Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years if interest is compounded annually. (Ro

Q: An initial deposit of $10,000 earns 1.5% interest and is left in the account for 10 years. How much…

A: It is given that, an initial deposit of $10,000 earns 1.5% interest and is left in the account for…

Q: Find the accumulated value of an investment of 6000 at 10% compounded semiannually for 9 years

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Q: A fireman invests $40,000 in a retirement account for 2 years. The interest rate is 6%, compounded…

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Q: 1) Lucy invests $6500 at 3.2% p.a. interest compounded annually. Find the value of her investment…

A: Direectly use the formula for compound interest

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

Q: Find the value of $15,000 at the end of one year if it is invested in an account that has an…

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Q: Find how much money needs to be deposited now into an account to obtain $7,200 (Future Value) in 8…

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Q: How much money will there be in an account at the end of 6 years if $6000 is deposited at 4%…

A: Given: P=6000  dollarsr=4%t=6  yearssemi−annually

Q: Find the time required for an investment of ​$11,000 to grow to ​$24,000 at an annual interest rate…

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Q: percent) Jose invests $7,250, at 8% interest, compounded quarterly for 10 years. Calculate the…

A: We will solve the problem

Q: an employee wants to invest $50,000 in a pension plan. One investment offers 6% compounded…

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Q: passbook savings account has a rate of 6%. Find the effective annual​ yield, rounded to the nearest…

A: Given that rate of interest = 6%rate of interest = 6100= .06Compounded monthly i.e n = 12 and t =1

Q: If compound interest is paid twice a year, we say that the interest is compounded ______. If…

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Q: Determine the value of an account at the end of 10 years of a principle amount of $16000 is…

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Q: if $3,500 is invested at an interest rate of 2.75% per year, compounded monthly, find the value of…

A: Given: P=$ 3500             r=2.75%             t=2 year, 3 year, 6 year   Formula used for…

Q: TRILS Manually calculate the compound interest on an investment of $14,000 at 4.5% interest,…

A: Given that  Initial amount 14000 Rate of interest is 4.5% and semiannual for 2 years  To find the…

Q: An investment of P2,850 is made at the beginning of each month for 6 years and 7 months. How much…

A: Given that investment of P=2850 per month  for time T=6 years and 7 months= 79 months rate of…

Q: a. Bank Nizwa offers a saving account at the rate 20% simple interest. If you deposit RO 592 in this…

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Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

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Q: a. Bank Nizwa offers a saving account at the rate 21% simple interest. If you deposit RO 955 in this…

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Q: How much more would you earn in the first investment than in the second investment? $52,000 invested…

A: topic -  compound interest

Q: Which investment results in the greatest total amount? Investment A: $5,000 invested for 5 years…

A: Given,         Investment A : $5000 invested for 5 years compounded semiannually at 7%.…

Q: If $19,000.00 is invested in an account for 30 years.. Find the value of the investment at the end…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

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Q: A bank offers an investment account with an annual interest rate of  1.28%  compounded monthly.…

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Q: Finance. A person wishes to have $16,800 cash for a new car 6 years from now. How much should be…

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Q: 3) $10,000 is invested at 6% for 8 years. Find the amount of interest earned if interest is…

A: GIVEN; PRESENT VALUE (PV) = $10,000,  INTEREST RATE = 6%    & TIME = 8 YEARS

Q: Find the value of an investment of $8,300 after 14 years with 3.2% interest compounded monthly

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Q: If $10,000 is invested at an interest rate of 3% per year, compounded semiannually, find the value…

A: If $10,000 is invested at an interest rate of 3% per year, compoundedsemiannually.Our Aim is to find…

Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

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Q: An investment of P2865 is made at the beginning of each month for 10 years and 8 months. How much…

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Q: a.) What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to…

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Q: If an annual interest rate is 12% and is compounded monthly, then what is the interest rate per…

A: NOTE: Refresh your page if you can't see any equations. . the annual rate is 12% and is compounded…

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

A: Present value interest factor can be calculated using following formula = Amt*(1/1+i)^n

Q: ind the interest rate needed for an investment of $7,000 to grow to an amount of $10,500 in 7 years…

A: formula : where, r = interest rate t = time period = 7 years n = number of compound in a year = 4…

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily, find the value of the…

A: Given, The initial amount, P=$2500 Rate of interest,r=2.5% Compounded daily,n=365

Q: If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of…

A: Consider the following information: PrincipalP=$500Rate of interestr=3.75⁒n=4 Compound interest…

Q: Find the balance of $1000 is interested at an annual interest rate of 10% per 2 years compounded on…

A: Express the compound interest formula. A=P1+rnnt Here, A is the amount, r is the interest rate, P is…

Q: Having received a large inheritance, a child's parents wish to establish a trust for the child's…

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Q: Find the accumulated value of an investment of $20,000 for 5 years at an interest rate of 1.55% if…

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Q: Find the accumulated value of an investment of $20,000 for 6 years at an interest rate of 6% if the…

A: a. 28515.22 b. 28590.06 c. 28640.89 d. 28666.59

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

A: Topic:- future value

Q: Finley deposits $1000 in a bank with an interest rate of 8% compounded quarterly. How much would his…

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Q: Assume that there are no deposits or withdrawals. An initial deposit of $12,000 earns 6% interest,…

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Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

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Q: If 9400 dollars is invested at an interest rate of 9 percent per year, compounded semiannually, find…

A: Compound Interest - Starting with principle P then the amount A in an account after t years , with…

Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

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Q: f $1000 is invested in an account earning 3% compounded monthly, how long will it take the account…

A: The amount obtained by investing an amount of $P in an account that gives an interest of r%…

Q: recent college graduate with $19,000 in student loans decides to leave the country without making…

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