Find the interest earned on $25,000 invested for 3 years at 6% interest compounded as follows. a. Annually

Q: If you deposit $4500 at 5% annual interest compounded quarterly, how much m oney will be in the…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: to find:- amount to be deposited.

Q: Mr. Gordon plans to invest $200 at the end of each month in an account that pays 9%, compounded…

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Q: A student pays back a loan (principal + interest) of $12 344. If it compounded weekly for 4 years,…

A: A=P1+rnnt

Q: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…

A: For compounded monthly, n=12

Q: How much compound interest will Sue earn by investing $20,000 at 4.1% p.a. over a four year period,…

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Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

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Q: Levi invested $5,300 in an account paying an interest rate of 2.4% compounded daily. Assuming no…

A: topic - exponents

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 total amount of interest to the nearest cent if the interest is compounded annually. $2750…

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Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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Q: Find the accumulated value of an investment of $20,000 at 5.25​% compounded annually for 12 years.…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Find the amount of money in an account after 10 years if $1,300 is deposited at 8​% annual interest…

A: Principal p =$1300 deposited  Rate =8% annual compounded monthly Time = 10 years To calculate total…

Q: Find the value of a $3,000 certificate in 2 years, if the interest rate is 10% compounded annually.

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Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: Given: ₱50,000 at 11% compounded quarterly for 5 years. What is the interest rate per conversion…

A: Given that: Principal amount = ₱50,000 Rate of interest = 11% = 0.11 Number of years he amount is…

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

A: ANSWER :

Q: Jayden invested $65,000 in an account paying an interest rate of 2.1% compounded quarterly. Assuming…

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Q: Your 4 year investment of $21,000 received 13.6% interest compounded quarterly. What is your total…

A: Here p0 = 21000$ R = 13.6% annually  N = 4 year

Q: Find the total accumulated amountpresent in an account after investing $42,000 for 8 years at a rate…

A: Given Data: The amount invested is: P=$42000 The time period is: t=8 years The rate of compounding…

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

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Q: Find the amount we would need to deposit today as a lump sum to achieve $420,000 in 30 years at 6%…

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

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

Q: Find the present value of 1,200 due in 3 years and 9 months if money is for 10%, compounded…

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Q: An item at a department store is priced at $189.99 and can be bought by making 20 payments of…

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Q: Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded quarterly. Assuming…

A: Initial amount=P= 3500  Final amount=A=? Time= t=19 years  Interest rate=r= 3.5%= 0.035  Number of…

Q: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

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Q: c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long…

A: Solution :-

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: Sarah deposited $15,000 in an investment fund that was growing at a rate of 3.00% compounded…

A: Please refer to the image below

Q: Calculate, to the nearest cent, the present value of an investment that will be worth $4,000 after 9…

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Q: A principal of P 2000 is placed in a savings account at 3% per annum compounded annually. How much…

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Q: Suppose you deposit $4000 in a CD paying 5% interest, compounded monthly. How much will you have in…

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Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: Find the present value of $40,000 due in 4 years at the given rate of interest. 7%/year compounded…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

A: Formula: A=P1+rnnt where A= Final amount P= Principal initial balance r= Rate of interest t= Time…

Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

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Q: Find the accumulated amount at the end of 4 years if $5000 is invested at the rate of 10% per year…

A: Given information Amount=$5000 Interest rate r=10% ⇒r=10100=0.1 Time=4 years We have to find the…

Q: Find the required annual interest rate, to the nearest tenth of a percent, for $5200 to grow to…

A: Consider the given information

Q: Find the present value of $30,000 due in 4 years at the given rate of interest 6%/year compounded…

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Q: unt that

A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…

Q: Find the interest rate for an $8000 deposit accumulating to $10,620.25, compounded quarterly for 6…

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Q: Find the interest on P10,000 at 5 ½% for 4 years and 6 months compounded monthly.

A: Given that.   Find the interest on P10,000 at 5 %2% for 4 years and 6 months compounded monthly.…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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