 investment at 4% compounded quarterly for 4 years. P=60000, r=4%=…