Joshua invested $99,000 in an account paying an interest rate of 4÷% compounded continuously. Melanie invested $99,000 in an account paying an interest rate of 4%% compounded quarterly. After 16 years, how much more money would Melanie have in her account than Joshua, to the nearest dollar?

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 sum of $50,000 is invested in a savings account which pays interest at a rate of 9% per year…

A:

Q: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and the…

A:

Q: Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously.…

A:

Q: Jerome will be buying a used car for $15,000 in 3 years. How much money should he ask his parents…

A: Given, Future value  A=$15,000           Interest r=0.05           Time t=3 To find the Present…

Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

A:

Q: Darcy invested $900 in a CD. If the CD grows at a rate of 6% per year compounded annually, when will…

A: Compound interest formula is given by A=P1+rnnt Where A- Future value of investment            P-…

Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Katy has saved money $ 125,000        Invested Money at interest = 4 % per year        Time  =…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: After several years of working, Katy saved $125,000. If she invests that $125,000 in a savings fund…

A: Given: Initial amount = P = 125000 Interest rate = r = 4% = 0.04 Time = t = 15 years To find: Final…

Q: Alyssa invested $180 in an account paying an interest rate of 8 3/8 % compounded annually. Lily…

A:

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: How many months will it take for a $4000 to grow into $5600 if money can earn 6% p.a. compounded…

A:

Q: Oliver invested $970 in an account paying an interest rate of 7 1/2% compounded continuously. Carson…

A:

Q: Sophie invested $170 in an account paying an interest rate of 2% compounded continuously. Wyatt…

A:

Q: Elijah invested $79,000 in an account paying an interest rate of 2;% compounded daily. Landon…

A: Given: Elijah invested $79000 at 11/4% compounded daily for 7 years Landon invested $79000 at 13/4%…

Q: Jocelyn invested $56,000 in an account paying an interest rate compounded continuously. Oliver…

A: JocelynA=P1+R12002Twhere A=amount, P=principal amount, R=rate of intereset and T=time…

Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

A: Formula for simple compound interest where P is principal amount            r is interest rate…

Q: Elizabeth invested $970 in an account paying an interest rate of 62% compounded daily. Matthew…

A: Given problem:- Elizabeth invested $970 in an account paying an interest rate of 65% compounded…

Q: How much would we need to invest at 8.4% compounded monthly to have a total of $170,000 saved in 9…

A:

Q: How long will it take to triple the sum of money invested at 12% compounded monthly?

A:

Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

Q: A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment…

A:

Q: Sophie invested $170 in an account paying an interest rate of 2 % compounded continuously. Wyatt…

A:

Q: How many years will it take for a sum of money to double itself at 7% compound monthly?

A:

Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…

A:

Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How many years will it take…

A: Given:- A principal of $2600 is invested at 4.25% interest, compounded annually. To find:- How many…

Q: If you invest $1147 compounded annually at 8.5%, how long will it take to double your investment?…

A:

Q: How long will it take $5000 to double if it is invested at 20% compounded quarterly?

A:

Q: A principal of  $4800  is invested at  6.75%  interest, compounded annually. How much will the…

A:

Q: A principal of $3000 is invested at 3.25% interest, compounded annually. How much will the…

A:

Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…

A: We have to find the difference between the amount received by Matthew and Peyton.

Q: A principal of $4300 is invested at 5% interest, compounded annually. How many years will it take to…

A: Use formula of compound interest

Q: Jerome will be buying a used car for ​$9,000 in 3 years. How much money should he ask his parents…

A: Use compound interest formula.

Q: A principal of $4400 is invested at 6.25% interest, compounded annually. How much will the…

A:

Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Given Future value =7500 r= 0.085 t=10 years

Q: John wants to buy a new sports car, and he estimates that he'll need to make a $4,550.00 down…

A:

Q: Suppose you have 15,000 to invest. Which of the two rates would yield the larger amount in 2 years:…

A:

Q: An investment of $2000 grows at a rate of 3% per year, compounded quarterly. How long will it take…

A: topic - compound interest

Q: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: A principal of $2000 is invested at 3.5% interest, compounded annually. How much will the investment…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2000 r=3.5%=0.035 t=7 years…

Q: Joshua invested $99,000 in an account paying an interest rate of 4,% compounded continuously.…

A: Given Joshua invested $99,000 in an account paying an interest rate of 412% compounded continously…

Q: Phyllis invested 750 dollars into two different accounts, a portion earning a yearly interest rate…

A: We will use compound interest formula for final value

Q: How long does it take $2000 to double if it is invested at 4.25% interest, compounded continually?

A:

Q: A couple needs $23,335.13 as a down payment for a home. If they invested the $7,000.00 they have at…

A: