Calculate the compound amount. Use the compound amount formula and calculator. (round your answer to two decimal places) P= 9500, r=8%, t= 3 years
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Calculate the compound amount. Use the compound amount formula and calculator. (round your answer to two decimal places)
P= 9500, r=8%, t= 3 years
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- Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.) P = $9500, r = 9% compounded daily, t = 5 yearsThe total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years).If $525$525 is invested at 14%14%, how much money will be in the account after 3030 months? Round your answer to two decimal places if necessary.Complete the table by finding the balance A when $18,000 is invested at rate r for t years, compounded continuously. (Round your answers to two decimal places.) r = 8% t 10 20 30 40 50 A $ $ $ $ $
- It asks how much Monica balance from Account 1 will be over 5.7 years. Round to two decimal places.Use the table or a calculator to find the final accumulated amount and the total interest if interest is compounded annually. (Give answers to five significant digits.) Answers may vary because of rounding or calculator use. $500 at 6% for 7 years final accumulated amount $ total interest $Find the final amount of money in an account if $1,400 is deposited at 2% interest compounded weekly and the money is left for 9 years. The final amount is $ . Round answer to 2 decimal places
- Using either logarithms or a graphing calculator, fnd the time required for each initial amount to be at least equal to the fnal amount. $4500, deposited at 3.6% compounded monthly, to reach at least $11,000Suppose $3500 is deposited in an account paying 4% interest compounded continuously for 5 years. Find the total amount in the account at the end of 5 years. Give your answer to the nearest hundredth (two decimal places).Total Amount: Find the total amount of interest accrued over the 5-year period. Give your answer to the nearest hundredth (two decimal places).Interest Accrued:Use the formula for compound amount, not the table, to find the compound amount of interest earned on $19,000 at 7% compound annually for 5 years. Use a calculator.
- At what effective rate compounded semi-anually will Php5,000 amount to Php 6,000 in 2 years? Round off your answer into 2 decimal places.What is the present value of the following? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $8,100 in 14 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)How much money should be invested in an account that earns 6% interest, compounded monthly, in order to have $12,000 in 5 years? (Round your answer to two decimal places.)