Find the final amount of money in an account if $8, 900 is deposited at 2.5 % interest compounded semi- annually and the money is left for 8 years. The final amount is $ Round answer to 2 decimal places

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Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

Q: Find the final amount of money in an account if $8, 200 is deposited at 5.5 % interest compounded…

A: For compound interest we use formula A=P1+rnntWhen P is initial amount investedr is the rate of…

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

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Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

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Q: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded monthly.…

A: Given,         Melanie invests $7600 in a new savings account which earns 4.0% annual interest,…

Q: Sam deposits $900 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: Given data:   The given amount Sam deposits are P=$900. The semiannual interest rate is r=7%=0.07.…

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: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

A:

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

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Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: ANSWER :

Q: Find the final amount of money in an account if $3, 300 is deposited at 2 % interest compounded…

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Q: You deposit $4,000.00 each year into an account earning 2% interest compounded annually. How much…

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A: Proceed as shown below

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Q: You deposit $4000 each year into an account earning 6% interest

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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…

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Q: A recent college graduate received $25,000 as a gift from her grandparents. How much will this…

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Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

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Q: Find the final amount of money in an account if $5,900$5,900 is deposited at 8% interest compounded…

A: Principal Amount, P = $5900 Rate of interest per week, r = 8% = 0.08 Time, t = 55 yrs The number of…

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Q: Laura saves ​$27 at the end of each week and deposits the money in an account paying 9%…

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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 $6,600 is deposited at 6%6% interest compounded…

A: Given,

Q: You deposit $300 in an account earning 7% interest compounded annually. How much will you have in…

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Q: Bill invests $7,500 in an account with 7.2% interest that is compounded twice a year. How much is in…

A: The formula for the amount for the compound interest is given by formula is given by  A=P1+rnnt…

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

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

A: Topic- compound interest

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old,…

A: Total years when child is of 18 =18-3 =15 yearrate =7% compounded semi annuallyLet they set  aside…

Q: At the start of each month you put $100 into an account that pays 6%, compounded monthly. After 10…

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

A: