how long will it take for the amount in the account to reach $12,000?

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: How much interest will you earn if you invest $5400 for 3 years at a simple interest rate of 4%…

A: We can solve this using simple interest formula S.I.= (P*R*T)/100

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A: Let's solve compound intersect sum.

Q: If you leave $5400 in an account earning 4% interest, compounded daily, how much money will be in…

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Q: Isaiah is going to invest $94,000 and leave it in an account for 16 years.Assuming the interest is…

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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: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

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Q: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

A: Interest compounded annually is calculated by the formulas, A=P1+r100t…

Q: If you invest $2090 compounded annually at 9.2%, how long will it take to double your investment?…

A:

Q: Answer the following.Show your Solution.   a. Php1500 invested at 4% compounded semiannually for 7…

A: (a)  $1500 invested at 4% compounded semi annually for 7 years A = P(1+(r/n))nt Accumulated value is…

Q: Lee puts $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10…

A: Given, Principal amount, P = $10,000 Rate of interest, r = 7%  Time, t = 10 years We know, Interest,…

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A: Find the time taken for the amount $120,000 to grow to $800,000 if it grows at a rate of 4.5%…

Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 17…

A:

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

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Q: If you invest $1147 compounded annually at 8.5%, how long will it take to double your investment?…

A:

Q: A money market account pays 5.2% annual interest, compounded daily. If $100,000 is invested in this…

A: Given- P=$100,000,r=5.2% and total interest=$10,000. To find- The time that will take to accumulate…

Q: How long would it take for an investment to at least double its original amount at 3.62% compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  r=3.62%=0.0362 n=12 for a…

Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

Q: Approximately how much money would Manny have if he invested $1,200 at an interest rate of 5% for 7…

A:

Q: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

Q: an

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

Q: Michael invested $50,500 in an account with an interest rate of 4.5% that was compounded annually.…

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Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

A:

Q: How much should be invested today in an account earning 6% compounded quarterly, if you need $35,000…

A: A=P(1+(r/n))nt where A = final amount P=initial amount r=interest rate in decimal n=number of…

Q: If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Suppose $9500 is invested at 6% interest, compounded annually.  Approximately how long will it take…

A: Given Principal =$9500  rate =6% compounded annually Amount = $12,000

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: How long would iR take to double your money in an account paying 8% compounded quarterly? Ignoring…

A: Consider the Principal be "S" The amount is given by "2S". The rate of interest is 8% per annum.…

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A:

Q: nearest

A: Please refer to the image below

Q: How long does it take the amount of money in your wallet to triple if it is invested at 7% interest,…

A: Let initial amount = P So, final amount = A= 3P Interest rate= 7%= 0.07  n= number of times…

Q: How much will you need to put away to get 1500 after 13 years at 9% compounded monthly?

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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 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

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A: The compound interest formula for an initial amount P deposited for a time period of t at a rate of…

Q: If $200 is invested at 6% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount…

A:

Q: Lee put $5,000 into a stock market index mutual fund that grew at an average of 6.5% per year for 10…

A: Given: Principal amountP=$5,000, Timet=10 years, Rate of interestr=6.5% We know that Simple…

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

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Q: If you leave $1400 in an account earning 7% interest, compounded daily, how much money will be in…

A: To find the money  in the account after 4 years.

Q: You put $4000 in a bank account earning 3% compounded monthly. To the nearest penny, how much is it…

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Q: When he was 12, Brian put $250 into a savings account with a 2.5% annual interest rate. Now that he…

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Q: A couple needs $23,335.13 as a down payment for a home. If they invested the $7,000.00 they have at…

A: