|Second National Bank offers an account that earns 4.89% per year, compounded continuously. If a person invests $17,000 in this account, what will be the value of the account at the end of 11 years? (Round your answer to the nearest cent.)

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 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: 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: A fireman invests $40,000 in a retirement account for 2 years. The interest rate is 6%, compounded…

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Q: Mary's saving account has a balance of $7254. After 12 years at a rate of 4.2% compounded…

A: Note -  Acc. to Bartleby guidelines, we are supposed to do only one question. If you want more to be…

Q: How long will it take to save $13,000 by making deposits of $100 at the end of every month into an…

A: Given that        F = future value = $13000      PMT = Periodic payment= $100       r = rate of…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

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Q: Suppose that you invest $14,000 at 3% interest compounded monthly. How much money will be in your…

A: We know that the formula , A = P ( 1 + (r / n )) n • t Here P = principal amount r = interest rate…

Q: A passbook savings account has a rate of 5%. Find the effective annual​ yield, rounded to the…

A: Consider the provided question, Given, Interest rate(r)  =  5% = 0.05 Compounded periods = 1000 So,…

Q: The........................................ is the equivalent annual simple interest rate that would…

A: Solution:GivenThe........................................ is the equivalent annual simple interest…

Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: 4) $9.000 is invested at 12% for 3 years. Find the ending balance if interest is compounded yearly.

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Q: An Individual Retirement Account (IRA) has $22,000 in it, and the owner decides not to add any more…

A: Compound interest can be calculated as:

Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

A: In this question, the concept of Compound interest is applied. Compound Interest Compound interest…

Q: Find the final amount of money in an account if $9,500 is deposited at 6.5% interest compounded…

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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: You have a big account that has a 6% interest rate and is compounded semiannually. How much should…

A: The formula for compound interest is given by A=P1+rnnt where A is the Amount, P is the principle, r…

Q: If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is being…

A: Given:- If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is…

Q: What present value P amounts to $280,000 if it is invested at 7%, compounded semiannually, for 16…

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Q: An Individual Retirement Account (IRA) has $9,000 in it, and the owner decides not to add any more…

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Q: Find the present value that will generate the future value of $2,000 at 7% compounded yearly for 8…

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Q: if $3,500 is invested at an interest rate of 2.75% per year, compounded monthly, find the value of…

A: Given: P=$ 3500             r=2.75%             t=2 year, 3 year, 6 year   Formula used for…

Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

A: Given data : Formula used:

Q: Sonia wants to have $11,000 in 8 years. Use Table 11-2 to calculate how much she should invest now…

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Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

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Q: If $23,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: Solution: From the given information, invested amount is $26,000, interest rate is 7%, compounded…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A:

Q: Sonia wants to have $13,000 in 8 years. Use Table 11-2 to calculate how much she should invest now…

A: as per policy we need to answer only one question in one post if you find my answer helpful please…

Q: How much should a mother invest at the time her daughter is born in order to provide her with…

A: A mother invest at the time her daughter is born in order to provide her with$95,000 at age 18. The…

Q: Cynthia's investment of $81,200.00 in a fund matured to $160,353.29 in 7 years. If the interest in…

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Q: If $19,000.00 is invested in an account for 30 years.. Find the value of the investment at the end…

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Q: Suppose that Tom invests $10,000 in an account that offers r% annual interest, compounded quarterly.…

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Q: What interest will be earned if $6100 is invested for 2 years at 11% compounded monthly? (Round your…

A: Follow next step

Q: If $26,000.00 is invested in an account for 10 years. Find the value of the investment at the end of…

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Q: If you invest $1000 at 4.5% compounded monthly, how lomg will it take the account to get to $5000?…

A: Given that If you invest $1000 at 4.5% compounded monthly, how long will it take the account to get…

Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of…

A: Consider the following information: PrincipalP=$500Rate of interestr=3.75⁒n=4 Compound interest…

Q: If 32800 dollars is invested at an interest rate of 8 percent per year, find the value of the…

A: A=P1+rnntwhere P = principal amount (the initial amount you borrow or deposit )r = annual rate of…

Q: What present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for 18…

A: Given that present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for…

Q: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…

A: Here P=50,000 F V=100,000 r=9%=0.09 n=4

Q: What present value P amounts to $270,000 if it is invested at 8%, compounded semiannually, for 12…

A: Determine the present value of an investment that amounts to $270,000 in 12 years if compounded…

Q: What present value P amounts to $300,000 if it is invested at 8%, compounded semiannually, for 18…

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Q: A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no…

A: Given problem Given that   A stock broker allocated $100,000 to an account earning 4% per year…

Q: Sonia wants to have $13,000 in 10 years. Use Table 11-2 to calculate how much she should invest now…

A: Given : Interest rate (r) = 6% Number of years = 10 years Amount = $13000

Q: What present value P amounts to 290,000 if it is invested at 6% compounded semiannually for 12…

A:

Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

A:

Q: Assume that there are no deposits or withdrawals. An initial deposit of $14,000 earns 8% interest,…

A: here we will find final amount in account after 6years with compound interest,