What present value amounts to $21,204.90 if it is invested for 6 years at 7% compounded every 4 months? The present value is $ (Round to 2 decimal places.)

Q: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

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Q: What interest will be earned if $6600 is invested for 2 years at 12% compounded monthly? (Round your…

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Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: If $25,000 is invested at 8% compounded quarterly, how long (in quarters) will it be before it grows…

A: Here,S=35,000P=25,000r=0.08 n=4

Q: 9. If 8000 dollars is invested in a bank account at an interest rate of 6 per cent per year,…

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Q: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

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Q: how long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of…

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Q: What interest will be earned if $6400 is invested for 4 years at 11% compounded monthly? (Round your…

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Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

A: In this question, the concept of Compound interest is applied. Compound Interest Compound interest…

Q: Find the present value that will generate the future value of $1,000 at 6% compounded yearly for 7…

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Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

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Q: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

A: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

Q: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

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Q: If you deposit $300 each quarter into an account earning 3.2% compounded quarterly, how many years…

A: The future value (FV) of an annuity A with interest rate per period of r, over n periods is given…

Q: Sophia is going to invest $7,900 and leave it in an account for 6 years. Assuming the interest is…

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Q: How much money should be deposited today in an account that earns 6% compounded monthly so that it…

A: If an amount P is deposited today in an account that earns interest rate r per compounding period,…

Q: How long did it take for an investment of $27,500 to grow to at least $30,000 at 2.25% compounded…

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Q: What present value P amounts to $280,000 if it is invested at 7%, compounded semiannually, for 16…

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Q: At what interest rate will money treble if compounded continuously for 18 years?

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Q: How much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

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Q: Find the present value that will generate the future value of $2,000 at 7% compounded yearly for 8…

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Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

Q: How much should be invested now at 6.15% compounded annually to have $35,000 in 16 years?

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Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

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Q: Cynthia's investment of $81,200.00 in a fund matured to $160,353.29 in 7 years. If the interest in…

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Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data  Investment P=1000  interest rate r=3.5% =0.035  Compounded daily=n=365  Value of the…

Q: Find the amount that results from the given investment. $700 invested at 3% compounded quarterly…

A: If P is investment amount, ris rate as a decimal, n is number of compoundings per year and t is time…

Q: How long will it take $10,000 to grow to $15,000 if the investment earns an interest rate of 12% per…

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Q: Suppose you invest $5000 and would like your investment to grow to $10,000 in eight years. What…

A: Given that the initial amount= P=5000 Final amount=A= 10000 Time=t= 8 years  n=number of times…

Q: How long will it take $3,000 to grow to $20,000 if it invested at 6% compounded monthly? ___years…

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Q: a.) What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to…

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Q: If the present value of a cash flow at an annual rate of interest of 4.5% is $30000, what is the…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: What interest will be earned if $6500 is invested for 2 years at 11% compounded monthly? (Round your…

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Q: How long would iR take to double your money in an account paying 8% compounded quarterly? Ignoring…

A: Consider the Principal be "S" The amount is given by "2S". The rate of interest is 8% per annum.…

Q: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: What present value amounts to $20,000 if it is invested for 15 years at 6% compounded…

A: Compound interest: Formula :  A=P1+rnnt where ; A is the amount . P is the principal or invested…

Q: How much should you invest now at 5% compounded quarterly to have $8000 in 4 years?

A: As in compound interest quarterly A = P1+rnnt

Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

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Q: What present value P amounts to $270,000 if it is invested at 8%, compounded semiannually, for 12…

A: Determine the present value of an investment that amounts to $270,000 in 12 years if compounded…

Q: What present value P amounts to $300,000 if it is invested at 8%, compounded semiannually, for 18…

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Q: How much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

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Q: What present value P amounts to 290,000 if it is invested at 6% compounded semiannually for 12…

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Q: How long did it take for an investment of $25,000 to grow to at least $28,000 at 2.75% compounded…

A: Given: A = $28000 P = $25000 r = 2.75% We know the quarterly compound interest formula as A=P1+r44t.…

Q: How much money should be deposited today in an account that earns 8% compounded semiannually so that…

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Q: Find the amount that results from the given investment. $600 invested at 8% compounded quarterly…

A: Formula used:The future value formula:

Q: To yield $10000 in three years in an investment that pays interest at a rate of 5.4% per year,…

A: Solve for principal amount