Michelle invests in a savings account that pays 5% interest compounded monthly. What is the APY (annual percentage yield) for this account? Round to the nearest 0,00%

Q: Find the balance on an account if you invest $ 1,758 at 3.4% for 22 years using simple interest.

A: Given:P The amount invested is $1758 at interest rate 3.4% for 22 years. To find : The balance in…

Q: A teenager receives $50 for his birthday, and his sister wants to borrow it from him for 15 weeks.…

A: The formula for simple interest is I= Prt Where I= Interest earned, P=Principal amount, r=rate of…

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

A: We have given,

Q: Vicki Kakounis bought a television set with money borrowed from the bank at 8% interest compounded…

A: The rate of interest is given as 8% The interest is compounded quarterly  In a year, there are 4…

Q: You borrow 1000 from your brother and agree to pay back 1060 in 20 months. What simple interest rate…

A: Formula used:

Q: You deposit $6000 in an account earnings 3% interest compounded monthly. How much will you have in…

A:

Q: Melissa Blum deposits $7500 of lottery winnings in an account paying 6% interest compounded monthly.…

A: Effective rate for compound interest: If r is the annual stated rate if interest and m is the number…

Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

Q: Treasure mountain international school in park city, Utah,  is a public middle school interested in…

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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: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: Find the amount owed at the end of 3 years if $600 is loaned at a rate 3% compounded monthly. (Round…

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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: Amanda invests $5300 in a new savings account which earns 5.9% annual interest, compounded monthly.…

A: Investment of Amanda P=$5300 rate of interest r =5.9% time t=5years find out the total amount after…

Q: Maggie took out a car loan in the amount of $54,200. Her loan agreement says that she will pay the…

A: Given: The loan amount is $54200. The interest rate is 15.1% compounded annually. The duration is 2…

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: To Determine: how much interest will Lupita have earned after 48 month Given:  Lupita deposited…

Q: Berno deposits $30,000 into an account paying 3.25% annual interest, compounded quarterly. How much…

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Q: Bill is saving for his son's college education. If the savings account earns 5% interest compounded…

A: First I have written the formula for future value when money is invested with compound interest.Just…

Q: Find the apy for an account earning 4.3% compounded six times a year

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Q: Shelby received a 15 year loan of $250,000 to purchase a house. The interest rate on the loan was…

A: Note: Hi thank you for your question. As per the guidelines we are solving the first question as…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

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Q: Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is…

A: Use formula of compound interest weekly.

Q: Kiara is expected to settle a loan by paying $8,500. What amount should she pay if she decides to…

A: The given data is: To settle a loan by paying P=$8,500 Interest rate r=3.50% ( compounded monthly)…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

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Q: Mckenna’s family bought a cottage and now have a mortgage in the amount of $78 000. They will repay…

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Q: Jacqueline loaned $61,000 to a small business at 5.14% compounded monthly for 1 year and 9 months.…

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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: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

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

A:

Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

A: Compound interest formula is A=P1+rnnt A = final amountP = initial principal balancer = interest…

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

A: Let's find.

Q: The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as…

A: We have to find the simple interest  rate.

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 $4000 in an account earning 8% interest compounded monthly. How much will you have in…

A:

Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,

Q: Cueton Hep For her daughter's education, Georgina Harcourt has invested an inheritance in a fund…

A:

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: Juan invested $5,600 at 5.75% compounded quarterly for 7.5 years. How much will be in his account at…

A: See calculation below

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $327 per month…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

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

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Q: Melissa agrees to contribute $500 to the alumni fund at the end of each year for the next 4 years.…

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Q: Trevor invests an amount of R20 000 in a bank. Calculate, using appropriate formulae, the…

A: Here AS PER POLICY I HAVE CALCULATED FIRST MAIN QUESTION ONLY

Q: Tessa invests $5600 in a new savings account which earns 3.9 % annual interest, compounded monthly.…

A: Formula to find the value of final amount is A=P1+rnnt where A-Total amount at the end of the time…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $8000, r = 9%, t = 1 year

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Q: June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2%…

A: Given that t=time=17 yearsr=interest rate=2%=0.02A=annuity=?n=number of times compounded in a…

Q: John received a $28,250 loan from a bank that was charging interest at 3.50% compounded…

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Q: Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of…

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