investment

Q: At age 25, Jesus deposited $2000 each year into an annuity. His annuity paid 8.5% interest. He…

A: Given: Principal amount = $2000 Interest rate = 8.5 %  i.e., r = 0.085 Time period in years n =…

Q: Suppose you invest $190 a month for 5 years into an account earning 8% compounded monthly. After 5…

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Q: Investment If an investment at 7% simple interesthas a future value of $5888 in 12 years, what is…

A: Given that if an investment at 7% simple interest has a future value of $5888 in 12 years. To find…

Q: $12,000 is invested for 3 years at an annual simple interest rate of 15%. (a) How much interest…

A: (a) Consider the formula for the simple interest is, SI=PRT Then, SI=12000151003=$5400 Thus, the…

Q: Margaret can finance the purchase o Plan A: 10%/a simple interest for Plan B: 5%/a compounded quarte

A: In this question, the concept of compound interest is applied. Compound Interest  Compound interest…

Q: $20,000 is invested for 9 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

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

Q: 30,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest will…

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Q: You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the investment…

A: To find- You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the…

Q: Kylie is thinking of investing an amount of P250, 000.00 at 5% compounded annually for 2 years. Find…

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Q: Grandparents plan to open an account on their grandchild's birthday and contribute each month until…

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Q: You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in…

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Q: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

Q: 7. Dusty won $125,000 on the Who Wants to be a Zillionaire? game show. He decides to place the money…

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Q: $10,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest will…

A: Using the formula for simple interest we can find solution for a and add with this simple interest…

Q: You want to buy a new car. You can afford payments of $450 per month and can borrow the money at an…

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Q: Activity Activity 1: What's my future? Directions: Read the problem carefully and then write your…

A: By bartleby rules, only first question has been answered In order to save for her high school…

Q: The graph below shows future value of a $100 investment earning a 6% interest rate. Based on the…

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Q: If you invest $2,000 today in savings account at an interest rate of 12%, compounded annually for 7…

A: Given that, Principal =p=$2000 Rate of interest =r=12% time=n=7 years The formula for compound…

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

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Q: An investment pays simple interest, and doubles in 13 years. What is the interest rate? Answer =

A: Formula for simple interest is :  I = P×R×T where ,   P = Principal  Amount  R = Annual rate of…

Q: $10000 is invested for 6 years at an annual simple interest rate of 16% a)How much interest will be…

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Q: $10,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest…

A: It is given that,$10,000 is invested for 9 months at an annual simple interest rate of 2%. we have…

Q: $30,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A: Given  Amount invested = $30000 rate = 3% per annum time = 6 months

Q: You deposit $200 in an account earning 7% interest compounded annually. How much will you have in…

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Q: a) Find the future value of an annuity when the páyment is P13,750 quarterly, the interest is 6.5%…

A: Given Quarterly payment= 13750 Interest = 6.5% Terms 6 years

Q: engineering econ question By the condition of a will, the sum of P 2,000 is left to a girl to be…

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Q: $20,000 is invested for 6 months at an annual simple interest rate of 2%. (a) How much interest…

A: Given that: Money inveted, P=$20000Time period, t=6 months=12 yearRate of interest, r=2%

Q: r to start a small business a student takes out a simple interest loan for $7000 for 6months at the…

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Q: At the end of each quarter, David deposits $300 into a savings account that earns 3.92% interest…

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Q: Investments historically have doubled every 9 years. If you start with a $2,000 investment, how much…

A: Here we solve the exponential growth of investment.

Q: Use the formula for the value of an annuity to solve:To save money for a sabbatical to earn a…

A: The initial deposit is $2000 The rate of interest is 7.5%

Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

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Q: 14,000 is invested for 3 years at an annual simple interest rate of 16%. (a) How much interest will…

A: a) Consider the given data, Principal, P=14000Rate, R=16%Time, T=3 year The Simple Interest will be…

Q: What is the balance after 2 years on a CD with an initial investment of $2,600.00 and a 3.2%…

A: Given problem Given that   We have to find the balance after 2 years on a CD with an initial…

Q: $10,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: Parents wish to have $130,000 available for a child's education. If the child is now 3 years old,…

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Q: Parents wish to have $100,000 available for a child's education. If the child is now 6 years old,…

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Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

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Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

A: We can find the amount using the formula for compound interest as below

Q: You deposit $5000 in an account earning 2% interest compounded monthly. How much will you have in…

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Q: A bank features a savings account that has an annual percentage rate of 5 % with interest compounded…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Given Information -  Present value (PV) = $150 Rate of interest (R) = 634% = 274% Time period (T) =…

Q: Latanya Brown established an ordinary annuity of ​$1,000 annually at 9​% annual interest. What is…

A: We can use this formula to calculate the future value, Fututre value, FV = P×1+in-1i

Q: At what simple interest rate will a sum of money triple itself in 15 years? A 13.33% B 3.33% 6.67%…

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Q: You deposit $2000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given:    A = 2000    t = 10   r = 5% = 5/100 = 0.05  Compound Monthly : n = 12

Q: In order to start a small business, a student takes out a simple interest loan for $6000.00 for 6…

A: Introduction: Simple interest is calculated by multiplying the daily interest on the principal by…

Q: In order to start a small business, a student takes out a simple interest loan for $6000.00 for 9…

A: As we know that that the expression for the simple interest is given by: SI=P×r×t100 The future…