After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings fund that adds 4% each year, about how much will her savings account have after15 years? For this question, ignore compounding and taxes, and assume Katy does not put additional money into savings.

Q: Gabriel invested $17,000 in an account paying an interest rate of 3% compounded annually. Assuming…

A: It is compound interest problem for calculating time period.

Q: Abigail wants to save $15,000 to buy a car in 7 years. If she deposits $10,000 into an account that…

A: Topic- compund intrest

Q: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and the…

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Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

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Q: After several years of working, Katy has saved $125,000. If she invest that $125,000 in savings fund…

A:

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: Isaiah is going to invest $94,000 and leave it in an account for 16 years.Assuming the interest is…

A: Isaiah is going to invest $94,000 and leave it in an account for 16 years. The interest is…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: After several years of working, Katy saved $125,000. If she invests that $125,000 in a savings fund…

A: Given: Initial amount = P = 125000 Interest rate = r = 4% = 0.04 Time = t = 15 years To find: Final…

Q: How much interest will you earn if you invest $800 for 3 years at a simple interest rate of 7%…

A: Principal Amount, P = $800 Time, t=3 yrs simple interest rate, r=7%=0.07 To evaluate : The interest…

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: Monique invested $46,900 in a mutual fund at 4% compounded annually. After 4 years, the interest…

A: Here we have to find out the value after 4 and additional 7 years

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Q: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

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Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: Atticus College predicts that in 14 years it will take $250,000 to attend the college for four years…

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Q: If I invest $25,000 in a savings account which has a 5.75% interest rate and is compounded…

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Q: If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be…

A: Given : $2300 is invested at 12% interest, compounded daily

Q: · A local car wash charges $3 per wash, or one can pay $12.98 for 5 washes, payable in advance with…

A: 5) A local car wash charges $3 per wash. One can pay $12.98 for 5 washes which are payable in…

Q: Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is…

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Q: Credit card A offers an APR of 15.55%, compounded monthly, while credit card B offers an APR of…

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Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

Q: Susan deposited a principal of $130 in a 7% account, compounded annually. At the same time, Jeff…

A: We have to find

Q: Peyton is going to invest $310 and leave it in an account for 16 years. Assuming the interest is…

A: Principal amount:  P = $ 310 Total time period is: t = 16 years Interest is compounded quarterly.…

Q: Megan and Nancy each want to save $250 000 for their retirement in 40 years. a) Nancy begins her…

A: NOTE: Refresh your page if you can't see any equations. . find the annual payment for Nancy here we…

Q: Hsu-Mei wants to save $3,000 for a down payment on a car. To the nearest dollar, how much will she…

A: To real the goal in 3 years is 3000 Question says its compounded daily  so we use compound interest…

Q: On Melissa's 6th birthday, she gets a $2000 CD that earns 3% interest, compounded semiannually. If…

A: P=$ 2000  time T = 15 – 6 = 9years Interest 3% semiannually Then futur value = P(1 + (R/2)/100)2t =…

Q: What is the total amount of money that you will have at the end of 4 years if you invest $7800 for 4…

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Q: an

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Q: Morris’s parents would like to retire in 20 years with a total of $400000. How much would they need…

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Q: Michael invested $50,500 in an account with an interest rate of 4.5% that was compounded annually.…

A: The amount for the compound interest is given by the formula as follows A=P1+rnnt where P is the…

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

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

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Q: Glory deposited the sum of $50000 in a bank account after 5 months she made another deposit of…

A: The solution are as follows

Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

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Q: If the bank advertises its rate as 6.2% compounded monthly, and another bank advertises its rate as…

A: Given: One bank advertises its rate as 6.2% compounded monthly and another bank advertises its rate…

Q: Lydia is going to invest $210 and leave it in an account for 17 years. Assuming the interest is…

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Q: You paid $10,000 for a car whose value is depreciating by 14% per year, compounded annually.…

A: Given,Principle = $10000Interest rate = 14%Time period =3 years

Q: After several years of working, Katy has savings of $1000,000. If she invest that $1000,000 in a…

A: Given: Principal amount(P0)=$1000,000 rate of interest(r)= 5%=5/100 time(n)=20 years…

Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: when you retire in 15 years. If you can earn 3%

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Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…

A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…

Q: Maryam is planning to invest P150,000. Bank A is offering 7.5% compounded semi- annually while Bank…

A: The principal will be equal to 1,50,000 . From bank A , The rate = r               =7.5%…

Q: In going through some old belongings of his ancestors, Mr. Rakib found papers indicating that they…

A: Amount invested in year 1720 is:  P = $22 Interest Rate:  r = 4.5%

Q: Sharon Nguyen has $25,000 to invest and believes that she will earn 6% compounded semiannually. Find…

A: Formula for compound interest  A = amount after t years p = initial investment = $ 25000 r =…

Q: When he was 12, Brian put $250 into a savings account with a 2.5% annual interest rate. Now that he…

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Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Given Principal = $100,000, Time, n = 20 years and Rate of interest, r = 5%. Obtain the interest…

Q: If $18,000 is invested at 6% compounded monthly, what is the amount after 5 years?

A: Answer to question 1. The principal amount is, P = $18,000. The interest rate is r = 6%. The number…

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,…