Use the compound interest formula to determine the final value of the given amount. $2000 at 6% compounded continuously for 9 years

Q: A savings account deposit $2000 is to earn 3.5% compounded quarterly. Assuming there are no deposit…

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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: Finance. A person wishes to have $24,400 cash for a new car 4 years from now. How much s ccount now,…

A: INTRODUCTION: The formula for compound interest is given by, A=P1+rnnt Where P is the principal…

Q: Appa deposits $2500 in an account earning 3.1% interest compounded monthly. How much will Appa have…

A: Use compound interest formula

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

A: From the given information, Present value (PV) = $119,100  Number of years (n) =30 Annual interest…

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

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Q: In the formula A(1) = P(1 + )" for compound interest the letters P, r, n, and t stand for…

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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 how much money needs to be deposited now into an account to obtain $7,200 (Future Value) in 8…

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Q: A passbook savings account has a rate of 6%.Find the effective annual yield of the interest is…

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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: Finance. A person wishes to have $28,300 cash for a new car 7 years from now. How much should be…

A: To find amount invested to get amount $28,300 after 7 years, if the account pays 4.1% annual…

Q: Use the continuous compound interest formula to find the indicated value. A= $6,800 r=9.83% t=11…

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Q: Use the continuous compound interest formula to find the indicated value. A=$18,543; P=$10,500; t=72…

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Q: passbook savings account has a rate of 6%. Find the effective annual​ yield, rounded to the nearest…

A: Given that rate of interest = 6%rate of interest = 6100= .06Compounded monthly i.e n = 12 and t =1

Q: Use the continuous compound interest formula to find the indicated value. A= $6,800 r= 9.83% t=11…

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Q: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

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Q: TRILS Manually calculate the compound interest on an investment of $14,000 at 4.5% interest,…

A: Given that  Initial amount 14000 Rate of interest is 4.5% and semiannual for 2 years  To find the…

Q: If $20,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value…

A: Given,

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

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Q: An investment of P2,850 is made at the beginning of each month for 6 years and 7 months. How much…

A: Given that investment of P=2850 per month  for time T=6 years and 7 months= 79 months rate of…

Q: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

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

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

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Q: Assume the interest rate is compounded annually. a. Assume the interest rate is compounded continuou…

A: Solution :-

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 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: A couple deposits 24,000 into an account earning 5 percent annual interest for 20 years. Calculate…

A: Given, P=24000   Interest  =r= 5% Time =t =20 years The investment compounded daily. n=365

Q: A bank offers an investment account with an annual interest rate of  1.28%  compounded monthly.…

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Q: If $10,000 is invested at an interest rate of 4% per year, compounded semiannually, find the value…

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Q: Find the future value and interest of $10,000 at 5.8% compounded continuously for eight years. A.…

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Q: If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A: Principal amount, P = $10,000 Rate of interest, r = 2%                              = 2100  = 0.02…

Q: A passbook savings account has a rate of 10%. Find the effective annual​ yield, rounded to the…

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Q: Finance. A person wishes to have $23,800 cash for a new car 7 years from now. How much should be…

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Q: If $300 is invested at a rate of 6% per year and is compounded quarterly, how much will the…

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

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Q: Write down the formula for B if an annual interest rate of 4. 8% is compounded every second month.

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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: A credit card charge 29% p.a interest compounded daily. Assuming that you borrow $3000 on the credit…

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Q: Ali Williams invests a $25,000 inheritance in a fundpaying 5.5% per year compounded continuously.…

A: Given, Ali Williams invests $25,000 Rate of interest Compounded continuously=5.5% per year

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

A: The present value formula to determine the  amount to be invested now or the present value needed…

Q: Finance. A person wishes to have $27,200 cash for a new car 7 years from now. How much should be…

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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: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

A: Topic:- future value

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

A: Given information:Accumulated amount (A)= $120,000Rate of interest (r) = 4% = 0.04Number of years…

Q: Assume that there are no deposits or withdrawals. An initial deposit of $12,000 earns 6% interest,…

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

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Q: Annuities Find the present value of an annuity thatwill pay $500 at the end of each year for 20…

A: Annuity is similar to a long term insurance that we pay periodically and receive disbursements in…

Q: A passbook savings account has a rate of 8 %.Find the effective annual​ yield, rounded to the…

A: Let’s assume the final amount given in the passbook is A.The given data is rate of interest 8%, time…

Q: Use the compound interest formula to determine the final value of the given amount. $1800 at 10%…

A: We will find the final value that means the amount in the following step

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

A: ​$15,000 is invested for 8 years with an APR of 2​%and quarterly compounding