Rita deposited $3000 into an account with a 7.8% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $5136? Do not round any intermediate computations, and round your answer to the nearest hundredth

Q: Gabriel invested $17,000 in an account paying an interest rate of 3% compounded annually. Assuming…

A: It is compound interest problem for calculating time period.

Q: A recent college graduate with $24, 000 in student loans decides to leave the country without making…

A: Given: P = $24000 r = 9% = 0.09 t = 30 years n = 360   Formula used: A=P1+rnnt

Q: At the time of her​ grandson's birth, a grandmother deposits $3000 in an account that pays 5%…

A: Given P = $3000r = 5% = 0.05t=21n=12A=P1+rnnt

Q: Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…

A: Let quarterly deposits be x  Interest rate = 2.2512%=0.001875  Time = 10 years Period n = 10 x 12 =…

Q: Josh deposited $4000 into an account with 4.4% interest, compounded semiannually. Assuming that no…

A: Given: P= $4000                   r=4.4% =0.044              n=2 (semiannually)               t=6…

Q: Pesse Jinkman, a chemistry student at PCC, will be depositing $15,000 at the end of every quarter…

A:

Q: Keiko deposited $5000 into an account with a 8.6% annual interest rate, compounded semiannually.…

A: Given that, $5000 is deposited into an account with interest rate 8.6% which is compounded semi…

Q: Nolan invested $5,300 in an account paying an interest rate of 3.8% compounded annually. Assuming no…

A: The formula for the compound interest is: A=Pert Given that P=5300, A=6880 and r=3.8%  =3.8100…

Q: Grace invested $5,200 in an account paying an interest rate of 4.6% compounded daily. Assuming no…

A: Given; Principal,P=$5200 Time,t=11 years Rate,r=4.6% compounded daily.

Q: Rochelle invested $100 at the end of every month into an RRSP for 11 years. If the RRSP was growing…

A: Given information Initial principal balance P=$100 Rate of interest r=4.60% ⇒r=4.60100=0.046 Period…

Q: Alan deposited $6000 into an account with a 5% annual interest rate, compounded semiannually.…

A: A(t)=P1+rnntP is the deposited amountr is the ratet is the timeA is the amount after time ,t

Q: Lena deposited $6000 into an account with a 11% annual interest rate, compounded pemiannually.…

A:

Q: Jules deposits P15,000 every 3 months in a fund that earns 5% compounded quarterly. Assuming that…

A:

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: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

A:

Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

A:

Q: Beck would like to be a millionaire in 35 years. How much would she need to invest quarterly in a…

A:

Q: A recent college graduate with $24, 000 in student loans decides to leave the country without making…

A: The student loan is $24,000. If the interest rate on those student loans was 9% compounded daily,…

Q: Austin invested $200 in an account paying an interest rate of 6.1% compounded quarterly. Assuming no…

A: Austin invested $200 in an account paying an interest rate of 6.1% compounded quartely.

Q: brittany made equal deposits at the beginning of every 3 months into an RRSP. At the end of 7 years,…

A:

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A:

Q: Noah invested $8,600 in an account paying an interest rate of 2.4% compounded monthly. Assuming no…

A: Use the directly formula for compound interest.

Q: Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is…

A:

Q: Jasica Parker would like to have $95,000 to buy a new car in 6 years. To accumulate $95,000 in 6…

A: Given data: Amount Jessica would like to have=$95,000 Number of years =6 Annual rate of interest of…

Q: Ashlev deposited $6000 into an account with a 6% annual interest rate, compounded monthly. Assuming…

A:

Q: Kira borrowed $8000 at a rate of 7%, compounded annually. Assuming she makes no payments, how much…

A: kira borrowed $8000 at a rate of 7%, compounded annually.how much money after 7 years.

Q: Jeremiah invested $70,000 in an account paying an interest rate of 6.8% compounded daily. Assuming…

A: A=$99000  P=$ 70000 r=6.8%=0.068 n=365 ( compounded daily)

Q: Omar deposited $4000 into an account with 4.2% interest, compounded annually. Assuming that no…

A:

Q: Aldo deposited $2000 into an account with a 7.8% annual interest rate, compounded monthly. Assuming…

A:

Q: Peyton is going to invest $310 and leave it in an account for 16 years. Assuming the interest is…

A: Principal amount:  P = $ 310 Total time period is: t = 16 years Interest is compounded quarterly.…

Q: If Jean invests $2300 in a retirement account with a 6% interest rate compounded annually, how long…

A: To determine the time required for the investment to accumulate to $ 4150.

Q: Robin wishes to accumulate a sum of $450,000 in a retirement account by the time of her retirement…

A:

Q: Salma deposited $2500 into an account with a 3% annual interest rate, compounded monthly. Assuming…

A: Given that  Salma deposited amount (P) = $2500 Annual interest rate (r) = 3% = 0.03 Final amount (A)…

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: If Juanita invests $1500 in a retire-ment account that earns 8% compounded annually, how long will…

A: Given:Juanita invests $1500 in a retirement account the earns 8% compounded annually, and the amount…

Q: If you invest $10,400 at an interest rate of 2.5% compounded monthly, when will your investment be…

A:

Q: Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. Assuming no…

A: Formula: The compound interest formula is given by, FV=PV1+rnnt Given: FV=$79,200, PV=$47,000, r=4%,…

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

A: a) Grandmother deposits (P) is $13,000. Interest rate is, 3.5%. That is r = 3.5/100 = 0.035. Number…

Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A:

Q: If you invest $3000 at 5% compounded quarterly, how long will it take the account to double in time?…

A: P=3000,  r=5%=0.05,  n=4

Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

A:

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 $

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

A:

Q: Claire invested $2,400 in an account paying an interest rate of 3.5% compounded monthly. Assuming no…

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Q: Lydia is going to invest $210 and leave it in an account for 17 years. Assuming the interest is…

A:

Q: Felipe needs $40,964 for a future project. He can invest $7000 now at an annual rate of 11%,…

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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: John deposited $2500 into an account with a 4.2% annual interest rate, compounded monthly. Assuming…

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Q: After graduating with a master's degree, Naomi combined all of her student loans into a single loan…

A: