Calculate the compound amount when  $8000 is deposit  in an account earning 9% interest compounded quarterly for 5 years. Round your  answer to the nearest decimal two places

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

A: Given, The amount obtained after 10years is $100,000. interest rate is 12% & compounded monthly.…

Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

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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: lohn and Rosamond want to retire in 10 years and can save $190 every three months. They plan to…

A: Given: Periodic payment (m0=$190Rate(r)=7.72%Time(t)=10 yearsNumber of payments per year(n)=5

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: Find the total amount of interest to the nearest cent if the interest is compounded annually. $2750…

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Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

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Q: Find the present value that will generate the future value of $1,000 at 6% compounded yearly for 7…

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Q: What lump sum do parents need to deposit in an account earning 9%, compounded monthly, so that it…

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Q: You deposit $8400 into an account earning 6% interest compounded quarterly. How much interest will…

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Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: For monthly compound interest, we know, Where,  A = Accumulated amount  P = Principal amount r =…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

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Q: How much would you need to deposit in an account now in order to have 5000 in the account and 10…

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Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A: We know, A=P1+rnntA=final amountP=initial principal balancer =interest raten=number of times…

Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: An account is opened with an initial deposit of $4600 and earns 7.3% interest, compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=4600 r=7.3%=0.073 n=2 for…

Q: Calculate the compound amount when $9000 is deposited in an account earning 9% interest, compounded…

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Q: Find the present value that will generate the future value of $2,000 at 7% compounded yearly for 8…

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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: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

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Q: Use the formula for present value of money to calculate the amount you need to invest now in one…

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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: Find the present value of $30,000 due in 4 years at the interest rate of 5%/year compounded monthly?…

A: The future value of investment is A=$30,000 Number of periods is n=4×12=48 Periodic interest…

Q: If 49900 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: Formula for Compound Interest A=P1+rnnt where A= Accumulated amount P= Principal r= Rate of interest…

Q: Patty Stacey deposits $2800 at the end of each of 5 years in an IRA. If she leaves the money that…

A: Her amount accures by the formular. A = P(1+r/n)^nt. Where her principal P = $2,800. Rate, r =7%…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

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Q: Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly,…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

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Q: Use the formula A = P(1+ )“ to find the total amount of money accumulated for an initial investment…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

Q: Find the accumulated value of aninvestmen of $10,000 for 5 years at an interest rate of 5.5%…

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Q: Find the missing interest earned.   Principal   Rate   Compounded   Time   Final Amount…

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Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 15…

A: Compound Interest Formula:  A=P1+rnnt where A = Amount            P= Principal            r = Annual…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Given: N = 15 Years P15 = $6000 r = 5% = 0.05 k = 1 P0 = ? Formula Used: PN = P01+rkNk PN = Balance…

Q: How much would you have to deposit in an account today to have $37 000.00 in a three-year term…

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Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

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Q: You deposit $1,500 in an account at the Lifelong Trust Savings and Loan that pays 6% per year…

A: We have PV=$1500         , Present Valuer    =6                , Rate of interestm  =4…

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: What interest rate, compounded quarterly, is equivalent to a 9.31% effective interest rate?

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Q: Use the formula A = P(1 + )" to find the total amount of money accumulated for an initial investment…

A: Topic- compound interest

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

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Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

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Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: The compound interest formula is

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

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Q: June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2%…

A: Given that t=time=17 yearsr=interest rate=2%=0.02A=annuity=?n=number of times compounded in a…

Q: Assume that there are no deposits or withdrawals. An initial deposit of $14,000 earns 8% interest,…

A: here we will find final amount in account after 6years with compound interest,

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

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