In how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded per year?

Q: How much must be deposited today into the following account in order to have a $150,000 college fund…

A:

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

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

A:

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 5…

A: From the provided information is  Present value=Amount*(1+rate)-period  PV=3000*(1+(0.066))-6*5…

Q: Q#1.  If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

A:

Q: 5. Sarah deposited $800 in an account that earns 2% interest compounded annually. Claire deposited…

A: Compound interest

Q: Josiah invested $7,800 in an account paying an interest rate of 8 7/8% compounded continuously.…

A:

Q: A corporation creates a sinking fund in order to have $880,000 to replace some machinery in 9 years.…

A: By formula…

Q: 12. If you deposit $500 in a savings account that earns 4% interest, how much will you have after 10…

A:

Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

A: We will find out the required value.

Q: 6) How much does Leo need to invest each quarter in order to have a total of $500,000 in 25 years at…

A:

Q: What present value P amounts to $280,000 if it is invested at 5%, compounded semiannually, for 19…

A: We have to find the present value (P).

Q: FlybynightSavings.com is offering a savings account that pays 31% compounded continuously. How much…

A:

Q: 3. If $15,000 is invested at 3% compounded quarterly, what is the amount after 7 years? A = 15000…

A: Given that $15000 is invested at 3% compounded quarterly. Find the amount after 7 years.       The…

Q: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A:

Q: Evan has $4,600 to deposit into two savings accounts. • Evan will deposit $2,000 into Account I,…

A:

Q: $20,000 is invested at 4.8% p.a. interest compounded quarterly. Find the value of this investment…

A: Here, we are going to solve only the first question and for the remaining question post the question…

Q: 51. If you need $30,000 in your bank account in 7 years, to the nearest dollar, how much must you…

A: Let P be the principal amount.Given,

Q: 3) If interest is compounded semi-annually, which expression represents the account balance in t…

A: Compound interest earned on an amount P at an annual rate of interest r  for a tenure of t years is…

Q: A passbook savings account has a rate of 9%. Find the effective annual​ yield, rounded to the…

A: Given: Interest rate, r =9%=0.09 The formula used for effective annual yield (Y): Y=1+rnn-1 Now,…

Q: When a particular amount of money P, called the principal, is invested at the interest rate r and is…

A:

Q: If 1800 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: To find the future value of the investment compounded annually, substitute 1800 for P, 0.05 for r, 1…

Q: If $20,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value…

A: Given,

Q: An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ... How much…

A: Answering An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ...…

Q: How long will it take $2,000 to grow to $20,000 if it is invested at 7% compounded monthly?  ___…

A: This question can be solved using the formula for amount after t years when interest is compounded…

Q: If value of $100 at end of 1 year is $110.00 given that the interest rate is 10% per annum,  the…

A:

Q: 5.) How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A: We need to calculate the amount.

Q: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A: Here the given  Principle amount P=$20,000 And the interest rate r=2%=0.02 and n=number of…

Q: If $10,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value…

A:

Q: You wish to have $15,500 in 11 years. How much should you invest now at 7% interest, compounded…

A: Here we will use the formula of compound interest to solve this problem

Q: These additional prob problems involving compound 1. How much should your m quarterly if she needs…

A: Solution of all questions

Q: 7. How much more would $5,000 earn in ten years, compounded daily at 6%, when compared to the…

A: Consider the provided question, First find the Amount(B) when Principal(P)= $5000 time (t) = 10…

Q: If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A: Principal amount, P = $10,000 Rate of interest, r = 2%                              = 2100  = 0.02…

Q: A passbook savings account has a rate of 10%. Find the effective annual​ yield, rounded to the…

A:

Q: How much will you need to save per month to have $200,000 after 12 years, if your account earns 5%…

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

Q: If $300 is invested at a rate of 6% per year and is compounded quarterly, how much will the…

A:

Q: 5. A man has a loan of 50,000 in a bank that gives 12% simple interest. If he plans to pay after…

A:

Q: How much must be deposited at the beginning of each year in an account that pays 4%, compounded…

A: First we calculate for ends of 1st and 2nd year then find a general formula.

Q: How much money should be invested in an account that earns 9% interest, compounded quarterly, in…

A:

Q: How much money would you need to deposit today at 9% compounded quarterly to have OMR 12,157 after 6…

A: OMR 7127

Q: fund

A: Given that: The initial amount is $1,000 simple interest rate is 5% and it take for it to grow to…

Q: When a particular amount of money P, called the principal, is invested at the interest rate r and is…

A: Given interest is compounded annually, therefore n=1

Q: Suppose $2500 is invested at an annual percentage rate of 3.25% compounded quarterlyper year. A)…

A: The amount after 2 years is given by  A=P1+r100nt where r is the rate of interest and t is the time…

Q: What present value P amounts to $290,000 if it is invested at 7%, compounded semiannually, for 10…

A: A=P1+rnntP is the amount investedr is the rateA is the amount after t years

Q: 11 An amount of $18,000 is borrowed for 12 years at 8% interest, compounded annually. If the loan is…

A:

Q: f $1000 is invested in an account earning 3% compounded monthly, how long will it take the account…

A: The amount obtained by investing an amount of $P in an account that gives an interest of r%…

Q: Question i: Kim is needing $3000 for a trip. she can make an investment that offers an interst rate…

A:

Q: the yearly 2. How much will be in an account after 10 years if it is compounded 4 times per year,…

A: The principal amount is $100, compounded 4 times per year, the yearly interest rate 3%