Lydia is going to invest $210 and leave it in an account for 17 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order for Lydia to end up with $330?

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

A:

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

A:

Q: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

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

A:

Q: Nolan invested $5,300 in an account paying an interest rate of 3.8% compounded annually. Assuming no…

A: The formula for the compound interest is: A=Pert Given that P=5300, A=6880 and r=3.8%  =3.8100…

Q: A company needs $8,000,000 in 5 years in order to expand their factory. How much should the company…

A: Solve for investment in each week

Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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 deposit $1, 000 twice a year for 30 years into an account that is compounded…

A:

Q: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

A:

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

A:

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

A:

Q: Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is…

A:

Q: Mason is going to invest in an account paying an interest rate of 5.3% compounded quarterly. How…

A:

Q: Jeremiah invested $70,000 in an account paying an interest rate of 6.8% compounded daily. Assuming…

A: A=$99000  P=$ 70000 r=6.8%=0.068 n=365 ( compounded daily)

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: Anthony is going to invest in an account paying an interest rate of 4.6% compounded monthly. How…

A:

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: Adrian invested $7,200 in an account paying an interest rate of 3.1% compounded monthly. Assuming no…

A: P=$7,200,  r=3.1%=0.031,  A=$12,110,  n=12

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: If Amy needs $15,000 in years 6 for a down payment on a home how much should be invested today at…

A:

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

A:

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: 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: Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. Assuming no…

A: Formula: The compound interest formula is given by, FV=PV1+rnnt Given: FV=$79,200, PV=$47,000, r=4%,…

Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A:

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: An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be…

A:

Q: If the present value of my investment is $1,000 and the rate of interest is 10% compounded annually,…

A: From the given information, present value of my investment is $1,000 that is P = 1000, the rate of…

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: If John invests $2300 in a savings account witha 6% interest rate compounded annually, how long will…

A: To find the no of years

Q: Claire invested $2,400 in an account paying an interest rate of 3.5% compounded monthly. Assuming no…

A:

Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

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: 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 you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would it take to save…

A: The savings obtained by investing an amount P at an interest rate of r % (compounded monthly) for t…

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: A company needs $5,600,000 in 8 years in order to expand their factory. How much should the company…

A: To find P if the interest compounded weekly, substitute 5600000 for A, 8 for t, 0.08 for r and 52…

Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

A:

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: How much should Shane have in a savings account that is earning 2.50% compounded monthly, if she…

A: Given information Regular withdraw d=$1,900 Interest rate r=2.50% ⇒r=2.50100=0.025 Number 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: Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no…

A: Given:  Sarah invested $3800 in an account paying an interest rate of 3.6% compounded daily.  To…

Q: If saving account awards interest of 3 percent per year compounded semiannually, what amount must…

A: In case of interest compoundedly semiannual Rate = annual rate/2 Time = 2* annual time Hence rate=…

Q: If you were to invest $400 at 3% interest compounded annually or each year, what would be your…

A:

Q: A company needs $4,300,000 in 14 years in order to expand their factory. How much should the company…

A: Future value of investment, FV=$4,300,000 Interest rate per week, r=9.1%52=0.09152=0.00175 No. of…

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

A:

Q: When he was 12, Brian put $250 into a savings account with a 2.5% annual interest rate. Now that he…

A: