How much money should be deposited today in an account that earns 8% compounded monthly so that it will accumulate to 13,000 in three years ? round up to the nearest cent

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: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

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Q: An initial deposit of $10,000 earns 1.5% interest and is left in the account for 10 years. How much…

A: It is given that, an initial deposit of $10,000 earns 1.5% interest and is left in the account for…

Q: If $11,000 is invested at 3% compounded monthly, what is the amount after 5 years? The amount after…

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Q: How much compound interest will Sue earn by investing $20,000 at 4.1% p.a. over a four year period,…

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Q: How much money should you put in a savings account now that earns 3.0% a year compounded weekly if…

A: Given: Final amount= $80,000. time period t= 15 years. Interest applied weekly.(n=52)

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

A: In this question, concept of Compound Interest is applied. Compound Interest Compound interest is…

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: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

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Q: How much (in dollars) is needed in an account that earns 10.8% compounded monthly to withdraw $1,000…

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Q: How much money should be deposited today in an account that earns 3% compounded semiannually so that…

A: A=P1+rnntwhere   A = Final amount P= deposited amount r= interest rate n= no. of ompounding period

Q: How much would you have to pay into an account at the beginning of every 3 months to accumulate…

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Q: Find the present value of $51,673 due in 4 years at an interest rate of 6%/year compounded…

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

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Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

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Q: How much (in dollars) is needed in an account that earns 9.6% compounded monthly to withdraw $1,000…

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

A: If an amount P is deposited today in an account that earns interest rate r per compounding period,…

Q: If $8,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A: Given that, P = $8000 r = 0.03 n= 4 t = 5 years The formula for calculating the compound interest…

Q: How much do you need to invest in an account earning an annual interest rate of 4.064% compounded…

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Q: What interest will be earned if $6500 is invested for 8 years at 13% compounded monthly? (Round your…

A: The given principal value P = $6500 The given time t = 8 years = 12*8 = 96 months  Interest rate =…

Q: 2. How long will it take$5000 to grow to $20,000 if the investment earns interest at the rate of 6%…

A: Given data,  Initial amount (P) = $5000 Final amount (A) = $20000 Interest rate (r) = 6% = 0.06…

Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

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Q: Chase invested $39,000 in an account paying an interest rate of 3.2% compounded daily. Assuming no…

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Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data  Investment P=1000  interest rate r=3.5% =0.035  Compounded daily=n=365  Value of the…

Q: A 40-year-old consulting engineer wants to set up a retirement fund to be used starting at age 65.…

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Q: Find the amount that results from the given investment. $700 invested at 3% compounded quarterly…

A: If P is investment amount, ris rate as a decimal, n is number of compoundings per year and t is time…

Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years…

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Q: An investment has grown from $15,000 to $17,684.23 in 3 years, compounding monthly. What was the…

A: We have to calculate interest rate

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: How much money should Bryan invest today into a fund that earns interest at 5.75% compounded…

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Q: Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.…

A: Given: P=$1000r=0.85%=0.0085n=1t=4 Use the formula: A=P1+rnnt

Q: How much money must you invest today at 8% compounded quarterly so that your investment will be…

A: Future Value:  F.V. = $ 500,000 Interest Rate:  8% Time Period: 30 years

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 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.…

Q: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: What present value amounts to $20,000 if it is invested for 15 years at 6% compounded…

A: Compound interest: Formula :  A=P1+rnnt where ; A is the amount . P is the principal or invested…

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…

Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

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Q: Find how much money should be deposited in a bank paying interest at the rate of 5.5%/year…

A: We have given Accumulated amount, A = $40,000 Interest rate, r = 5.5% = 0.055 Time period, t = 8…

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

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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: What present value P amounts to 290,000 if it is invested at 6% compounded semiannually for 12…

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Q: 4. Find out how many months it will take for 1000 taka to grow to 20000. Given 6% annual interest…

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

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Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: Find the amount that results from the given investment. $500 invested at 4% compounded quarterly…

A: Formula used:Future value formula

Q: Find the amount that results from the given investment. $600 invested at 8% compounded quarterly…

A: Formula used:The future value formula: