Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 6 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much (in $) will be in the account at the end of the 6 year period? $   (b) What is the total amount (in $) of interest earned in this account? $

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

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A: Given Data The deposit amount is P=$75. The interest rate per month is r=6.5%. The time at age of 25…

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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…

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Q: in six 2. In order to save for her high school graduation, Marie decided to save P200 at the end of…

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Q: Find the final amount of money in an account if $4,500$4,500 is deposited at 6.5%6.5% interest…

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A: Given data: The future value is FV=$80000. The time taken is t=13 years. The APR is r=3.3%.

Q: Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3…

A: Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 8 years…

Q: An account is opened with an initial deposit of $4600 and earns 7.3% interest, compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=4600 r=7.3%=0.073 n=2 for…

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Q: Suppose a certain manufacturer deposits $3,000 at the beginning of each 3 month period for 8 years…

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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

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A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

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Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

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A: compounded annualy , final amount = ?

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Q: a. Bank Nizwa offers a saving account at the rate 21% simple interest. If you deposit RO 955 in this…

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Q: (a) If $1,000 is irvested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

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Q: compounded quarterly

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

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

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Q: in

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Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

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A: To determine the initial amount (principal) in the given compound interest problem

Q: Find the final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

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