f you invest $9,000 in an account that earns an APR of 3% simple interest, what will be the account balance after 10 years? If you invest $9,000 in an account that earns an APR of 3% with monthly compounding, what will be the account balance after 10 years?

Q: Abigail wants to save $15,000 to buy a car in 7 years. If she deposits $10,000 into an account that…

A: Topic- compund intrest

Q: How much interest will you earn if you invest $5400 for 3 years at a simple interest rate of 4%…

A: We can solve this using simple interest formula S.I.= (P*R*T)/100

Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

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Q: b. Mr. Jasim is planning to buy a house. He wants to invest 309 R.O now and hopes to have double…

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Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

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Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: Lincoln invested $930 in an account paying an interest rate of 5.6% compounded daily. Assuming no…

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Q: Find the annual percentage yield​ (APY) in the following situation.   A bank offers an APR of 3.96​%…

A: Effective Annual Rate = 1+r1212-1 (It is given that it is compounded monthly)

Q: After several years of working, Katy saved $125,000. If she invests that $125,000 in a savings fund…

A: Given: Initial amount = P = 125000 Interest rate = r = 4% = 0.04 Time = t = 15 years To find: Final…

Q: How much interest will you earn if you invest $800 for 3 years at a simple interest rate of 7%…

A: Principal Amount, P = $800 Time, t=3 yrs simple interest rate, r=7%=0.07 To evaluate : The interest…

Q: Inez wants to have $19,750 in 4 years. Use the present value formula to calculate how much Inez…

A: The future value is $19,750 and the time period is 4 years. The rate if interest is 7% and is…

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: You have $7000 to invest for seven years. Which investment will provide the greater return:  5%…

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Q: c. Suppose that you had the opportunity of investing $5000 in a business such that the value of the…

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

Q: Jamie is planning to invest in a college fund for her granddaughter. She would like the account to…

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Q: How long will it take money to quadruple if it is invested at the following rates? (A) 4% compounded…

A: We have to find time to quadruple.

Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: Atticus College predicts that in 14 years it will take $250,000 to attend the college for four years…

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Q: Credit card A offers an APR of 15.55%, compounded monthly, while credit card B offers an APR of…

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Q: Answer the following.Show your Solution.   a. Php1500 invested at 4% compounded semiannually for 7…

A: (a)  $1500 invested at 4% compounded semi annually for 7 years A = P(1+(r/n))nt Accumulated value is…

Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

Q: Reggie wants to find the future value of an investment of $3000 that earns 4.75% compounded monthly…

A: Given P= $3000, r= 4.75%=0.0475,t=30,n=12. We find future value A=?

Q: ecide at what rate compounded monthly will 800 become 4200 for 1

A: Introduction: Compound interest is interest that is compounded at regular intervals on both…

Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

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Q: Reggie wants to find the future value of an investment of $1500 that earns 5.25% compounded monthly…

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Q: Susan deposited a principal of $130 in a 7% account, compounded annually. At the same time, Jeff…

A: We have to find

Q: Joy has ₱ 100,000.00 to invest at 1.11% compounded monthly. How much is the additional interest…

A: If an amount P is invested for t years at a rat o interest r% and if the number of compounding…

Q: What is the APY for an account that has an annual interest rate of 4.21% and is compounded daily…

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Q: You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded quarterly.…

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Q: Anne wants to find the future value of an investment of $3000 that earns 5.75% compounded monthly…

A: The time value of money calculator can be used to predict the current value of the principal after…

Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

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Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

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Q: Carolyn invests $8000 at an annual rate of 7% compounded daily for 6 months. what is the future…

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Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

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Q: You have $1200 to invest in a bank account with an interest rate of 4.5%, compounded monthly. After…

A: P=$1200, r=4.5%=0.045, n=12 & A=$2100

Q: (a) Martha invests an amount of $10000 at 3.5% compounded quarterly. What is the value of her…

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Q: Ghassan is planning to buy a car in B years. He wants to invest RO (A + 300) and hopes to have RO (A…

A: A=18B=19 By the formula. We have, Future value=Present value1+rt Where r=rate  And    t=time

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

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Q: Find the time required for an investment of $12,000 to grow to $26,000 at an annual interest rate of…

A: The formula for accumulated amount is given by, A=P1+rnnt where P is the principal, r is the rate of…

Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

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Q: T= 0,025 If you invest $10,400 in the United States, and the interest is compounded monthly, when,…

A: Given Principle value P =$10,400 Amount A=$20,000 Rate  of interest r=0.025 To find when the amount…

Q: When a principal amount, P, is Invested at an annual interest rate, r, and compounded n times per…

A: Given formula A=P1+rnnt Here, P= Principal amount r= rate of interest n= Compounded period t=time

Q: $2000 is invested for 15 years with an APR of 5% and monthly compounding

A: Given information P=$2,000 Rate of interest r=5%  ⇒r=5100=0.05 Time t=15 years For quarterly…

Q: Jordan invested money in an account that paid interest of 8% per year, compounded semi-annually, for…

A: Compound intrest formula: F=P[1+ (r/n)]yn Where F=future value P=present value r= intrest (/100)…

Q: Q9 How long does $1,000 have to be deposited into a savings account at the end of each month to…

A: How long does $1000 have to be deposited into a saving account at the end of each month to…

Q: Douglas is saving up money for a down payment on a condominium. He currently has $3156 but knows he…

A: Douglas invests the $⁢3156 in an account that earns 5% annually, compounded quarterly, it take…

Q: Find the investment needed to achieve $5000 when the investment was compounded quarterly at 2% for 6…

A: Given, A= the new balance = $5000 r =  the rate = 2% = 0.02 t = the time = 6 years n = the number of…