How much money should be invested in an account that earns 3.25% interest, compounded monthly, in order to have Php300,000 in 10 years?

Q: ABC bank pays interest at the rate of 2% compounded quarterly. How much will have in the bank at the…

A:

Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…

A: The formula to calculate amount to be deposited in the account is shown belowwhere A is the…

Q: How much money should be deposited in an acciunt today that earns simple interest 4% compounded…

A: We are given interest, r = 4%, t = 5 years and the final amount(A) = $10,000. Now, we need to find…

Q: At what nominal annual rate of interest will money double itself in four years, three months if…

A: Let teh present value = PAmount after the given time = ATime, t = 4 years 3 months           = 51…

Q: How long does it take for $29,000 invested at 8.4% annual simple interest to be worth $55,796?

A: First calculate the simple interest than use formula of simple interest and solve for time t.

Q: If $5,000.00 is invested at 8% annual simple interest, how long does it take to be worth $8,200.00.

A:

Q: Find the time required for an investment of Php 5000 to grow to 8700 pesos at an interest rate of…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: A man invests $2000 in an account that pays 8.5% interest per year, compounded quarterly. Find the…

A: Compound interest formula :A=P1+rnntHere, P=$2000r=8.5% = 0.085For compounded quaterly, n=4t=3 years

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 should be deposited in an account today so that earns 7.2% compounded monthly so that it…

A: Given: Amount = $12000 Rate, r = 7.2% = 0.072 Time(in years) = 10    To determine: The amount that…

Q: Jasmine invests $1,712 in a savings account with a fixed annual interest rate of 7.41% compounded 3…

A: follow the next step

Q: Kaya has made deposits of ​$660 at the end of every six months for eight years. If interest is 5​%…

A:

Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: Amelia is going to invest in an account paying an interest rate of 6.5% compounded daily. How mueh…

A: Given interest rate, r = 6.5% = 0.065 Amount, After 5 years, A = $10,200 Time, t = 5 years

Q: A sum of $25,000 is deposited into an account paying 5.4% interest per year, compound daily. What…

A:

Q: What principle will amount to $6000 if invested at 4.5% compounded semi-annually for 19 years? The…

A: Given: A=6000r=4.5%=0.045t=19 yearsn=2 ( compounded semi-annually)

Q: Find the present value of 370,000 php due in 2 years if the money is invested at 7% compounded…

A:

Q: What would $1000 become in a saving account at 3% per year for 3 years when the interest is not…

A: Given that: Principal amount, P = $1000                   Rate of interest, r = 3%…

Q: . Find the accumulated value of P12,000 at the end of 5 years and 5 months at 8% compounded…

A:

Q: How long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at 9.5% per…

A: To find how long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at…

Q: José invested $10,000 at 8% interest that is compounded annually. If no other deposits or…

A:

Q: Sophie invested $420 in an account paying an interest rate of 1.6% compounded monthly. Assuming no…

A:

Q: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

Q: How much money should be deposited today in An account that earns 4.5% compounded monthly so that it…

A:

Q: What amount must be deposited by a 20-year old student in a bank that pays 5% compounded annually so…

A: As A = P(1+r)t where A = final amount  P = Principal Amount  r = interest rate t = time

Q: At what simple interest rate per annum will Php25,000 accumulate to Php33,000 in 5 years? Round off…

A:

Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

A:

Q: If Php 25,000 is invested at an annual interest rate of 12% compound a. annually b. quarterly c.…

A: Given : Investment amount = Php 25000Rate = 12% and time = 2 years

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

A:

Q: If $1000 is invested in an account earing 4% compounded monthly, how long will it take for the…

A: The compound interest formula in exponential form is

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 much money should be deposited in an account paying 6% interest compounded monthly in order to…

A:

Q: Damian invested $880 in an account paying an interest rate of 5.2% compounded annually. Assuming no…

A:

Q: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: How much money should you deposit in a bank so that it will accumulate to ₱100,000 at 1% simple…

A:

Q: A savings account earns 5% interest each year, compounded monthly. If a person invests $300 and…

A: We need to find balance after 3 years.

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

A: for monthly compounding: 2 = (1 + .0625/12)^(12t) ln 2 = ln[(1 + .0625/12)^(12t)] ln 2 = 12t ln (1 +…

Q: how long will it take for the money in an account that us compounded at 8% interest to quadruple

A:

Q: in how many years will it take to 18000 dollars accumulate to 20000 dollars when you deposited in a…

A: We need to find the time taken for a sum of 18000 dollars to accumulate to 20000 dollars.  The rate…

Q: Suppose a savings account pays 6% interest per year, compounded once per year. If the savings…

A:

Q: A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded…

A:

Q: How much money should be invested today to accumulate to $10,000 in 10 years at 4.5% compounded…

A:

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

A:

Q: An investment made 7 years ago has accumulated to Php 32,500. How much was invested originally if…

A: Given that : Time = 15/ 2  annually Rate = 13 % annually Amount = 32500 P = ??  By using the…

Q: How much should be placed in a fund every 3 months in order to have Php350,000 in 4 years if the…

A: The formula for future value of an annuity is defined as, F.V. of Annuity=P1+in-1i where, P=Periodic…

Q: A computer is estimated to cost RM4000 in two years’ time. If Abu wishes to buy it, how much must he…

A: amount required to save now is RM3161.2581 detailed solution is given below

Q: In a certain bank, Angel invested 88,000  in a time deposit that pays 0.5% compounded interest in a…

A:

Q: What amount must be invested in order to have P128 376.52 after 8 years if money is worth 6%…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

Q: What amount will be deposited in a bank at 10% compounded quarterly that will accumulate to P125 000…

A:

Q: Hannah expects to receive Php 200,000 five years from now. How much is the money worth now if the…

A: Given Future amount = A = Php 200,000 Time = t = 5 years Interest rate = r = 10% compounded monthly