Rounded to the nearest cent, find the amount of money accumulated in 5 years if $17000 is invested at 8 % interest and compounded a. annually: $ b. quarterly: $ c. monthly: $ a. daily (assume 365 days in a year): $|

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: Complete the table for a savings account subject to continuous compounding Amount Invested $2800…

A: Continuous Compounding Formula: A = P·er·t where A = Accumulated Amount P = Amount Invested r =…

Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $10000 is invested…

A: Suppose P be the principal amount, R be the interest rate and t be the time, then P=$10000, R=6%…

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: A local bank advertises that an account at 9.5% interest yields 9.64% annually. How often is the…

A: Let's solve compound intersect sum.

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

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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: A loan of $29,000 is made at 8.25% interest, compounded annually. After how many years will the…

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Q: What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.

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Q: An account is compounded monthly for 5 years with an APR of 9%. For the principle amount of $15,000.…

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Q: Find the total amount of interest to the nearest cent if the interest is compounded annually. $2750…

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Q: An amount of $29,000 is borrowed for 15 years at 8.25% interest, compounded annually. If the loan is…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: If you paid $90 to a loan company for the use of $1,252 for 120 days, what annual rate of interest…

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Q: Find the time required for an investment of 5000 dollars to grow to 7900 dollars at an interest rate…

A: A = $7900 P = $5000 r = 7.5% p.a. = 0.075 p.a. A = P(1+r)t

Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: How much would $20,000 amount to a 8% compounded continuously for 10 years? Round to the nearest…

A: Compound interest

Q: ecide at what rate compounded monthly will 800 become 4200 for 1

A: Introduction: Compound interest is interest that is compounded at regular intervals on both…

Q: A principal of $4600 is invested at 7% interest, compounded annually. How many years will it take to…

A: A=P(1+r/100)t   Here a is amount p is principle  r is rate of interest and t is time in years

Q: A credit card had an APR of 17.78% all of last year and compounded interest daily. What was the…

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Q: A car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…

A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…

Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

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Q: How long would it take for any amount of money,compounded continuously at 5.75% per year, to…

A: Given that,  An investment is compounded continuously at 5.75% interest rate per year.  To find the…

Q: Find the time required for an investment of 5000 dollars to grow to 7800 dollars at an interest rate…

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Q: Calculate the present value A=$20000, r=8%, compounded monthly, t=7 years

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Q: A principal of $4400 is invested at 6.25% interest, compounded annually. How much will the…

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Q: At what rate per cent per annum will $ 4000 amount to $ 4410 in 2 years when compounded annually?…

A: We have to find

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Principle amount P=$15,000rate of interest, r=5.75%time, t=10 years

Q: Use the formula A = P(1+ )“ to find the total amount of money accumulated for an initial investment…

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Q: A loan of $26,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

Q: Preston has $8,000 in a savings account. The interest rate is 4%, compounded annually. To the…

A: We have to find compound interest.

Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

Q: A principal of $2000 is invested at 3.5% interest, compounded annually. How much will the investment…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2000 r=3.5%=0.035 t=7 years…

Q: A loan of $42,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: Use the formula A = P(1+ )" to find the total amount of money accumulated for an initial investment…

A: Given  Investment P = $600 Interest rate r = 8% compounded semiannually Times t = 9 years To find…

Q: Find the interest earned for $2,300 which is invested at 14% compounded daily for 42 months? (Round…

A: Given query is to find interest earned.

Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

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

A: principal amount P = $ 6500 interest rate r = 13%  weekly

Q: A principal of $4500 is invested at 6.5% interest, compounded annually. How much will the investment…

A: As per our guidelines we are supposed to answer one question , kindly repost the remaining question…

Q: Rounded to the nearest cent, find the amount of money accumulated in 10 years if $16000 is invested…

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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: A credit card had an APR of 23.83% all of last year and compounded interest monthly. What was the…

A: GIVEN   APR = 23.83%   COMPOUNDED MONTHLY  MEANS  n = 12 EFFECTIVE INTEREST = ?

Q: Use the formula A = P(1 + )" to find the total amount of money accumulated for an initial investment…

A: Topic- compound interest

Q: Find the accumulated amount after 7 years if $400 is invested at 7% per year, compounded: (Round…

A: The formula for the compound interest is given as  A=P1+rnnt where P is the principal invested . r…

Q: A principal of $3800 is invested at 8.5% interest, compounded annually. How many years will it take…

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Q: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest,…

A: We will use the compound interest formula to find the amount after 17 years