Sandy invested $1500 with 3.5% interest. Compounded quarterly. How much money will she have in 8 years. Round to the nearest cent

Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

Q: Amanda invests $5400 in a new savings account which earns 5.8 % annual interest, compounded monthly.…

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Q: sted is compounded monthly rather than compounded annually?

A: We cannot add funds to the present account so annuity will cover the present worth but cannot be…

Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

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Q: Isabella invests $17,500 in an account that pays 4% annual interest, compounded monthly. Find the…

A: Isabella invests $17,500 in an account that pays 4% annual interest, compounded monthly. To find the…

Q: Tessa invests $5400 in a new savings account which earns 5.2% annual interest, compounded monthly.…

A: P=$5400,  r=5.2%=0.052,  t=8  &  n=12 compounded monthly.

Q: Calculate the compound amount for P = $1500 , r = 6.25% , compounded quarterly for 5 years.

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Q: Tara invested $8,890 in an account with an interest rate of 7.5% that was compounded quarterly. How…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Andrew deposited half of PhP 130,000 in a certificate of deposit (CD) paying 4% interest, compounded…

A: The compound interest formula is given by A=P(1+rn)nt. where, A is the final amount, P is the…

Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: We are given with the interest rate and time duration and the initial payment and we have to find…

Q: Arianna invests $5600 in a new savings account which earns 5.9% annual interest, compounded…

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Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

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

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

Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

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Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

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Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A: To determine the cumulative amount accrued by the investment under the given terms.

Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…

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Q: Jacqueline loaned $61,000 to a small business at 5.14% compounded monthly for 1 year and 9 months.…

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Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

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

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Q: Eva invests $8200 in a new savings account which earns 4.4 % annual interest, compounded daily. What…

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Q: Find the amount a college student owes at the end of 2 years if 56400 is loaned to her at a rale of…

A: Given query is to find amount need to be paid after 2 years.

Q: Arianna invests $5600 in a new savings account which earns 5.4% annual interest, compounded…

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Q: Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly. How much…

A: Given p=$600, r=2.9% (r=0.029), t=5 years  for compounded quarterly n=4

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

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Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

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Q: Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how…

A: Compound interest

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: Lucy invested for 15 years at 2.8%, compounded annually and ended with an account balance of $2250.…

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Q: Jason started to deposit P20,000 quarterly in a fund that pays 2% compounded quarterly. How much…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

A: Topic - Compound Interest

Q: At the beginning of every three months, a college student deposits P3,000 in a fund that gives 2%…

A: Given:      Principal =$3000     Quarterly Interest rate =2%=2%4=0.5%=0.005     number of times n=3…

Q: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will…

A: Given:   P = 1000    r = 2% = 2/100 = 0.02    t = 20    n = 1 ( compounded annually )

Q: You deposit $1000 each year into an account earning 3% interest compounded annually. How much will…

A: Given, every year $1000 is deposited with 3% compound interest annually. here we shall use the…

Q: Bill invests $7,500 in an account with 7.2% interest that is compounded twice a year. How much is in…

A: The formula for the amount for the compound interest is given by formula is given by  A=P1+rnnt…

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

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Q: interest

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Q: Jamal wants to save $46,000 for a down payment on a home. How much will he need to invest in an…

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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: 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: Tessa invests $5600 in a new savings account which earns 3.9 % annual interest, compounded monthly.…

A: Formula to find the value of final amount is A=P1+rnnt where A-Total amount at the end of the time…

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

A: Topic- compound interest

Q: Jayden has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest…

A: Topic- compound interest

Q: You deposit $400 each month into an account earning 6% interest compounded monthly. How much will…

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Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

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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