Calculate the time needed on an investment of 600,000 to gained an interest of 84000of the interest rate is 2%

Q: Determine the value of an account at the end of 5 years if the principal amount of $14000 is…

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Q: Nisha takes a loan of $45,000 at 6% per annum for 1^1/2 years. Assuming that the interest is…

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Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: Find the amount A accumulated after investing a principal P=​$2,000 for t=4 years at an interest…

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Q: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Find the amount that results from the given investment. $500 invested at 6% compounded daily after a…

A: Given,

Q: What is the present value of an investment at 5% annual simple interest if it is worth $1250 in 18…

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Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. a) How…

A: Given. we want to have 600,000 dollar in in my account at the time of retirement which is 20 years…

Q: Find the present value of an investment at 7% annual simple interest which is worth $30,000 after 30…

A: Let present value = x 30 months = 30/12= 2.5 years So for 7%=0.07 interest future value will be…

Q: Find the amount of money that accumulates when A one time lump sum investment of P=$50,000 is made…

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Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Given: It is given that the interest is compounded. and therefore the formula should be used here is…

Q: Find the amount that results from the given investment. $300 invested at 2% compounded quarterly…

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Q: Find the interest rate needed for an investment of $9,000 to triple in 7 years if interest is…

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Q: Maria invested $5,000 at 1.00% per annum. Calculate the amount of interest earned for 6 months.…

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Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Find the effective rate of interest.; For 6% compounded monthly

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Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: Find the compound interest on an investment of $18,000 at 8% compounded quarterly for 15 months.

A: In the given problem the investment is $18,000 , the rate of interest is 8%, the investment…

Q: Your 4 year investment of $21,000 received 13.6% interest compounded quarterly. What is your total…

A: Here p0 = 21000$ R = 13.6% annually  N = 4 year

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

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Q: I have $4000 in an account earning 7% compounded monthly how much will be in the account in 15 years

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Q: Determine the time required for an investment of $1500 to double if it earns 4% interest compounded…

A: Principal amount:= 1500$                   Rate of Interest:= 4%…

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: $2000 is invested for 5 years with an APR of 3% and daily compounding.

A: We have to apply the compound interest formula to solve the given problem.

Q: Calculate the simple interest earned on a investment of  $ 700,000                           after…

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Q: Calculate the time needed on an investment of  $400,000 to gained                           an…

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Q: Find the amount of money that accumulates when a one-time lump-sum investment of P = $50, 000 is…

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Q: Determine how much time is requiredfor an investment to triple in value if interest is earned at the…

A: Let the initial amount be A0. Let At be the amount of money at a time t. According to the given…

Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. How…

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Q: Calculate the amount of SIMPLE interest earned on an investment of $1000 at 4% for 6 years

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Q: Find the simple interest on a $200 investment made for 5 years at an interest rate of 8%/year. What…

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Q: Find the value of OMR 20,000 after 4 years invested at a compound annual rate of 6%.

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Q: How much interest was earned by an investment that earns at a rate of 9% compounded semi-annually…

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Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

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Q: Determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded…

A: Use formula of compound interest

Q: Determine how much time is requiredfor an investment to double in value if interest is earned at…

A: for monthly compounding: 2 = (1 + .0625/12)^(12t) ln 2 = ln[(1 + .0625/12)^(12t)] ln 2 = 12t ln (1 +…

Q: Find the time required for an investment of $5000 to grow to $8000 at an interest rate of 7.5% per…

A: A=P1+rnntFor compounded quarterly, n=4

Q: Find the amount that results from the given investment. $200 invested at 7% compounded daily after a…

A: Given data: Principal(P) = $ 200 annual rate(r) = 7% time(t) = 2 years times/ year (m) = 365…

Q: Find the amount of money that accumulates when A one time lump sum investment of P= $50,000 is made…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate…

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Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…

A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time

Q: Complete the table for a savings account in which interest is compounded continuously. ( Initial…

A: given initial investmentP=$ 600 amount after 10 years A=$ 1234.25 t=10 years claim- find the annual…

Q: . A businessman needs an additional capital of 100000 for 10 years. What is the annual deposit in…

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Q: Find the prosent value of $4000 payable at the end of 2 years, If money may be invested at 9% with…

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Q: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Solution is given below:

Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: Deposits of $850 per month are made into an investment account. The interest rate is 6.5% per annum…

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Q: Find the amount that results from the given investment. $700 invested at 10% compounded quarterly…

A: Given information P=$700 Rate of interest r=10% ⇒r=10100=0.1 Time t=3 years Since, interest is…

Q: John makes annual deposits of $1600 to an an IRA earning 7% compounded annually for 16 years. What…

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