Sean invests $2000 at 6% compounded quarterly for three years. Find the amount of the investment at the end of three years. Select one: O a. $2382 O b. $2091 O c. $2370 d. $2391

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

A:

Q: Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest…

A:

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: Quincy deposited $10 in a saving account earning 10% interest compounded annually to the nearest how…

A: Solution

Q: You deposit $400 in an account earnings 3% interest compounded annually. How much will you have in…

A:

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

A:

Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…

A:

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

A:

Q: Justin received an excellent interest rate for his loan of $7,000. Calculate the nominal interest…

A:

Q: To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16 years.…

A: Given that, To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16…

Q: You deposit $8400 into an account earning 6% interest compounded quarterly. How much interest will…

A:

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: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: How much will he have in the account after 30 years?

A: Here use Future value formula

Q: Henry has inherited $18 000 and would like to invest the money to pay for new car in two years. If…

A: The amount he invested for new car is:  P = $18,000 Interest rate:  r = 4.9% Interest is compounded…

Q: Maura received $1000 from friends and family for college graduation. If she deposits her money into…

A:

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

A:

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: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

A:

Q: Find the final amount of money in an account if $6,600 is deposited at 6% interest compounded…

A: Given: An amount of $6,600 is deposited at 6% interest compounded annually and the money is left for…

Q: You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How much money will be…

A:

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

A:

Q: You deposit $500 each month for 15 years into an account earning 6% interest compounded monthly.…

A:

Q: Karl buys a $2500 investment certificate that pays 3.75% simple interest per year. How much more…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

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

A:

Q: Duncan opened a savings account and deposited $200.00 as principal. The account earns 7% interest,…

A:

Q: You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How many years will it…

A: Formula: Simple interest                    SI=PTR100            Where SI- Simple interest…

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

A:

Q: Russell invested 50,000 pesos in a bank that pays 8% compounded quarterly for 5 years. How much is…

A: We used the formula A=P(1+r/n)^(nt)

Q: Cueton Hep For her daughter's education, Georgina Harcourt has invested an inheritance in a fund…

A:

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.…

A:

Q: Inga Moffitt invests a bonus of $9000 at 6% annual interest compounded semiannually for4 years. How…

A: P=$9000,  r=6%=0.06,  t=4  &  n=2 Now total amount earned is,…

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: Amy, who is 25, deposits $400 every 3 months into an account that earns 3.66 compounded quarterly.…

A:

Q: On​ Melissa's 6th​ birthday, she gets a $2000 CD that earns 5​% interest, compounded quarterly. If…

A: Interest is compounded Quarterly. Therefore n=4.

Q: John buys a stereo system for $640. He agrees to pay $32 a month for 2 years. Assuming that interest…

A:

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

A:

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A:

Q: Lylreice deposited $1,500 into a savings account, which earns 7% interest compounded annually. What…

A: To find the account balance

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

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: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

A:

Q: Mike buys a ring for his fiancee by paying $30 a month for one year. If the interest rate is 10% per…

A: It is given that monthly payment is $30 for one year and the interest rate is 10% per year. To find…

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: Delfina would like to save $450 at the end of every three months for the next 6 years in a savings…

A: a Here, interest is compounded annually. Amount is deposited every 3 months. Hence, deposited amount…

Q: Farid placed RM5,000 in a bank account for six years. The bank offered an interest rate of 6%…

A:

Q: Berno deposits $30,000 into an account paying 4.25% annual interest, compounded monthly. How much…

A:

Q: Rahel left a $5000 investment for 3 years in an account that paid 4% per year, compounded…

A: