Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if a principal amount of $4000 is deposited in an account at an annual interest rate of 5% and the interest is compounded quarterly. the amount after 7 years will be what?

Q: $11,000 is invested for 9 years at an annual simple interest rate of 11%. (a) How much interest…

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Q: According to the Federal Reserve, from 1971 until 2014, the U.S. benchmark interest rate averaged…

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Q: $12,000 is invested for 3 years at an annual simple interest rate of 15%. (a) How much interest…

A: (a) Consider the formula for the simple interest is, SI=PRT Then, SI=12000151003=$5400 Thus, the…

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

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: Use the formula for computing future value using compound interest to determine the value of an…

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Q: account

A: We will find the balance in the account after 9 years.

Q: 3. Find the future value if 1000 dollars is invested at interest rate 3% compounded semi-annually…

A: Given that $1000 is invested for a 3% compound interest semi-annually for 2 years.

Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

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

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

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Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: Use the appropriate formula to find the future value (in $) of $300 deposited at the beginning of…

A: From the provided information,

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: We have to solve

Q: How to calculate this? What is the future value of $1966 that you have today, in 14 years, assuming…

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Q: You deposit $9000 in an account that pays 5.5% interest compounded quarterly.   A. Find the future…

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Q: You deposit $13,000 in an account that pays 4% interest compounded quarterly.   A. Find the future…

A: Given information Principal = $13,000 Rate of interest = 4% Time = 1 year Compounded quarterly

Q: Use the compound interest formula to compute the future value of the investment. Round to the…

A: initial deposit P = 1500 rate of interest r = 4% = 0.04 compounded quarterly means 4 times per year,…

Q: If $16,000 is invested at 8% for 12 years, find the future value if the interest is compounded…

A: Given that  If $16,000 is invested at 8% for 12 years To find the future value if the interest is…

Q: a) Find the future value of an annuity when the páyment is P13,750 quarterly, the interest is 6.5%…

A: Given Quarterly payment= 13750 Interest = 6.5% Terms 6 years

Q: $11,000 is invested for 6 years at an annual simple interest rate of 16%. (a) How much interest…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A: It is given that, the principal amount P is $2500, interest rate r is 0.08 and n is 365 days.Formula…

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

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Q: For each deposit, find the future value (that is, the final amount on deposit) when compounding…

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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: Finance. A person wishes to have $23,900 cash for a new car 3 years from now. How much should be…

A: 1 year consists of 52 weeks. So, the interest will be compounded 52 times annually. The formula for…

Q: Find the present value for the following future amount.   ​$4000 at 4​% compounded annually for 6…

A: As we know that the expression for the compound interest is:   A=P(1+rn)nt   Where,   A=Future…

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

A: FV = P(1+TR)

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: We have to find the future value of each deposit if the account pays: a Simple interest: We can…

Q: A couple deposits $25,000 into an account earning 5 % annual interest for 20 years. Calculate the…

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Q: Given Problem: A woman has deposited Php 60,000 in a savings account. Bank pays an interest at a…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Here we have to find the future value by compound interest.

Q: Find the future value, using the future value formula and a calculator for $855 at 4.3%. Round your…

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Q: To offer scholarships to children of employees, a company invests $10,000 at the end of every three…

A: (a) It is given that, P = $10,000, r = 0.09, n = 4 and t = 10. Substitute P = $10,000, r = 0.09, n =…

Q: what is the future value of $4000 earning 18% interest, compounded monthly, for 8 years? round your…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Monthly interest rate and future value will be calculated using the formula,

Q: Find the future value, A, of a savings account after 15 years starting with a principle of $1000 and…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: What are the future value and the interest earned if $4000 is invested for 3 years at 8% compounded…

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Q: Investments Find the 7-year future value of aninvestment of $20,000 placed into an account thatpays…

A: The amount of investment is $20,000 The time period of the investment is 7 years The rate of…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Given , years if a principal amount of ​$19,000 is deposited in an account at an annual interest…

Q: What is the future value of $117,000 invested for 5 years at 10% compounded monthly?

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Q: Find the future value if $9000 is invested for 13 years at 13% compounded annually. (Round your…

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

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Q: Find the future value and interest of $10,000 at 6.3% compounded annually for 20 years. A. Future…

A: This question belongs to compound interest. We have to find amount and interest.

Q: What is the future value of $4000 earning 12% interest, compounded monthly, for 8 years? (Round your…

A: Given that $4000 earning 12% interest, compounded monthly, for 8 years.

Q: Find the future value if $3000 is invested for 13 years at 11% compounded annually

A: P=$3000,  t=13  ,  r=11%=0.11  &  n=1 compounded annually

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

A: Given information Present value = $921 Rate of interest = 5.5% Year = 7% r = quarterly rate