Suppose you deposit $1300 in an account with an annual interest rate of 9 % compounded quarterly. Use the formula A = P(1 + )" . and round each answer to 2 decimal places, if necessary. a. Find an equation that gives the amount of money in the account after t years. A(t) Preview b. Find the amount of money in the account after 8 years. in the account. After 8 years, there will be $

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: At age 25, to save for retirement, you decide to deposit $75 at the end of each month in an IRA that…

A: Given Data The deposit amount is P=$75. The interest rate per month is r=6.5%. The time at age of 25…

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

A:

Q: A philanthropist wishes to donate an amount of money to an orphanage through an investment in a…

A: It is given that the amount is 15000 php a year and the interest rate is 10% compounded annually.…

Q: Find the final amount of money in an account if $9,300 is deposited at 2.5% interest compounded…

A: Amount after 't' years A = P1 + rnnt

Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

A:

Q: A fireman invests $40,000 in a retirement account for 2 years. The interest rate is 6%, compounded…

A:

Q: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

A: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

Q: Nancy wants to invest 2000 in saving certificates that bear an interest rate of 8.75% per year,…

A:

Q: Use the compound interest formula A=P(1+r)' to find the annual interest rate, r, if in 2 years an…

A:

Q: Find the final amount of money in an account if $7,600 is deposited at 3% interest compounded weekly…

A: Use compound interest formula

Q: Find the amount in a saving account at the end of 5 years if the amount originally deposited is $…

A: We have to find the amount in a saving account at the end of 5 years if the amount originally…

Q: In the formula A(1) = P(1 + )" for compound interest the letters P, r, n, and t stand for…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

A:

Q: Find the amount of money that results if $100 is invested at 4% compounded quarterly for 2 years.

A:

Q: John Lee's savings account has a balance of $716. After 3 years, what will the amount of interest be…

A:

Q: How much time will be needed for $30,000 to grow to $38,069.57 if deposited at The amount $30,000…

A:

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: You deposit $5000 into an account that pays 6% interest, compounded quarterly. How much money will…

A: We need to find the amount after 10 years and how much time  will it takes to reach $16000

Q: Use the formula A = P(1+ r)* to solve. Find the rate at which $15,000 compounded annually grows to…

A:

Q: Sam and katie have a new grandson. how much money should they invest now so that he will have…

A: The compound interest formula is,

Q: Find the final amount of money in an account if $9,400 is deposited at 8% interest compounded…

A: Initial amount=P= 9400 Interest rate= r= 8%=0.08 Time=t= 6 years Number of times compounded in a…

Q: A man invests $5000 in an account that pays 8.5% interest per year, compounded quarterly.(a) Find…

A:

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

A:

Q: Find the final amount of money in an account if $3, 300 is deposited at 2 % interest compounded…

A:

Q: Matilda and Horace open a retirement account with $120,000. How many years will it take for the…

A: Find the time taken for the amount $120,000 to grow to $800,000 if it grows at a rate of 4.5%…

Q: Julia wants to have $5,000 in 10 years after investing in an account that earns 4.2% compounded…

A:

Q: A loan of $43,000 is made at 8.25% interest, compounded annually. After how many years will the…

A: Compound Interest Formula: A = P·1+rnn·t where A = Accrued amount P = Principal amount r = rate of…

Q: David invests $800 into an account with a 2.3% interest rate that is compounded semiannually. How…

A:

Q: Find the final amount of money in an account if $8, 400 is deposited at 3 % interest compounded…

A:

Q: Renata invested $500 at 5% compounded monthly for 4 years. What will the investment be worth at the…

A: We know that, A= P(1+(r/n))nt where, = final amount = initial principal balance = interest…

Q: Find the final amount of money in an account if $1, 000 is deposited at 4 % interest compounded…

A:

Q: Find the final amount of money in an account if $1, 000 is deposited at 3 % interest compounded…

A:

Q: the beginning of each month. If interest on the account is 5% compounded quarterly, Laura wants to…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A:

Q: Glory deposited the sum of $50000 in a bank account after 5 months she made another deposit of…

A: The solution are as follows

Q: If you invest $1200 in an account paying 9% compounded continuously, how much money will be in the…

A:

Q: Use the annual compound interest formula to complete this problem. If you invest 14000 in an account…

A:

Q: To start a new business Beth deposits $1500 at the end of each period in an account that pays 9%,…

A: here we will find future value of ordinary annuity,

Q: How much money would you need to deposit today at 6% annual interest compounded monthly to have…

A: 6% annual interest compounded monthly to have 1,50,000Php in the account after 5 years

Q: James has $500 to put into a savings account and his bank gives a 4% interest rate compounded…

A:

Q: In the formula A(t) = P(1 +-) for compound interest, the letters P, r, n and t stand for principal…

A: A(t)=P1+rnnt A(t) is the Accumulated amount or the final amount including principal  Given P=3000,…

Q: At the end of T years, the future value an an investment of $44,500 in an account that pays 6%…

A: P=$44500 and the future value is more than $109,207. Now the future value is,…

Q: A perpetuity earns interest àt an annual rate of 4.2% compounded monthly and has monthly withdrawals…

A: Given that: Interest rate of perpetuity: 4.2$ Compounded monthly Monthly withdrawals = $595 To…

Q: For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

A:

Q: If you put $2,000 into an interest bearing account, where interest is compounded quarterly (4 times…

A: Given:        Principal P=$2,000       Interest rate r=6%=0.06       Amount =3 times principal…

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old,…

A: Total years when child is of 18 =18-3 =15 yearrate =7% compounded semi annuallyLet they set  aside…

Q: A loan of $42.000 is made at 3.25% interest, compounded annually. After how many years will the…

A:

Q: recent college graduate with $19,000 in student loans decides to leave the country without making…

A:

Q: Sharon Nguyen has $25,000 to invest and believes that she will earn 6% compounded semiannually. Find…

A: Formula for compound interest  A = amount after t years p = initial investment = $ 25000 r =…