Suppose that $800 is invested in an account that pays annual interest of 2.6%. How much is in the account after 1 year if the interest is compounded monthly? Use decimal notation. Give your answer to two decimal places.) amount when compounded monthly: $ How much is in the account after 1 year if the interest is compounded continuously? Use decimal notation. Give your answer to two decimal places.)

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given:              $500 for 7 years at 6%

Q: You deposit $4000 in an account earning 4% interest compounded continuously. How much will you have…

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Q: Findthe total accumulated amount after 6 years if $6500 is invested at 5%/year compounded…

A: To Find the total accumulated amount after 6 years Given P = $6500            r = 5%           t = 6…

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Explanation: Given that,  P=$1000t=10yearsr=5%=0.05     Formula used: A=Pert

Q: long does it take for a deposit of $700 to double at 2​% compounded​ continuously? How many years…

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Q: The Fogler family deposits $8,500 into a savings account that yields 6.75% interest compounded…

A: The explanation of answer as follows :-

Q: In the exponentiel aquation (1500X0.94) what does the "0.94" coprsene?

A: We have to find out

Q: . Suppose that $12,000 is invested in a savings account paying 5.6% interest per year.(a) Write the…

A: Definition used-             Amount, when interest is compounded n times in year is given by -…

Q: Suppose $17,000 is invested in an account with an APR of 4.9%. If the interest is compounded…

A: Since you have posted multiple subparts, as per our policy we will answer first three subparts.…

Q: How much money invested at 5% compounded continuously for 3 years will result in $820

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Q: Find the balance if $14000 is invested in an account paying 6.5% interest compounded continuously…

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Q: In 1855, a person sold a house to a lady for $24. If the lady had put the $24 into a bank account…

A: Given, In 1855, Investment is Principal = p = $ 24 Rate of interest = r = 6 %  We have to find the…

Q: Rewrite in exponential form. ln(d) = n

A: Given expression is                    lnd =n we have to write in exponential form. ln denotes…

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: The principal amount (P)=$7500. Time period(t)=10 years Rate of interest(r)=6.5%=6.5100=0.065

Q: A savings account paying 3% continuously compounded interest has $1600 after 8 years. How much was…

A: Please refer the attached image for complete solution.THANK YOU.

Q: Suppose that $ 12,000 is invested in a savings account paying 5.6% interest per year. (a) Write the…

A: Given,           P = $ 12,000 and rate = 5.6 %

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given that: Principal, P=$400 Rate of interest, r=7% Time, t=5yr.

Q: How long will it take for $4000 to double in value if it is deposited in an account bearing 7%…

A: Let the time taken be t years

Q: Suppose $40,000 is borrowed for 5 years at 3% interest. Find the interest paid over this period if…

A: We’ll answer the first three subparts since the exact three weren’t specified. Please submit a new…

Q: In the formula A(t) = Pe for continuously compound interest, the letters P, r, andt stand for…

A: Given, function is

Q: nt Use the formula A =p(1+)" $750 invested for 5 years at 9% compounded semiannually produces $1000…

A: Please rate

Q: Recently, a certain bank offered a 5-year CD that earns 11.91% compounded continuously. Use the the…

A: If compound rate of interest = 11.91%  Compound amount =P(1+R/100) T   Where P principal R:- rate of…

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Principle amount P=$15,000rate of interest, r=5.75%time, t=10 years

Q: In the formula A(t)=Pert for continously compound interest , the letters P,r and t stand for…

A: Given: The formula A(t)=Pert.   If $100 is invested at an interest rate of 6% compounded…

Q: How many years will it take for an initial investment of $25,000 to grow to $80,000? Assume an…

A:

Q: Suppose $26,000 is borrowed for 4 years at 6% interest. Find the interest paid over this period if…

A: **** As per our guidelines, we are supposed to solve only the first three problems/subdivisions.…

Q: Use the appropriate compound interest formula to find the amount that will be in each​ account,…

A: Given data is  amount invested=$26,500 annual interest=3.85% no., of years =2 find a) daily…

Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

A:

Q: Assume you invest $ 7900 in an account that pays an annual interest rate of 5.3 % that will be…

A: Given : Principal amount = $7900 time = 11 years interest rate =? final amount = $9200 n= 1 so using…

Q: Find the time it takes for $7,900 to double when invested at an annual interest rate of 7%,…

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Q: Use the given formula A = p(1+ r)' $1000 invested for 10 years at 11% compounded annually produces…

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Q: Rev 13: How long will it take to build up a fund of $10 000$10 000 by saving $300$300 at the…

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Q: Suppose that in 1662, a man bought a diamond for $34. Suppose that the man had instead put the $34…

A: The continuous compounding formula is P(t)=P(0)ertwhere P(0)= the initial amountr = the rate of…

Q: Find the periodic rate of interest if $5000 grows into $6580 in 6 years when interest is compounded…

A: We are given: Initial amount (P) = $5000 Accumulated amount (A) = $6580 Time (t) = 6 years. Number…

Q: Suppose that $11,000 is invested in a savings account paying 5.5% interest per year. Write the…

A: The solution is given below in the next step:

Q: Suppose​ $6,500 is invested in an account that earns interest at a rate of​ 2% compounded quarterly…

A:

Q: Suppose that $12000 is invested in a savings account paying 5% interest per year.(a) Write the…

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Q: Which of the following pays more interest? 6% compounded annually 6% compounded monthly 6%…

A: Given that:Rate of interests: 1. 6% compounded annually  2. 6% compounded monthly  3. 6% compounded…

Q: Suppose $16,000 is invested in an account with an APR of 4.7%. If the interest is compounded…

A: Given  Amount invested= $16,000 APR= 4.7%

Q: Rochelle deposits $4,000 in an IRA. What will be the value (in dollars) of her investment in 25…

A: We can make it easier for you

Q: Suppose you have $15,000 to invest. Which of the two rates would yield the larger amount in 1 year:…

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Q: Suppose $16,000 is invested in an account with an APR of 4.8%. If the interest is compounded…

A: Explanation: Given that,  P0 =  $16,000  APR(r) = 4.8% = 0.048 1.  If the interest is compounded…

Q: Suppose you have $13,000 to invest. Which of the two rates would yield the larger amount in 2 years:…

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Q: Rounded to the nearest month, how long will it take an investment to double if it earns: a) 8.4%…

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Q: Suppose $19,000 is invested in an account with an APR of 5.1%. a. If the interest is compounded…

A: We need to calculate interest.

Q: A principle of $4800 is invested at 7.75% interest l, compounded annnualy . How much will the…

A: Directly use the formula for compound interest.

Q: $2500 is invested at 2.6% per year, compounded quarterly. in which year after the initial…

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Q: In 1887, a person sold a house to a lady for $30. If the lady had put the $30 into a bank account…

A: Given:-Initial Investment = $30Interest rate = 4%Time from 1887 to 2012t = 125 years