Find the final amount of money in an account if $6, 500 is deposited at 2.5 % interest compounded quarterly (every 3 months) and the money is left for 8 years. The final amount is $ Round answer to 2 decimal places

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Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

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Q: Find the final amount of money in an account if $9,300 is deposited at 2.5% interest compounded…

A: Amount after 't' years A = P1 + rnnt

Q: Find the final amount of money in an account if $2,200 is deposited at 7.5% interest compounded…

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Q: Find the final amount of money in an account if $4, 500 is deposited at 4.5 % interest compounded…

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Q: Find the final amount of money in an account if $5,000 is deposited at 4.5% interest compounded…

A: As we have to find final value for compunded quarterly we have to take n as 4 if it is annually then…

Q: Find the final amount of money in an account if $5,500$5,500 is deposited at 7.5%7.5% interest…

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Q: Find the final amount of money in an account if $1, 300 is deposited at 4 % interest compounded…

A: When the interest is compounded, then the formula used is   , where, A is the final amount, P is the…

Q: Find the final amount of money in an account if $4,900 is deposited at 7.5% interest compounded…

A: Topic = Algebra

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A: Use compound interest formula

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Q: Find the final amount of money in an account if $4,500$4,500 is deposited at 6.5%6.5% interest…

A: Given

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Q: Find the final amount of money in an account if $9,400 is deposited at 8% interest compounded…

A: Initial amount=P= 9400 Interest rate= r= 8%=0.08 Time=t= 6 years Number of times compounded in a…

Q: A loan of $23,000 is made at 8% interest, compounded annually. After how many years will the amount…

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Q: Find the final amount of money in an account if $500 is deposited at a 3% interest compounded…

A: If A= final amount including principal P= principal amount I =rate of interest per year t= number of…

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: A loan of $23,000 is made at 5% interest, compounded annually. After how many years will the amount…

A: Proceed as shown below

Q: Find the final amount of money in an account if $3, 200 is deposited at 7.5 % interest compounded…

A: Given that, Principal P=3200Rate r=7.5%=0.075time t=9Number of time interest compounded (n)=12×14=3

Q: $14,000 at 10% compounded semiannually for 9 years final accumulated amount     $   total interest…

A: Where P=principal amount              r=interest rate              n=number of days in a year (365)…

Q: Find the final amount of money in an account if $8000 is deposited at 2.5% interest compounded…

A: Initial amount= P= 8000 Time= t= 5 years  Interest rate=r= 2.5%= 0.025  Number of times compounded…

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Q: compounded quarterly

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

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Q: Find the final amount of money in an account if $4,900 is deposited at 3% interest compounded…

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Q: the beginning of each month. If interest on the account is 5% compounded quarterly, Laura wants to…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: A loan of $26,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: Find the final amount of money in an account if $4, 600 is deposited at 8% interest compounded…

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Q: A newborn child receives a $8000 gift toward a college education from her grandparents. How much…

A: Topic = Algebra

Q: A loan of $42,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: Find the final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

Q: Find the final amount of money in an account if $9, 200 is deposited at 4.5 % interest compounded…

A: I have done solution in detail as much as possible...so that you can understand easily...hope you…

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Q: At the age of 24, you start depositing $200 each month into an IRA that pays 3.75% interest,…

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Q: Find the final amount of money in an account if $4, 700 is deposited at 2.5 % interest compounded…

A: solution:-

Q: Find the final amount of money in an account if $5,800 is deposited at 6.5% interest compounded…

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Q: Find the final amount of money in an account if $5, 700 is deposited at 2 % interest compounded…

A: Given: Principal amount P=5700  rate of interest r=2% =0.02 per 3 months            As interest is…

Q: Use the formula A = P(1 + )" to find the total amount of money accumulated for an initial investment…

A: Topic- compound interest

Q: Find the final amount of money in an account if $8, 900 is deposited at 2.5 % interest compounded…

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Q: Find the final amount of money in an account if $4, 900 is deposited at 6 % interest compounded…

A: Use the formula for the compound interest to calculate the final amount P. P=$4900r=6%=0.06n=4…

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: A loan $43,000 of is made at interest 5%, compounded annually. After how many years will the amount…

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Q: Find the final amount of money in an account if $3, 700 is deposited at 2.5% interest compounded…

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