Use the present value formula to determine the amount to be invested​ now, or the present value needed. The desired accumulated amount is ​$95,000 after 13 years invested in an account with 7​% interest compounded semiannually.

Q: Use the compound interest formula to compute the total amount accumulated. $7,000 for 5 years at 2%…

A:

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest…

A: To find amount need to invest per month to get $800000 after retirement

Q: You invest $500 into an account that collects 1% interest each month. If you add an addi- tional $50…

A: Solution: If you invest $ 500 in an account you will collect at the end the monthly rate of interest…

Q: If the nominal interest rate is 14.5% per year compounded weekly, the effective annual interest…

A:

Q: You deposit $5000 each year into an account earning 6% interest compounded annually. How much will…

A: Given:

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

A: Given that,Principal amount = $3000Rate = 6%Time = 2 years

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

A:

Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Given: It is given that the interest is compounded. and therefore the formula should be used here is…

Q: uppose that $5,000 is invested at 5.8% annual interest rate, compounded monthly. How much money will…

A:

Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: You deposit $8400 into an account earning 6% interest compounded quarterly. How much interest will…

A:

Q: A loan of $27,000 is made at 8.25% interest, compounded annually. After how many years will the…

A: A=P1+rtP is the initial amountA is the amount after t years.r is the rate of interest

Q: You deposit $2000 at the beginning of each year into an account earning 4% interest compounded…

A:

Q: How much would you need to deposit in an account now in order to have 5000 in the account and 10…

A:

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

A:

Q: How much would you need to deposit in an account now in order to have $5,000.00 in the account in 13…

A:

Q: Find the final amount of money in an account if $6,600 is deposited at 6% interest compounded…

A: Given: An amount of $6,600 is deposited at 6% interest compounded annually and the money is left for…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Use formula of compound interest

Q: You deposit $4,000.00 each year into an account earning 2% interest compounded annually. How much…

A:

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

A: Given, We want to have $ 30,000 in the account in 5 years   We have to find how much we need to…

Q: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

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

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

A: Given query is to find the amount after indicated time.

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

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: Use the compound-interest formula to find the account balance A, where P is principal, r is interest…

A:

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

A:

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: earned

A: Formulas are given below.

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

A:

Q: Find the accumulated value of aninvestmen of $10,000 for 5 years at an interest rate of 5.5%…

A:

Q: account

A:

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

A:

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

A:

Q: How much would you need to deposit in an account now in order to have $4,500.00 in the account in 6…

A:

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

A:

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

A: Question is solved.

Q: You deposit $1000 each year into an account earning 3% interest compounded annually. How much will…

A: Given, every year $1000 is deposited with 3% compound interest annually. here we shall use the…

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

A:

Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Complete the table for a savings account in which interest is compounded continuously. Initial…

Q: Mindy invests $4500 at 6% interest. Compounded semi-annually. How much interest will be added after…

A: We can solve the problem by the rule of compound interest.

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

A:

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

A:

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

A:

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 formula to determine the accumulated balance after the stated period.…

A:

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

A: