How long will it take money to double if it is invested at  (A) 10% compounded  quarterly? (B)  8%  compounded  semiannually?

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

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: The amount of deposit = P 17,000 Rate of interest = 7.5% compounded semi-annually  Time period = 5…

Q: Southwest dry cleaners believes that it will need new equipment in 10 years. The equipment will cost…

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Q: 5. Betty invests $5700 at 4.25 % annual interest compounded semi- annually for 3 years, and $6000 at…

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Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…

A: According to the question: Given   that,Rater=18  %=18100=0.18Compounded  monthly⇒n=12A=50000Time…

Q: The difference between the future values of a deposit accumulated for 15 years at a rate of 9.5%…

A: Let the amount for the first condition be A1 and for second condition be A2 and let the deposit be…

Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?

A: Given, after 5 years investment is triple

Q: 13. Prianka invests $5000 at 4% interest compounded annually for 7 years. How much will she have…

A: Given  Principal value   P = $ 5000    , intrest rate   r = 4%   compound annualy      and    time…

Q: How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded…

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Q: 18. To what amount will $10,000 grow after 25 years if it earns: a. 4% compounded annually? b. 4%…

A: Topic = Algebra As per guidelines , At a time only one question with three sub-parts can be…

Q: 13. How long will it take for P6,000 to accumulate to P11,300 at 6% compounded semiannually 14. How…

A: The compound interest formula is defined as A=P1+rnnt, where A is the total amount accrued so far, P…

Q: How much money should be deposited today in an account that earns 4% compounded semiannually so that…

A:

Q: (a) If $1000 is invested at 5% compounded monthly, howmuch is there after 8 months?(b) If you want…

A: Given:         Amout of compound interest is given by,A=P1+rnntWhere,A= amount, P= initial amount,r=…

Q: 8. How much more does $1,000 earn in 8 years, compounded daily at 3%, than $1,000 over 8 years at…

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Q: 3. what is the rate of interest compounded annually is the same as the rate of interest of 8%…

A: Hello. Since your question has multiple questions, we will solve the first question for you. If you…

Q: How much money would have to be deposited now at 4.5% interest compounded monthly to  accumulate to…

A: Let us consider the principal P then the amount obtained after 4 years at the rate of r%…

Q: 4. How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…

A: We know the formula for Compound Interest ,  A = P1 + rnnt   ,  Where , A = Final amount…

Q: Suppose that you have opened a saving account with an initial deposit of $10,000. The account offers…

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Q: Joshua invested $99,000 in an account paying an interest rate of 4 1/2% compounded continuously.…

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Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

A:

Q: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

A: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

Q: How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly?…

A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

Q: invested at a bond growing at an average rate of 8.25% compounded monthly if its value at maturity…

A: Maturity value: The amount due and payable to the holder of a financial obligation as of the…

Q: 4. In how many years is required for P4,000 to increase by P9,000 if interest is at 11% compounded…

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Q: How much should a mother invest at the time her son is born in order to provide him with $100,000 at…

A: Given Rate of interest 3% compounded monthly amount=$100,000 n=21 years   To evaluate Principal…

Q: How much should be invested now at an interest rate of 5.5% per year compounded continuously to have…

A:

Q: A company needs $7,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given: Required amount A=7,300,000 Number of years, t=15 Rate of interest, r=4.1% Number of times…

Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…

A: The initial amount is: $450 The compound interest is: 3.9% The amount interested per annum…

Q: You invest $10,000 in a rate-riser GIC that earns 3% compounded monthly in the first year, 4%…

A: Given, Total amont invested is $10,000. Now we shall calculate the total interest gained every year.…

Q: Suppose that you have opened a saving account with an initial deposit of $5,600. The account offers…

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Q: How much should be invested now at 7.45% compounded semiannually to have $39,000 in 20 years?

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Q: How much will you need to save per month to have $200,000 after 12 years, if your account earns 5%…

A: This question can be solved using the concept of annuity.

Q: You have just received $135,000 from the estate of a long-lost rich uncle. If you invest all your…

A: Solution:-

Q: 15. Suppose $5000 is invested at 8% interest compounded annually. How many years will it take for…

A: The formula for compound interest is  where P is principle Amount, R is rate of interest and T is…

Q: RM1,800 is invested in scheme A at 10% per annum for 2 years at simple interest while another…

A: Here we have to find out that scheme which will give profit for investor.

Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: How much money should be invested in an account that earns 9% interest, compounded quarterly, in…

A:

Q: 3. Abigail wants to save $15,000 to buy a car in seven years. If she deposits $10,000 into an…

A: Continuously compounded interest is interest that is computed on the initial principal amount, as…

Q: 4. How many years (to the nearest tenth) will it take for a $1500 investment to double with an…

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Q: Ahmed invested $1,542 in a savings account, and three and a half years later his investment amounted…

A: This question is related to compound interest, We will solve it using given information.

Q: How much do you have to invest at 2.4% interest compounded quarterly if you need to have $300,000…

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Q: 1. You can make a one-year investment at 7.8% compounded monthly, or 8.1 %compounded semi-annually.…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

A:

Q: 14) Southwest Dry Cleaners believes that it will need new equipment in 5 years. The equipment will…

A: Recall the following fact.

Q: ompounded continuously. Sarah invested $8,400 in an account paying an interest rate of 4 1/8%…

A: Answer and explanation is given below...

Q: How much money should be deposited today in an account that earns 8% compounded semiannually so that…

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Q: A student graduates when he is 22 years old and starts saving $20.00 per month until he retires at…

A: