On the day a child was born, a lump sum P was deposited in a trust fund paying 6.5% interest compounded quarterly. If the balance of the fund on the child's 25th birthday is $100,000, nt find P. Recall A = P (1+-) .

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

Q: how long must 4900 be in a bank at 7% compounded annually to become $11,035.74 (round to nearest…

A: To find Duration?

Q: You invest $500 into an account that collects 1% interest each month. If you add an addi- tional $50…

A: Solution: If you invest $ 500 in an account you will collect at the end the monthly rate of interest…

Q: If the bank advertises it's rate as 6.2% compounded monthly and another bank advertises it's rate as…

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Q: Find the present value that will grow to $26,000 if interest is 4% compounded quarterly for 13…

A: Given query is to find future value of $ 26000 with interest 4% compounded quarterly.

Q: At the time of her grandson's birth, a grandmother deposits $13,000 in an account that pays 3.5%…

A: Grandmother deposits $13,000. Interest rate is, 3.5%. Number of years is 21.

Q: A man invests $2000 in an account that pays 8.5% interest per year, compounded quarterly. Find the…

A: Compound interest formula :A=P1+rnntHere, P=$2000r=8.5% = 0.085For compounded quaterly, n=4t=3 years

Q: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Kaya has made deposits of ​$660 at the end of every six months for eight years. If interest is 5​%…

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Q: Find the amount of money that results if $100 is invested at 4% compounded quarterly for 2 years.

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Q: Which of the two rates would yield the larger amount in 1 year: 7% compounded monthly or 7-%…

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Q: At the time of her grandson's birth, a grandmother deposits $2000 in an account that pays 8.5%…

A: the principal value = $2000 time period is 21 years which when converted into months is…

Q: On Melissa's 6th birthday, she gets a $2000 CD that earns 3% interest, compounded semiannually. If…

A: `Given P=$2000, i=3%=0.03, t=13,n=2(compounded semi annually) Formula for amount is A=P1+rnn×t

Q: To get $300 after 4 years at 3% compounded daily

A: The present value P of A dollars to be received after t years, with annual interest rate    r is…

Q: Suppose you wish to save $3,720. If you have $3,000 and invest it at 8% simple interest, how long…

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Q: What amount must be invested in order to have P128 376.52 after 8 years if mone worth 6% compounded…

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Q: To get $100 after 2 years at 6% compounded monthly

A: We know the formula for compound interest is                 Pt=P01+rt Here it is given Pt=$100…

Q: A savings account starts with $231.25. After 8 years of continuous compounding at an interest rate,…

A: Here we find the interest rate for given problem.

Q: Find the final amount of money in an account if $3, 300 is deposited at 2 % interest compounded…

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Q: On Melissa's 6th birthday, she gets a $2000 CD that earns 3% interest, compounded semiannually. If…

A: P=$ 2000  time T = 15 – 6 = 9years Interest 3% semiannually Then futur value = P(1 + (R/2)/100)2t =…

Q: A man initially invested ​$1000 in a savings account where interest is compounded quarterly. If…

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Q: compounded

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Q: To get $1000 after 212years at 6% compounded daily

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Q: Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the…

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Q: 3. What amount must be invested in order to have P128 376.52 after 8 years if money is worth 6%…

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Q: 8000$ is invested in an account that yeilds 6% interest per year. After howmany years will the…

A: Let after x years the account will be worth  $13709.60

Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

A: Given problem:- Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is…

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Q: At the time of her grandson's birth, a grandmother deposits $11,000 in an account that pays 6%…

A: At the child's 21 st  birthday total amount in account will be $

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Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

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Q: A savings account earns 5% interest each year, compounded monthly. If a person invests $300 and…

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Q: a) Rani invests RM X every six months into a fund that pays 12% compounded semi- annually. Find the…

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Q: T= 0,025 If you invest $10,400 in the United States, and the interest is compounded monthly, when,…

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Q: If $600 is borrowed at 8% interest, find the amounts due at the end of 4 years if the interest is…

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Q: Find the sum that Akhmal should invest now at 6% compounded monthly so as to accumulate RM8 888 in…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: A man initially invested ​$800 in a savings account where interest is compounded annually. If after…

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Q: $1240 at 8% compounded annually for 2 years, what's the interest?

A: Given than,Principle amount, p=$1240Time period of investment=2 yearsRate of interest, R=8%

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Q: Suppose that a particular TV depreciates 40% in value each year and has an original cost of $650. In…

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Q: A Math 110 student decides to make quarterly payments of $1,000 into a retirement account paying 2%…

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Q: In a certain bank, Angel invested 88,000  in a time deposit that pays 0.5% compounded interest in a…

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Q: What amount must be invested in order to have P128 376.52 after 8 years if money is worth 6%…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

Q: Find the present value that will grow to $23,000 if interest is 8% compounded quarterly for 17…

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Q: A machine is valued at $10,000. If the depreciation at the end of each year is 10% of its value at…

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Q: Find the final amount of money in an account if $3, 700 is deposited at 2.5% interest compounded…

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Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: While calculating compound interest, the addition of interest to the principal sum of a loan or a…