How much money is in the bank after for 4 years? 2. A deposit of $2150 earns 6% interest compounded quarterly. How much money is in the bank after for 6 years? 3. A deposit of $495 earns 3% interest compounded annually. How much money is in the bank after for 3 years?

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: I know that in 10 years I will need $60,000 to buy one Dogecoin. I happen to find an online bank…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=60000 r=22%=0.22  n=2 for…

Q: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

Q: What sum must be deposited today at 8 percent per year compounded annually if the goal is to have a…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A: Given: The total cost of four-year private education is estimated to be $50,000. The rate of the…

Q: Manhattan Island is said to have been bought from the Indians by Peter Minuit in 1626 for 24…

A: we have to find the compound interest annually with the given formula A(t)=P1+RNNT Where, A = Amount…

Q: 14. If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would to save…

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Q: Suppose $2200 is invested in an account that offers 8% compounded half-yearly. How long will it take…

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Q: How much should she set aside now

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Q: 13. If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A: Given: Frank invests $11,400 at 3.7% interest compounded quarterly. To find: Investment's worth in 9…

Q: Jim places $10,000 in a bank account that pays 5.8% compounded continuously. After 2 years, will he…

A: Initial amount = P= 10000Interest rate = r= 5.8% = 0.058Time = t= 2 yearsWe use continuous compound…

Q: If $3,700 was invested 4 months ago at a simple interest rate of 1.9%, what would be the value of…

A: A $3,700 was invested 4 months ago at a simple interest rate of 1.9%.

Q: Suppose you have $1100 deposited at 3.2% compounded weekly. About long will it take your balance to…

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Q: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

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Q: If the accumulated value of an investment that is growing at 4.79% compounded monthly is $89,843.55,…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

Q: If $30,000.00 is invested 6 1/4%(six and one fourth percent) compounded quarterly for 8 years, how…

A: Given,            P = $30,000.00  ; r = 614%=254%=0.0625 and time = 8 years

Q: If you retire at the age of 65 with $1,000,000 sitting in an account that pays 9% p.a interest…

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Q: Answer the following questions if you deposited 1,000 dollars into a bank account earning 6 percent…

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Q: 1. Ken is paying 2,500 every 3 months for the amount he borrowed at an interest rate of 8%…

A: Let us find the loan amount for the following EMI program in the next steps.

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

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Q: What initial investment is required by Jake to produce a maturing amount of $15,000 in 60 months'…

A: The formula for the compound interest is: A = P1+rnnt Here, P is the principal amount, r is the rate…

Q: If Amy needs $15,000 in years 6 for a down payment on a home how much should be invested today at…

A:

Q: What will the final amount be in 1 1/2 year if P8,000 is invested at 9.2% compounded monthly.?

A: Given that : Principle = $8000 Rate = 9.2 % per year = 9.2% / 12 per month Time = 1 (1/2) year = 18…

Q: Suppose you want to accumulate $350,000 for your retirement in 20 years. You find an investment that…

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

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Q: A1 You hold a short position in an asset with a price of $50 and write a 6-month put (exercise price…

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Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

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Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

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Q: When I was considering what to do with my $8,000 Lottery winnings, my broker suggested I invest half…

A: Total amount to be invested is 8000 Half of the amount invested in Gold Invested in Gold = 4000 rate…

Q: If $17,000 is invested in a savings account yielding 3% per year, compounded semiannually, how fast…

A: Consider the formula for the compound interest is, A=P01+rnnt Since, the interest is compounded…

Q: How much must a person put into the bank today if he wants $50,000 in 5 years at 6% compounded…

A: Sol

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Q: How long would it take for an investor to double his money at 10% interest per year, compounded…

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Q: What initial investment is required to produce a maturing amount of $15 000 in 60 months ' time…

A: From the given data, Maturing amount (A)=$15,000 Time (T)= 60 months = 5 years Compounded annually ,…

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Q: If Jackson deposited $400 at the end of each month in the saving account earing interest at the rate…

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Q: How much should be invested in an account paying 9% compounded daily for it to accumulate to $5,000…

A: How much should be invested in an account paying 9% compounded daily for it toaccumulate to $5,000…

Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

A: Consider the formula for compound interest: F=P1+rnnt

Q: How much monthly deposit must be made for 5 years and 5 month in order to acccumulate $120,000 at…

A:

Q: Solve the following problems on compound interest. 2. Jenny is planning to deposit P17,000.00 Quezon…

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Q: b. Suppose you as a businessman leave an initial amount of $600 in a savings account at an annual…

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Q: How much should Shane have in a savings account that is earning 2.50% compounded monthly, if she…

A: Given information Regular withdraw d=$1,900 Interest rate r=2.50% ⇒r=2.50100=0.025 Number of…

Q: Find the interest rate needed for an investment of $3,000 to triple in 11 years if interest is…

A: To find the interest rate we use compound interest formula A=p1+rnnt where p is the amount invested…

Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

A: Compound interest formula:

Q: When I was considering what to do with the $15,000 proceeds from my sale of technology stock, my…

A: Given: The half of the amount of $15000 invested at a rate of 8.5% per year and other half is…

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: van wants to put some money into an investment fund that has paid, on average, 13.2% per ar,…

A: Given query is to find the investment amount so that the future value will be 10000

Q: Suppose Kylie has an account that will grow to $423,000.00 in 22 years. It grows at 4.9% annual…

A: We have to find the additional monthly contribution to meet the goal.