Suppose that $30,000 is invested with 2.5% interest compounded quarterly (4 times a year). Determine the amount in the account at the end of 9 years. (Give your answer to one decimal place.)

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

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Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

Q: If $400 is invested at 18% compounded quarterly, what is the interest earned after: a) 2 years…

A: Given data: The given principal is P=$400. The given quarterly interest is r=18%=0.18. a) The given…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: to find:- amount to be deposited.

Q: If $800 is invested at 4% compounded quarterly, what is the interest earned after: a) 6 years…

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Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 2 years is…

A: Amount , A= P(1+r/n)nt   where, P= the principle amount             r= rate of interest           t=…

Q: If $11,000 is invested at 3% compounded monthly, what is the amount after 5 years? The amount after…

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Q: If $2,200 is deposited at the end of each month in an account that earns 6% compounded monthly,…

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

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Q: Suppose that you invest $14,000 at 3% interest compounded monthly. How much money will be in your…

A: We know that the formula , A = P ( 1 + (r / n )) n • t Here P = principal amount r = interest rate…

Q: Assuming that you invest $13,000 in the United States, how long (to the nearest year) must you wait…

A: The formula for compound interest is, A=P1+r100n where, A is compounded amount P is the Principal…

Q: Suppose $22,000 is invested in an account with an APR of 5.3%. a. If the interest is compounded…

A: Given: P=$22000 R=5.3% annually T= 6 years a) Compounded annually n=1 A=P1+R100nnT…

Q: Mason invested $65,000 in an account paying an interest rate of 4.6% compounded annually. Assuming…

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Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24…

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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: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

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

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Q: At the time of her grandson's birth, a grandmother deposits $2000 in an account that pays 8.5%…

A: the principal value = $2000 time period is 21 years which when converted into months is…

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: Find the value of a $3,000 certificate in 2 years, if the interest rate is 10% compounded annually.

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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: 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: If $8,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A: Given that, P = $8000 r = 0.03 n= 4 t = 5 years The formula for calculating the compound interest…

Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

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Q: If $3500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Lets use the final value formula, FV=P{[1 + R]N - 1/ R}=FV OF $1 PER PERIOD. Given, FV = 60,000 P =…

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: If $15,000 is invested at 6% compounded quarterly, what is the amount after 5 years? The amount…

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Q: If $4000 is deposited at the end of each half year in an account that earns 6.2% compounded…

A: Given that, If $4000 is deposited at the end of each half-year in an account The rate of interest is…

Q: At the time of her grandson's birth, a grandmother deposits $13,000 in an account that pays 3.5%…

A: a) Grandmother deposits (P) is $13,000. Interest rate is, 3.5%. That is r = 3.5/100 = 0.035. Number…

Q: At the time of her grandson's birth, a grandmother deposits $11,000 in an account that pays 6%…

A: At the child's 21 st  birthday total amount in account will be $

Q: Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded quarterly. Assuming…

A: Initial amount=P= 3500  Final amount=A=? Time= t=19 years  Interest rate=r= 3.5%= 0.035  Number of…

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: If $1500 is deposited at the end of each quarter in an account that earns 4% compounded quarterly,…

A: Given: PMT= quarterly deposits =$1500 Interest rate per year =4% i=IY=4%4=1%per quarter Future value…

Q: An account with a principal amount of $12000, invested at an unknown interest rate, and compounded…

A: An account with a principal amount of $12000, invested at an unknown interest rate, and compounded…

Q: Suppose that you invest $3,000 at 5% interest compounded monthly. How much money will be in your…

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Q: If $1000 is invested at 7% compounded quarterly, what is the interest earned after: a) 5 years…

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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: If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of…

A: According to the given informationAmount deposited (P) = $80Rate of interest (R) = 2% per annumTime…

Q: If $4500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: Money deposited at the end of each quarter= 4500$ Rate at which interest is compounded…

Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: If $9000 is deposited at the end of each half year in an account that earns 6.1% compounded…

A: Given Data - Deposited amount (R) = $9000 Amount of annuity (S) = $200,000 Rate of interest ( i )…

Q: If $17,000 is invested at 6% compounded monthly, what is the amount after 6 years? The amount after…

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Q: If saving account awards interest of 3 percent per year compounded semiannually, what amount must…

A: In case of interest compoundedly semiannual Rate = annual rate/2 Time = 2* annual time Hence rate=…

Q: If $6000 is deposited at the end of each half year in an account that earns 6.3% compounded…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years