Isaiah is going to invest $94,000 and leave it in an account for 16 years.Assuming the interest is compounded daily,what interest rate,to the nearest tenth of a percent,would be required in order for Isaiah to end up with $273,000?

Q: Samuel is going to invest $1,700 and leave it in an account for 16 years. Assuming the interest is…

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Q: Gabriel invested $17,000 in an account paying an interest rate of 3% compounded annually. Assuming…

A: It is compound interest problem for calculating time period.

Q: A company needs $7,000,000 in 10 years in order to expand their factory. How much should the company…

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Q: Jackson invested $81,000 in an account paying an interest rate of 6,% compounded monthly. Angel…

A: for both Jackson and Angel , P is $81,000. now Time is 16 years. for Jackson Rate, r is 6.5% which…

Q: Samuel is going to invest $4,900 and leave it in an account for 14 years. Assuming the interest is…

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Q: Regina wants to have$280,000 in 20 years to buy a vacation home. To reach this amount, how much…

A: Consider the given information. The total amount after 20 years is $280,000. The total number of…

Q: If you have $5000,00 to invest a rate of 3.5% compounded monthly, how long would it take to save…

A: Given investment(P) = $5,000.00 interest rate(r) = 3.5% per annum Final amount(A) = $15,000.00 The…

Q: To start a new business Beth deposits $2500 at the end of each six-month period in an account that…

A: Consider the given:  Given that:Both deposit $2500 = Rr%=6%r=0.06k=2t=9S=Ri1+in−1i=rki=0.062i=0.03

Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12%…

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Q: How much should she set aside now

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Q: Lily is going to invest $750 and leave it in an account for 18 years. Assuming the interest is…

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Q: How many years are required for your money to triple if it is invested at 9% compounded? a. annually…

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Q: How much money will be in your account three years after the previous deposit? If you make six…

A: The given data is: P=$2000 r=10%t=3 years Given that compounded semi-annually, therefore Interest…

Q: Oliver is going to invest $2,500 and leave it in an account for 18 years. Assuming the interest is…

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Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

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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: Sophia is going to invest $7,900 and leave it in an account for 6 years. Assuming the interest is…

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Q: · A local car wash charges $3 per wash, or one can pay $12.98 for 5 washes, payable in advance with…

A: 5) A local car wash charges $3 per wash. One can pay $12.98 for 5 washes which are payable in…

Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

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Q: For items 1-2.Mrs. Gina Robles invested 100, 000.00 in a cooperative that offers 3% rate compounded…

A: Principal amount = 100000

Q: An investment fund pays 5% per year, compounded semi-annually, on all money invested. How much must…

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Q: A newborn child receives a $20,000 gift toward a college education from her grandparents. How much…

A: Given that  A baby recives 20000 Interest rate is 7% for 17 years  To find the amount will receive…

Q: Matilda and Horace open a retirement account with $120,000. How many years will it take for the…

A: Find the time taken for the amount $120,000 to grow to $800,000 if it grows at a rate of 4.5%…

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: Robin wishes to accumulate a sum of $450,000 in a retirement account by the time of her retirement…

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Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

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Q: Laurie has $2,500 in an investment account. What annually compounded interest rate would she need to…

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Q: If Juanita invests $1500 in a retire-ment account that earns 8% compounded annually, how long will…

A: Given:Juanita invests $1500 in a retirement account the earns 8% compounded annually, and the amount…

Q: venture promises a 7% annual interest rate compounded once a year. For how many years should Roger…

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Q: If you invest $3000 at 5% compounded quarterly, how long will it take the account to double in time?…

A: P=3000,  r=5%=0.05,  n=4

Q: After how many months will the account be worth $60,000

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Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

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Q: Kayla is going to invest in an account paying an interest rate of 2.9% compounded monthly. How much…

A: We know the compound interest formula:A=P1+rnntwhere A= Total amount         P=Principle amount…

Q: How much money should John invest today into a fund that earns interest at 3.50% compounded…

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Q: A newborn child receives a $7,000 gift toward a college education from her granparents. How much the…

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Q: Ariana is going to invest in an account paying an interest rate of 3.7% compounded monthly. How much…

A: r=3.7%  A=$25000 t=14 years  n=12 (compounded monthly)

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: 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: Riley invested $5,100 in an account paying an interest rate of 7-% compounded quarterly. Ryan…

A: Use the formula A=P1+rnnt. Where P is the principle amount, r is the rate of interest, n is number…

Q: Lydia is going to invest $210 and leave it in an account for 17 years. Assuming the interest is…

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Q: John wants to have $40,000 in cash four years from now in order to pay for part of his mortgage on…

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Q: Find how much Sally would have to invest now at 6.25% compounded quarterly in order to have $15,000…

A: This question is based on compound interest.

Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: What annual interest rate would allow Karen to double her investment if it is compounded quarterly…

A: The compound interest formula for an initial amount P deposited for a time period of t at a rate of…

Q: Morgan is going to invest $8,200 and leave it in an account for 10 years. Assuming the interest is…

A: A=$16500 P=$8200 t=10 years n=12 (compounded monthly) We have to found intrest rate

Q: After graduating with a master's degree, Naomi combined all of her student loans into a single loan…

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Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: Given: A couple needs $55000 as a down payment foe a home , Therefore, A=55000 is the future value,…

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: A company needs $4,400,000 in 13 years in order to expand their factory. How much should the company…

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

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