If you want to earn 4% annual simple interest on an investment, how much should you pay for a note that will be worth $16,500 in 10 months? (Round your answer to two decimal places.)

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: You invest $13,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested…

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Q: If you want to earn 2% annual simple interest on an investment, how much should you pay for a note…

A: Given that: Amount A=$15500 Time, t=10 months, Rate of interest, r=2%

Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: Given that, Annual Amount=$31 Annual rate of interest=5.7% r=0.057 Time (T) = 2015-1626 T=389 years…

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: If you want to earn 7% annual simple interest on an investment, how much should you pay for a note…

A: Here in the problem given that              The annual Simple interest rate is r=7%  Rate of the…

Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: Howard needs $6000 for a future project. He can invest $4000 now at a rate of 8.5%, compounded…

A: Given that Howard invest $4000 at rate of 8.5% compounded semiannually. To find the time when amount…

Q: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

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Q: If you leave $5400 in an account earning 4% interest, compounded daily, how much money will be in…

A:

Q: If $3,700 was invested 4 months ago at a simple interest rate of 1.9%, what would be the value of…

A: A $3,700 was invested 4 months ago at a simple interest rate of 1.9%.

Q: How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with…

A:

Q: If you want to earn 2% annual simple interest on an investment, how much should you pay for a note…

A:

Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 6% per year, with yields reinvested…

A: Let P be the principal amount invested in $, r be the rate of interest, t be the time in years and n…

Q: If you want to earn 3% annual simple interest on an investment, how much should you pay for a note…

A: Given: r = 3/100 =0.03 A= 17500 t = 10/12  Note : If the time is given in terms of months, then we…

Q: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

Q: How long will take it for money to quadruple itself if invested at 20% compounded quarterly? 9.5…

A: Compound Interest Formula:A=P1+rnWhere P= Initial amount           r= interest rate per period…

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: What interest will be earned if $6100 is invested for 7 years at 13% compounded monthly? (Round your…

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Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: time period t = 2020-1626 t = 394 years p = $40 compounded quarterly n= 4 Formula of CI: A=P(1+rn)nt

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: How long would it take for an investment to at least double its original amount at 3.62% compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  r=3.62%=0.0362 n=12 for a…

Q: You invest $13,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested…

A: Given that: Yield is being reinvested quarterly, hence its quarterly compounding

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: What interest will be earned if $6100 is invested for 2 years at 11% compounded monthly? (Round your…

A: Follow next step

Q: If you want to earn 3% annual simple interest on an investment, how much should you pay for a note…

A: Given:

Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 3% per year, with yields reinvested…

A:

Q: What rate compounded semi-annually will double any amount principal if it is invested in 13 years?…

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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: If you want to earn 4% annual simple interest on an investment, how much should you pay for a note…

A:

Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 5% per year, with yields reinvested…

A: Present Value = $10,000 r=5%=0.05t=7 yearsn=4  compounded quarterly   Formula used: FV=PV1+rnnt

Q: If you want to earn 3% annual simple interest on an investment, how much should you pay for a note…

A: Investment

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

A:

Q: How long will it take to triple an investment at 4.6 percent per year, compounded quarterly? Round…

A:

Q: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: If you want to earn 2% annual simple interest on an investment, how much should you pay for a note…

A:

Q: How much money would you have to invest today at 6% APR compounded monthly to accumulate the sum of…

A: The amount of money that has to be invested is given by the following formula.

Q: 4. How many years (to the nearest tenth) will it take for a $1500 investment to double with an…

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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: How much money

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Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

A:

Q: If you want to earn 2% annual simple interest on an investment, how much should you pay for a note…

A: Given: Future value, A=$14,500 Annual simple interest, r=2% Time, t=10 months To find: Present…

Q: If you leave $1400 in an account earning 7% interest, compounded daily, how much money will be in…

A: To find the money  in the account after 4 years.

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

A:

Q: How many years would it take for a debt of $22,338 to grow into $41,932 if the annual compound…

A:

Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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Q: How much money should be invested monthly at 7% per year, compounded monthly, in order to have…

A: Solution:Given    FV=$9000, r=0.07  n=12 t=12 months=1 yearTo find :P=?Formula:FV=P 1+rnnt