Find the future value. $1972 invested for 12 years at 4% compounded quarterly

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 $2,200 is deposited at 7.5% interest compounded…

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Q: A college plans to set up an endowment fund that will provide a scholarship of $4,000 at the end of…

A: Given that the scholarship a college provides at the end of every quarter year in perpetuity is…

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

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

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: Find the final amount of money in an account if 2,600 is deposited at 3.5% interest compounded…

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Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of…

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

A: Given data, Principal amount=$2000 Interest=2%=0.02 Compunded quarterly which means n=4 Time(t)= 5…

Q: Angela deposits $3500$⁢3500 into an account with an APR of 2.7% for 12 years. Find the future value…

A: F. V. =P(1+r/n) nt

Q: If $1737 is invested at 5.74% for 4 years, find the future value if the interest is compounded semi-…

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Q: Find the future value if $11,000.00 is invested for 7 years at 6% compounded annual. The future…

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Q: Find the future value and the interest earned if RM10000 is invested for three years at 6%…

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Q: Find the future value and interest earned when RM6 000 invested for 8 years at 12% compounded…

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Q: Find the future value in 8 years of a $10,000 payment today, if the interest rate is 3% per year…

A: We have PV = $10,000 r = 3% = 0.03 n = 8 years

Q: Find the final amount of money in an account if $2,000 is deposited at 8% interest compounded…

A: Given

Q: If $16,000 is invested at 8% for 12 years, find the future value if the interest is compounded…

A: Given that  If $16,000 is invested at 8% for 12 years To find the future value if the interest is…

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 future value. $1417.32 invested for 6 years at 4% compounded monthly

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Q: If $3,000 is compounded annually at 6.5% for 13 years, what is the future value

A: Given, $3,000 is compounded annually at 6.5% for 13 years, We have to find the future value of the…

Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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Q: "Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

A: Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

Q: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

Q: A couple deposits 24,000 into an account earning 5 percent annual interest for 20 years. Calculate…

A: Given, P=24000   Interest  =r= 5% Time =t =20 years The investment compounded daily. n=365

Q: You deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in…

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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…

Q: Find the future value of an account when $2250 is invested at 3.2% simple annual interest for 5…

A: formula:- simple interest(S.I.)= (P×R×T)/100 Then , future value =S.I.+P

Q: A couple deposits $25,000 into an account earning 5 % annual interest for 20 years. Calculate the…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Future Value: The future  value formula is given by FV=P1+rt where P is the principle, r is the…

Q: Find the final amount of money in an account if $1,500 is deposited at 5.5% interest compounded…

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Q: Find the balance if $23000 is invested in an account paying 6 % interest compounded quarterly for 11…

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Q: Find the future value of an account when $2250 is invested at 3.2% interest compounded quarterly for…

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Q: account

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Q: Find the present value of the future value of $1,000,000 invested at 12% interest compounded monthly…

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Q: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

A: This is a case of annuity due.

Q: The payment of 500 php is to be made at the end of every 6 months. How much is its future value…

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Q: Find the final amount of money in an account if $4,500 is deposited at 2.5% interest compounded…

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Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Monthly interest rate and future value will be calculated using the formula,

Q: Find the Future Value if you invest $835 at 3 1/2 % compounded semiannually for 6 years.

A: From the given data Principal value(PV)=$ 835 Interest =r= 7/2 %= 3.5%=0.035 Compounded semi…

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

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Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: each month for 9 years and the interest rate is 7.2% compounded monthly. N= FV=

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Q: Find the future value of an ordinary annuity of $8000 paid quarterly for 3 years, if the interest…

A: Given  Paid value (PV) = $8000time period (n)   = 3 yearsintrest rate (i) = 8%=0.08Future value (FV)…

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

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Q: Find the future value if $6000 is invested for 10 years at 7% compounded annually. (Round your…

A: The invested amount is $6000 for 10 years at 7% compounded annually.

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Given information Present value = $921 Rate of interest = 5.5% Year = 7% r = quarterly rate

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: While calculating compound interest, the addition of interest to the principal sum of a loan or a…