If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (а) 3 years $ (b) 4 years $ (с) 12 years $

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A: Given, initial balance = Principal = p = 5000 time period = t years rate of interest = r =  5% per…

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Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

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Q: An investment of $3,700.00 earns 19.7% annual interest, compounded continuously. If no funds are…

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Q: 8000 dollars is invested in a bank account at an interest rate of 7 percent per year, compounded…

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Q: An investment of $89,800.00 earns 12% annual interest, compounded continuously. If no funds are…

A: We will compute the future value as following.

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A: Initial amount of investment is $225 per month

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Q: )  Eight thousand dollars has to be invested for 10 years.  For each option below, calculate  the…

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Q: If 1800 dollars is invested in an account for 10 years. Find the value of the investment at the end…

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Q: 3000 dollars is invested in a bank account at an interest rate of 10 percent per year, compounded…

A: Let t be the number of years after which the two accounts will have the same balance.

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A: (a)  To find the principal amount with given data:

Q: For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000.…

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Q: An investment of $23,400.00 earns 11% annual interest, compounded continuously. If no funds are…

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Q: Muzun Deposits OMR 18,000 in saving account which pays 8% interest compounded quarterly. How much…

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Q: As the prize in a contest, you are offered $29,000 now or $40,800 in 7 years. If the money can be…

A: Given that Money offered now=$29000 Money offered after 7 years=$40, 800 To find Which prize will be…

Q: A couple received a $126,000 inheritance the year they turned 49 and invested it in a fund that…

A: Formula used:- The formula for the present value of a annuity is given by A=P1−1+i−ni1+i−k...….(1)…

Q: What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is…

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Q: years

A: Compounded quarterly, i.e. 4 times every year,    Investment  =  $1400  Rate  =  3.75%  =  0.0375…

Q: 3) $10,000 is invested at 6% for 8 years. Find the amount of interest earned if interest is…

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Q: Ben initially deposited PhP500,000 in a bank that offers an interest rate of 5% compounded annually.…

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Q: H] Example: If an amount of $5000 is invested at 3% compounded quarterly, what is the amount after 3…

A: The objective of the question is determine the amount after the given year end .

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A: Given: Time : 0 , 1 , 2 , 3  Amount : 500000, 525000, 551250, 578812.5

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Q: Suppose you are depositing an amount today in an account that earns 6.25% interest, compounded…

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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: A couple took out a 5-year $30,000 loan to pay for for their wedding. After 5 years, the loan…

A: Let's Solve,

Q: A retiree is paid $1500 per month by an annuity. If the income is invested in an account that earns…

A: Give data- Payment per period (PMT) = $1500 Rate (r) = 6% Time (t) = 10 years we have to find the…

Q: A bank account has an initial deposit of $20,000. After 4 years, the bank account has $31,000.…

A: Initial deposit = principal = P = $20,000 Amount A = $31,000 Rate of Interest = r % per annum…

Q: A couple received a $123,000 inheritance the year they turned 49 and invested it in a fund that…

A: Given that, an inheritance of $123,000 is received by a couple after they turned 49, and invested it…

Q: 7000 dollars is invested in a bank account at an interest rate of 6 percent per year, compounded…

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Q: A couple received a $127,000 inheritance the year they turned 48 and invested it in a fund that…

A: According to the question: Given that: Present value (P) = $ 127,000  Time (t) = 14 years= 28 years…

Q: An investment of $98,200.00 earns 14.1% annual interest, compounded continuously. If no funds are…

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Q: An emplyee wants to invest 60,000 in a pension plan. One investment offers 4% compounded quarterly.…

A: We have to find total of 60000 investment at 4% compounded quarterly for 4 years. P=60000, r=4%=…