How much more would you earn in the first investment than in the second investment?   ​$47,000 invested for 30 years at 12​% compounded annually   OR   ​$47,000 invested for 30 years at 6​% compounded monthly

Q: How much would you have in your account with a starting balance of $700 at 5 1/2% compounded monthly…

A: If you deposit $700 into an account paying 5.5% annual interest compounded monthly , how much money…

Q: An amount of $42,000 is borrowed for 10 years at 5% interest, compounded annually. If the loan is…

A: The amount to be paid back  is computed using the formula,

Q: You can invest your money at a rate of 6.5% compounded weekly. How much money will you have after 10…

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Q: Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate…

A: Given: Principal amount = $5000 Final Amount = $7700 Interest rate = 5.5% Compounded Quaterly.…

Q: In its first 10 years a mutual fund produced an average annual return of 21.46​%. Assume that money…

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Q: How long (in years) will it take to triple your money if it is invested in a certificate of deposit…

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Q: What amount should be deposited today at 4.56% compounded monthly in order to have $5,000 in 3 years

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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: Jane Adele deposits $400 in an account at the beginning of each 3-month period for 10 years. If the…

A: Given that, Jane deposits $400 in an account at the beginning of each 3-month period for 10 years.…

Q: How much more would you earn in the first investment than in the se $47,000 invested for 40 years at…

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Q: 51. If you need $30,000 in your bank account in 7 years, to the nearest dollar, how much must you…

A: Let P be the principal amount.Given,

Q: An amount of $44,000 is borrowed for 8 years at 4.75% interest, compounded annually. If the loan is…

A: A=P(1+r)t P is the amount borrowed.r is the rate of interest.t is the time.

Q: Find the time required for an investment of 7,000 dollars to grow to 14,000 dollars at an interest…

A: Given: Principal = $7000 Amount = $14000 Interest = 8% compounded monthly Formula used: A=P1+rnnt…

Q: $500 invested at 9​% compounded quarterly after a period of 2 years.  After 2 ​years, the investment…

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Q: How much money must you invest at an interest rate of 6% compounded quarterly in order to have $2000…

A: The compound interest can be calculated by the following formula:  A= final amount = $2000 P =…

Q: How much should you invest each month in order to have $500,000 if your rate of return is 2.3%…

A: Given amount is A=$500,000. Since you have posted a question with multiple sub-parts, we will solve…

Q: How much more would you earn in the first investment than in the second investment? $52,000 invested…

A: topic -  compound interest

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: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 5 years…

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Q: Find the present value of an annuity if $2,500.00 is paid to you at the end of every 2 months for 2…

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Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: A mother is investing $500,000 in a trust fund from which her three children are to receive equal…

A: To find the original amount each child receive

Q: investor bought stock for ​$20,000. Fourteen years​ later, the stock was sold for ​$30,000. If…

A: Given query is to find the rate of interest.

Q: 1. A man invests $10, 000 in an account that pays 8.5% interest per year, compounded quarterly. What…

A: *** As per our guidelines we are supposed to answer only one question at a time. Since you have…

Q: How much should you invest each month in order to have $700,000 if your rate of return is 5.6%…

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Q: How much should you invest each month in order to have $300,000 if your rate of return is 5.5%…

A: Given Data: Future Value =$300,000 Rate of interest =5.5%=0.055 Time t=40 years n=12 Formula: future…

Q: 26. If $100 was invested for 50 years. (a) How much will you have at the end of 50 years if invested…

A: a). Given,

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: ind the interest rate needed for an investment of $7,000 to grow to an amount of $10,500 in 7 years…

A: formula : where, r = interest rate t = time period = 7 years n = number of compound in a year = 4…

Q: A company needs $8,000,000 in 5 years in order to expand their factory. How much should the company…

A: Given amount=$8000000  t=5 years  Rate=6.6%=6.6/100=0.066 Compound weekly means n=52 (weeks) in a…

Q: A company needs $4,600,000 in 11 years in order to expand their factory. How much should the company…

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Q: In how many years will the amount of 10000 triple if invested at an interest rate of 10% compounded…

A: We will find out the required time.

Q: How much money should a company deposit into an account now so that they will have $50,000 in six…

A: here we use the equation of compound interest  amount = P(1 + r/100)n here interest is quarterly so…

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 more would you earn in the first investment than in the second​ investment?   ​$49,000…

A: Given:$49,000 invested for 50 years at 14​% compounded annually   we know that, Compounded…

Q: f $6000 is deposited into an account earning compound interest at an annual interest rate of 3% for…

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Q: An amount of  $21,000  is borrowed for  6  years at  7.5%  interest, compounded annually. If the…

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Q: Finley deposits $1000 in a bank with an interest rate of 8% compounded quarterly. How much would his…

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Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: a)What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to…

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Q: amount of $40,000 is borrowed for 8 years at 5% interest, compounded annually. If the loan is paid…

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Q: P30,000 is invested for a period of 3 years at a rate of 6%, compounded 2 times per year. What will…

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Q: How much money must be deposited in a savings account so that $5500 can be withdrawn 12 years hence,…

A: 1.We need to find how much money must be deposited in a savings account so that $5500 can be…

Q: invest $15,000 at 5.5% interest compounded monthly for 12 years. How much will you have accumulated…

A: Given that there is a investment $15,000 at 5.5% interest compounded monthly for 12 years.

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

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Q: At what interest rate will P120,000 earn P37,800 interest after 3 % years? Discount P9,000 for 9…

A: We need to find interest rate for P120,000 amounting to P37,800 interest after 3.5 years Need to…

Q: How much do you need to invest in an account earning an annual interest rate of 4.336% compounded…

A: The formula of the compound interest is, A=P1+rnnt where  A is the future value of the investment, r…