Jay wants to invest $5,000 in an account with an interest rate of 8.5% that is compounded MONTHLY. Which of the following choices will correctly calculate the amount of money in Jay's accour after 6 years? O A. Amount = 5000e0.085 x 6 O B. Future Value = 0.085x6 xe 5000 OC. - 500( 12x6 Amount = 500ol 1+ 0.085 12 OD. Amount = 500 12 x 6 8.5 1+ 12, O E. Future Value = 5000e8.5 × 6 OF. Amount = 5000×8.5xe

Q: If P dollars are invested for t years at a simple interest rate​ r, the future value of the…

A: follow next step

Q: Five years ago,Austin invested $7000 at an annual interest rate of 6%, compounded quarterly. He now…

A: Five years ago, Austin invested $7000 at an annual interest rate of 6%, compounded quarterly. He now…

Q: Deteimine the future value of which 1o000 2yeals 3 months at was invested for 4% compounded…

A: Here present value ,rate and time are given and we have to find compounded quarterly to find future…

Q: b. Mr. Jasim is planning to buy a house. He wants to invest 309 R.O now and hopes to have double…

A:

Q: f you invest $9,000 in an account that earns an APR of 3% simple interest, what will be the account…

A: for simple interest  P = $ 9000 r = 3% = 0.03 t = 10 years

Q: What is the future value of $12,000 invested in an account that pays 4.25% compounded quarterly for…

A: Need to find feature value of given money with compounded quarterly

Q: Investing The present value that will give a futurevalue S in 3 years with interest compounded…

A: Consider the given information. The present value is $8396.19 and the future value is $10,000.…

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

A:

Q: What is the future value of $2200 invested for nine months at 4.25% compounded semiannually? Select…

A:

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

A:

Q: Suppose you invest $1000 at 10% interest compounded every year. a) how long will it be until your…

A: Given that, P=$1000, A=$3000 and r=0.10.

Q: if $7500 is invested at 12.4% compounded continously, the future value S at any time t (in years) is…

A: a. Consider the given formula, S=7500e0.124t where S is the future value at any time t.  Since in…

Q: c. Suppose that you had the opportunity of investing $5000 in a business such that the value of the…

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

Q: Christian is saving money and plans on making monthly contributions into an account earning an…

A:

Q: Calculate the future value. (Round your answer to two decimal places.) P = $4600, r = 12%…

A: Given, P = $4600,  r = 12% compounded semiannually,  t = 10 years  We know that formula for  future…

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

A:

Q: If $10,000 is invested at 3% per year compounded monthly, the future value S at any time t (in…

A:

Q: If $1600 is invested for x years at 8%, compounded quarterly, the future value that will result is…

A: Explanation of the solution is given below...

Q: If $1000 isinvested for x years at 8% compoundedquarterly, the future value of the investment is…

A: Given data, The amount of $1000 is invested for x number of years at the rate of 8% compounded…

Q: 4. David, who plans to go to university in 4 years, estimates that he will need $40000. He is…

A:

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: Arnie agrees to contribute $2,300 to the road fund at the end of each year for the next 11 years.…

A: First we will find the future value of contribution of Arnie at the end of 11 years: Future value of…

Q: What will a deposit of $4500 at 10% compounded semiannually be worth if left in the bank for six…

A: The given problem is What will a deposit of $4500 at 10% compounded semiannually be worth if left in…

Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

Q: If $1000 isinvested for x years at 8% compoundedquarterly, the future value of the investment is…

A: Given: Number of years (x) = 20 Compound rate = 8% compounded quarterly Future vale (S) =…

Q: If $1600 is invested for x years at 8%, compounded quarterly, the future value that will result is…

A:

Q: What will the final amount be in 1 1/2 year if P8,000 is invested at 9.2% compounded monthly.?

A: Given that : Principle = $8000 Rate = 9.2 % per year = 9.2% / 12 per month Time = 1 (1/2) year = 18…

Q: If I make an initial investment of $10,000 in a period of 2 years, what will be the value of my…

A: Answer=$10407.07

Q: Suppose that you have opened a saving account with an initial deposit of $5,600. The account offers…

A:

Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

A:

Q: $1400 is invested for x years at 8%, compounded quarterly, the future value that will result is…

A:

Q: A1 You hold a short position in an asset with a price of $50 and write a 6-month put (exercise price…

A:

Q: Find the future value of 20000 Rial in 2 years' time if the interest rate is 8% compounded quarterly…

A: We have to find correct option.

Q: Man borrowed $30,000 at a simple interest rate of 12% per year to woman, however Man can only paid…

A:

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

A:

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

A:

Q: If $1200 is invested for x years at 8%, compounded quarterly, the future value that will result is…

A:

Q: A principal of 5500 OMR is invested for 3 years. Find the interest rate required to produce a future…

A: The given principle is 5500 OMR and the future value is 6300 OMR. The time period is 3 years and the…

Q: Nancy wants to invest $4000 in saving certificates that bear an interest rate of 9.75% per year,…

A: Given: Nancy wants to invest $4000 in saving certificates that bear an invest rateof 9.75% per year,…

Q: At the end of t​ years, the future value of an investment of ​$40,000 at 7​%, compounded​ annually,…

A: I am going to solve the given problem by using some simple algebra to get the required result.

Q: 2. If Karen makes an initial deposit of $200000 into a fund, which offers and annual interest rate…

A: Given:  P=$200000r=6%n=4t=10 years…

Q: At the end of T years, the future value an an investment of $44,500 in an account that pays 6%…

A: P=$44500 and the future value is more than $109,207. Now the future value is,…

Q: At what nominal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

A:

Q: 1. If Adam invests $100000 in a retirement account with a 5% interest rate compounded annually, how…

A: Adam invests $100000 in a retirement account with a 5% interest rate compounded annually, how long…

Q: Ray wants to buy his son a car for his P21st birthday. If Ray’s son is turning 16 today, and…

A: Since Ray wants to buy his son a car for his P21st birthday. Now Ray's son is 16 year old. interest…

Q: 7. If you invest $3200 at 3.5% compounded monthly how much will you have at the end of 4 years?

A:

Q: If $1600 is invested for x years at 8%, compounded quarterly, the future value that will result is…

A:

Q: If you invest $1,000 at 10% interest compounded every year. a)  How long will it be until your…

A:

Q: At what interest rate will P120,000 earn P37,800 interest after 3 % years? Discount P9,000 for 9…

A: We need to find interest rate for P120,000 amounting to P37,800 interest after 3.5 years Need to…