Find the amount that results from the given investment. $500 invested at 6% compounded daily after a period of 4 years After 4 years, the investment results in $ (Round to the nearest cent as needed.)

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

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

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: Find the time required for an investment of 5000 dollars to grow to 6800 dollars at an interest rate…

A: Let's find.

Q: Find the balance on an account if you invest $ 759 at 3.9 % for 2 years compounded monthly.

A: Given: Amount of money invested is $759. Rate of interest is 3.9%. Time is 2 years. Rate is…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A:

Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: Suppose that you invest $14,000 at 3% interest compounded monthly. How much money will be in your…

A: We know that the formula , A = P ( 1 + (r / n )) n • t Here P = principal amount r = interest rate…

Q: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

A:

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 perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How…

A:

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A:

Q: What interest will be earned if $6700 is invested for 2 years at 10% compounded monthly? (Round your…

A: Given

Q: find the amount of money you Will have after 20 years if you inrest $ 25,000 at a rate of 12% if…

A:

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: If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A: Topic- compound interest

Q: find the present value of $75,000 if interest is paid at a rate 3% per year, compounded monthly for…

A: Only you have to careful what the question saying...wheather it is compounded yearly or compounded…

Q: Find the final amount of money in an account if $4,000 is deposited at 2%interest compounded…

A: compounded annualy , final amount = ?

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: To solve the following problem when compounded anually.

Q: A homeowner planning a kitchen remodeling can afford a $800 monthly payment. How much can the…

A: Let's use the annuity formula   We need to calculate the PV

Q: Find the amount that results from the given investment. $700 invested at 3% compounded quarterly…

A: If P is investment amount, ris rate as a decimal, n is number of compoundings per year and t is time…

Q: An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.…

A: From the given data

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

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

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

A:

Q: compounded quarterly

A:

Q: If $26,000.00 is invested in an account for 10 years. Find the value of the investment at the end of…

A:

Q: If $6,000 is invested in an account for 20 years. Find the value of the investment at the end of 20…

A: (a) Given that, the initial investment is P=$6,000, time is t=20 years and the interest rate is 5%.…

Q: If $1200 is invested at an interest rate of 2.75% per year, compounded quarterly, find the value of…

A: Use formula to calculate

Q: Find the final amount of money in an account if $1, 000 is deposited at 3 % interest compounded…

A:

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: A newborn child receives a $7,000 gift toward a college education from her granparents. How much the…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: A corportation creates a sinking fund in order to have $550,000 to replace some machinery in 12…

A:

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

A: To determine the initial amount (principal) in the given compound interest problem

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily, find the value of the…

A: Given, The initial amount, P=$2500 Rate of interest,r=2.5% Compounded daily,n=365

Q: A homeowner planning a kitchen remodeling can afford a $100 monthly payment. How much can the…

A:

Q: If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of…

A: Consider the following information: PrincipalP=$500Rate of interestr=3.75⁒n=4 Compound interest…

Q: Find the balance of $1000 is interested at an annual interest rate of 10% per 2 years compounded on…

A: Express the compound interest formula. A=P1+rnnt Here, A is the amount, r is the interest rate, P is…

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 need to deposit in an account now in order to have $5000 in the account in 10…

A: Formula: A=P1+rnnt where A= Final amount P= Principal initial balance r= Rate of interest t= Time…

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

A:

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: If 21900 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

A:

Q: Find the amount that results from the given investment. $500 invested at 4% compounded quarterly…

A: Formula used:Future value formula

Q: Find the amount that results from each investment. $500 invested at 8% compounded quarterly after a…

A: Given, P=$500, r=8%, t=212 years, n=4 The amount is given by the formula,…

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: Use the given information to find the amount A in the account earning compound interest after 6…

A: We will find the solution in the following step