Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much money is in the bank after 3 years?

Q: A man needed P250, 000 at the end of 3 years, how much money must he deposit quarterly in an…

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Q: Mr. Gordon plans to invest $200 at the end of each month in an account that pays 9%, compounded…

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

A: Solution

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: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

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Q: If $12000 had been invested in a certain investment fund on September 30,2008, it would have been…

A: compounded interest formula A=P(1+rn)nt A=53625.75 P=12000 r=? t=10 years n=1 (compounded annually)…

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: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: Jeremy invested his savings in a bank at 5.00% compounded monthly. How much money did he invest to…

A: Solve the above question.

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

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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: Ken is paying P2,500 every 3 months for the amount he borrowed at an interest rate of 8% compounded…

A: Given information Paying every 3 months P=2,500 Interest rate r=8% compounded quarterly For…

Q: Amanda invests $5300 in a new savings account which earns 5.9% annual interest, compounded monthly.…

A: Investment of Amanda P=$5300 rate of interest r =5.9% time t=5years find out the total amount after…

Q: Amanda invests $5100 in a new savings account which earns 3.3% annual interest, compounded monthly.…

A:

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

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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: Breanna went to a bank and obtained a personal loan with an interest rate of 6.4% compounded…

A: Here we can use the fact that if bi-weekly interest rate is r then effective annual interest rates…

Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded…

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Q: Sam deposits $900 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: Given data:   The given amount Sam deposits are P=$900. The semiannual interest rate is r=7%=0.07.…

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

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Q: Springfield Florist plans to replace its delivery vehicle in three years. If they set aside $16,000…

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

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Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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

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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: Adam wishes to have $20,000 available in 18 years to purchase a new car for his son as a gift for…

A: Adam wishes to have $20,000 available in 18 years to purchase a new car for his son as a gift for…

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: Reginald invests $250 of his salary into an investment every month into an investment that earns him…

A: Reginald invests $250 per month for a period of 10 years. The annual interest rate is 6.3%

Q: How much did Speedy Movers borrow for a debt that accumulated to $56,036.80 in five years? The…

A: We need to find the amount that Speedy Movers borrow for a debt that accumulated to $ 56036.80 in…

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: Jason thinks he can save enough to deposit P1,200 in the bank at the end of each year for the next…

A: The future value of an annuity is given by FV=PMT×1+in-1iWhereFV=future value of annuityPMT=cash…

Q: Oliver invested $53,000 in an account paying an interest rate of 2.7% compounded daily. Assuming no…

A: Given P=53,000R=2.7%t=20 yearsWe know that compound interest=P(1+Rm)mt Here m is the no.of…

Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

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

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Q: Olivia invested $1000 in an account that pays 2.75% interest compounded annually. Assuming no…

A: Amount to be received after t years and at r%=Initial amount *(1+r/100)t

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

A:

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: Sam invests $ 6500 into an account earning 6.75% interest compounded quarterly. How long will it…

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Q: Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no…

A: Given:  Sarah invested $3800 in an account paying an interest rate of 3.6% compounded daily.  To…

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: You deposit 130 each month into a savings account that pays 5.5% compounded monthly. How much will…

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

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