You deposit $2000 in an account earning 4% interest compounded monthly. How much will you have in the account in 10 years? Round to the nearest penny.

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: Find the balance on an account if you invest $ 759 at 3.9 % for 2 years compounded monthly.

A: Given: Amount of money invested is $759. Rate of interest is 3.9%. Time is 2 years. Rate is…

Q: You deposit $600 in an account earning 3% interest compounded annually. How much will you have in…

A: Here I am attaching image so that you understand each and every step.

Q: You deposit $500 each month into an account earning 4% interest compounded monthly. a) How much will…

A:

Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

A: Given: Deposited amount  P0=400           Interest R=4%           Compounded anually n=1…

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much will…

A:

Q: You deposit $2000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: Given that:                     Principal amount, P=$2000Rate of interest, r=8%Time period, t=15

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

A:

Q: Brad has a government bond that will be worth $10,588.13 in seven years.  The bond has an interest…

A:

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

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: Grandparents deposited P6,000 into a grandchild's account. How mUch money (to the nearest peso) will…

A:

Q: Bill is saving for his son's college education. If the savings account earns 5% interest compounded…

A: First I have written the formula for future value when money is invested with compound interest.Just…

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 deposit $1000 each year into an account earning 4% interest compounded annually. How much will…

A:

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

A:

Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

A:

Q: You deposit $500 each month into an account earning 8% interest compounded monthly. a.how much will…

A:

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: How much will you have in an account after 25 years if you put $1900 per month in the account earns…

A: Amount after t years on investing Principal amount of $P in an account with R% of rate of interest…

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

A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

Q: You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in…

A: You deposit $2000 in an account earning 8% interest compounded monthly.To determine how much will…

Q: You deposit $100 each month into an account earning 2% interest compounded month a) How much will…

A:

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

A:

Q: You deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in…

A:

Q: A recent college graduate received $25,000 as a gift from her grandparents. How much will this…

A:

Q: BANKING Malik deposits $5000 in an account that pays 3.9% interest compounded weekly. What will be…

A:

Q: You deposit $600 in an account earning 6% interest compounded annually. How much will you have in…

A:

Q: Duncan opened a savings account and deposited $200.00 as principal. The account earns 7% interest,…

A:

Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

A:

Q: Laura saves ​$27 at the end of each week and deposits the money in an account paying 9%…

A:

Q: A youth sports league receives a ​$30,000 donation for building a new snack bar and office building.…

A: A=P1+rnntFor quarterly, n=4

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: You borrow $710 from your brother and agree to pay back $770 in 3 months. What simple interest rate…

A:

Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

A:

Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

A: Topic - Compound Interest

Q: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will…

A: Given:   P = 1000    r = 2% = 2/100 = 0.02    t = 20    n = 1 ( compounded annually )

Q: You deposit $300 in an account earning 7% interest compounded annually. How much will you have in…

A:

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: You invest $4000 in an account with an APR of 3% and daily compounding. How much will you have after…

A:

Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

A:

Q: You deposit $2000 in an account earning 4% interest compounded quarterly. How much will you have in…

A:

Q: Mike buys a ring for his fiancee by paying $30 a month for one year. If the interest rate is 10% per…

A: It is given that monthly payment is $30 for one year and the interest rate is 10% per year. To find…

Q: Shayla deposited $6,000 into an account earning 5% interest per year, compounded every 6 months. She…

A: Please check step 2 for the solution.!

Q: You deposit $400 each month into an account earning 6% interest compounded monthly. How much will…

A:

Q: Sally has a sum of $20000 that she invests at 11% compounded monthly. What equal monthly payments…

A: Solution

Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

A: