if john invests $10,000 in an account that pays annual interest of 4% compounded continuously, then how much will he have after 10 years

Q: A couple just had a baby. How much should they invest now at 5.7​% compounded daily in order to have…

A: Solution:-   Given that a couple just had a baby          They want to have $ 45000 for the…

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: small town has 3000 people, but began to grow at a rate of 2.4% compounded continuously for seven…

A: Given- Population of small town=3000 people That is , Principal(P)=3000 rate(r)=2.4%=0.024 Time(t)=7…

Q: 5. Betty invests $5700 at 4.25 % annual interest compounded semi- annually for 3 years, and $6000 at…

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Q: you invest $7,500 in an account paying 8.35% compounded continuously, how much money will be in the…

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Q: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

Q: After several years of working, Katy has saved $125,000. If she invest that $125,000 in savings fund…

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Q: If the bank advertises its rate as 6.2% compounded monthly, and another bank advertises its rate as…

A: Given:  Bank A gives the rate of interest at 6.2% compounded monthly. Bank B gives the rate of…

Q: If $4000 is deposited at the end of each half year in an account that earns 6.7% compounded…

A: According to the given information it is required to find the number of half years it will take so…

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: Gallant invests starting at age 25 until he retires at age 65. If he invests $2400 each yearat 9.6%…

A: J

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: An investment of $10,000 compounded continuously for 30 years at 10% will be worth.

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

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Q: An Investment of $10,000 yields 8% interest compounded quarterly. What will be the accumulated…

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Q: Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is…

A: The principal amount Evelyn is going to invest is:  $3,500 Time period:  t = 16 years Interest is…

Q: Recently, a certain bank offered a 10​-year CD that earns 2.78​% compounded continuously.   Use the…

A: Given  If $40,000 is invested in this​ CD, how much will it be worth in 10 year  we will evaluate as…

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: f $5000 is deposited at the end of each half year in an account that earns 6.2% compounded…

A: answer is in next step

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: How much should be invested now at 5.4% compounded annually to have $26,000 in 13 years

A: Given  How much should be invested now at 5.4% compounded annually to have $26,000 in 13 years

Q: If I invest $25,000 in a savings account which has a 5.75% interest rate and is compounded…

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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: $3500 is deposited at the end of each quarter in an account that earns 4% compounded quarterly,…

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Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

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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: What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a…

A: Let S be the sum deposited . and Let A be the compound  amount i.e. A=$50,000 Now t=6 years It is…

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: 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: How many years are required for an investment to double in value if it is appreciating at the rate…

A: How many years are required for an investment to double in value if it is appreciating at the rate…

Q: How much should be invested now at 7.45% compounded semiannually to have $39,000 in 20 years?

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Q: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

A: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

Q: If you have an investment of $1000 that grows at a rate of 6%, compounded annually, how much will it…

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Q: Suppose you have 15,000 to invest. Which of the two rates would yield the larger amount in 2 years:…

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Q: How many years are required for P1,000.00 to increase to P2,000.00 if invested at 9% per year…

A: Solved below

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: If you invest $10,000 at 7.125% interest compounded daily, how long will it take for you to…

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

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: If $1500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Consider the formula for future value for annuity: F=P1+rn+1r Where,

Q: How much do you have to invest at 2.4% interest compounded quarterly if you need to have $300,000…

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Q: Jerome will be buying a used car for ​$8,000 in 3 years. How much money should he ask his parents…

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Q: If you put $900 in the bank at 5% annual interest for 10 years compounded semiannually, how much…

A: Determine the accumulated amount if $900 is deposited in the bank at 5% annual interest for 10 years…

Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

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Q: d. If the same account and interest were compounded continuously, how much money would the account…

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Q: ompounded continuously. Sarah invested $8,400 in an account paying an interest rate of 4 1/8%…

A: Answer and explanation is given below...