If P2, 200 is invested at an annual interest rate of 4 % and compounded quarterly , find her balance after 4 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: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and the…

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

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Q: At the time of her​ grandson's birth, a grandmother deposits $3000 in an account that pays 5%…

A: Given P = $3000r = 5% = 0.05t=21n=12A=P1+rnnt

Q: Lashonda needs  $4500  for a future project. She can invest  $2500  now at an annual rate of  8%…

A: Lashonda needs $4500 for a future project. Hence amount  = A = $4500. She can invest $ 2500. Hence…

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: To start a new business Beth deposits $2500 at the end of each six-month period in an account that…

A: Consider the given:  Given that:Both deposit $2500 = Rr%=6%r=0.06k=2t=9S=Ri1+in−1i=rki=0.062i=0.03

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

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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: Rose has saved $160,000. If she decides to withdraw $2500 at the beginning of each month knowing the…

A: From the given, Amount (A) = $160,000 Principle amount (P) = $2500 Rate = 5% per annum Then R =0.052…

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 $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D) monthly;…

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

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

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: Susan needs $4029 for a future project. She can invest $3000 now at an annual rate of 7%, compounded…

A: GivenFuture value=$4029Premium=$3000Rate=7%=0.07Compound=4We know that A=P(1+r4)4t

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: a wants to have $200,000 to buy a smaller retirement home in 20 years. If they can earn 4.5%…

A: To calculate the amount that Mika should deposit in his account now to have $200,000 in 20 years.…

Q: What amount must be invested in order to have P128 376.52 after 8 years if mone worth 6% compounded…

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Q: Lee needs an investment to increase to $250000 in a 20 year period and he has secured an investment…

A: We have to find principal amount

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: The desired accumulated amount is $60,000after 11 years invested in an account with 2.3% interest…

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

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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 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: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

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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: You buy a car with a down payment of $700 and payments of $400 per month for 3 years. If the…

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Q: If you were to invest $200 at 4% interest compounded annually or each year, what would be your…

A: We shall use formula for compund interest. P= initial amount A = total amount after t years…

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: Jerome will be buying a used car for ​$6,000 in 2 years. How much money should he ask his parents…

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Q: Kevin invested $2,500 in an account paying an interest rate of 2.7% compounded daily. Assuming no…

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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: With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but…

A: Given, P = 25,000 Rate of interest = 4% compounded monthly Time = 1 year To calculate compounded…

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

A: Let it takes t time to get that amount  Use the compound interest formula Since it is compounded…

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: 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: A man living abroad for 2 years wants to buy an ordinary annuity that will provide monthly payments…

A: The parents will receive  $750 each monthover the 2 years his parents receive the money…

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

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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 more or less money would you have to invest today to have $12,000 in 2 years at 3.50%…

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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: Maryam is planning to invest P150,000. Bank A is offering 7.5% compounded semi- annually while Bank…

A: The principal will be equal to 1,50,000 . From bank A , The rate = r               =7.5%…

Q: Ray wants to buy his son a car for his P21st birthday. If Ray’s son is turning 16 today, and…

A: Since Ray wants to buy his son a car for his P21st birthday. Now Ray's son is 16 year old. interest…

Q: At what interest rate will P120,000 earn P37,800 interest after 3 % years? Discount P9,000 for 9…

A: We need to find interest rate for P120,000 amounting to P37,800 interest after 3.5 years Need to…