Find the present value of $3000 payable at the end of 4 years, if money may be invested at 8% with interest compounded continuously. The present value of $3000 is $. (Round to the nearest cent as needed.)

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: An amount of $43,000 is borrowed for 6 years at 6.5% interest, compounded annually. If the loan is…

A: Interest is compounded annually, therefore n=1

Q: What interest will be earned if $6600 is invested for 2 years at 12% compounded monthly? (Round your…

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Q: If you have $5000,00 to invest a rate of 3.5% compounded monthly, how long would it take to save…

A: Given investment(P) = $5,000.00 interest rate(r) = 3.5% per annum Final amount(A) = $15,000.00 The…

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: Suppose that you invest $14,000 at 3% interest compounded monthly. How much money will be in your…

A: We know that the formula , A = P ( 1 + (r / n )) n • t Here P = principal amount r = interest rate…

Q: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

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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: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24…

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Q: If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan,…

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Q: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

Q: An amount of $29,000 is borrowed for 15 years at 8.25% interest, compounded annually. If the loan is…

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Q: A newborn child receives a $5,000 gift toward a college education from her grandparents. How much…

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Q: An amount of $25,000 is borrowed for 5 years at 4% interest, compounded annually. If the loan is…

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Q: What interest will be earned if $6700 is invested for 2 years at 10% compounded monthly? (Round your…

A: Given

Q: If you deposit $300 each quarter into an account earning 3.2% compounded quarterly, how many years…

A: The future value (FV) of an annuity A with interest rate per period of r, over n periods is given…

Q: What interest will be earned if $6800 is invested for 7 years at 12% compounded monthly? (Round your…

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Q: An amount of $43,000 is borrowed for 7 years at 5% interest, compounded annually. If the loan is…

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Q: What interest will be earned if $6100 is invested for 7 years at 13% compounded monthly? (Round your…

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Q: If $4000 is borrowed at a rate of 5.75% interest per year, compounded quarterly, find the amount due…

A: Given data,  Principle amount = $4000 Rate of interest = 5.75% = 0.0575 Compounded quarterly Final…

Q: A zero-coupon bond can be redeemed in 20 years for $10,000. How much should you be willing to pay…

A: Given: Total years=20……1Redeemed amount=$10,000……2

Q: What interest will be earned if $6500 is invested for 8 years at 13% compounded monthly? (Round your…

A: The given principal value P = $6500 The given time t = 8 years = 12*8 = 96 months  Interest rate =…

Q: If you invested $10,000 at 9% interest, compounded quarterly, then how much would this investment be…

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Q: Peyton is going to invest $310 and leave it in an account for 16 years. Assuming the interest is…

A: Principal amount:  P = $ 310 Total time period is: t = 16 years Interest is compounded quarterly.…

Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

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Q: A loan of $23,000 is made at 5% interest, compounded annually. After how many years will the amount…

A: Proceed as shown below

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

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Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

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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: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A: Given: Principle amount (P)= $1,000,000 Rate of interest r=12% Time period= 20 years

Q: What interest will be earned if $6100 is invested for 2 years at 11% compounded monthly? (Round your…

A: Follow next step

Q: A newborn child receives a $7,000 gift toward a college education from her granparents. How much the…

A:

Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

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Q: Suppose that you invest $3,000 at 5% interest compounded monthly. How much money will be in your…

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Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

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Q: Madison is going to invest in an account paying an interest rate of 5.1% compounded quarterly. How…

A: Let the amount invested in the account be P Final value of amount in the account(A) is $310 Number…

Q: What interest will be earned if $6500 is invested for 2 years at 11% compounded monthly? (Round your…

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Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

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: How much should a business save at the end of every quater if they need $100,000 in 5 years to pay…

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Q: What interest will be earned if $6600 is invested for 7 years at 10% compounded monthly? (Round your…

A:

Q: If $17,000 is invested at 6% compounded monthly, what is the amount after 6 years? The amount after…

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Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: Madison invested $3,300 in an account paying an interest rate of 6.7% compounded daily. Assuming no…

A: The given data is: Medison invested P=$3300 Rate of interest R=6.7% Time t=5 years To find the…

Q: If $5,000 is invested at 4% compounded quarterly, what is the amount after 9 years? The amount after…

A: According to the given information:The amount invested (P) = $5,000Rate of interest (r) = 4% =…

Q: Find the amount that results from the given investment. $500 invested at 4% compounded quarterly…

A: Formula used:Future value formula

Q: If 31800 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: SOLUTION-

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years