If 7000 dollars is invested in a bank account at an interest rate o 4 per cent per year, Find the amount in the bank after 6 years if interest is compounded annually: Find the amount in the bank after 6 years if interest is compounded quarterly: Find the amount in the bank after 6 years if interest is compounded monthly:

Q: Find the amount, if P10,500 is deposited at 5% annual interest for 4 years, compounded month

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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: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

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A: Given query is to find future value of $ 26000 with interest 4% compounded quarterly.

Q: How long will it take to save $13,000 by making deposits of $100 at the end of every month into an…

A: Given that        F = future value = $13000      PMT = Periodic payment= $100       r = rate of…

Q: Find the final amount of money in an account if $1, 300 is deposited at 4 % interest compounded…

A: When the interest is compounded, then the formula used is   , where, A is the final amount, P is the…

Q: Find out how long it takes a $2,800 investment to double if it is invested at 9% compounded…

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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: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: Determine the total value of the investment after 4 years if $3800 is invested at 7.9% compounded…

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Q: Find the balance if $14000 is invested in an account paying 6.5% interest compounded continuously…

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Q: If 6000 dollars is invested in a bank account at an interest rate of 10 percent per year, Find the…

A: The compound interest formula A=P1 + rnnt Where, A = Amount after compounding period P = Principal…

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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Q: The accumulated value of $4000 invested for 6 years at 7% compounded quarterly is

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Q: Use the compound interest formula to compute the total amount accumulated and the interest earned.…

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Q: Find the value of $10,000 at the end of one year if it is invested in an account that has an…

A: Given query is to find the values of invested amount after one year for different compoundings.

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Q: Use the compound interest formula to compute the total amount accumulated and the interest earned.…

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Q: compounded

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Q: Use the compound interest formula to determine the accumulated balance after the stated period $2000…

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Q: Find the time required for an investment of 5000 dollars to grow to 7800 dollars at an interest rate…

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Q: 8000$ is invested in an account that yeilds 6% interest per year. After howmany years will the…

A: Let after x years the account will be worth  $13709.60

Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

A: Given problem:- Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is…

Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

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Q: Enpa A loạn of $46,000 is made at 4.5% interest, compounded annually. After how many years will the…

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Q: If you invest $1000 at 4.5% compounded monthly, how lomg will it take the account to get to $5000?…

A: Given that If you invest $1000 at 4.5% compounded monthly, how long will it take the account to get…

Q: Find the final amount of money in an account if $4,900 is deposited at 3% interest compounded…

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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: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

Q: Suppose that $11,000 is invested in a savings account paying 5.5% interest per year. Write the…

A: The solution is given below in the next step:

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Q: Find the present value that will grow to $2,000 if the annual interest rate is 8.5% compounded…

A: To find the present value which will grow to $2000, with the annual interest rate is 8.5% compounded…

Q: Find the final amount of money in an account if $1, 900 is deposited at 2 % interest compounded…

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Q: Find the amount at the end of 5 years and 6 months if P8,000 is invested at 29% compounded…

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Q: $20,000 invested for 14 years compounded at 8% semiannually results in how many compounding periods…

A: Given principle amount(p) = $20000 Interest rate(r) = 8% = 0.08 Compounded semiannully(n) = 2 Time…

Q: Find the balance if $24000 is invested in an account paying 7 % interest compounded semi-annually…

A: Given that: Principal=$24000 Rate of interest=7% semi anually and time=8 years

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

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Q: Find the amount that results from each investment. $700 invested at 6% compounded daily after a…

A: Given: Find the amount that results from each investment.$700 invested at 6% compounded daily after…

Q: Find the final amount of money in an account if $5, 700 is deposited at 2 % interest compounded…

A: Given: Principal amount P=5700  rate of interest r=2% =0.02 per 3 months            As interest is…

Q: A 15% compounded semi-annually has an equivalent rate of 2.0878%, how many times does it pay every…

A: Given information Equivalent rate=2.0878% And 15% compounded semi-annually. We know that, for…

Q: Suppose $25,000 is invested in an account that pays 8% compounded yearly. (a) find the value of the…

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Q: If 7000 dollars is invested in a bank account at an interest rate of 4 percent per year, Find the…

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Q: Find the present value that will grow to $23,000 if interest is 8% compounded quarterly for 17…

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Q: If $100 is invested at 8% compounded monthly what is the amount after 6 years? how much interest is…

A: amount = P (1+r/n)nt Interest = amount - Principal

Q: Find the final amount of money in an account if $4, 900 is deposited at 6 % interest compounded…

A: Use the formula for the compound interest to calculate the final amount P. P=$4900r=6%=0.06n=4…

Q: % interest, compounded annually. After how many years will the amount due reach $44,000

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