Laura invests $9175.00 at a rate of 7.30% per annum, compounded annually. Over a period of 3 years, how much more money would Laura earn if the investment was compounded monthly instead? (7 marks)

Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

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Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: Mary's saving account has a balance of $7254. After 12 years at a rate of 4.2% compounded…

A: Note -  Acc. to Bartleby guidelines, we are supposed to do only one question. If you want more to be…

Q: You deposit $3000 in an account earning 5% interest compounded monthly.  How much will you have in…

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Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: You would like to have $900,000 when you retire in 40 years. How much should you invest each quarter…

A: Given:Amount after 40 years, A =$900,000                                 Rate, r =4.5%=0.045…

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: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

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Q: Charley’s credit card APR is 28.95% compounded daily. What is her actual interest rate per year?

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Q: Jasmine invests $1,712 in a savings account with a fixed annual interest rate of 7.41% compounded 3…

A: follow the next step

Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

A: You are depositing $550 per month You deposits a total of 40 years.

Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

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Q: Monique invested $46,900 in a mutual fund at 4% compounded annually. After 4 years, the interest…

A: Here we have to find out the value after 4 and additional 7 years

Q: You would like to have $17,000 in your savings account in 18 years. If your savings account pays…

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Q: Lydia invests $1000 in an account that pays 5.25% compounded daily. Gabrielle invests the same…

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Q: Lee puts $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10…

A: Given, Principal amount, P = $10,000 Rate of interest, r = 7%  Time, t = 10 years We know, Interest,…

Q: B. Zoe made a fixed deposit of Php 100 000. After 2 years she got an amount of Php 144 000…

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Q: You deposit $3000 in an account earning 4% interest compounded monthly. How much will you have in…

A: The formula of compounded interest is P'=P1+rnnt where P= original principal sum P'=new principal…

Q: January, Joanna deposited $250 into her savings account. In February, she deposited an additional…

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Q: Sally makes deposits into a retirement account every year from the age of 30 until she retires at…

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Q: On Melissa 6th birthday, she gets a $6000 CD that earns 6% interest, compounded quarterly. If the CD…

A: Given data: Melissa on her 6th birthday gets a P=$6000. The rate of interest she earns r=6%=0.06…

Q: Inderjot invests $2500 in a bond that pays 4.5% per year, compounded monthly, for a period of 8…

A: Inderjot invests $2500 in a bond that pays 4.5% per year compounded monthly for a period of 8 years…

Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in…

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Q: Maria borrowed P10,000 with an interest rate of 12% compounded quarterly which he borrowed from a…

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Q: compounded

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Q: Jeffrey invested the profit of his business in an investment fund that was earning 3.50% compounded…

A: Given that Jeffrey invested the profit of his business in an investment fund that was earning 3.50%…

Q: You deposit $400 in an account earning 7% interest compounded annually. How much will you have in…

A: Given  Principal P=400 Rate of interest r=7% year t=10 number of compounded n=1 we know that…

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

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Q: teach

A: Given, A teacher saves P5,000 every 6 months in the bank that pays 0.25% compounded monthly.

Q: 4. When Sarah was 7 years old, her parents invested $10 000 for her in a plan that earns 5 % per…

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Q: You deposit $3200 in a bank with annual interest rate of 3.5% compounded annually. What would you…

A: The deposit is $3200, interest rate is 3.5% compounded annually. The balance amount be 5 years later…

Q: Hui invested an amount of $22,000.00 in a mutual fund. After 2 years and 6 months the accumulated…

A: Here we find the interest rate.

Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

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Q: Sam begins saving for a down payment on a house using an investment account. The account earns…

A: Let's find.

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The amount $4000 deposit in an account with rate of interest 5.1%, compounded monthly for 7…

Q: You deposit $3000 in an account earning 6% interest compounded monthly. How much will you have in…

A: Given  Principal = $3000 rate = 6% compounded monthly  time = 5 years

Q: ack invested $7,100 in an account paying an interest rate of 3% compounded ontinuously. Henry…

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

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Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in…

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Q: Accumulate $18,000 for 8 years at 6% compounded quarterly. What will be the compound amount after…

A: # considering that year as 8 years  the principal amount invested $18,000 time = 8 years rate of…

Q: aul's mother saved P5000 at the end of every six months in an educational plan that earns 6% per…

A: Initial deposited  —@ end of each six month=5000Rs. deposit…

Q: You deposited P75,500 into a savings account that pays 4% compounded annually in interest. Your…

A: You deposit P75,500 into a saving account that pays 4% compounded annually in interest. Your friend…

Q: Goofus waits until he is 35 years old to start saving.

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Q: when you retire in 15 years. If you can earn 3%

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Q: Maya has savings of $50,000. She invests in a bond mutual fund that pays 4% interest each year.…

A: Given that  Maya investing her savings $50,000 in a bond mutual fund. Interest per annum = 4% = 0.04…

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: Delfina would like to save $450 at the end of every three months for the next 6 years in a savings…

A: a Here, interest is compounded annually. Amount is deposited every 3 months. Hence, deposited amount…

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

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Q: You put $4000 in a bank account earning 3% compounded monthly. To the nearest penny, how much is it…

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