Suppose you deposit $7000 at 3% interest compounded continously. Find the average value of your account during the first 2 years.

Q: Suppose you put a $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: In the given problem, The principle amount is p = $1000 The rate of interest is r = 7.2% And, the…

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: ABC bank pays interest at the rate of 2% compounded quarterly. How much will have in the bank at the…

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Q: What is the total compounding period for 3.5 years compounded monthly?

A: Answer : Given, compounded period 3.5 years .                  Then we have to find compounded…

Q: Find the least amount that could be deposited in a bank account today at 10% compounded quarterly to…

A: To  find the present value of the annuity as follows.

Q: Suppose Carla has $12,000 to invest.Which investment yields the greater return over 2 years :9%…

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Q: What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.

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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: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: An initial deposit of $1300 earns 7 % interest, compounded monthly. How much will be in the account…

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Q: Find the present value of amount. $2000 if interest is 6% compounded annually for 5 years

A: Compound interest formula is A=P1+rnt Where A=AmountP=Present valuer=interest raten=number of times…

Q: Find the amount of money in an account after 10 years if $1,300 is deposited at 8​% annual interest…

A: Principal p =$1300 deposited  Rate =8% annual compounded monthly Time = 10 years To calculate total…

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: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

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Q: Find the amount of compound interest earned. 5) $5000 at 6% compounded annually for 3 years

A: Recall the following fact.

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

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Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: Find the present value that will grow to $29,000 if interest is 9% compounded quarterly for 16…

A: Compound interest formula

Q: How much will Blo00 deposited in an account earning 7% Onnually be worth. interest Compounded In 20…

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Q: Adrian invested $7,200 in an account paying an interest rate of 3.1% compounded monthly. Assuming no…

A: P=$7,200,  r=3.1%=0.031,  A=$12,110,  n=12

Q: Find the balance if $30000 is invested in an account paying 4.5 % interest compounded semi-annually…

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Q: If P20.000.00 is invested at 10% compounded quarterly, when will the amount of investment be…

A: Given : Amount 20,000 compounded quarterly  And interest rate (r) = 10% To find : Time when these…

Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

Q: At what rate of simple interest an amount will double itself on 10 years?

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Q: If an investment company pays 6.5% compounded semi – annually, how much should you deposit now to…

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Q: no given value so i was thinking of doing 1000? =3p a little confused

A: Take the present value as P, so the future value will become 3P. A(t) = P[1+r/n]nt P= present value…

Q: Find the present value that will grow to ​$22,000 if interest is 8​% compounded quarterly for 12…

A: We have to find

Q: Find the balance if $23000 is invested in an account paying 6 % interest compounded quarterly for 11…

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Q: A savings account earns 5% interest each year, compounded monthly. If a person invests $300 and…

A: We need to find balance after 3 years.

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

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Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

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: Find the present value that will grow to ​$24,000 if interest is 5​% compounded quarterly for 13…

A: Find the present value that will grow to ​$24,000 if interest is 5% compounded quarterly for 13…

Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

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Q: Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with…

A: The compound interest formula : A=P1+rnnt, where , A= Final amount P=Principal or Initial…

Q: If $11,000 is invested at 6% interest compound monthly, find the interest earned in 18 years. The…

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Q: If $5000 is invested for 8 years at 6% compounded monthly, how much interest will be earned?

A: Given that $5000 is invested for 8 years at 6% compounded monthly. It is required to find the amount…

Q: Find the balance if $24000 is invested in an account paying 7 % interest compounded semi-annually…

A: Given that: Principal=$24000 Rate of interest=7% semi anually and time=8 years

Q: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…

A: Here P=50,000 F V=100,000 r=9%=0.09 n=4

Q: How many years will 100 000 earned a compound interest of 500 000 if the interest rate is 9%…

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Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

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Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A: Given $8000.00 was invested in a savings account that paid 2.5% interest compounded quarterly.We…

Q: Find the accumulated amount at the end of 4 years if $5000 is invested at the rate of 10% per year…

A: Given information Amount=$5000 Interest rate r=10% ⇒r=10100=0.1 Time=4 years We have to find the…

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly at the end…

A: We will use formula for compound interest.

Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years…

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Q: Tamira invests $5,000 in an account that pays 4% annual interest. How much will there be in the…

A: Given: Principal amountP=$5000, timet=5 years, rate of interest semi-annuallyr=4% We know that if…