Find the balance of an account that starts with $12,000 at a 4.8% annual interest rate after 7 years. Use the formula A = Pet, O A. $16,792.07 O B. $16,661.35 C. $15,898.24 D. $17,461.10

Q: 6700 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: In the question it is asked to calculate the total amount generated in account.

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $385 per month…

A:

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: Eliza paid an interest of $1,000 on a loan she had borrowed at a simple annual interest rate of…

A:

Q: 7700 dollars is placed in an account with an annual interest rate of 5.75%. How much will be in the…

A: I have Provided this answer in step-2.

Q: You deposit $600 in an account earning 3% interest compounded annually. How much will you have in…

A: Here I am attaching image so that you understand each and every step.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 2.6%, t = 22 days

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Q: You borrow 1000 from your brother and agree to pay back 1060 in 20 months. What simple interest rate…

A: Formula used:

Q: If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about…

A: Suppose that X purchased an item, Cost of the item purchased by X, P=$1295. The interest rate,…

Q: You maintain an average balance of 375.00 on your credit card which carries a 24% annual interest…

A:

Q: How much money do you need to deposit in a bank today if you are planning to have $5000 in four…

A: Here we have to find hoe much money do you need to deposit in a bank today if you are planning to…

Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: 8300 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the…

A: The rate of interest is, r = 6.5 The principal amount is, 8300 dollars  So, the annual interest…

Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

A:

Q: A loan of $19,312 was repaid at the end of 15 months. What size repayment check (principal and…

A: Given : P = $19312 ,    t = 15 months  ,  r = 11% = 0.11

Q: Arianna has put $37,600 into a retirement fund. The fund has an estimated annual return of 10%. If…

A:

Q: A loan of $10,967 was repaid at the end of 18 months. What size repayment check (principal and…

A:

Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

A: This question is related to simple interest. We have to find value of principal amount.

Q: A new car is purchased for 16200 dollars. The value of the car depreciates at 14.25% ber year. What…

A: The solution is here

Q: You promise your niece that you will give her $1 on her first birthday and double that amount every…

A:

Q: During a prolonged recession, property values on Long Island depreciated by 8% every six months. If…

A: Consider the formula for future value: F=P1-rnnt Where, F = Future value P= Present value n= Number…

Q: Bill is saving for his son's college education. If the savings account earns 5% interest compounded…

A: First I have written the formula for future value when money is invested with compound interest.Just…

Q: Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the…

A: Mario invested $6,000 in an account that pays 5% annual interest compounded annuallywe find…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 5.2%, t = 17 days

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Q: How much will you have in the account after 10 years? What is the Effec rate?

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Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much…

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Q: A payday loan store charges $35 for a one-month loan of $240. What annual interest rate is this…

A: In this question we need to find the annual intrest rate . Given  Loan charge for one month = $35…

Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 7.5%, t = 23 days

A: Given P=4000$ r=7.5% t=23 days We know that simple interest I=P×R×N100 N=23365 Therefore,…

Q: For an account that earns simple annual interest, find the interest and the balance of the account.…

A:

Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

A: It is given that the initial principal amount is $2600. The simple interest after t=3 years is…

Q: 3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: Here i consider two conditions  if amount on simple interest  or if amount on compounded interest

Q: A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98 days. The…

A: Given problem:- A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98…

Q: What is the total interest earned, including compound interest, if you left $500 in a savings…

A:

Q: 6700 dollars is placed in an account with an annual interest rate of 8%. How much will be in the…

A: Principal P=6700Rate R=8%Time T=24 yearsInterest after 24 yearsI=PxRxTI=670x8x24100I=12864

Q: enry bought an antique watch for P15,000 and sold it 6 months later for P17,750. What mple Interest…

A: Note:- These are multiple questions and according to our company guideline we can do maximum one…

Q: You purchase a new car for $19,500. If you borrow $19,500 for 5 years with an interest rate of 5%…

A: Given P=$19500 r=5%=0.05 t=5 years

Q: In order to help pay for college, the grandparents of a child invest $2450 in a bond that pays 15%…

A: Given Principal amount,P=2450 Rate of interest,i=15% Time in years,t=5.5years Number of times…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

A:

Q: A typical credit card charges 18.99%. Find the interest owed on a credit card with a balance of $372…

A: We will use simple interest formula to solve this

Q: 3) Find the amount of time it would take for your balance to double at an interest rate of 8.75%.

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Q: deposits $10,000 into an account paying 9 (a number bet 6, rounded to the tenths place) % interest,…

A:

Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

A:

Q: An amount of P12, 500 is invested at 3.25% simple interest for 3 years. Complete the table below.

A:

Q: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: nd the savings plan balance after 3 years with an APR of 4% and monthly deposits of $400

A: Given that: Monthly deposit = $400 Time = 3 years APR = 4% To determine the balance after 3 years.

Q: Use the formula for simple interest, I = Prt, to find the indicated quantity. | $125; P= $5000;…

A: Given- Interest (I) = $125. Principal (P) = $5000. Rate (r) = 5% = 0.05 Time = t years

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 4.8%, t = 19 days

A: P = $3000  r = 4.8%,  t = 19 days t=19365=0.052 year simple interest=I I=prt…

Q: Use the formula for simple interest, I = Prt, to find the indicated quantity. |= $64; r= 8%; t = 6…

A: Given that  I= $64 r=8% = 0.08 t=6 months = 0.5 years   We know that Simple interest (I) = P x r x t…

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.