Find the periodic rate of interest if $5000 grows into $6580 in 6 years when interest is compounded monthly.

Q: Charlie invests $11000 into a savings account that grows at an interest rate of 4.5% per year. (a)…

A: Given that, the investment P=$11,000 , interest rate r=4.5% number of years t=12 and number of times…

Q: Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously.…

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Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

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Q: If the compounding period CP and the time period t are the same, then compounding frequency equals =

A: If compounding period is equal to the time period then interest is calculated on one time.

Q: Find an equation for the balance t years after January 1, 2010 Find the balance at the beginning of…

A: Given, initial balance = Principal = p = 5000 time period = t years rate of interest = r =  5% per…

Q: Find the present value that will grow to $26,000 if interest is 4% compounded quarterly for 13…

A: Given query is to find future value of $ 26000 with interest 4% compounded quarterly.

Q: Suppose you have $10,000 to invest. Which of the two rates would yield the larger amount in 1 year:…

A: Given that, You have $10,000 to invest. There are 2 rates. 12% compounded monthly. 11.86% compounded…

Q: If 2000 dollars is invested in a bank account at an interest rate of 8 per cent per year, Find the…

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Q: Find out how long it takes a $2,800 investment to double if it is invested at 9% compounded…

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Q: How long (in years) will it take to quadruple an investment made at a 9% interest rate if the…

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Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?

A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…

Q: $25,600 at an interest rate of 10.4% if the interest is compounded quarterly? Round the number

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Q: A bank pays interest at the rate of 6% per year, compounded monthly. If a person deposits $2500 in a…

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Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

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

Q: Find the amount of money that results if $100 is invested at 4% compounded quarterly for 2 years.

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Q: Which of the two rates would yield the larger amount in 1 year: 7% compounded monthly or 7-%…

A: ⇒We need to find which amount of rate yield the larger amount in one year.Compound amount…

Q: To get $300 after 4 years at 3% compounded daily

A: The present value P of A dollars to be received after t years, with annual interest rate    r is…

Q: Suppose you have $10,000 to invest. Which of the two rates would yield the larger amount in 1 year:…

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Q: Find the balance if $14000 is invested in an account paying 6.5% interest compounded continuously…

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Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

Q: ecide at what rate compounded monthly will 800 become 4200 for 1

A: Introduction: Compound interest is interest that is compounded at regular intervals on both…

Q: If 6000 dollars is invested in a bank account at an interest rate of 10 percent per year, Find the…

A: The compound interest formula A=P1 + rnnt Where, A = Amount after compounding period P = Principal…

Q: A $15000 investment earns 12.25% interest, compounded semi-annually. Approximately, how long will it…

A: Given: Initial investment = $15000 Accumulated value = 3×15000=45000 Rate of interest compounded…

Q: A family purchased a home for $150,000. Two years later the home was valued at $188,160. If the…

A: Initial value is a=150,000 Let the common ratio be r. So after two years the value is given by:

Q: The accumulated value of $4000 invested for 6 years at 7% compounded quarterly is

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Q: A newborn child receives a $20,000 gift toward a college education from her grandparents. How much…

A: Given that  A baby recives 20000 Interest rate is 7% for 17 years  To find the amount will receive…

Q: A principal of  $4900  is invested at  4.25%  interest, compounded annually. How much will the…

A: use the formula for compound interest for finding the amount.

Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…

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Q: A man initially invested ​$1000 in a savings account where interest is compounded quarterly. If…

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Q: To get $1000 after 212years at 6% compounded daily

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Q: If $23,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: Solution: From the given information, invested amount is $26,000, interest rate is 7%, compounded…

Q: A principal of  $4800  is invested at  6.75%  interest, compounded annually. How much will the…

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Q: Steven wants to put $6000 in the bank at a rate of 6.8% per year. Find the amount in the bank after…

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Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: A payment of $1500 is due in three months. Find the equivalent value at nine months if the interest…

A: Given interest rate is 4% compounded quarterly. F.V=P.V(1+r/k)nk Here, F.V= Future value P.V=Present…

Q: Billy starts a new savings account with $4,000. How much money does Billy’s account have if it gains…

A: Find the amount after 5 years with different term

Q: An aunt wants to make a gift of $120,000.00 to their niece's for her college education on her 18th…

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Q: At a 4.2% interest compounded annually, how long will it take $2000 to grow to $5000? Round answer…

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Q: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: A man initially invested ​$800 in a savings account where interest is compounded annually. If after…

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Q: Find the present value that will grow to $2,000 if the annual interest rate is 8.5% compounded…

A: To find the present value which will grow to $2000, with the annual interest rate is 8.5% compounded…

Q: How much will 350 grow to in 8 years at 5% compounded monthly?

A: Initial amount= P= 350  Final amount= A=? Interest rate= r= 5%=0.05  Time= t = 8 years Number of…

Q: Find the amount at the end of 5 years and 6 months if P8,000 is invested at 29% compounded…

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Q: A Math 110 student decides to make quarterly payments of $1,000 into a retirement account paying 2%…

A: Given data : Quaterly payments of $ 1,000 i.e P = $ 1,000 x 4 = $ 4,000 ( yearly) rate of interest =…

Q: How many years will 100 000 earned a compound interest of 500 000 if the interest rate is 9%…

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Q: How many years if the compounded total conversion periods is 99 when compounded monthly?

A: Solution: Given, Total conversion periods = 99

Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: Find the present value that will grow to $23,000 if interest is 8% compounded quarterly for 17…

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Q: % interest, compounded annually. After how many years will the amount due reach $44,000

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