On​ Melissa's 6th​ birthday, she gets a $2000 CD that earns 5​% interest, compounded quarterly. If the CD matures on her 10th birthday, how much money will be​ available?

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Q: You borrow $4500 at 5% interested compounded quarterly. How much will you owe after 7 years?

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A: We will use compound interest formulae to find solution to the problem .

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Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

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

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Q: You deposit $4000 in an account earning 7% interest compounded monthly. How much will you have in…

A: Given that P =4000 r = 7% = 0.07 t = number of years = 15 n= number of compounding =12

Q: you deposit money into an account paying 9% annual interest compounded monthly you need the account…

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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: Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest annually at the…

A: Given: Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest annually at…

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A: Q2

Q: read question carefully, it says round to the nearest hundred dollars

A: Consider the given information:

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

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Q: You deposit $5000 in an account earning 5% interest compounded monthly. 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 money into an account paying 9% annual interest compounded monthly. You need the account…

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Q: You would like to have $500,000 when you retire in 40 years. How much should you invest each quarter…

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Q: A youth sports league receives a ​$30,000 donation for building a new snack bar and office building.…

A: A=P1+rnntFor quarterly, n=4

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Q: You put $350 in a savings account that earns 3% annual interest compounded monthly you do not make…

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Q: You invest $1500 with CartyFund Bank earning 8% interest compounded quarterly (4 times each year).…

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A: We can solve both of them using the concept of present worth as below.

Q: Sarah borrowed money from the bank at an annual interest rate of compounded semi-annually for 5…

A: Since you have asked multiple question, we will solve the first question for you as per our guide…

Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

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Q: Simon invests $1,700 in an account that earns an annual interest rate of 4.5% compounded daily. What…

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Q: Ned deposits $15,000 in a certificate of deposit.  The annual rate is 9% and will be compounded…

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Q: College Tuition The Toshes need to have $80,000 in12 years for their son’s college tuition. What…

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Q: 1.Martha invest $8500 at an annual rate of 5% compounded quarterly per year. How much money will she…

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Q: deposits

A: The deposit amount is $3,500 , the earning interest is 6.5%=0.065 compounded quarterly.

Q: You deposit $1200 in an account with 4% annual compound interest. Complete the following, assuming…

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Q: МАЗВ A student borrows money to buy furniture for a new apartment. The student will pay back $125.42…

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Q: - Tony wants to buy a sCooter that costs $1500. He deposits $1000 in a bank that pays 7.5% interest…

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