Use the compound interest formula to compute the total amount accumulated and the interest earned. $2500 for 4 years at 3.6​% compounded monthly The total amount accumulated after 4yrs is $_____ Round to the nearest cent as needed

Q: Use the compound interest formula P = A(1 + i)n, where A is the original value of an investment, i…

A: The given equation is

Q: Assume that we invest $3000 for one year in a savings account that pays an APR of 10% compounded…

A: Assume that we invest $3000 for one year in a savings account that pays an APR of 10% compounded…

Q: Use the present Valua formula to det mine the amount to e invested now, or the present value needed.…

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Q: Credit Card Interest A department store charges 1.25%per month on the unpaid balance for customers…

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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: You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: semiannually

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

Q: Use the continuous compound interest formula to find the indicated value. A= $87,000; P = $63,270; r…

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Q: A deposit of $386 is in a bank for 35 years earning interest rate of 11.5%. Find interest earned if…

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Q: You invest $13,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

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

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Q: Find the interest rate needed for an investment of $3,000 to double in 6 years if interest is…

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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: At the age of 29, to save for retirement, you decide to deposit $90 at the end of each month in an…

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Q: Use the compound interest formula A=P(1+r/n) to the power of nt to complete this problem. If you…

A: Given: We invest $2500 in an account that pays an annual percentage rate (APR) of 3.72%, and the…

Q: Use the compound interest formula  ?=?(1+??)??A=P(1+rn)nt  to complete this problem.   If you…

A: you invest $9200 in an account that pays an annual percentage rate (APR) of 5.76%, and the interest…

Q: Use the compound interest formula to complete this problem. If you invest $5000 in an account that…

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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 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 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: $850 at ​6% compounded daily for 16 years The final value is what

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Q: A couple plans to save for their child's education. What principal must be deposited by the parents…

A: Given: Amount required is, A=$90,000. Number of years is, t=20. Rate of interest is, r=8.5%=0.085.…

Q: At the age of 29, to save for retirement, you decide to deposit $90 at the end of each month in an…

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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 A=P(1+rn)ntA=P(1+rn)nt to complete this problem. If you invest…

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Q: Find the annual yield as a percentage for an annual interest rate of 3.63% compounded weekly. The…

A: Given, r = 3.63%

Q: Which investment results in the greatest total amount? Investment A: $5,000 invested for 5 years…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

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: You invest $15,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

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Q: A person puts $6,500 in a savings account. The bank pays 7% annual interest compounded quarterly. nt…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=6500 r=7%=0.07 n=4 for…

Q: You invest $13,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Here given that                      principle amount (P)=13000 $                      Interest rate…

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

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Q: You put $500 in an interest bearing account with an annual interest rate of 8% compounded quarterly.…

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

A: Answer:-  Amount to be achieved =$5000 Time=3years Simple interest=4.5%=4.5/100=0.045

Q: You deposit $3900 in an account earning 6% interest compounded semiannually. How long will it take…

A: We will use the given compound interest formula to solve this question.

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

A: Present value: The present value formula is given by PV=FV1+rn where FV is the future value, r is…

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…

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

A: Given that the amount to be achieved (A)= $ 6000   Time (t) = 3 years   Simple interest (r) = 4.5 %…

Q: You charge $2500 to a credit card. Use the compound interest formula to find the new amount you'll…

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Q: If $24,000 is invested in an account for 20 years. Find the value of the investment at the end of 20…

A: This question is based on simple interest and compound interest.

Q: A man invests $2000 in an account that pays 7.5% interest per year, compounded quarterly. (a) Find…

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Q: You invest $19,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

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