Find the time required for an investment of $7000 to grow to $10000 at an interest rate of 5.5% per year, compounded monthly. Answer is years. {Round to 2 decimal places}

Q: What interest will be earned if $6600 is invested for 4 years at 12% compounded monthly? (round to…

A: Given that, $6600  invested for 4 years at 12% compounded   compounded  monthly.    want to…

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

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Q: If 10 thousand dollars is invested at an interest rate of 5 percent per year, find the value of the…

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Q: Find the time required for an investment of 5000 dollars to grow to 6800 dollars at an interest rate…

A: Let's find.

Q: P500 is deposited each year into a savings account that pays 5% nominal interest compounded…

A: We have to find the final amount at the end of given time.

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Q: A passbook savings account has a rate of 5%. Find the effective annual​ yield, rounded to the…

A: Consider the provided question, Given, Interest rate(r)  =  5% = 0.05 Compounded periods = 1000 So,…

Q: Find the interest rate needed for an investment of $7000 to grow to an amount of $9500 in 2 years if…

A: Given P=$7000A=$9500n=2 yearsfor  compounded monthly this fformula will applyA=P(1+R12x100)12xn

Q: $100 invested at 2% compounded quarterly after a period of 4 years. After 4 years, the investment…

A: Here we find the investment value after 4 year compounded quarterly.

Q: Find the time required, to the nearest 0.1 year, for the investment to reach the desired goal.…

A: Topic - compound Interest

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: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

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Q: BM Find the amount that should be deposited today at 5% compounded monthly to receive $ 9,000 in 6…

A: Use compound interest formula

Q: Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate…

A:

Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: $4,000 is invested at 3% for 7 years. Find the amount of interest earned if interest is compounded…

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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: Find the interest rate for an $8000 deposit accumulating to $10,620.25, compounded quarterly for 6…

A:

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

A: Given data : Formula used:

Q: Sonia wants to have $11,000 in 8 years. Use Table 11-2 to calculate how much she should invest now…

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Q: Find the required annual interest rate to the nearest tenth of a percent for $1,100 to grow to…

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Q: Sonia wants to have $13,000 in 8 years. Use Table 11-2 to calculate how much she should invest now…

A: as per policy we need to answer only one question in one post if you find my answer helpful please…

Q: Find the amount that results from the given investment. $300 invested at 6% compounded quarterly…

A:

Q: Complete the table for a savings account in which interest is compounded continuously. (Round your…

A: Given that P = $250, A = $335.21, t = 14 yrs.

Q: The Smiths invest $10,000 in an account that grows to $12,000 in 5 years.  What is the annual…

A: The Smiths invest $10,000 time, t= 5 years Final amount=$12000  P=$10000 Compound interest,…

Q: Find the time required for an investment of 5000 dollars to grow to 7600 dollars at an interest rate…

A:

Q: A principal of $12,000 is invested in an account paying an annual interest rate of 7%. Find the…

A: Compounded quarterly , n=4

Q: Find the time required for an investment of 5000 dollars to grow to 8100 dollars at an interest rate…

A: Given that the investment value =5000final value =8100interest rate =7.5 per yearcompounded…

Q: alculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

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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: Complete the table for a savings account in which interest is compounded continuously. (Round your…

A: We will use, Future value = (Present Value) * e(Annual Interest Rate * Period in year)

Q: Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate…

A: Find the time required for an investment of​ 5000 dollar to grow to​ 7700 dollar at an annual…

Q: Find the amount that results from each investment. $50 invested at 6% compounded monthly after a…

A: We have to find the amount when $50 invested at 6% compounded monthly after a period of 3 years.

Q: Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate…

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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: Find the interest rate needed for an investment of $7,000 to quadruple in 7 years if interest is…

A:

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

A: Solution:- calculate the time?

Q: Find the time required for an investment of 5000 dollars to grow to 8700 dollars at an interest rate…

A:

Q: Diego deposited a certain sum of money in a bank 3 years ago. If the bank had been paying interest…

A: For continuous compounding:       A = Per*t P =  initial deposit to the account  A = Accumulated…

Q: Find the time required for an investment of $ 5000 to grow to $ 7800 at an interest rate of 7.5…

A: Use the formula for compound interest and substitute the given values than solve for time t.

Q: 6. Mateo invested $8000 at 3% interest compounded quarterly. How long will it take for the…

A:

Q: Find the time required for an investment of 3,000 dollars to grow to 15,000 dollars at an interest…

A: Formula for compound interest:  A=P1+rnnt we have, A=$15,000, P=$3000, r=8%=0.08, n=12 (since,…

Q: Find the time required for an investment of 5000 dollars to grow to 7900 dollars at an interest rate…

A: accumulated amount A=7900, amount invested P=5000, rate of interest r =7.5%=0.075, compounded…

Q: Find the interest rate for a $9500 deposit accumulating to $12,157, compounded annually for 8 years.…

A: The formula for compound interest is given by A=P1+rnnt where A is amount, P is principle, r is rate…

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

A:

Q: Find the time required for an investment of 3,000 dollars to grow to 14,000 dollars at an interest…

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Q: Find the time required for an investment of 6,000 dollars to grow to 10,000 dollars at an interest…

A: In the given problem we have to find the time required for an investment of 6,000 dollars to grow to…

Q: Find the amount that results from each investment. $500 invested at 8% compounded quarterly after a…

A: Given, P=$500, r=8%, t=212 years, n=4 The amount is given by the formula,…

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

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