Find the final amount of money in an account if $6,300 is deposited at 2.5% interest compounded weekly and the money is left for 10 years. The final amount is: $  Round answer to 2 decimal places

Q: You deposit $3000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Since, there has been a deposit of $3000 in an account earning 2%interest compunded monthly. Our aim…

Q: You deposit $100 each month into an account earning 5% interest compounded monthly. a) How much will…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 t=15 years n=12 for…

Q: You deposit $400 at the end of each month into an account earning 7% interest compounded monthly.

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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: Use the simple interest formula to find the amount of interest earned, then find the total value of…

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Q: You deposit $500 each month into an account earning 4% interest compounded monthly. a) How much will…

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Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

A: Given: Deposited amount  P0=400           Interest R=4%           Compounded anually n=1…

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

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Q: You deposit $2000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: Given that:                     Principal amount, P=$2000Rate of interest, r=8%Time period, t=15

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: Melanie invests $1,000 at 15% simple interest for 1 year. How much is in the account at the end of…

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

A: See the attachment

Q: Marcus receives an inheritance of ​$15,500. He decides to invest this money in a ​16-year…

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Q: Find the ending balance: $30,000 for 5.5 years at 6% annual compound interest

A: Final amount formula for compound interest is, A=P1+rnnt A- final amountP- Principal amountr- Rate…

Q: You deposit $200 each month into an account earning 4% interest compounded monthly. a) How much…

A: according to question, we have deposit $200 each month into an account earning 4% interest…

Q: Sarah opens an investment account with an initial deposit of $ 1900. She then sets up monthly…

A: Given By using excel function

Q: Grandparents deposited P6,000 into a grandchild's account. How mUch money (to the nearest peso) will…

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Q: You deposit $100 each month into an account earning 2% interest compounded monthly. a) How much will…

A: The details solution is given below

Q: Marcus receives an inheritance of $2,000. He decides to invest this money in a 14-year certificate…

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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: January, Joanna deposited $250 into her savings account. In February, she deposited an additional…

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Q: Marcus received an inheritance of $14,000 he decides to invest the money in a 19 your certificate of…

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Q: Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest annually at the…

A: Given: Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest annually at…

Q: You deposit $500 each month for 15 years into an account earning 6% interest compounded monthly.…

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Q: Solve Problem 20.4 using Excel.

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Q: You deposit $500 each month into an account earning 8% interest compounded monthly. a.how much will…

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Q: You deposit $440 each quarter into an account earning 5.6% interest compounded quarterly.  a) how…

A: Given that, You deposit $440 each quarter into an account earning 5.6% interest compounded…

Q: You deposit $500 each month Into an account earning 5% Interest compounded monthly. a) How much will…

A: a) Obtain the amount in the account after 30 years as follows. Use the formula below.…

Q: You deposit $200 each month into an account earning 2% interest compounded monthly. a) How much…

A: Given:         Monthly deposit =$200         Interest rate =2%=2100=0.02 Formula used: Future value…

Q: You deposit $100 each month into an account earning 6% interest compounded monthly. a) How much will…

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Q: Use the compound-interest formula to find the account balance A, where P is principal, r is interest…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

Q: You deposit $100 each month into an account earning 2% interest compounded month a) How much will…

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Q: Find the final amount of money in an account if $3, 800 is deposited at 8 % interest compounded…

A: Given: P = $3800  r = 8 % =8100=0.08 t = 6 years  compounded semi-annually  To calculate: Final…

Q: You deposit $600 in an account earning 6% interest compounded annually. How much will you have in…

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Q: You deposit $430 each month into an account earning 4.8% interest compounded monthly. a) How much…

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Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,

Q: Marcus receives an inheritance of ​$1,000. He decides to invest this money in a 16​-year certificate…

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Q: emar won a prize of $45 000. He has decided to invest in an account paying 3.5% per annum, ompounded…

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Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

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Q: Lydia's aunt Rose left her P5,000. Lydia spent P1,000 on her wardrobe and deposited the rest in an…

A: Given that : r = 6.9% n = 5 years P = 5000-1000 = 4000 Formula : A = P(1 + r/n)nt

Q: harry borrowed an amount of money from donna. he agrees to pay the principal plus interest by paying…

A: Given:-                  Rate                    8 %          n                        4  Effective…

Q: You deposit $2000 in an account earning 4% interest compounded monthly. How much will you have in…

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Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

Q: Ned deposits $15,000 in a certificate of deposit.  The annual rate is 9% and will be compounded…

A: We know the compound interest formula:A=P1+rnntWhere A=final amount          P=Principle amount…

Q: Jesse purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: 9years +3 years =12 years r=3.5%t=11n=4 Payment received =1500×2×9+600×12×3=27000+21,600=$48,600

Q: You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter…

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Q: Debi borrows money from a bank at 7% simple interest.  She borrowed $8,500 for 4 years.  If she pays…

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