If $18,000 is invested at 6% compounded monthly, what is the amount after 5 years?

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

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Q: Robin, who is self-employed, contributes $5,500/year into a Keogh account. How much will he have in…

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Q: A newborn child receives a $5,000 gift towards a college education from her grandparents. How much…

A: Given that  A newborn child receives a $5,000 gift towards a college education from her…

Q: If I have an account of $9,000 compounded at 6%, what is my balance at the end of one year? At the…

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Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

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Q: If an amount of money Pin pesos is invested at r percent compounded annually, it will grow to an…

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Q: (a) If $1000 is invested at 5% compounded monthly, howmuch is there after 8 months?(b) If you want…

A: Given:         Amout of compound interest is given by,A=P1+rnntWhere,A= amount, P= initial amount,r=…

Q: Isaiah is going to invest $94,000 and leave it in an account for 16 years.Assuming the interest is…

A: Isaiah is going to invest $94,000 and leave it in an account for 16 years. The interest is…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: As the prize in a contest, you are offered $30,000 now or $58,800 in 9 years. If the money can be…

A: Given     investment=$30000 Time (t)=9yeays Rate (r)=7% Here compound annually so  A1=P(1+r/100)^t…

Q: If the parents in part e invested $10,000 in an account paying 8%, compounded quarterly, how much…

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Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: You can afford monthly deposit of only $150 into an account that pays 8.5% compounded monthly. How…

A: Let n be the number of periods (months) Periodic payment = 150  Future value = 7000  Rate of…

Q: The adult children of a college professor are endowing a scholarship fund in their father’s name.…

A: Given that, Present value = P = $1000 Interest rate = r = 6% = 0.06 Time = n = 3years

Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

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Q: If $11,000 is invested at 6% compounded quarterly, what is the amount after 4 years?

A: Please find attachment for the details solution

Q: If you invest $150 each month into an account earning 3% compounded monthly, how long will it take…

A: Here the required formula is given by,                                 A=d1+rnnt-1rn           ...…

Q: If you have ​$50,000 in a bank account that is paying an interest rate of 9 percent that is being…

A: Given information P=$50,000 Rate of interest r=9% ⇒r=9100=0.09 A=2P=$100,000 n=compounded annually=1…

Q: How long will it take for ₱65,000 to Amount to ₱98,400 if compounded quarterly at 10.24% interest?

A: Compound interest formula A=P1+rnnt where A is accumulated amount P is principal amount r is rate of…

Q: If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be…

A: Given : $2300 is invested at 12% interest, compounded daily

Q: What amount must be invested now to have $12,000 after 3 years if money is worth 6% compounded…

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Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

A: The value of r compounded monthly , r=4% compounded monthly=412%  Number of months in each quarter =…

Q: A couple needs $34,454.04 as a down payment for a home. If they invested the $11,000.00 they have at…

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Q: How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly?…

A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

A: Given that ,principal amount that investedP=$25,000the rate of interest r=5%=5100=0.05time in…

Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: Robin wishes to accumulate a sum of $450,000 in a retirement account by the time of her retirement…

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Q: If P20.000.00 is invested at 10% compounded quarterly, when will the amount of investment be…

A: Given : Amount 20,000 compounded quarterly  And interest rate (r) = 10% To find : Time when these…

Q: venture promises a 7% annual interest rate compounded once a year. For how many years should Roger…

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Q: A person needs $15 000 for a down payment on a car. If the person invests $10 000 at 9% interest,…

A: Given  A=15000 P=10000 r=9%=0.09

Q: Approximately how much money would Manny have if he invested $1,200 at an interest rate of 5% for 7…

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Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A: Given: Principle amount (P)= $1,000,000 Rate of interest r=12% Time period= 20 years

Q: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…

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Q: A recent graduates student loans total is 15,000. If these are at 4.6%, compounded quarterly for 8…

A: Given that  A recent graduates student loans total is 15,000. If these are at 4.6%, compounded…

Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

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Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: To what amount will $10,000 grow after 25 years if it earns: a) 4% compounded annually?   b) 4%…

A: Want to find:  The amount after 25 years  if $10,000 is invested  and interest rate is : a) 4%…

Q: Dylan invested $700 in an account paying an interest rate of 1 % compounded quarterly. Sebastian…

A: Given: Dylan:Invested amount=$700Interest rate=134%Number of conversions=compounded…

Q: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: John wants to have $40,000 in cash four years from now in order to pay for part of his mortgage on…

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Q: If a bank pays 18% compounded monthly, how much should be deposited now to have $2000 : a) 6 years…

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Q: The buyer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money is 8%…

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Q: At the time of her​ grandson's birth, a grandmother deposits $1000 in an account that pays 5%…

A: The deposit is $1000, compounded monthly is 5%. The value of the account at the​ child's…

Q: A young, investing-savvy artist plans to retire in 30 years and is planning to save $1,000 every…

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Q: How much should Shane have in a savings account that is earning 2.50% compounded monthly, if she…

A: Given information Regular withdraw d=$1,900 Interest rate r=2.50% ⇒r=2.50100=0.025 Number of…

Q: you want to retire with $1,500,000 in 40 years and can earn a rate of 10.8% with monthly…

A: We can find pmt using Excel .

Q: If saving account awards interest of 3 percent per year compounded semiannually, what amount must…

A: In case of interest compoundedly semiannual Rate = annual rate/2 Time = 2* annual time Hence rate=…

Q: Farid placed RM5,000 in a bank account for six years. The bank offered an interest rate of 6%…

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Q: When he was 12, Brian put $250 into a savings account with a 2.5% annual interest rate. Now that he…

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