You deposit $3000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 15 years?

Q: A man needed P250, 000 at the end of 3 years, how much money must he deposit quarterly in an…

A:

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

A: Use formula to calculate

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 $400 in an account earnings 3% interest compounded annually. 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: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

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 $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: You deposit $2000 at the beginning of each year into an account earning 4% interest compounded…

A:

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…

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

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Q: paying 15.5%

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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: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: ANSWER :

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

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

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

A:

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

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: Russell invested 50,000 pesos in a bank that pays 8% compounded quarterly for 5 years. How much is…

A: We used the formula A=P(1+r/n)^(nt)

Q: Jason thinks he can save enough to deposit P1,200 in the bank at the end of each year for the next…

A: The future value of an annuity is given by FV=PMT×1+in-1iWhereFV=future value of annuityPMT=cash…

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 $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: Jason started to deposit P20,000 quarterly in a fund that pays 2% compounded quarterly. How much…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

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

A:

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: Inga Moffitt invests a bonus of $9000 at 6% annual interest compounded semiannually for4 years. How…

A: P=$9000,  r=6%=0.06,  t=4  &  n=2 Now total amount earned is,…

Q: At the beginning of every three months, a college student deposits P3,000 in a fund that gives 2%…

A: Given:      Principal =$3000     Quarterly Interest rate =2%=2%4=0.5%=0.005     number of times n=3…

Q: You deposit $6000 in an account earning 7% 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: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

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: 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: Karen borrowed $2000. How much will she pay back in 1 year if she is charged 2% a year, compounded…

A: Principal money=$2000=P time(t)=1year rate of interest(r)=2% to find amount=? when compounded…

Q: You deposit $2000 each year into an account earning 7% interest compounded annually. How much will…

A: