Carla wants to start a college fund for her daughter Lila. She puts $63,000 into an account that grows at a rate of 2.55% per year, compounded monthly.

Q: Tom wants to have $6,000 in three years. At 4.75% interest compounded monthly, how much does he need…

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Q: A man needed P250, 000 at the end of 3 years, how much money must he deposit quarterly in an…

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Q: Audrey is going to invest in an accour paying an interest rate of 5.7% compounded daily. How much…

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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: Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest…

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Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: Nolan invested $5,300 in an account paying an interest rate of 3.8% compounded annually. Assuming no…

A: The formula for the compound interest is: A=Pert Given that P=5300, A=6880 and r=3.8%  =3.8100…

Q: Rochelle invested $100 at the end of every month into an RRSP for 11 years. If the RRSP was growing…

A: Given information Initial principal balance P=$100 Rate of interest r=4.60% ⇒r=4.60100=0.046 Period…

Q: If Landon invests $3,000 in a 6-year certificate of deposit at the annual rate of 7.75%, compounded…

A: Let A be the amount of future value of investment,then A can be calculated as follows

Q: Alan deposited $6000 into an account with a 5% annual interest rate, compounded semiannually.…

A: A(t)=P1+rnntP is the deposited amountr is the ratet is the timeA is the amount after time ,t

Q: Edmond has $6,915 in a savings account that earns 8% interest, compounded annually. To the nearest…

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Q: Austin invested $200 in an account paying an interest rate of 6.1% compounded quarterly. Assuming no…

A: Austin invested $200 in an account paying an interest rate of 6.1% compounded quartely.

Q: Amelia is going to invest in an account paying an interest rate of 2.3% compounded quarterly. How…

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Q: If compounded monthly, a loan will be amounting to P132, 400.00 if invested at 11.5% interest for…

A: The solution to the given question is explained below.

Q: Evaristo would like to invest N$ 12,500.00 a month at the beginning of each month at an interest…

A: To find the C.I.

Q: Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is…

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Q: Mason is going to invest in an account paying an interest rate of 5.3% compounded quarterly. How…

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Q: Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate…

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Q: Christine contributes $ 100 each month to her 401K account. To the nearest dollar, what will…

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Q: Jayden invested $65,000 in an account paying an interest rate of 2.1% compounded quarterly. Assuming…

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Q: Anthony is going to invest in an account paying an interest rate of 4.6% compounded monthly. How…

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Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

A: An investment of 5000 dollars to grow 6600 dollars at an interest rate of 7.5 percent per…

Q: Jessica would like to have $36,000 to buy a new car in 9 years. To accumulate 36,000 in 9 years, how…

A: We have to find that how much would Jessica need to invest monthly in a sinking fund with 6%…

Q: If Amy needs $15,000 in years 6 for a down payment on a home how much should be invested today at…

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Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

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

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Q: Find the amount we would need to deposit today as a lump sum to achieve $420,000 in 30 years at 6%…

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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: Kayla is going to invest in an account paying an interest rate of 2.9% compounded monthly. How much…

A: We know the compound interest formula:A=P1+rnntwhere A= Total amount         P=Principle amount…

Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded quarterly. Assuming…

A: Initial amount=P= 3500  Final amount=A=? Time= t=19 years  Interest rate=r= 3.5%= 0.035  Number of…

Q: Anibal invests $4,250 at 6% loterest, compounded quarterly for 1 year. Calculate the effective…

A: Consider the given information.

Q: How long will it take for P65, 000 to amount to P98, 400 if compounded quarterly at 10.24% interest?

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Q: Ariana is going to invest in an account paying an interest rate of 3.7% compounded monthly. How much…

A: r=3.7%  A=$25000 t=14 years  n=12 (compounded monthly)

Q: How much must a person put into the bank today if he wants $50,000 in 5 years at 6% compounded…

A: Sol

Q: Angela wants $11,000 saved in 5 years to make a down payment on a house. How much money should she…

A: Angela wants $11000 saved in 5 years. We want to find how much money she should invest at 3.2%…

Q: Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate…

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Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…

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Q: Preston has $8,000 in a savings account. The interest rate is 4%, compounded annually. To the…

A: We have to find compound interest.

Q: Shawn invested $130 at the end of every month into an RRSP for 13 years. If the RRSP was growing at…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

A: An investment of $5000 to grow to $6300 at an interest rate of 7.5 % per year, compounded quarterly…

Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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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: How much should you set aside and invest in a fund earning 9% compounded quarterly if you want to…

A: We need to find the amount of money that must be invested to accumulate P200,000 in 3 years and 3…

Q: Greg has $9,000 in a savings account. The interest rate is 15%, compounded annually. To the nearest…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=9000 r=15%=0.15 n=1 for…

Q: nora is thinking of investing an amount of P30,000  8.5% compounded annually

A: Given,Present Value, PV=30,000Rate of interest,r=8.5 compounded annuallyTime period, n=2.5 years

Q: unt that

A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…

Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: According to the question, we have the data set: Interest rate= 3.2 % = 0.032  n= 4 (amount is…

Q: How much did Speedy Movers borrow for a debt that accumulated to $58,040.76 in five years? The…

A: To find out the borrowed amount.