Alex invested $800.00 on compound interest at the credit union. If she leaves if for 5 years what will be the value of her investment if it was done at 4% per annum. How much money will she have accrued as interest in the time?

Q: Mastura wishes to invest RM8,000 in a fixed deposit account for one year. She has two options:…

A: According to the given information, it is required to tell which bank Allan should choose.

Q: mr. and mrs lkan deposite $15,000 into college saving account with an annual compound interest rate…

A: Given that Mr. and Mrs. Ikan deposited $15,000 into college saving account with an annual compound…

Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…

A: According to the question: Given   that,Rater=18  %=18100=0.18Compounded  monthly⇒n=12A=50000Time…

Q: A $5000 Mauranol, Inc., corporate bond matures in 10 years and has a coupon rate of 7.2% paid…

A: Hi, thank you for the question. Since you have posted a question with multiple sub parts as per our…

Q: 1. Mr. Robert deposits P30,000 in National Bank for 3 years which earn him an interest of 2.8% per…

A: The compound interest formula is given by the equation A=P1+rnnt. Here, A is the accrued amount…

Q: Jon Deposits $4,500 into an account paying 7% annual interest compounded quarterly and Sara deposits…

A:

Q: Rose has saved $160,000. If she decides to withdraw $2500 at the beginning of each month knowing the…

A: From the given, Amount (A) = $160,000 Principle amount (P) = $2500 Rate = 5% per annum Then R =0.052…

Q: If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D) monthly;…

A:

Q: Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is…

A: The principal amount Evelyn is going to invest is:  $3,500 Time period:  t = 16 years Interest is…

Q: 2) Donald has a choice between two banks, Wells Fargo and Citi. If Don saves his money in Wells…

A:

Q: An investment company pays 9​%compounded semiannually. You want to have $22,000 in the future. ​(A)…

A: Future Amount, A = $22000 Rate of interest, r = 9% = 0.09 The number of times the interest is…

Q: Nehemiah has $750 to deposit into 2 different savings accounts. Nehemiah will deposit $400 into…

A:

Q: A credit card company charges compound interest annually on any unpaid debts at 5%. Mr. Brian now…

A:

Q: Amanda deposits$60,000 into an account that pays 4% interest per year, compounded annually. Sam…

A: In this question, concept of simple interest and compound interest is applied. Compound interest is…

Q: A father opened a savings account for his daughter on the day she was born, depositing $1,000. Each…

A: Given that A father opened a savings account for his daughter on the day she was born, depositing…

Q: Year First Second Third Interest Melissa earns (Interest compounded annually) $ $ $ Interest Greg…

A:

Q: Cara needs​ $9,000 in11 years. What amount can she deposit at the end of each quarter at 6​%…

A:

Q: Mauro has $500 to invest in one of two accounts for 3 years. Account 1 earns 1.2% interest…

A:

Q: Warren wants to invest $10,000.00 for 10 years. Molesworth Bank offers 4.75% compounded annually,…

A: Since you have posted a multiple question ,I will solve the first question  for you. To get…

Q: Evan has $4,600 to deposit into two savings accounts. • Evan will deposit $2,000 into Account I,…

A:

Q: If you save IDR 100,000 (one hundred thousand rupiah) with 8% interest per year and interest…

A:

Q: Three years ago, Andrea loaned $2000 to Heather The principal with interest at 9% compounded…

A: Value of first loan now = L(1+r)P Where, L= Laon taken = 2000 r =periodic interest rate =9%/2 =4.5%…

Q: How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly?…

A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

Q: Alex expects to graduate in 3.5 years and hopes to buy a new car then. He will need a 20% down…

A:

Q: If $10,000 is invested today in an account that earns interest at a rate of 9.5%, what is the value…

A: Solution:

Q: Damon deposited a total of $550 in two different bank accounts. He deposited $350 into Account I…

A:

Q: P1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: We have to find the balance at the end of 17 years.

Q: if miya places $650 in a savings account that earns a nominal 2.5% yearly interest compound monthly,…

A:

Q: . There are two options: Savings account A: pays 1.25% compounded annually. Savings account B: pays…

A:

Q: 2.     Suppose Lita lends to Lito ₱13,650.00 under the condition that simple interest will be…

A: We need to determine the amount that Lito needs to pay after 1 year and the interest earned by Lita.…

Q: 3. If a sum of money amounts to $ 6200 in 2 years and $ 7400 in 3 years under simple interest, then…

A: Principal= $ 3800  For detail go through the solution...I have solved step by step in detail

Q: Sebastian is going to deposit $790 in an account that earns 6.8% interest compounded annually. His…

A: Identify the principal value (P), the rate of interest (r) and the number of periods (n) for the…

Q: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

A: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

Q: Harry is 30 years old and plans to retire at age 70 years with $1,200,000 in his retirement account.…

A: We have given A=$1,200,000  ,r=2.75% t=70-30=40 years compounded quartly (n)=4we know the formula…

Q: 16. Nathan has $3500 for working all summer and trying to decide which back he should use for his…

A:

Q: Juliane has money to invest in one of two accounts for 7 years: Account 1 requires a $600 investment…

A:

Q: By the condition of a will, the sum of P 1.500 is left to a boy to be held in trust by her guardian…

A: Follow the procedure given below.

Q: A college savings account pays 13.2% annual interest compounded semiannually. What is the balance of…

A: If the interest is compounded, we use the formula A=P1+rnnt. Here, A is the final amount, P is the…

Q: Alex and Toni are twins. After graduation and being finally able to get a job their plan for…

A:

Q: Ahmed invested $1,542 in a savings account, and three and a half years later his investment amounted…

A: This question is related to compound interest, We will solve it using given information.

Q: Vivian has $2,700 to invest in one of two accounts. Account 1 earns 6.6% interest compounded…

A: This question can be solved by applying the formula for compound interest when interest is…

Q: 17. Tanner and Ricardo each have $600 to deposit into a savings account. Tanner deposited his money…

A: Mr T invested in Compound interest  Amount for Compound interest can be calculated as below : P=…

Q: To prepare for an upcoming equipment purchase, the finance team at Canada Wire Corp. has invested…

A:

Q: 9. Nicole invests $4400 in an account which pays 6.7% compounded quarterly. The number of years…

A:

Q: A man pays P 132,097  every end of six (6) months for a car bought on installment terms. If the man…

A: we will use present value formula.

Q: An insurance policy offers you the option of being paid $750 per month for 20 years or a lump sum of…

A:

Q: Alejandra Marrufo wants to know how much she should deposit today, so that in 10 years she will have…

A: When a person deposits a certain amount of money for a certain period, after that period, the person…

Q: 3. Jack and Carlie each deposit $17,250 into accounts that earn 6% interest for 6.5 years. Jack's…

A: Given Data: The deposited amount is: P=$17250 The rate of interest is: r=6% The time period is: t=6…

Q: You are given a choice of a term deposit paying 7.2 % compounded monthly or an investment…

A: