If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest quarterly, how much would that account be worth in 300 years?

Q: An amount of $43,000 is borrowed for 6 years at 6.5% interest, compounded annually. If the loan is…

A: Interest is compounded annually, therefore n=1

Q: An amount of $23,000 is borrowed for 14 years at 6.75% Interest, compounded annually. If the loan is…

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Q: Mr. Gordon plans to invest $200 at the end of each month in an account that pays 9%, compounded…

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Q: monthly

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Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: You invested $9,000 at the end of each quarter for 8 years in an investment fund. If the balance in…

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Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: If $12000 had been invested in a certain investment fund on September 30,2008, it would have been…

A: compounded interest formula A=P(1+rn)nt A=53625.75 P=12000 r=? t=10 years n=1 (compounded annually)…

Q: Isaiah is going to invest $94,000 and leave it in an account for 16 years.Assuming the interest is…

A: Isaiah is going to invest $94,000 and leave it in an account for 16 years. The interest is…

Q: An amount of $29,000 is borrowed for 15 years at 8.25% interest, compounded annually. If the loan is…

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Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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Q: Beck would like to be a millionaire in 35 years. How much would she need to invest quarterly in a…

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Q: If you deposit $300 each quarter into an account earning 3.2% compounded quarterly, how many years…

A: The future value (FV) of an annuity A with interest rate per period of r, over n periods is given…

Q: If you need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

Q: An amount of $43,000 is borrowed for 7 years at 5% interest, compounded annually. If the loan is…

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Q: If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be…

A: Given : $2300 is invested at 12% interest, compounded daily

Q: If $1300 is deposited in a savings account paying 9% interest, compounded quarterly, how long will…

A: Use the formula for compound interest A=P((1+(r/n))^(nt)) A=the amount in the account after t years…

Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded…

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Q: If you invested $10,000 at 9% interest, compounded quarterly, then how much would this investment be…

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Q: An investment of 10,000 yields 8% interest compounded quarterly. What will be the accumulated…

A: Given    present value= 10000 interest rate=8% compounded quarterly

Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

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Q: If you borrowed $200,000 to buy a house at 6% interest per year, compounded monthlyand paid back the…

A: Time =t= 30 years Compounded monthly , so n=number of times compounded in a year= 12interest rate =…

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A: To determine the cumulative amount accrued by the investment under the given terms.

Q: If $3500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Lets use the final value formula, FV=P{[1 + R]N - 1/ R}=FV OF $1 PER PERIOD. Given, FV = 60,000 P =…

Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…

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Q: An investment of $5,650 is made in an account compounded quarterly at 5.1%. How much will the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

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Q: If you invest $7,000 in an account paying 3% interest compounded quarterly: how much will be in the…

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Q: A year-end bonus of $27,000 will generate how much money at the beginning of each month for the next…

A: An annuity is an investment put in a certain amount of money each year or each month. there are two…

Q: In order to have P1 million in a fund at the end of 15 years. how much must be deposited in the fund…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: How much will an investment of $5,000 be worth in 8 years if it earns 2.2% in annual interest…

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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: How much did Speedy Movers borrow for a debt that accumulated to $56,036.80 in five years? The…

A: We need to find the amount that Speedy Movers borrow for a debt that accumulated to $ 56036.80 in…

Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

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Q: How much can be paid in scholarships at the end of each year if $200 000 is deposited in a trust…

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Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: Shawn invested $130 at the end of every month into an RRSP for 13 years. If the RRSP was growing at…

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Q: If it takes 12 years and 5 months to double your money (compounded quarterly), how long would it…

A: To determine the time t it will take for the investment to double.

Q: If $2500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: The amount $2500 is deposited at the end of each quarter in an account that earns 5%…

Q: Suppose you deposit $4000 in a CD paying 5% interest, compounded monthly. How much will you have in…

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Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

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Q: A loan of $47,000 is made at 6.75% interest, compounded annually. After how many years will the…

A: The principal amount of loan is $47000. The rate of interest per year is 6.75%. The amount with…

Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

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Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

A: Follow the procedure given below.

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: How much money should I save in an account paying 5% interest compounded monthly if I want to have…

A: This question can be solve by using formula F=P1+rt Here' F=Future amount P=present amount r=rate of…

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years

Q: You deposit $2000 each year into an account earning 7% interest compounded annually. How much will…

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