Find the time necessary, in years and days, to achieve a future value of $1000 when the original investment is $550 at 8% simple interest.

Q: $11,000 is invested for 9 years at an annual simple interest rate of 11%. (a) How much interest…

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Q: $12,000 is invested for 3 years at an annual simple interest rate of 15%. (a) How much interest…

A: (a) Consider the formula for the simple interest is, SI=PRT Then, SI=12000151003=$5400 Thus, the…

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: A graduate gets a good job and decides to save $200 per month into a 401K fund on payday, the last…

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Q: If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of…

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Q: What is the future value of a $1000 dollar CD invested at a rate of 4.5% that earned simple interest…

A: Given that: P=initial amount=1000 r=interest rate= 4.5%=0.045 t=number of years= 9  A=annuity=?

Q: If you lend $7,000 to a friend for 16 months at 9% annual simple interest, find the future value of…

A: given that lend amount, P=$7000 for 16 months,  T=1612years=43 years  rate of interest , R=9% annual…

Q: If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: We know:- Simple interest = PRT ⇒P=initial amount ⇒R=Rate of interest⇒T=Time in years

Q: Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest…

A: Given that  $1500 paid at the end of each year for 10 years, if interest is earned at a rate of 7%,…

Q: What is the future value of $112,000 invested for 5 years at 9% compounded monthly?

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

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Q: Find the future value of an annuity of $1300 paid at the end of each year for 10 years, if interest…

A: Use the formula: F=P1+in-1iwhere P is the regular payment amount i is the annual interest rate n is…

Q: If you lend $3300 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given that, Present value, P = $3300 rate, r = 8% annually = 0.08 time, t = 15 months = 15/12 years…

Q: Find the future value in 8 years of a $10,000 payment today, if the interest rate is 3% per year…

A: We have PV = $10,000 r = 3% = 0.03 n = 8 years

Q: If $16,000 is invested at 8% for 12 years, find the future value if the interest is compounded…

A: Given that  If $16,000 is invested at 8% for 12 years To find the future value if the interest is…

Q: If Jean invests $2300 in a retirement account with a 6% interest rate compounded annually, how long…

A: To determine the time required for the investment to accumulate to $ 4150.

Q: $11,000 is invested for 6 years at an annual simple interest rate of 16%. (a) How much interest…

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Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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Q: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

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Q: 14,000 is invested for 3 years at an annual simple interest rate of 16%. (a) How much interest will…

A: a) Consider the given data, Principal, P=14000Rate, R=16%Time, T=3 year The Simple Interest will be…

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

A: FV = P(1+TR)

Q: if $14,000 is invested at 6% simple annual interest, find the investment's future value in 4 years.

A: Given

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: We have to find the future value of each deposit if the account pays: a Simple interest: We can…

Q: What is the future value of $2000 earning 12% interest, compounded monthly, for 8 years? (Round your…

A: We need to find the future value given that present value P = $2000, rate of interest r = 12% =…

Q: Levi is planning to invest 100,000 php. Bank A is offering 5% compounded semi - annually while Bank…

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Q: Find the future value of an account when $2250 is invested at 3.2% interest compounded quarterly for…

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Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: Find the future value of an annuity of $1700 paid at the end of each year for 10 years, if interest…

A: To determine the future value of the annuity.

Q: what is the future value of $4000 earning 18% interest, compounded monthly, for 8 years? round your…

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Q: Find the present value of the future value of $1,000,000 invested at 12% interest compounded monthly…

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Q: In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per…

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Q: Man borrowed $30,000 at a simple interest rate of 12% per year to woman, however Man can only paid…

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Q: Mustafa purchases an annuity due paying 8% quarterly. If his payment is $4511, how much will its…

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Q: $2,000 is invested for 8 months at an annual simple interest rate of 12%. (a) How much interest…

A: Recall the following. I=PnrI is the simple interest obtainedP is the principal amountn is the number…

Q: $12,000 is invested for 5 years at an annual simple interest rate of 18%.  - how much will be…

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Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

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Q: Find the future value if $7000 is invested for 7 years at 7% compounded annually

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Q: In order to start a small business, a student takes out a simple interest loan for 8000.00 for 3…

A: The objective is to find the interest and future value.

Q: Find the future value of an annuity of $1600 paid at the end of each year for 10 years, if interest…

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Q: Syppose $175,000 is invested at an annuel Compute The future value of the investment aftel 20 years…

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Q: What is the future value of $4000 earning 12% interest, compounded monthly, for 8 years? (Round your…

A: Given that $4000 earning 12% interest, compounded monthly, for 8 years.

Q: Find the future value if $3000 is invested for 13 years at 11% compounded annually

A: P=$3000,  t=13  ,  r=11%=0.11  &  n=1 compounded annually

Q: Find the future value of a $30,000 annual income stream if it is invested immediately as it is…

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

A: Given information Present value = $921 Rate of interest = 5.5% Year = 7% r = quarterly rate