How much money should be deposited today in an account that earns 6% compounded semiannually so that it will accumulate to $3000 in 12 years? O $6098.38 O $1490.91 O $1475.80 O $1524.20

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Q: If $3000 is deposited at the end of each half year in an account that earns 6.5% compounded…

A: Given that the annual deposited amount P=$ 3000   Amount of annuity A=$ 130000   Rate of interest…

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A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

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

A: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

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

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A: Compound Interest Formula:A=P1+rnWhere P= Initial amount           r= interest rate per period…

Q: How much money should be deposited today in an account that earns 6% compounded monthly so that it…

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Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

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Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

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A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

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A: Given: Principle amount (P)= $1,000,000 Rate of interest r=12% Time period= 20 years

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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…

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

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

A: Sol

Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

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

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Q: How much money would you need to deposit today at 6% annual interest compounded monthly to have…

A: 6% annual interest compounded monthly to have 1,50,000Php in the account after 5 years

Q: What interest will be earned if $6600 is invested for 7 years at 10% compounded monthly? (Round your…

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Q: How much money should Lisa invest today into a fund that earns interest at 4.25% compounded…

A: This question can be solved using present value of ordinary annuity

Q: How much money should be deposited today in an account that earns 7% compounded semiannually so that…

A: Let $x should be deposited today that earns 7y.Compound semi annually. So that it will accumulate…

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

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Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

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Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

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

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