If 400 is deposited now in a saving account with an interest of 8%. What will be the amount in the account 8 years from now?

Q: If you deposit $250 each month into an individual retirement account (IRA) that earns 4.8% interest…

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Q: If $2,200 is deposited at the end of each month in an account that earns 6% compounded monthly,…

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Q: Suppose that you had the opportunity of investing 5000$ in a business such that the value of the…

A: Given  that Investing 5000$ in a business increases the value to 6300$ after 5 years.

Q: if jake deposit $5000 at the end of the year for 15 years in an account paying 6% interest…

A: Given: The principal amount is $5000, the time period is 15 years, rate of interest is 6% to find…

Q: What is the future value of a $1000 dollar CD invested at a rate of 4.5% that earned simple interest…

A: Given that: P=initial amount=1000 r=interest rate= 4.5%=0.045 t=number of years= 9  A=annuity=?

Q: Suppose that you borrow $3000.00 from a friend and promise to pay back $6225.00 in 5 years. What…

A: Using formula A=P+T

Q: Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: Suppose you deposit $1000 in a college fund that pays 7.2% interest compound annual. Find the…

Q: If $4000 is deposited into an account paying 3% interest compounded annually and at the same time…

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Q: If you deposit P5,500 in a bank at an annual simple interest rate of 0.5%, how much money will you…

A: Given  Principle(P) = 5500 Rate(R) = 0.5 Time(T) = 12   By the formula SI = PRT100 = 5500×0.5×12100…

Q: If you deposit $300 now in a savings account and increase your deposits by 10% each month, how much…

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Q: Suppose your friend's parents invest $15,000 in an account paying 6% compounded annually. What will…

A: Suppose your friend's parent invests $15,000 in an account paying 6% compounded annually. We have to…

Q: If the present worth of a company is 3000$ with interest rate of 9% for 6 years, the EUAC of the…

A: Given: Present value = $ 3000 Interest rate = 9% Number of periods n = 6 years

Q: Find the final amount of money in an account if $7,100 is deposited at 4.5% interest compounded…

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Q: )If the same two $15,000 deposits are made (at time 0 and end of year 4) into a different account…

A: Principal amount= 15000$ Intrest = 8.4 Compund intrest quarterly.

Q: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: If Shane deposits 5,000 into an account paying 5% annual interest compounded monthly, how long until…

A: From the given information, it is observed that P = $5,000, r = 5%, that is, 0.05, and A = $8,000.…

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

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Q: A mutual fund pays 14% compounded monthly. How much should I invest now so that 5 years from now I…

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Q: If Jean invests $2300 in a retirement account with a 6% interest rate compounded annually, how long…

A: To determine the time required for the investment to accumulate to $ 4150.

Q: If $10,000 is intially deposited in an account and left in there for 20 years, what will be the…

A: We use the formula: A=P(e)^rt Where, A=future value P=present value e=2.71828 t=time period r=rate…

Q: Suppose that you borrow ​$4000.00 from a friend and promise to pay back ​$6580.00 in 3 years. What…

A: Given Principle=P=$4000 Amount after three year =$6580

Q: At what rate of simple interest an amount will double itself on 10 years?

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Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: Find how much money needs to be deposited now into an account to obtain $900 (Future Value) in 9…

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Q: A mutual fund pays 7% compounded monthly. How much should I invest now so that 2 years from now I…

A: fomula A=P(1+rn)nt

Q: If an investment company pays 6.5% compounded semi – annually, how much should you deposit now to…

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Q: Suppose your friend's parents invest $25,000 in an account paying 6% compounded annually. What will…

A: Suppose your friend's parents invest $25,000 in an account paying 6% compounded annually. We have to…

Q: if $1500 is deposited at the end of each quarter in an account that earns 6% compounded quarterly,…

A: Given, Initially deposited amount=$1500 Finial value =$70000 rate or interest=6%=0.06 number of…

Q: If the interest on an account is compounded monthly for 5 years, how many total times will it be…

A: Given that interest is compounded monthly. Then, for one year it is compounded 12 times. Number of…

Q: if $120 double in approximately 11 years, what is the interest rate

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Q: If 5000 dollars is invested in a bank account at an interest rate of 4 percent per year,

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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: What is the future value if $12,000.00 is invested for 4 years at 7% compounded every 4 months? The…

A: A=p(1+r/n)^nt

Q: For the last 12 years, Colin has contributed $110 each month into a retirement savings account. If…

A: Given that n = 12 years d (amount added every month)= $110

Q: An account that yields 6% simple interest annually has $2,000. How much will be in the account after…

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Q: If $2000 is invested at 4% interest compounded quarterly, what is the future value in 7 years ?

A: Initial amount =P= 2000 Time = t = 7 years Interest rate = 4% =0.04 Number of times compounded in a…

Q: If $11,000 is invested at 6% interest compound monthly, find the interest earned in 18 years. The…

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Q: Find the final amount of money in an account if $3,900is deposited at 7.5% interest compounded…

A: Given P=$3900 r=7.5%=0.75 Compounded semi annually that is n=2 Time t=9years Use the formula…

Q: If $500.00 is deposited into a monthly compounded interest account that pays an annual interest rate…

A: The given data is: Present value is PV=$500.00 Future value is FV=$846.88 Annual interest r=4.8% To…

Q: Find the future value of 20000 Rial in 2 years' time if the interest rate is 8% compounded quarterly

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Q: At what interest rate will ₱120,000 earn ₱37,800 interest after 3 ½ years?

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Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

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Q: Find the future value if $7000 is invested for 7 years at 7% compounded annually

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Q: A family is saving up for a house payment. If they deposit $400 each month into an account that pays…

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Q: Mr. Ribiya would like to save 500,000 for his son’s college education. How much should he deposit in…

A: Compound interest formula: P = P0{1+(r/n)}nt ,where P0 = initial principal balance,     P = future…

Q: If $3,300 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

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Q: Suppose that you borrow $4000.00 from a friend and promise to pay back $5720.00 in 2 years what…

A: Note the formula : S.I=P·R·T100 and A=P+S.I where ; P is principal  R is rate of interest per…

Q: Find the future value if $3000 is invested for 5 years at 8% compounded annually.

A: Consider the formula to find the future value FV=PV1+iffn where PV is the present value, i is the…