If you have $3,500 after 8 years on an investment that pays 5.3% compounded weekly, what was the principle amount you started with? Write your final answer out to the second decimal place. A = n = Type out the formula here with the known values: I Answer: P =

Q: You deposit $5000 each year into an account earning 7% annual interest compounded annually. How much…

A: Use formula to calculate

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

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Q: How much money should be invested in an account that earns 9% interest compounded quarterly to yield…

A: Given: FV=$10,000 t=4 yearsr=9%n=4 compounded quarterly Let the money invested is P…

Q: Jaxson is looking to take out a 20-year mortgage from a bank offering an annual interest rate of…

A: from the question, we have the formula       M=Pr(1+r)n(1+r)n-1                  (1) where M is the…

Q: How much would Maggie need to deposit in an account now in order to have $3000 in the account in 5…

A: Use formula of compound interest

Q: If you have $5000,00 to invest a rate of 3.5% compounded monthly, how long would it take to save…

A: Given investment(P) = $5,000.00 interest rate(r) = 3.5% per annum Final amount(A) = $15,000.00 The…

Q: To find the amount A in an account after t years with principal P and an annual interest rate r (in…

A: Given: To find the amount A in an account after t years with principal P and an annual interest rate…

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

A: Compound interest formula is where P is principle amount. A is final amount. r is rate of interest.…

Q: Use the compound interest formula A=P(1+r)' to find the annual interest rate, r, if in 2 years an…

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Q: A loan of $29,000 is made at 8.25% interest, compounded annually. After how many years will the…

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Q: A year-end bonus of $25,000 will generate how much money at the beginning of each month for the next…

A: Given that the year-end bonus is $25,000 that can be invested at 6.15% compounded monthly.

Q: How much time will be needed for $17,000 to grow to $18,778.58 if deposited at 4% compounded kt…

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Q: An account is compounded monthly for 5 years with an APR of 9%. For the principle amount of $15,000.…

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Q: A loan of $1500 is repaid with a check for $1575. If the annual simple interest rate was 6%, what…

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Q: Jessica wants to accumulate $11,000 by the end of 6 years in a special bank account, which she had…

A: Formula for finding the future value of the annuity is as follows. FV=P1+rn-1r P is the periodic…

Q: 37500 dollars is invested at an interest rate of 5 percent per year, find the value of the…

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Q: If you paid $90 to a loan company for the use of $1,252 for 120 days, what annual rate of interest…

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Q: 5

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Q: How much time will be needed for $30,000 to grow to $38,069.57 if deposited at The amount $30,000…

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Q: A loan of $24,000 is made at 3.75% interest, compounded annually. After how many years will the…

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Q: Hamed deposit R.O (? + 130) in a ?% account and compounded quarterly. At the same time Ismail…

A: Given that Hamed deposit R.O (A+130) in a B% account and compounded quarterly Ismail deposit R.O…

Q: How much would you have to invest at 6% yearly interest compounded annually for 35 years to be worth…

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Q: How much would you have to invest at 3% interest compounded annually in order to have $15,000 at the…

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Q: How much money should be invested every quarter at 8% per year, compounded quarterly, in order to…

A: The solution for the above question is as shown below.

Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Compound…

A: The present value is computed using the following formula -  PV = A1+rnnt Where PV = Present value,…

Q: You can invest your money at a rate of 20% compounded daily. How much money will you have after half…

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Q: How much do you need to invest at 3 % interest, compounded quarterly, in order to have $8500 in 10…

A: Given that rate of interest is 3%, the final amount is $8500 and time period is 10 years.

Q: If you want to have a million dollars 31 years from today, how much should you invest in your…

A: The formula for compound interest :   A = P(1+r/n )nt   Where A = Total amount , P = initial…

Q: O $30,000 is invested at 6% interest compounded quarterly, Using the formula A= P(1+)nt determine…

A: A=31500$

Q: The Martin family has decided to save up for a new swimming pool. They want to save $14,000 in four…

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Q: A loan of $23,000 is made at 8% interest, compounded annually. After how many years will the amount…

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Q: Pascal receives a financial gift from his grandparents, which he invests at an interest rate of 5.5%…

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Q: If you invest $1147 compounded annually at 8.5%, how long will it take to double your investment?…

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Q: A loan of $23,000 is made at 5% interest, compounded annually. After how many years will the amount…

A: Proceed as shown below

Q: Carl is planning to deposit $2000 into an account with an APR of 3%. The interest is compounded…

A: (a) For the given values, P = principle amount, r = rate of interest , t = time period and n =…

Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Nominal…

A: Given Compound amount =$13000                                   time= 8 years…

Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Use the formula A = P(1+ )“ to find the total amount of money accumulated for an initial investment…

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Q: Answer the following SHOW YOUR SOLUTIONS  1.  Kimberly invests P50,000 into an account with 4%…

A: Consider the following information: PrincipleP=P50,000Rate of interest(r)=4⁒Time period(t)=20n=1…

Q: A loan of $26,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: A company needs $3,600,000 in order to expand their factory how much should the company invest each…

A: Given, FV=$3600000 r=9.4%/52 n=52×14

Q: A company plans to purchase a new piece of equipment in 24 months. If $4938 is deposited into a…

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Q: Bill needs $10,000 in 8 years. How much should he deposit at the end of each quarter at 8%…

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Q: A year-end bonus of $24,000 will generate how much money at the beginning of each month for the next…

A: The present value of an annuity is given by  Present Value=PMT1−1+i−ni1+i For a year, n = 12. Since…

Q: A year-end bonus of $22,000 will generate how much money at the beginning of each month for the next…

A: The payment that has to be done at the beginning of each period is Annuity. In this problem, the…

Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

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Q: Use the formula A = P(1 + )" to find the total amount of money accumulated for an initial investment…

A: Topic- compound interest

Q: What is the balance in a college fund after 20 years if $5000 was invested at 5% nt compounded…

A: The principle invested is P=$5000. The time period is 20 years. The rate of interest is 5% and it is…

Q: If you have $3,500 after 8 years on an investment that pays 5.3% compounded weekly, what was the…

A:

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

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