You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 20 years?

Q: You deposit $5000 each year into an account earning 7% annual interest compounded annually. How much…

A: Use formula to calculate

Q: Mr. Gordon plans to invest $200 at the end of each month in an account that pays 9%, compounded…

A:

Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A:

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

A: Given:

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest…

A:

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: You deposit $400 in an account earnings 3% interest compounded annually. How much will you have in…

A:

Q: Find the final amount of money in an account if $3,700  is deposited at 7%  interest compounded…

A:

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A:

Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…

A:

Q: Ken is paying P2,500 every 3 months for the amount he borrowed at an interest rate of 8% compounded…

A: Given information Paying every 3 months P=2,500 Interest rate r=8% compounded quarterly For…

Q: To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16 years.…

A: Given that, To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16…

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: You deposit $175 in an account that pays 4% interest compounded quarterly. How much will you have in…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: Find the value of a $3,000 certificate in 2 years, if the interest rate is 10% compounded annually.

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…

A:

Q: At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded…

A:

Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded…

A:

Q: Springfield Florist plans to replace its delivery vehicle in three years. If they set aside $16,000…

A:

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: Christine contributes $ 100 each month to her 401K account. To the nearest dollar, what will…

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: If you want to have a million dollars 31 years from today, how much should you invest in your…

A: The formula for compound interest :   A = P(1+r/n )nt   Where A = Total amount , P = initial…

Q: You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How much money will be…

A:

Q: You deposit $400 in an account earning 7% interest compounded annually. How much will you have in…

A: Given  Principal P=400 Rate of interest r=7% year t=10 number of compounded n=1 we know that…

Q: John deposits $2,000 into a CD that guarantees a 5.8% annual interest rate, compounded yearly. How…

A: Initial deposite= P= 2000 Final amount=A=? Time=t= 4 years  Interest rate = 5.8%=0.058  Number of…

Q: If you invest $7,000 in an account paying 3% interest compounded quarterly: how much will be in the…

A:

Q: You deposit $4000 each year into an account earning 6% interest

A:

Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

A:

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A: Given: Principle amount (P)= $1,000,000 Rate of interest r=12% Time period= 20 years

Q: You deposit $1,000.00 each year into an account earning 5% interest compounded annually. How much…

A:

Q: You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in…

A:

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A:

Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

A:

Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…

A: Initial amount=P= 600 Interest rate= r= 7%=0.07  Time=t= 20 years Number of times compounded in a…

Q: Riley invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded annually, how…

A: Compound interest

Q: You deposit $3000 in an account earning 6% interest compounded monthly. How much will you have in…

A: Given  Principal = $3000 rate = 6% compounded monthly  time = 5 years

Q: You deposit $3000 in an account earnings 3% interest compounded monthly. How much will you have in…

A:

Q: Bill invests $7,500 in an account with 7.2% interest that is compounded twice a year. How much is in…

A: The formula for the amount for the compound interest is given by formula is given by  A=P1+rnnt…

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A:

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A:

Q: You deposit $300 each month into an account earning 6% interest compounded monthly. How much money…

A:

Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

A:

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A: Formula used to solve the given problem is given below: An=P×1-1+r-nr Where; P= periodic payment…

Q: You deposit $1,500 in an account at the Lifelong Trust Savings and Loan that pays 6% per year…

A: We have PV=$1500         , Present Valuer    =6                , Rate of interestm  =4…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A: