What are the future value and the interest earned if $3200 is invested for 4 years at 8% compounded quarterly? (Round your answers to the nearest cent.) future value $  interest earned

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Q: What are the future value and the interest earned if $4000 is invested for 4 years at 8% compounded…

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A: The formula for future value is as follows. FV=PV1+rnPV is the present valuer is the rate of…

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A: Amount invested by the smoker=307.5$. Rate of interest=4.3% Time period=40 years.   Amount…

Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

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A: Future Amount, A = $22000 Rate of interest, r = 9% = 0.09 The number of times the interest is…

Q: Against expert advice, you begin your retirement savings at age 40. You plan on retiring at age 65.…

A: Recall that the annunity formula is given byPn = d(1+r1212n -1r12Where d is the monthly deposit…

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A: We have to solve

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A: Given that a woman deposits $12,000 at the end of each year for 15 years in an investment account…

Q: What are the future value and the interest earned if $2600 is invested for 5 years at 8% compounded…

A: givenP=$2600n=5 yearsR=8%let future value is Athereforesince problem is compounded quarterly then…

Q: To pay for new machinery in  6  years, a company owner invests  $30,000  at  9.5%  compounded…

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A: Given: A recent college graduate's gift from her grandparents is $22,000 and assumes that money is…

Q: If $3,000 is compounded annually at 6.5% for 13 years, what is the future value

A: Given, $3,000 is compounded annually at 6.5% for 13 years, We have to find the future value of the…

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A: Recent sales of some real estate and record profits makeit possible for a manufacturer to set a side…

Q: What are the future value and the interest earned if $3400 is invested for 7 years at 8% compounded…

A: Given, Present value= $ 3400 Term(t)= 7 years Rate of interest (r)= 8%= 0.08 Compounded quarterly,…

Q: A couple deposits $24,000$⁢24,000 into an account earning 3%3% annual interest for 3030 years.…

A: Given: Principal amount, P=24000 Rate of interest, r=3% Number of years, t=30 years The objective is…

Q: Find the amount that should be set aside today to yield the desired future amount.   Future amount…

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Q: What are the future value and the interest earned if $4000 is invested for 7 years at 8% compounded…

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Q: Harry is 30 years old and plans to retire at age 70 years with $1,200,000 in his retirement account.…

A: We have given A=$1,200,000  ,r=2.75% t=70-30=40 years compounded quartly (n)=4we know the formula…

Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

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Q: What are the future value and the interest earned if $4000 is invested for 6 years at 8% compounded…

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Q: Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have…

A: Formulas: For Appa Monthly  compound intrest      A=P(1+(r/12))12t For Dailyly  compound intrest…

Q: A house is rented for $3000 per quarter, with each quarter's rent payable in advance. If money is…

A: House is rented for $3000 per quarter. If money is worth 9% compounded quarterly. n=123=4

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Q: Fred is an employee of a company that specializes in repossessing aircrafts owned by private…

A: topic - compound interest

Q: What are the future value and the interest earned if $3200 is invested for 6 years at 8% compounded…

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Q: What are the future value and the interest earned if $3000 is invested for 6 years at 8% compounded…

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Q: each month for 9 years and the interest rate is 7.2% compounded monthly. N= FV=

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Q: An investment company pays 7% compounded semiannually. You want to have $8,000 in the future.

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

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Q: What are the future value and the interest earned if $2600 is invested for 4 years at 8% compounded…

A:

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: Given information Present value PV=$10,000 Interest rate r=0.3% per month ⇒r=0.3100=0.003 Time t=10…

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Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Given Principal = $100,000, Time, n = 20 years and Rate of interest, r = 5%. Obtain the interest…