sted is compounded monthly rather than compounded annually?

Q: If you deposit $4500 at 5% annual interest compounded quarterly, how much m oney will be in the…

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Q: What interest will be earned if $6600 is invested for 4 years at 12% compounded monthly? (round to…

A: Given that, $6600  invested for 4 years at 12% compounded   compounded  monthly.    want to…

Q: $19000 is invested for 5 years with an APR 3% and daily compounding, what is the balance in the…

A: We have to find future amount for given Questions.

Q: 12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What will be…

A: Given deposited amount =$3000 , rate =5% and time 10 year We have to find value of CD after 10 year

Q: an insurance settlement of 750,000 must replace an injured workers income for the next 40 years.…

A: Given that, The insurance settlement amount, P=750,000. The rate of interest, r=6.2%. The time…

Q: Find the equivalent amount of P2,825.00 in 8 years at 5% compounded quarterly

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Q: Determine the rate that represents the better deal. 6% compounded quarterly or 6 (1/4) , compounded…

A: The first rate of interest, r1=6% compounded quarterly. Then, the number of terms for r1 is n1=4.…

Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

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

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Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: Charley’s credit card APR is 28.95% compounded daily. What is her actual interest rate per year?

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Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

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Q: If $28,000 is invested in an account for 25 years. Calculate the total interest earned at the end of…

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Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: Find the present value if $8600 is compounded quarterly for 4 years.

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Q: find the amount of money you Will have after 20 years if you inrest $ 25,000 at a rate of 12% if…

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Q: An account is opened with an initial deposit of $4600 and earns 7.3% interest, compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=4600 r=7.3%=0.073 n=2 for…

Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

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Q: If $1300 is deposited in a savings account paying 9% interest, compounded quarterly, how long will…

A: Use the formula for compound interest A=P((1+(r/n))^(nt)) A=the amount in the account after t years…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 10…

A: Given,         A=3000 , t=10 years, r= 2% and compounded monthly

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

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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: A newborn child receives a $20,000 gift toward a college education from her grandparents. How much…

A: Given that  A baby recives 20000 Interest rate is 7% for 17 years  To find the amount will receive…

Q: n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded…

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Q: An investment of $5,650 is made in an account compounded quarterly at 5.1%. How much will the…

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

Q: Springfield florist plans to replace it's delivery vehicle in three years . If they set aside $16000…

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Q: How much will you get out after 12 years if you put away 1800 at 6% compounded monthly?

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Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: You deposit $3200 in a bank with annual interest rate of 3.5% compounded annually. What would you…

A: The deposit is $3200, interest rate is 3.5% compounded annually. The balance amount be 5 years later…

Q: How much will an investment of $5,000 be worth in 8 years if it earns 2.2% in annual interest…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

Q: A principal of $12,000 is invested in an account paying an annual interest rate of 7%. Find the…

A: Compounded quarterly , n=4

Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: A newborn child receives a $7,000 gift toward a college education from her granparents. How much the…

A:

Q: How much money must you invest today at 8% compounded quarterly so that your investment will be…

A: Future Value:  F.V. = $ 500,000 Interest Rate:  8% Time Period: 30 years

Q: Find the amount that should be deposited today at 8% compounded monthly to receive $2,000 in 6…

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Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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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: A principal of P 2000 is placed in a savings account at 3% per annum compounded annually. How much…

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Q: A $21 500 investment earns 5.25% interest, compounded quarterly.

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Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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

A: To find the account balance

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: find the value of a $3000 certificate in 2 years, if the interest rate is 10% compounded annually…

A: Formula used;-          Amount = Principal(1+rate/100) n(no.of years)

Q: How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

A: Follow the procedure given below.

Q: How long would it take to double your money in an account paying 8% compounded quarterly?

A: