Arielle has recently inherited $5500, which she wants to deposit into a CD account. She has determined that her two best bets are an account that compounds semi-annually at an annual rate of 3.3 % (Account 1) and an account that compounds monthly at an annual rate of 4.9 % (Account 2). Step 2 of 2: How much would Arielle's balance be from ACcount 2 over 1.7 years? Round to two decimal places.

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Q: You invest $13,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested…

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Q: Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate…

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Q: Samuel is going to invest $4,900 and leave it in an account for 14 years. Assuming the interest is…

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Q: Regina wants to have$280,000 in 20 years to buy a vacation home. To reach this amount, how much…

A: Consider the given information. The total amount after 20 years is $280,000. The total number of…

Q: Constance is planning to pay for part of her college using a $12,000 student loan. She is comparing…

A: For option A The amount to be paid by Constance after 5 years is

Q: Howard needs $6000 for a future project. He can invest $4000 now at a rate of 8.5%, compounded…

A: Given that Howard invest $4000 at rate of 8.5% compounded semiannually. To find the time when amount…

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: Jerry plans to do his master degree in six years, which will cost him $30,000.00. If his investment…

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Q: If changing market conditions cause a company earning $7,000,000 in 2015 to project a loss of 1% of…

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Q: If prices increase at a monthly rate of 1.96%, by what percentage do they increase in a​ year

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Q: Ellen has recently inherited $5400, which she wants to deposit into a CD account. She has determined…

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Q: An artist currently has $840,000 to invest and her goal is to use these resources to acquire a $1.5…

A: From the given information, it is observed that P = $840,000, t = 6 and A = $1,500,000. Here, the…

Q: Olivia was receiving rental payments of $2,000 at the beginning of every month from the tenants of…

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Q: When I was considering what to do with the $15,000 proceeds from my sale of technology stock, my…

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Q: Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and the other…

A: We will use: If P dollars is invested at a yearly rate of interest r per year, compounded m times…

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: If changing market conditions cause a company earning $12,000,000 in 2018 to project a loss of 2% of…

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Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded…

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Q: An investment fund pays 5% per year, compounded semi-annually, on all money invested. How much must…

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Q: Kira borrowed $8000 at a rate of 7%, compounded annually. Assuming she makes no payments, how much…

A: kira borrowed $8000 at a rate of 7%, compounded annually.how much money after 7 years.

Q: How much interest is charged when P50, 000 is borrowed for 9 months at an annual interest rate of…

A: As per bartleby guidelines, for more than one question, only 1st one is to be answered. Please…

Q: Kyoko has $10,000 that she wants to invest. Her bank has several investment accounts to choose from,…

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Q: If changing market conditions cause a company earning $12,000,000 in 2018 to project a loss of 3% of…

A: Write the the given information in data. Total Earning=$12,000,000Loss=3%Time=5 years So, the…

Q: How much should you put in an investment paying a simple interest rate of​ 5% if you needed​ $4000…

A: Consider the provided question, Given, rate of interest = 5% time = 18 months = 1812 years Future…

Q: Jack invests $1500 at a certain annual intrest rate, and he invests another $3000 at an annual rate…

A: Let us say he invested $1500 at x% annual interest rate. And, thus he invests $3000 at (x+0.5)%…

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: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

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Q: In most states, the winnings of million-dollar lottery jackpots are divided into equal payments…

A: Annuity is a term which refers to the contract when a person receives payment in breaks. For…

Q: Laurie has $2,500 in an investment account. What annually compounded interest rate would she need to…

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Q: Darnell Enterprises constructed an addition to its building at a cost of $70,000. Extra annual…

A: Net cash flow can be calculated as follows:

Q: Adam Kaminski just received a signing bonus of $1,600,000. His plan is to invest this payment in a…

A: Consider the signing bonus as principal, that is P= $1,600,000. r=7% As Adam plans to establish the…

Q: Suppose Mr. Chui would like to know the present value of his monthly deposit of P4,500 when interest…

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Q: Your starting salary at a new companv is $34,000 and it increases bv 2.5% each vear. What will vour…

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Q: Bo won $10,000 on a scratch-off lottery ticket. In five years, he wants to buy a new bass boat that…

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Q: Complete the table, for the following investments, which shows the erformance (interest and balance)…

A: Simple interest and compound interest are given below.

Q: 4. Complete the table below with the amounts you would have if you invested $3700 for at 8% interest…

A: Consider the given information.

Q: Keith was receiving rental payments of $2,000 at the beginning of every month from the tenants of…

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Q: How much interest will Roxanne have to pay if she borrows $2000 for 2 yr at a simple interest rate…

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Q: . An investment account is worth $1000 on January 1, 2020. X months before the end of 2020, the…

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Q: Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average return…

A: Given, Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average…

Q: If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest…

A: The compound interest formula is A = P1 + rnnt In the formula, A = Accrued amount (principal +…

Q: Wanda took out a payday loan with an effective interest rate of 19,300%. If she had $460 to invest…

A: Use the formula Interest=Principal×Rate×Time100 to calculate the interest.

Q: Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year,…

A: Given: Total winnings=$ 400000 . The utility bond will pay 16% per year. The savings account will…

Q: You inherit $ 70000 from a very wealthy​ grandparent, with the stipulation that for the first​ year,…

A: To work out the two amounts (investments) using the given data.

Q: A recent college graduate moves back in with their parents and invests their entire first-year…

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Q: Hamad needs $6500 in 3 years for his first-year university program. He is planning to deposit a…

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Q: John wants to have $40,000 in cash four years from now in order to pay for part of his mortgage on…

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Q: Nancy wants to invest $4000 in saving certificates that bear an interest rate of 9.75% per year,…

A: Given: Nancy wants to invest $4000 in saving certificates that bear an invest rateof 9.75% per year,…

Q: Jerome will be buying a used car for ​$8,000 in 3 years. How much money should he ask his parents…

A:

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.