Jeffrey invested the profit of his business in an investment fund that was earning 3.50% compounded monthly. In 3 years, he began withdrawing $5,000 from this fund every 6 months. If the money in the fund lasted for the next 7 years, how much money did he initially invest in the fund? 2$

Q: Brent Pickett borrowed ​$5000 from his brother Dave. He agreed to repay the money at the end of 2…

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Q: Timothy invests $5,000 at 17% interest compounded daily for three years.How much does he have in the…

A: topic- compound interest

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

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Q: You deposit $400 in an account earnings 3% interest compounded annually. How much will you have in…

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Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…

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Q: Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested…

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Q: Jeremy invested his savings in a bank at 5.00% compounded monthly. How much money did he invest to…

A: Solve the above question.

Q: You deposit $5,000 in a savings account that earns 6% simple interest per year. How many years will…

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Q: Sara borrowed 25,500 to purchase a new car .if the rate on the loan is 8%compounded quarterly , how…

A: Given Information -  Amount borrowed by Sara = 25,500 Rate of interest = 8% Time period of loan = 5…

Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…

A:

Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

A: total amount to be paid after 8 years = $135046.5623   explanation is given below

Q: George puts his bonus of $4,200 into an account earning 7.5% compounded monthly.  How long will it…

A: Given: Initial amount = 4200 rate of interest = 7.5 monthly Final amount  = 5000 Now, we need to…

Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: Bill baxer has $24000 to invest for a year. He can lend it to his sister who agreed to pay 10%…

A: Solution is given below:

Q: brittany made equal deposits at the beginning of every 3 months into an RRSP. At the end of 7 years,…

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Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

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Q: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

A:

Q: Ms. Cruz borrowed P50, 000 and repaid it 5 years later. If money earns interest at16% compounded…

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Q: Paul has $2,400 in a savings account earning 3.4% simple interest. How much more interest would he…

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Q: Brent borrowed ​$2000 from his brother Dave. He agreed to repay the money at the end of 4 ​years,…

A: Principal amount is $2000.Rate of interest (quarterly) r is 1.75%/4.The number of times compounded…

Q: How much will you have in an account after 25 years if you put $1900 per month in the account earns…

A: Amount after t years on investing Principal amount of $P in an account with R% of rate of interest…

Q: Abigail invested $77,000 in an account paying an interest rate of 8% compounded annually. Gavin…

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Q: You deposit $3000 each year into an account earning 4% interest compounded annually. How much will…

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Q: You deposit $4000 each year into an account earning 6% interest

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Q: A recent high school graduate received ​$600 in gifts of cash from friends and relatives. In​…

A: We will find how much money he will be getting after 36 months as following .

Q: Reginald invests $250 of his salary into an investment every month into an investment that earns him…

A: Reginald invests $250 per month for a period of 10 years. The annual interest rate is 6.3%

Q: For her first birthday, Ruth's grandparents invested $800 in an 18 year certificate for her that…

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Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

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Q: A recent college graduate received $25,000 as a gift from her grandparents. How much will this…

A:

Q: Duncan opened a savings account and deposited $200.00 as principal. The account earns 7% interest,…

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Q: Laura saves ​$27 at the end of each week and deposits the money in an account paying 9%…

A:

Q: A recent high school graduate received ​$900 in gifts of cash from friends and relatives. In​…

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Q: loan of $12,000 is made at 6% interest, compounded annually. After how many years will the amount…

A:

Q: A youth sports league receives a ​$30,000 donation for building a new snack bar and office building.…

A: A=P1+rnntFor quarterly, n=4

Q: Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how…

A: Compound interest

Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

A: Olivia decides to buy the furniture on credit with 9.5% interest compounded quarterly. she spend…

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: You deposit $300 in an account earning 7% interest compounded annually. How much will you have in…

A:

Q: Bill invests $7,500 in an account with 7.2% interest that is compounded twice a year. How much is in…

A: The formula for the amount for the compound interest is given by formula is given by  A=P1+rnnt…

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

Q: Rhoda would like to have P60,000 in her account by the end of three years. How much should she…

A: A=60000, t=3,  r=12%=0.12, n=4.

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

Q: Noman would like to have $50,000 in 16 years to give to his son to help pay for his university…

A: As per the given condition the person wants to make his money goes up to $50000 in 16 years, if the…

Q: Shayla deposited $6,000 into an account earning 5% interest per year, compounded every 6 months. She…

A: Please check step 2 for the solution.!

Q: Farid placed RM5,000 in a bank account for six years. The bank offered an interest rate of 6%…

A:

Q: You deposit $200 in an account earning 4% interest compounded annually. How much will you have in…

A:

Q: Ruben invested $1500 per year in an IRA each year for 6 years earning 5% compounded annually. At the…

A: Here, given that Ruben invested $1500 per year in an IRA each year for 6 years earning 5% compounded…

Q: Sally has a sum of $20000 that she invests at 11% compounded monthly. What equal monthly payments…

A: Solution