If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your money? Round your answer to the nearest hundredth.

Q: If money is worth 4% compounded quarterly, how much (in $) would the house have cost if she had paid…

A: Concept: The trigonometric ratio are ratios, sine, cosine, tangent, cosecant, secant and cotangent.…

Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: A recent college graduate moves back in with their parents and invests their entire first-year…

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Q: Tessa invests $5400 in a new savings account which earns 5.2% annual interest, compounded monthly.…

A: P=$5400,  r=5.2%=0.052,  t=8  &  n=12 compounded monthly.

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: Six and a half years ago, Jenna invested $2,500 in a retirement fund that grew at a rate of 6.5% a…

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Q: On the day that Tony was born his grandmother invested $500 in a certificate of deposit that pays a…

A: This question is related to compound interest, We will solve it using given information.

Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: We are given with the interest rate and time duration and the initial payment and we have to find…

Q: an

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Q: Edmond has $6,915 in a savings account that earns 8% interest, compounded annually. To the nearest…

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Q: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded monthly.…

A: Given,         Melanie invests $7600 in a new savings account which earns 4.0% annual interest,…

Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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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…

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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: In order to pay for college, the parents of a child invest $30,000 in a bond that pays 9% interest…

A: Given : P = 30,000 r = 9% = 9/100 = 0.09  t = 19 Semi-annually means  n = 2

Q: Joe invested his $3500 bonus in an account earning 5.5% annual interest that is compounded…

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Q: Kira borrowed $8000 at a rate of 7%, compounded annually. Assuming she makes no payments, how much…

A: kira borrowed $8000 at a rate of 7%, compounded annually.how much money after 7 years.

Q: A couple needs $60,000 as a down payment for a home. If they invest the $45,000 they have at 8%…

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Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

A: Given Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

Q: For her 1st birthday, Ruth's grandparents invested $1200 in an 18-year certificate for her that pays…

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Q: Isabella purchased $20,000 worth of 13-week T-Bills for $19,525. What will be the rate of return on…

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Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

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Q: Jessica would like to have $36,000 to buy a new car in 9 years. To accumulate 36,000 in 9 years, how…

A: We have to find that how much would Jessica need to invest monthly in a sinking fund with 6%…

Q: A recent college graduate moves back in with their parents and invests their entire first year…

A: Given  formula, A=P1+rnnt where, A = the future value of the investment, including interest P = the…

Q: Bo won $10,000 on a scratch-off lottery ticket. In five years, he wants to buy a new bass boat that…

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Q: After how many months will the account be worth $60,000

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Q: How much interest will Roxanne have to pay if she borrows $2000 for 2 yr at a simple interest rate…

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Q: If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest…

A: The compound interest formula is A = P1 + rnnt In the formula, A = Accrued amount (principal +…

Q: What principal would you need to invest at a rate of 7% to earn $150 in 9 months? Round your answer…

A: To find: principal amount

Q: If you want to earn 5% simple interest, how much should you pay for a note that will be worth…

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Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

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Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 4%…

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Q: If you borrow 1800 dollars from a lending agent for 65 weeks and in the end you have to pay 270…

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Q: On Melissa's 6th birthday, she gets a $5000 CD that earns 6% interest, compounded quarterly. If the…

A: The compound interest accrued on a principal amount P, at rate R% after time t years is given as…

Q: For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays…

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Q: A couple needs $60,000 as a down payment for a home. If they invest the $45,000 they have at 4%…

A: Given: The initial investment is $45,000, rate of interest is 4% means 0.04, interest rate is…

Q: At the age of 24, you start depositing $200 each month into an IRA that pays 3.75% interest,…

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Q: interest

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Q: The Smiths bought an apartment for $75,000. Assuming that the value of the apartment will appreciate…

A: Please see the answer in Step 2

Q: Jamal wants to save $46,000 for a down payment on a home. How much will he need to invest in an…

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Q: nora is thinking of investing an amount of P30,000  8.5% compounded annually

A: Given,Present Value, PV=30,000Rate of interest,r=8.5 compounded annuallyTime period, n=2.5 years

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: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: Given: A couple needs $55000 as a down payment foe a home , Therefore, A=55000 is the future value,…

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 8%…

A: From the given statement it is observed that, the investment of $40,000 at 8% compounded quarterly…

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: THE COMPOUND INTEREST FORMULA Compound interest can be calculated using the formula…

Q: A couple needs $45,000 as a down payment for a home. If they invest the $30,000 they have at 8%…

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Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…

A: Principal  =  $5000  Rate  =  10%  =  0.1     Final amount to be paid    =  5000 × ( 1 + (10/100) )3…

Q: Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need…

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