n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded per year? whole number)

Q: What interest will be earned if $6600 is invested for 4 years at 12% compounded monthly? (round to…

A: Given that, $6600  invested for 4 years at 12% compounded   compounded  monthly.    want to…

Q: A company needs $7,000,000 in 10 years in order to expand their factory. How much should the company…

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Q: An initial deposit of $10,000 earns 1.5% interest and is left in the account for 10 years. How much…

A: It is given that, an initial deposit of $10,000 earns 1.5% interest and is left in the account for…

Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

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Q: How much compound interest will Sue earn by investing $20,000 at 4.1% p.a. over a four year period,…

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Q: 3. A monthly deposit of P2,000.00 was made at 12% compounded semi annually. How many years will the…

A: Hi, since you have asked multiple questions, we will solve the first question for you. If want any…

Q: 13. If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A: Given: Frank invests $11,400 at 3.7% interest compounded quarterly. To find: Investment's worth in 9…

Q: Suppose $22,000 is invested in an account with an APR of 5.3%. a. If the interest is compounded…

A: Given: P=$22000 R=5.3% annually T= 6 years a) Compounded annually n=1 A=P1+R100nnT…

Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

Q: How much must be deposited now to withdraw $4,000 at the end of each year for 20 years if interest…

A: Calculate the present value of an ordinary annuity by using tables use the following steps. Step 1.…

Q: 3. If interest is compounded quarterly, how much will P100,000 be at the end of one year at 12%?

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Q: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

A: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

Q: A loan of $27,000 is made at 8.25% interest, compounded annually. After how many years will the…

A: A=P1+rtP is the initial amountA is the amount after t years.r is the rate of interest

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: 4. How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…

A: We know the formula for Compound Interest ,  A = P1 + rnnt   ,  Where , A = Final amount…

Q: Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly. How much money…

A: Given problem:- Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly.…

Q: If $8,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A: Given that, P = $8000 r = 0.03 n= 4 t = 5 years The formula for calculating the compound interest…

Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

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Q: How much will Blo00 deposited in an account earning 7% Onnually be worth. interest Compounded In 20…

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Q: A principal of $2000 is placed in a savings account at 3% per annum compounded annually. How much is…

A: A principal of $2000 is placed in a savings account at 3% per annum compounded annually.

Q: How much should be paid monthly into an account paying 6% interest compounded monthly so that the…

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Q: A $5800 investment is made for a three-year period at an interest rate of 5.4% per year, compounded…

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Q: What will the final amount be in 1 1/2 year if P8,000 is invested at 9.2% compounded monthly.?

A: Given that : Principle = $8000 Rate = 9.2 % per year = 9.2% / 12 per month Time = 1 (1/2) year = 18…

Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

Q: Suppose that $7,100 is invested at 4.5% annual interest​ rate, compounded monthly. How much money…

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Q: 1. A man invests $10, 000 in an account that pays 8.5% interest per year, compounded quarterly. What…

A: *** As per our guidelines we are supposed to answer only one question at a time. Since you have…

Q: A principal of $12,000 is invested in an account paying an annual interest rate of 7%. Find the…

A: Compounded quarterly , n=4

Q: How much will you need to put away to get 700 after 9 years at 6% compounded monthly?

A: A=700 Time = 9 years ROI = 6% = 0.06 n=12 ( Compounded monthly)

Q: How much must be invested at the beginning of each year at 10%, compounded annually, to pay off a…

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Q: Oliver invested $53,000 in an account paying an interest rate of 2.7% compounded daily. Assuming no…

A: Given P=53,000R=2.7%t=20 yearsWe know that compound interest=P(1+Rm)mt Here m is the no.of…

Q: A student takes out a college loan of $4000 at an annual percentage rate of 6%, compounded monthly.…

A:

Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: A principal of P 2000 is placed in a savings account at 3% per annum compounded annually. How much…

A:

Q: Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with…

A: The compound interest formula : A=P1+rnnt, where , A= Final amount P=Principal or Initial…

Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

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Q: If $5000 is invested for 8 years at 6% compounded monthly, how much interest will be earned?

A: Given that $5000 is invested for 8 years at 6% compounded monthly. It is required to find the amount…

Q: How much money should  be invested in an account that earns 9% interest, compounded semiannually, in…

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Q: 4. Find out how many months it will take for 1000 taka to grow to 20000. Given 6% annual interest…

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Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

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Q: A student takes out a college loan of $6000 at an annual percentage rate of 3%, compounded monthly.…

A:

Q: If $17,000 is invested at 6% compounded monthly, what is the amount after 6 years? The amount after…

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Q: 2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank…

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

Q: Suppose you invest $10,145 in an account that earns interest at an APR of 3.9%,compounded annually.…

A:

Q: If $5,000 is invested at 4% compounded quarterly, what is the amount after 9 years? The amount after…

A: According to the given information:The amount invested (P) = $5,000Rate of interest (r) = 4% =…

Q: Find the amount that results from the given investment. $500 invested at 4% compounded quarterly…

A: Formula used:Future value formula

Q: A student takes out a college loan of $6000 at an annual percentage rate of 5%, compounded monthly.…

A: GIVEN: Student takes out a college loan of $6000 Rate = 5% monthly