If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be worth after 5 years?

Q: Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously.…

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Q: How much will have to be invested at the beginning of each year at 6%, compounded annually, to pay…

A: If P is the principal amount invested compounded annually at a rate r for time t years then the…

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: A company needs $8,000,000 in 5 years in order to expand their factory. How much should the company…

A: Solve for investment in each week

Q: What rate of interest compounded annually is required to triple an investment in 11 years? The rate…

A: Recall: Compound interest Formula:                 A=P(1+rn)nt ; where A- Amount after t years…

Q: Trinh invested $3800 at an annual interest rate of 8%, compounded annually. How much will she have…

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Q: If you invest $2,593 compounded annually at 8.5%, how long will it take to double your investment?

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Q: Jocelyn invested $56,000 in an account paying an interest rate compounded continuously. Oliver…

A: JocelynA=P1+R12002Twhere A=amount, P=principal amount, R=rate of intereset and T=time…

Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: How much more would you earn in the first investment than in the se $47,000 invested for 40 years at…

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Q: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

A: Formula for simple compound interest where P is principal amount            r is interest rate…

Q: how long will it take for 16200 to double if it is invested at 5.5% compounded quarterly

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Q: How long will it take to triple the sum of money invested at 12% compounded monthly?

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Q: How long will it take P1000.00 to amount P1,346.00, if invested at 6% compounded quarterly.

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Q: If you invest $2090 compounded annually at 9.2%, how long will it take to double your investment?…

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Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: Given: The future value is $60,000. The time duration is 8 years. The interest rate is 11%…

Q: At what nominal rate, compounded every 2 months, would $7,000.00 have to be invested to amount to…

A: Compound Interest: The formula for the compound interest is given by, Where A is the final Amount,…

Q: How much should be invested now at 6.15% compounded annually to have $35,000 in 16 years?

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Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

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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 company needs $4,000,000 in 6 years in order to expand their factory. How much should the company…

A: Given: a company needs $4,000,000 in 6 years to expand their factory.

Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…

A: We have to find the difference between the amount received by Matthew and Peyton.

Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

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

A: Formula to be used

Q: An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be…

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Q: How much money should be invested monthly at 6% per year, compounded monthly, to have $2000 in 8…

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Q: How much should be invested today in an account earning 6% compounded quarterly, if you need $35,000…

A: A=P(1+(r/n))nt where A = final amount P=initial amount r=interest rate in decimal n=number of…

Q: Suppose $9500 is invested at 6% interest, compounded annually.  Approximately how long will it take…

A: Given Principal =$9500  rate =6% compounded annually Amount = $12,000

Q: Madison is going to invest in an account paying an interest rate of 5.1% compounded quarterly. How…

A: Let the amount invested in the account be P Final value of amount in the account(A) is $310 Number…

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 principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: A principal of $2000 is invested at 3.5% interest, compounded annually. How much will the investment…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2000 r=3.5%=0.035 t=7 years…

Q: How long does it take the amount of money in your wallet to triple if it is invested at 7% interest,…

A: Let initial amount = P So, final amount = A= 3P Interest rate= 7%= 0.07  n= number of times…

Q: Joshua invested $99,000 in an account paying an interest rate of 4÷% compounded continuously.…

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Q: If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would it take to save…

A: The savings obtained by investing an amount P at an interest rate of r % (compounded monthly) for t…

Q: A company needs $5,600,000 in 8 years in order to expand their factory. How much should the company…

A: To find P if the interest compounded weekly, substitute 5600000 for A, 8 for t, 0.08 for r and 52…

Q: if 25,000 is invested at 12%, How much will it be worth after 5 years if it is compounded annually?

A: Remember that, Compound interest (or compounding interest) is the interest on a loan or deposit…

Q: How much money should be invested every quarter at 10% per year, compounded quarterly, to have $5000…

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Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…

A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…

Q: How long does it take $2000 to double if it is invested at 4.25% interest, compounded continually?

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Q: A company needs $4,300,000 in 14 years in order to expand their factory. How much should the company…

A: Future value of investment, FV=$4,300,000 Interest rate per week, r=9.1%52=0.09152=0.00175 No. of…

Q: When he was 12, Brian put $250 into a savings account with a 2.5% annual interest rate. Now that he…

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Q: If $18,000 is invested at 6% compounded monthly, what is the amount after 5 years?

A: Answer to question 1. The principal amount is, P = $18,000. The interest rate is r = 6%. The number…

Q: % interest, compounded annually. After how many years will the amount due reach $44,000

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