Name the formula that you use to solve the following problem. How much money should be deposited today in an account that earns 7% compounded quarterly so that it will accumulate to $6500 in 5 years? O P = A 1+ Pll 1 + n -1 A = n A = P(1 + rt) in [ in 1 + 1

Q: How long will it take money to triple if it is invested at the following​ rates? ​(A) 5.2​%…

A:

Q: Use the formula :to calculate the balance A of an investment when P = $3000, r = 6%, and t = 10…

A: Given :  P = $3000, r = 6% and t = 10 years

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

A:

Q: How much would Maggie need to deposit in an account now in order to have $3000 in the account in 5…

A: Use formula of compound interest

Q: Use Table 11-2 to solve the problem. Stuart Daniels estimates that he will need $28,000 to set up a…

A:

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: Cindy plans to invest for 10 years at 1.5%, compounded annually. If she hopes to have $10,000 after…

A: Consider the following information: AmountA=$10,000Rate of interestr=1.5⁒n=1Time periodt=10 years…

Q: How much time will be needed for $17,000 to grow to $18,778.58 if deposited at 4% compounded kt…

A:

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: You have $300,000 saved for retirement. Your account earns 9% interest, compounded quarterly How…

A: Present value=$3,00,000interest 9%=9100=0.09t=25 yearscompounded quartely, n=4

Q: Use the compound interest formula A=P(1+r/n) to the power of nt to complete this problem. If you…

A: Given: We invest $2500 in an account that pays an annual percentage rate (APR) of 3.72%, and the…

Q: An amount of $25,000 is borrowed for 5 years at 4% interest, compounded annually. If the loan is…

A:

Q: 5

A:

Q: Jerome will be buying a used car for $6,000 in 2 years. How much money should he ask his parents for…

A:

Q: compound interest rate formula  A = P(1 + r/n)nt   to solve and round your answer to nearest cent.…

A:

Q: How much time will be needed for $30,000 to grow to $38,069.57 if deposited at The amount $30,000…

A:

Q: Solve the problem. 59) Find out how long it takes a $2800 investment to double if it is invested at…

A: It is given that, the principle amount is doubled at a rate of 9% compounded quarterly.Thus, A = 2P…

Q: Hamed deposit R.O (? + 130) in a ?% account and compounded quarterly. At the same time Ismail…

A: Given that Hamed deposit R.O (A+130) in a B% account and compounded quarterly Ismail deposit R.O…

Q: O $30,000 is invested at 6% interest compounded quarterly, Using the formula A= P(1+E)nt de termine…

A:

Q: Aki discovered that an investment company would offer 7.7% annual interested rate compounded daily…

A:

Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

A:

Q: Answer the following.Show your Solution.   a. Php1500 invested at 4% compounded semiannually for 7…

A: (a)  $1500 invested at 4% compounded semi annually for 7 years A = P(1+(r/n))nt Accumulated value is…

Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: How much would you have to invest at 3% interest compounded annually in order to have $15,000 at the…

A:

Q: The compound interest formula states that if P dollars are Invested at an annual Interest rate of r,…

A:

Q: The annual rate, r, compounded annually, it takes for 1 dollar to grow to A dollars in 2 years is…

A:

Q: Solve the following; a) Find the time in years to increase an amount of money from 15000 to 25000 at…

A: The solution for the above question is as shown below.

Q: Pascal receives a financial gift from his grandparents, which he invests at an interest rate of 5.5%…

A:

Q: A Joan of $15.000 is made at 7.75% interest, compounded annually. After how many years will the…

A: Formula for compounded annually -  A= P(1+r)t  Given-  A= $38000  P = $15000  r = 7.75%

Q: You would like to put some money into an account so that you will have $6000 in the account 8 years…

A: Consider the formula to find the present value : PV=FV1+rknk where FV is the future value, r is the…

Q: Use the compound interest​ formula, A=P1+rnnt​, to solve the problem given. Round answers to the…

A:

Q: using the formula: a=p(1+(r/n))^(nt), determine how many years, to the nearest hundredth, it will…

A: We have  Principal investment, P = $30,000 Rate, r =1% interest compounded monthly We have to find…

Q: Carl is planning to deposit $2000 into an account with an APR of 3%. The interest is compounded…

A: (a) For the given values, P = principle amount, r = rate of interest , t = time period and n =…

Q: Using the formula: A=P(1+r/n)nt , determine how many years, to the nearest hundredth, it will take…

A:

Q: An investor deposits $200 each month into an account that pays 6% interest compounded monthly (6% is…

A:

Q: mr. Gordon plans to invest $300 at the end of each month in an account that pays 12%, compounded…

A: We use annuity formula.

Q: Answer the following SHOW YOUR SOLUTIONS  1.  Kimberly invests P50,000 into an account with 4%…

A: Consider the following information: PrincipleP=P50,000Rate of interest(r)=4⁒Time period(t)=20n=1…

Q: Emily has saved $6,000 and wants to double her money in order to buy a new home. If she invests it…

A: Given P= $6000 r = 4.25% bimonthly

Q: Harpreet receives a financial gift from her grandparents, which she invests at an interest rate of…

A:

Q: Bill needs $10,000 in 8 years. How much should he deposit at the end of each quarter at 8%…

A:

Q: The cost for maintaining a car cost as follows: 2 years- 20,000 4 years- 40,000 8 years- 80,000…

A: The formula for compound interest is A = P(1 + r/n)^nt, where P is the principal balance, r is the…

Q: Jerome will be buying a used car for $6,000 in 3 years. How much money should he ask his parents for…

A: Compounding continuously formula:

Q: Jerome will be buying a used car for $7,000 in 2 years. How much money should he ask his parents for…

A: Given:

Q: A 3% compounded bi-monthly has an equivalent rate of 1.508%,how many times does it pay every year? O…

A:

Q: Solve the problem. 66) What is the iate on an investment that triples $4848 in 3 years? Assume…

A:

Q: If you put $2,000 into an interest bearing account, where interest is compounded quarterly (4 times…

A: Given:        Principal P=$2,000       Interest rate r=6%=0.06       Amount =3 times principal…

Q: 8. You have $5000 toward the purchase of a boat that will cost $6000. How long will it take the…

A: the amount A=$6000 The principal P invested is $5000 rate of interest r = 5% use the compound…

Q: Jerome will be buying a used car for $11,000 in 2 years. How much money should he ask his parents…

A: Explained below

Q: If you have $3,500 after 8 years on an investment that pays 5.3% compounded weekly, what was the…

A:

Q: Sharon Nguyen has $25,000 to invest and believes that she will earn 6% compounded semiannually. Find…

A: Formula for compound interest  A = amount after t years p = initial investment = $ 25000 r =…