Calculate the compound amount for P = $1500 , r = 6.25% , compounded quarterly for 5 years.
Q: $19000 is invested for 5 years with an APR 3% and daily compounding, what is the balance in the…
A: We have to find future amount for given Questions.
Q: sted is compounded monthly rather than compounded annually?
A: We cannot add funds to the present account so annuity will cover the present worth but cannot be…
Q: Find the equivalent amount of P2,825.00 in 8 years at 5% compounded quarterly
A:
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: Determine the rate that represents the better deal. 6% compounded quarterly or 6 (1/4) , compounded…
A: The first rate of interest, r1=6% compounded quarterly. Then, the number of terms for r1 is n1=4.…
Q: Mike deposits $5,000 in a 3-year CD account that yields 1.5% interest, compounded weekly. What is…
A: A=P1+rnnt
Q: What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded…
A: The formula for annual percentage yield is, APY = (1 + i/n)n – 1, where I is the nominal interest…
Q: Vicki Kakounis bought a television set with money borrowed from the bank at 8% interest compounded…
A: The rate of interest is given as 8% The interest is compounded quarterly In a year, there are 4…
Q: 6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?
A: Since there are multiple questions the first questions is answered as per our guidelines. kindly…
Q: What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.
A:
Q: An account is compounded monthly for 5 years with an APR of 9%. For the principle amount of $15,000.…
A:
Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…
A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.
Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…
A: A child deposits his birthday money of $350, so the principal amount is $350 Rate = 5.6% interest…
Q: An initial deposit of $1300 earns 7 % interest, compounded monthly. How much will be in the account…
A:
Q: You deposit $8400 into an account earning 6% interest compounded quarterly. How much interest will…
A:
Q: Maria invested $5,000 at 1.00% per annum. Calculate the amount of interest earned for 6 months.…
A:
Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.
A: Given information P=$10,000 Rate of interest r=2% ⇒r=2100=0.02 Time t=10 years For quarterly…
Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…
A:
Q: $10,000 is invested for 5 years with an APR of 2.75% and monthly compounding.
A: The complete solutions are given below
Q: Berno deposits $30,000 into an account paying 3.25% annual interest, compounded quarterly. How much…
A:
Q: Sam deposits $900 at the end of every 6 months in an account that pays 7%, compounded semiannually.…
A: Given data: The given amount Sam deposits are P=$900. The semiannual interest rate is r=7%=0.07.…
Q: Calculate the compound amount when $9000 is deposited in an account earning 9% interest, compounded…
A:
Q: A credit card had an APR of 17.78% all of last year and compounded interest daily. What was the…
A:
Q: Calculate the compound amount when $7000 is deposited in an account earning 8% interest, compounded…
A: Introduction: Suppose P is a principal invested at r% compound interest for t units of time, where…
Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…
A:
Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…
A:
Q: What is the annual percentage yield of 5% compounded quarterly?
A:
Q: You deposit $4,000.00 each year into an account earning 2% interest compounded annually. How much…
A:
Q: Use the compound interest formula to complete the total amount accumulated and the interest earned…
A: Given,
Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…
A:
Q: Find the compound amount for the deposit and the amount of interest earned. $8100 at 9% compounded…
A:
Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…
A: To work out the amount earned through compound interest under the given terms
Q: Mitchell invested $4583 at 5.61% compounded quarterly. Calculate the accumulated value of the…
A:
Q: Jacqueline loaned $61,000 to a small business at 5.14% compounded monthly for 1 year and 9 months.…
A:
Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…
A: From the given information, it is observed that,
Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…
A:
Q: Find the annual percentage yield for an investment that earns 8% per year, compounded monthly.
A: We have to find the percentage yield for an investment that earns 8% per year compounded monthly. We…
Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…
A:
Q: Find the missing interest earned. Principal Rate Compounded Time Final Amount…
A:
Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…
A: Topic = Algebra
Q: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will…
A: Given: P = 1000 r = 2% = 2/100 = 0.02 t = 20 n = 1 ( compounded annually )
Q: You deposit $1000 each year into an account earning 3% interest compounded annually. How much will…
A: Given, every year $1000 is deposited with 3% compound interest annually. here we shall use the…
Q: I want to have $20,000 to buy a car in five years. How much would I have to invest now in a savings…
A: We will use the Compound Interest formula to find the amount you need to invest every year to get…
Q: A credit card had an APR of 23.83% all of last year and compounded interest monthly. What was the…
A: GIVEN APR = 23.83% COMPOUNDED MONTHLY MEANS n = 12 EFFECTIVE INTEREST = ?
Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…
A:
Q: You deposit $4000 in a bank with annual interest rate of 3.5% compounded monthly. What would your…
A: Here, P=$4000, n=1, r=0.035, and t=20.
Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…
A:
Q: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest,…
A: We will use the compound interest formula to find the amount after 17 years
Step by step
Solved in 2 steps with 2 images