Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest cent, how much interest will he earn in 4 years? $ %24

Q: If money is worth 4% compounded quarterly, how much (in $) would the house have cost if she had paid…

A: Concept: The trigonometric ratio are ratios, sine, cosine, tangent, cosecant, secant and cotangent.…

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: Anna invested her savings of $5000 in an account earning 5.7% annual interest that is compounded…

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Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $10000 is invested…

A: Suppose P be the principal amount, R be the interest rate and t be the time, then P=$10000, R=6%…

Q: Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To…

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Q: The purchase price of an acre of land in the Louisiana purchase in 1803 was about 5 cents. Suppose…

A: Given Data: The purchase year of land is: y1=1803 The present year is: y2=2016 The buying price of…

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

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Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: Tessa invests $5400 in a new savings account which earns 5.2% annual interest, compounded monthly.…

A: P=$5400,  r=5.2%=0.052,  t=8  &  n=12 compounded monthly.

Q: A loan of $29,000 is made at 8.25% interest, compounded annually. After how many years will the…

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Q: A year-end bonus of $25,000 will generate how much money at the beginning of each month for the next…

A: Given that the year-end bonus is $25,000 that can be invested at 6.15% compounded monthly.

Q: Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested…

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Q: A principal of $4200 is invested at 3.5% interest compounded annually. How much will the investment…

A: A=P1+rnntWhere, A is the final amount,P=Principal investment,r=rate of interestn=number of times…

Q: Katie invested an amount of $18,000.00 in a mutual fund. After 4 years and 6 months the accumulated…

A: Use the formula for the compound interest and calculate the rate.

Q: an

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Q: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded monthly.…

A: Given,         Melanie invests $7600 in a new savings account which earns 4.0% annual interest,…

Q: A year-end bonus of $24,000 will generate how much money at the beginning of each month for the next…

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Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

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Q: Joe invested his $3500 bonus in an account earning 5.5% annual interest that is compounded…

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Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: Ms. Cruz borrowed P50, 000 and repaid it 5 years later. If money earns interest at16% compounded…

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Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: For her 1st birthday, Ruth's grandparents invested $1200 in an 18-year certificate for her that pays…

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Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

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Q: Liz has $80 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent,…

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Q: Abigail invested $77,000 in an account paying an interest rate of 8% compounded annually. Gavin…

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Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: A year-end bonus of $27,000 will generate how much money at the beginning of each month for the next…

A: An annuity is an investment put in a certain amount of money each year or each month. there are two…

Q: Jackie invested $8300 in an account earning 4.75 annual interest that is compounded quarterly. How…

A: Given that:                     Initial money invested, P=$8300Annual rate of interest compounded…

Q: mr. Gordon plans to invest $300 at the end of each month in an account that pays 12%, compounded…

A: We use annuity formula.

Q: Sam invests $ 2500 into an account earning 5% interest compounded quarterly. How long will it take…

A: Given that, r = 0.05,  n = 4,  P = $2500 Consider that the future amount is doubled. That is, A…

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly. How much…

A: Given p=$600, r=2.9% (r=0.029), t=5 years  for compounded quarterly n=4

Q: Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how…

A: Compound interest

Q: A year-end bonus of $20,000 will generate how much money at the beginning of each month for the next…

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Q: Julieta and Eric are purchasing a home. They wish to save money for 10 years and purchase a house…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: Using the formula: ,  determine how many years, to the nearest hundredth, it will take to double…

A: Formula: A=P1+rnnt where A=The final amount P=Initial principal balance r=interest rate n=number of…

Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

Q: For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays…

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Q: At the age of 24, you start depositing $200 each month into an IRA that pays 3.75% interest,…

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Q: interest

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Q: You invest $4000 in an account with an APR of 3% and daily compounding. How much will you have after…

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Q: A year-end bonus of $22,000 will generate how much money at the beginning of each month for the next…

A: The payment that has to be done at the beginning of each period is Annuity. In this problem, the…

Q: Greg has $9,000 in a savings account. The interest rate is 15%, compounded annually. To the nearest…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=9000 r=15%=0.15 n=1 for…

Q: Dolores invests $9800 in a new savings account which earns 4.5 % annual interest, compounded…

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Q: Tessa invests $5600 in a new savings account which earns 3.9 % annual interest, compounded monthly.…

A: Formula to find the value of final amount is A=P1+rnnt where A-Total amount at the end of the time…

Q: Jayden has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest…

A: Topic- compound interest

Q: Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many…

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Q: Shayla deposited $6,000 into an account earning 5% interest per year, compounded every 6 months. She…

A: Please check step 2 for the solution.!

Q: Oscar has $400 in a savings account that earns 1% interest, compounded annually. To the nearest…

A: Given : Principal amount (P) = $400 Interest rate = 1% time t = 2 years