Use the compound formula to compute the total amount accumulated and the interest earned $7000 for 5 years at 7.5  % compound monthly.  The total amount accumulated after 5 years is ? round to the nearest cent as needed

Q: You deposit $3000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Since, there has been a deposit of $3000 in an account earning 2%interest compunded monthly. Our aim…

Q: Use the formula for the value of an annuity to solve:To offer scholarship funds to children of…

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Q: Find the final amount of money in an account if $6,300 is deposited at 2.5% interest compounded…

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Q: Find the interest earned: $850 for 10 years at 5% annual compound interest

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Q: You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Solution-  P = $5000 r = 5% or 0.05 t = 15 years n = 12 ( compounding monthly) Formula is given by…

Q: Find the amount that should be invested now to accumulate the following amount, if the money is…

A: Formula for compound interest is,

Q: Find the final amount of money in an account if $1, 300 is deposited at 4 % interest compounded…

A: When the interest is compounded, then the formula used is   , where, A is the final amount, P is the…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

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: You borrow $4500 at 5% interested compounded quarterly. How much will you owe after 7 years?

A:

Q: An account is compounded monthly for 5 years with an APR of 9%. For the principle amount of $15,000.…

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Q: You deposit $2000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: Given that:                     Principal amount, P=$2000Rate of interest, r=8%Time period, t=15

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: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: $700 is invested at 4.75% annual interest, compounded monthly. What is the balance after 25 years?…

A: The principal amount, P = $700 Rate of interest, r = 4.75% = 0.0475 The number of times interest…

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: Use the compound interest formula to determine the accumulated balance after the stated period.…

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Q: You deposit $500 each month for 15 years into an account earning 6% interest compounded monthly.…

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Q: read question carefully, it says round to the nearest hundred dollars

A: Consider the given information:

Q: Use the compound interest​ formula, A=P1+rnnt​, to solve the problem given. Round answers to the…

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Q: Use the compound interest formula to complete the total amount accumulated and the interest earned…

A: Given,

Q: Find the compound amount for the deposit and the amount of interest earned. $8100 at 9% compounded…

A:

Q: A loan of $23,000 is made at 5% interest, compounded annually. After how many years will the amount…

A: Proceed as shown below

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

Q: Read question carefully

A: The compound interest formula ( if the interest is compounded on daily basis) is given by:

Q: A student wishes to invest $500 in a savings account yielding 3% annual interest compounded every 6…

A: Compound interest formula needs to be applied.

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

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

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Q: Use the compound interest formula to compute the total amount accumulated and the interest earned…

A: Recall the following fact.

Q: Find the final amount of money in an account if $4,900 is deposited at 3% interest compounded…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

Q: Find the interest earned: $7,500 for 15 years at 10% annual compound interest

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Q: If you invest $8700 in an account that pays an annual percentage rate (APR) of 4.32%, and the…

A: Compound interest can be evaluated by using the following formula.

Q: A loan of $26,000 is made at 8.75% interest, compounded annually. After how many years will the…

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Q: Find the final amount of money in an account if $4, 600 is deposited at 8% interest compounded…

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Q: Using the formula: A = P (1 +-) , determine how many years, to the nearest hundredth, it will take…

A: In the formula A=P1+rnnt, A is the future amount, P is the invested amount, r is the rate of…

Q: Find the missing interest earned.   Principal   Rate   Compounded   Time   Final Amount…

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Q: Use the formula A = P(1+ )" to find the total amount of money accumulated for an initial investment…

A: Given  Investment P = $600 Interest rate r = 8% compounded semiannually Times t = 9 years To find…

Q: Find the final amount of money in an account if $1, 900 is deposited at 2 % interest compounded…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Given: N = 15 Years P15 = $6000 r = 5% = 0.05 k = 1 P0 = ? Formula Used: PN = P01+rkNk PN = Balance…

Q: Find the final amount of money in an account if $4, 700 is deposited at 2.5 % interest compounded…

A: solution:-

Q: You deposit $2000 in an account earning 4% interest compounded quarterly. How much will you have in…

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Q: Using the formula A=P(1+r/n)^nt, calculate the interest earned in 6 years on $865 deposited in an…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

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Q: Find the final amount of money in an account if $4, 900 is deposited at 6 % interest compounded…

A: Use the formula for the compound interest to calculate the final amount P. P=$4900r=6%=0.06n=4…

Q: What is the balance in a college fund after 20 years if $5000 was invested at 5% nt compounded…

A: The principle invested is P=$5000. The time period is 20 years. The rate of interest is 5% and it is…

Q: Use the compound interest formulas to a. calculate the total amount in the account after the given…

A: As per our guidelines we can answer to a maximum of 1 question. Kindly repost the remaining…

Q: A loan $43,000 of is made at interest 5%, compounded annually. After how many years will the amount…

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Q: МАЗВ A student borrows money to buy furniture for a new apartment. The student will pay back $125.42…

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Q: Use the formula for simple interest, I = Prt, to find the indicated quantity. |= $64; r= 8%; t = 6…

A: Given that  I= $64 r=8% = 0.08 t=6 months = 0.5 years   We know that Simple interest (I) = P x r x t…