Reggie wants to find the future value of an investment of $3000 that earns 4.75% compounded monthly for 30 years. Use a TMV calculator to solve.

Q: James and Susan wish to have $10,000 available for their wedding in 4 years.How much money should…

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Q: Timothy invests $5,000 at 17% interest compounded daily for three years.How much does he have in the…

A: topic- compound interest

Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: Find the balance on an account if you invest $ 759 at 3.9 % for 2 years compounded monthly.

A: Given: Amount of money invested is $759. Rate of interest is 3.9%. Time is 2 years. Rate is…

Q: Sarah invests $4848 in a savings account with an annual interest rate of 5% compounded 2 times per…

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Q: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten- year period. The…

A: To find the interest rate

Q: Kylie is thinking of investing an amount of P250, 000.00 at 5% compounded annually for 2 years. Find…

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Q: Parents wish to have $110,000 available for a child's education. If the child is now 9 years old,…

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Q: If you save $270 per quarter for retirement in an account that earns 8% interest per year compounded…

A: Given; Saving $270 per quater Rate of interest = 8% Compounded quaterly, n=4 Number of years=…

Q: You want to have $100,000 when you retire in 10 years. If you can earn 3% interest compounded…

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Q: Inez wants to have $19,750 in 4 years. Use the present value formula to calculate how much Inez…

A: The future value is $19,750 and the time period is 4 years. The rate if interest is 7% and is…

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: Edmond has $6,915 in a savings account that earns 8% interest, compounded annually. To the nearest…

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Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: You want to have $200,000 when you retire in 25 years. If you can earn 9% interest compounded…

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Q: You want to have $500,000 when you retire in 30 years. If you can earn 4% interest compounded…

A: We have to set up the compound formula first.

Q: At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded…

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Q: find the amount of money you Will have after 20 years if you inrest $ 25,000 at a rate of 12% if…

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Q: Christian is saving money and plans on making monthly contributions into an account earning an…

A: Given data is: Future value of amount after n period A=$9000 Interest rate i=5.7% Period n =32…

Q: Carla wants to start a college fund for her daughter Lila. She puts $63,000 into an account that…

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Q: Lee puts $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10…

A: Given, Principal amount, P = $10,000 Rate of interest, r = 7%  Time, t = 10 years We know, Interest,…

Q: Find the apy for an account earning 4.3% compounded six times a year

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Q: Reggie wants to find the future value of an investment of $1500 that earns 5.25% compounded monthly…

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Q: Matilda and Horace open a retirement account with $120,000. How many years will it take for the…

A: Find the time taken for the amount $120,000 to grow to $800,000 if it grows at a rate of 4.5%…

Q: Laurie has $2,500 in an investment account. What annually compounded interest rate would she need to…

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Q: Springfield florist plans to replace it's delivery vehicle in three years . If they set aside $16000…

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Q: If P20.000.00 is invested at 10% compounded quarterly, when will the amount of investment be…

A: Given : Amount 20,000 compounded quarterly  And interest rate (r) = 10% To find : Time when these…

Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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Q: Anne wants to find the future value of an investment of $3000 that earns 5.75% compounded monthly…

A: The time value of money calculator can be used to predict the current value of the principal after…

Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: If you invest $7,000 in an account paying 3% interest compounded quarterly: how much will be in the…

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Q: Carolyn invests $8000 at an annual rate of 7% compounded daily for 6 months. what is the future…

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Q: David deposited P2,500 for 2 years at 10% compounded annually and earned a compound interest of…

A: Given that the principle amount=2500And compound interest=525So the future value= 2500+525=3025

Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: A payment of $1500 is due in three months. Find the equivalent value at nine months if the interest…

A: Given interest rate is 4% compounded quarterly. F.V=P.V(1+r/k)nk Here, F.V= Future value P.V=Present…

Q: Brandon's savings account has a balance of $4069. After 4 years what will the amount of interest be…

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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: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…

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Q: Ariana is going to invest in an account paying an interest rate of 3.7% compounded monthly. How much…

A: r=3.7%  A=$25000 t=14 years  n=12 (compounded monthly)

Q: Kayla invested $88,000 in an account paying an interest rate of 8% compounded daily. Sadie invested…

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Q: Melanie invests $7600$⁢7600 in a new savings account which earns 4.0%4.0% annual interest,…

A: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded…

Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: You invest $4000 in an account with an APR of 3% and daily compounding. How much will you have after…

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Q: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten-year period. The…

A:

Q: Greg has $9,000 in a savings account. The interest rate is 15%, compounded annually. To the nearest…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=9000 r=15%=0.15 n=1 for…

Q: nora is thinking of investing an amount of P30,000  8.5% compounded annually

A: Given,Present Value, PV=30,000Rate of interest,r=8.5 compounded annuallyTime period, n=2.5 years

Q: find the value of a $3000 certificate in 2 years, if the interest rate is 10% compounded annually…

A: Formula used;-          Amount = Principal(1+rate/100) n(no.of years)

Q: Find the investment needed to achieve $5000 when the investment was compounded quarterly at 2% for 6…

A: Given, A= the new balance = $5000 r =  the rate = 2% = 0.02 t = the time = 6 years n = the number of…

Q: Oscar has $400 in a savings account that earns 1% interest, compounded annually. To the nearest…

A: Given : Principal amount (P) = $400 Interest rate = 1% time t = 2 years