If you invest $3,500 in an account that pays 2.5% interest rate for 4 years. What is your account balance? 7. If the interest compounded monthly? A) $3786.70 B) $3867.70 C) $3687.90 D) $3768.90 8. If the interest compounded continuously? A) $3886.10 B) $3688.10 C) $3868.10 D) $3786.10

Q: 2) Use the situation to answer the question. How much money would Manny have if he invested $1,200…

A:

Q: How much money should be invested in an account that earns 6% interest, compounded quarterly, in…

A:

Q: How much is $1000 worth at the end of 2 years, if the interest rate of 5% is compounded daily?…

A: We have to find the total amount.

Q: How long will it take for an initial investment of $ 133000 to reach a balance of \$1,000,000 ,…

A:

Q: 4. If a principal of P dollars is borrowed for a period of t years at a per annum interest rate r,…

A:

Q: snip

A: If a principal of P dollars is borrowed for a periodof t years at a per annum interest rate r,…

Q: A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments…

A: you can clearly understand if you follow the below solution

Q: A mutual fund has an average annual rate of return of 14.5 % . The investment company charges 3 %…

A: The formula for the compound interest is Pt=P0(1+r)t whereP0=initial value ($4000 i.e.…

Q: A personal account earmarked as a retirement supplement contains $242,100, Suppose $200,000 is used…

A:

Q: A debt of RM8,000 will mature in four years'time. Find: (a) the present value of this debt (b) the…

A: Given that a debt of RM8,000 will mature in four years' time.

Q: If u make an investment of $5000 and the investment earns an annual interest rate of 2.1%, how much…

A: The simple interest SI on a sum of P at R rate of interest for T years is expressed as SI=P×R×T100…

Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

A:

Q: 1. If P15,000 is deposited in an account that pays 5% compounded annually, how much will be in the…

A: 1. Given that, ₽15,000 is deposited in an account that pays 5% compounded annually. We have, P =…

Q: If a deposit is made for OMR 4,500 at 5% interest compounded half yearly, how much money would be in…

A: In the question we have to calculate the money after 5 years.

Q: If the interest is compounded quarterly the borrower owes (1+a/4 )^4 at the end of year Where a is…

A: We can answer the question as below

Q: Find the effective rate when the stated rate is 3% and the interest is compounded semiannually. O…

A:

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: Find the effective rate of the interest that is equivalent to an 3% rate compounded monthly. O 1.00…

A:

Q: P1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: We have to find the balance at the end of 17 years.

Q: In order to help pay for college, the grandparents of a child invest $2450 in a bond that pays 15%…

A: Given Principal amount,P=2450 Rate of interest,i=15% Time in years,t=5.5years Number of times…

Q: 3)if a child is given $25,000 at birth and that amount is invested at 9% annual interest, at what…

A:

Q: Find the present value of $10,000 due in 8 years if the interest is 4.8% compounded continuously. O…

A: topic- exponential function

Q: What interest will be earned if $4,800 is invested for 7 years at an annual rate of 12% compounded…

A:

Q: What amount should a person deposit today in a bank investment that pays 1.13% per month compounded…

A: Let the current funds deposited be X. Now expressing the question as an equation  Current…

Q: What is the balance after 1 year in an account containing $1000 that earns a yearly nominal interest…

A: This question can be solved using the concept of compound interest.

Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

A:

Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

A:

Q: How much money should be invested at a rate 2% compounded semi-annually to produce a future value of…

A:

Q: If you need $50,000 five years from now, what is the minimum amount of money you need to deposit…

A: Let I have to deposit $P  Final amount=A=50000 Time=t=5 years Interest rate=3%=0.03   a) Number of…

Q: A college wants to provide students with a perpetual scholarship of $3,000 at the end of every…

A:

Q: 13. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

A: Principal : 50,000 Interest amount : 10,000 Rate = 4%=0.04

Q: Manually calculate the compound interest on an investment of $7,500 at 6% interest, compounded…

A:

Q: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

Q: 1) Suppose a credit card borrower has a debt of $4000 with an interest rate of 24%. Assume the…

A: Formula for the compound interest is given by,

Q: 17. If $8,000 is invested at an annual interest rate of 1.83%, compounded daily, what will the…

A: Primary value = 8000 Interest rate =1.83% compounded daily t=10 years  We have to investment worth…

Q: 1. Suppose £5000 is invested for five years. Calculate the amount accumulated at the end of five…

A: As per the guidelines i had solved the first questions kindly post another questions separately.

Q: If a principal of P dollars is borrowed for a period of t years at a per annum interest rate r,…

A: We know, If a principal of P dollars is borrowed for a period of t years at a per annum interest…

Q: A certain loan program offers an interest rate of 8%, compounded continuously. Assuming no payments…

A: Given : rate of interest is 8% compounded continuously  Initial amount of loan is 1300 we need to…

Q: Suppose you invest $1000 on January 1, 2021. What will be the value of your investment after four…

A:

Q: Suppose you deposit $5,000 into an account earning 5% per annum. How many years will it take for…

A:

Q: What principle will amount to $8500 if invested at 3% compounded monthly for 11 years? The Principle…

A:

Q: Answer the following questions about simple interest:(a) If $3000 is invested for 3 years at an…

A: Let simple interest on amount 3000 for 3 year  is S.I therefore Here Pis principle which is given…

Q: How much more is earned by investing $1,500 for 10 years at an interest rate of 5% compounded…

A: When the interest is simple, then the formula used is, A=P(1+rt) , where, A is the final amount, P…

Q: The interest earned if OMR 250 is invested at a rate of 10% compounded semi- annually for 5 years is…

A:

Q: 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

A:

Q: A sum of $3,000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

A: using compound interest formula and  log properties to solve this

Q: The effective rate of the interest that is equivalent to a 4% rate compounded monthly is: O 4.07 % O…

A:

Q: 17. An account with an initial deposit of $ 6,500 earns 7.2% annual interest, compounded annually.…

A:

Q: If the interest is compounded quarterly the borrower owes (1+a/4 )^4 at the end of year Where a is…

A:

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.