Use the compound interest formula to compute the total amount accumulated and the interest earned $7500 for 2 years at 5.5% compounded monthly  The total amount accumulated after 2 years is ​$___ Amount of interest earned is $__ Round to the nearest cent as needed

Q: Use the compound interest formula A =P to compute the total amount after $4500 is invested at 5%…

A: The total amount $4500 invested at 5% over 5 years compounded daily (n=365)

Q: Use the appropriate compound interest formula to compute the balance in the account after the stated…

A: Given  P = 13000 ,  r = 2%=0.02 , t= 5 yearsCompounded quarterly  n = 4

Q: A person invests 6500 dollars in a bank. The bank pays 7% interest compounded quarterly. To the…

A: here A=amount=principal+interest p=principal amount r=interest rate n=number of compounds in 1 year…

Q: semiannually

A: To find the amount we have to double time and rate half, to find amount semiannually. Please rate…

Q: Use the present value formula to determine the amount to be invested now, or the present value…

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Q: Use compound interest formula to determine value of an account at the end of 7 years if the…

A: To find the value of r and n, divide the rate of interest by 4 and multiply the period by 4,…

Q: Use the present value formula to determine the amount to be invested now, or the present value…

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Q: How much money will there be in an account at the end of 6 years if $6000 is deposited at 4%…

A: Given: P=6000  dollarsr=4%t=6  yearssemi−annually

Q: A person invests 6500 dollars in a bank. The bank pays 5.5% interest compounded daily. To the…

A: Given data is : P=$6500 Interest r=5.5% compounded daily, therefore n=365 Let after time t years…

Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: It is given that, the accumulated amount is $150,000 after 3 years invested in an account with 8%…

Q: Use the appropriate compound interest formula to compute the balance in the account after the stated…

A: The balance in the account after 9 years ?

Q: A person invest 9000 dollars in the bank.The bank pays 5% interest compounded semi-annually.To the…

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Q: $12,000 is invested at 10% interest. Find the amount at the end of 3 years if the interest is…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

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

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Q: 10% compounded every 2 months for 6 years. a) what is the annual interest rate as a decimal? b)…

A: A) 10% compounded every 2months so the annual interest rate must be 6*10 = 60%  since there are 12…

Q: A person invests 6500 dollars in a bank. The bank pays 4.75% interest compounded annually. To the…

A: First of all, consider the formula to calculate compound interest and the terms related to it.A =…

Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

A: Solution :-

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

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Q: Use the compound-interest formula to find the account balance A with the given conditions, where P =…

A: Consider the table:   P r Compounded n  t  A    $ 120,000 3.5 Annually   9…

Q: Given the annual interest rate and the compounding period, find i, the interest rate per compounding…

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

Q: Determine the value of an account at the end of 10 years of a principle amount of $16000 is…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

A: Given that, The desired accumulated amount =$85,000 compound semiannually interest rate=8% Number of…

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

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Q: A person invests 8000 dollars in a bank. The bank pays 6.75% interest compounded quarterly. To the…

A: A = P1+r100nnt A = Future value of the money (in $) P = Present value of the money (in $) r = rate…

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

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

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

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Q: ind the present value, using the present value formula and a calculator. (Round your answer to the…

A: We know that present value formula Present value =Future value /(1+r)n Where r= rate of returns…

Q: Use the compound interest formula to determine the accumulated balance after the stated period $2000…

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Q: Use the compound interest formulas A = nt and A = Pert to solve. Find the accumulated value of an…

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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: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Concept Used: Compound interest : A=P1+rnnt Where, P - The principal , amount invested A- The new…

Q: Use the compound formula to compute the total amount accumulated and the interest earned $7000 for 5…

A: Initial amount = P= 7000 Time= t= 5 years Interest =r= 7.5%= 0.075 Number of times compounded in a…

Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

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

A: To use the compound interest formula to compute the total amount accumulated and the interest…

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

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Q: Use the compound interest formula to determine the final value of the given The final value is $…

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

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Q: the appropriate compound interest formula to compute the balance in the account after the stated…

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Q: Use the appropriate compound interest formula to compute the balance in the account after the stated…

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Q: You invest $1500 with CartyFund Bank earning 8% interest compounded quarterly (4 times each year).…

A: Given amount of investment is $1500 with 8% interest compounded quarterly and the time period is 6…

Q: Find the total amount in the compound interest account. 5600 Is compounded monthly at a rate of 14%…

A: Given, Initial amount=5600 Rate of interest=14% Number of years=7 Number of times compounded in a…

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

A: Principal Amount P=$4,500 Time t =5 years Rate of interest r=1.7%=0.017 Compounded monthly n=12

Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Recall the following fact.

Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Present value formula: P= F / [1+(r/c)]ct Where P= present value       F= future value…

Q: Use the compound interest formula to determine the final value of the given The final value is S…

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Q: Use the present value formula to determine the amount to be invested now, or the present value…

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

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Q: determine the accumulated balance after the stated period.   ​$6000 invested at an APR of 7​% for 8…

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