Find the missing interest earned.   Principal   Rate   Compounded   Time   Final Amount      $1025        6%       Quarterly       10 yrs     $1859.37   Compound  Interest           ?   The amount of compound interest earned is $_________

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: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

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Q: You deposit $2000 in an account with 3% annual compound interest. Complete the following, assuming…

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Q: Dave wahts to have $30 000 in four years to buy a used car. How much money does Dave need to invest…

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Q: You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a…

A: To find the rate of interest per month, divide the annual interest rate 4.8% by 12. Rate of interest…

Q: Appa deposits $2500 in an account earning 3.1% interest compounded monthly. How much will Appa have…

A: Use compound interest formula

Q: semiannually

A: To find the amount we have to double time and rate half, to find amount semiannually. Please rate…

Q: You invest $13,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

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Q: Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local…

A: Given, the winner receives $7,000 at the beginning of each year for the next 3 years. To find the…

Q: Determine value of an account at the end of 9 years where a principal amount of 9000 was deposited…

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Q: Find the compound interest and total amount of a one time deposit of $8000 at 12% for 8 years. 1.…

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Q: A company has borrowed $500,000. The loan is to be repaid in quarterly payments over 20 years.…

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Q: The Smith's borrow $45,000 to purchase a new home. They finance the amount through a 25-yr mortgage…

A: Given problems:- 1. The Smith's borrow $45.000 to purchase a new home. They finance the amount…

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: Given- Principal, P= $130,000 r = 3% t = 8+14   = 334 Since, it is not specified in the question…

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: See the attachment

Q: have in ke botbuntwhen she tuns 182 Round'to the nearest cent. 4. Samantha deposits $1,500 into the…

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Q: Find the amount of money

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Q: You deposit $3000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: P=Principle=$3000t=time=15 yearsr=interest rate=8%=0.08A=final amount=?n=number of times compounded…

Q: Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have…

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Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

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Q: placed in a savings account at 3% per annum compounded annually. How much is in the account in…

A: Topic = Algebra

Q: A corporation creates a sinking fund in order to have $580,000 to replace some machinery in 11…

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Q: How many times is the rate compounded? How much is the total in the account? (ROUND TO THE NEAREST…

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Q: You have a savings account into which you invest $75 at the end of every month and the account pays…

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Q: Adam wishes to have ​$20,000 available in 22 years to purchase a new car for his son as a gift for…

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Q: How much must be deposited in an account to have annual withdrawals of $ 1500 forever? Interest is…

A: To find - How much must be deposited in an account to have annual withdrawals of $ 1500 forever?…

Q: Determine how much is in the account on the basis of the indicated compounding after the specified…

A: Given,          p =$7900          r  =4.5%

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

A: We know that present value formula Present value =Future value /(1+r)n Where r= rate of returns…

Q: Determine the amount of money you will have 10 years if you deposit $8,000 at 5.6% annual interest…

A: To find amount we use formula:

Q: Mr. Wathen deposited $2,350 into an investment account. This account earns an interest of 9%…

A: Given that he invested $2350 in the accountHe earns 9% interest compounded anually Interest after 10…

Q: You deposit $1500 in an account with 5% annual compound interest. Complete the following, assuming…

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Q: You deposit $3000 in an account that pays 5% interest compounded yearly. Find the balance after 7…

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Q: If $6,000 is invested in an account for 20 years. Find the value of the investment at the end of 20…

A: (a) Given that, the initial investment is P=$6,000, time is t=20 years and the interest rate is 5%.…

Q: You borrow $5000 to help pay your college expenses. You agree to repay the loan at the end of 8…

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Q: You invest $13,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Here given that                      principle amount (P)=13000 $                      Interest rate…

Q: A credit card charge 29% p.a interest compounded daily. Assuming that you borrow $3000 on the credit…

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Q: ind the final amount of money in an account if $5,300 is deposited at 5.5% interest compounded…

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Q: Find the compound amount for the deposit and the amount of interest earned. $6800 at 5.4% compounded…

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Q: Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local…

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Q: Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local…

A: since the scholarship is awarded for 3 consecutive years, there will be 3 students each year who…

Q: Find the compound amount for the deposit and the amount of interest earned. $3000 at 3% compounded…

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Q: You want to receive ​$350 at the end of each year for 5 years. Interest is 10.7% compounded…

A: We can solve both of them using the concept of present worth as below.

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

A: The future value is FV=$8000. The rate of interest is r=2.5%=0.025 and the time period is t=3 years.

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

A: Given information:Accumulated amount (A)= $120,000Rate of interest (r) = 4% = 0.04Number of years…

Q: Find the value of a $1,000 certificate in 2 1/2 years if the interest rate is 3% compounded…

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Q: You charge $2500 to a credit card. Use the compound interest formula to find the new amount you'll…

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Q: If $24,000 is invested in an account for 20 years. Find the value of the investment at the end of 20…

A: This question is based on simple interest and compound interest.

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

A: This question is based on Compound interest.

Q: You want to withdraw $600 each month for the next 15 years from an account that earns 5% annual…

A: Intrest formulae for compounding monthly is given below