You put $500 in an interest bearing account with an annual interest rate of 8% compounded quarterly. How much money will be in the account after 2.5 years. Give your answer in dollars rounded to the nearest penny

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

A: Given:

Q: Mike deposits $5,000 in a 3-year CD account that yields 1.5% interest, compounded weekly. What is…

A: A=P1+rnnt

Q: You deposit $3000 in an account earning 5% interest compounded monthly.  How much will you have in…

A:

Q: Jasmine received a $38,000 loan from a bank that was charging interest at 4.50% compounded…

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

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Q: You deposit $6000 in an account earnings 3% interest compounded monthly. How much will you have in…

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Q: Six and a half years ago, Jenna invested $2,500 in a retirement fund that grew at a rate of 6.5% a…

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: Katie invested an amount of $18,000.00 in a mutual fund. After 4 years and 6 months the accumulated…

A: Use the formula for the compound interest and calculate the rate.

Q: Arianna invests $5600 in a new savings account which earns 5.9% annual interest, compounded…

A:

Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

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Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

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Q: You deposit $4000 in an account earning 4% interest compounded monthly. How much will you have in…

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

A:

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

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: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

A:

Q: You deposit $3000 in an account earning 4% interest compounded monthly. How much will you have in…

A: The formula of compounded interest is P'=P1+rnnt where P= original principal sum P'=new principal…

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: read question carefully, it says round to the nearest hundred dollars

A: Consider the given information:

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

A: Compound interest formula is A=P1+rnnt A = final amountP = initial principal balancer = interest…

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

A:

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

A:

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

A:

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The amount $4000 deposit in an account with rate of interest 5.1%, compounded monthly for 7…

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

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: Melanie invests $7600$⁢7600 in a new savings account which earns 4.0%4.0% annual interest,…

A: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded…

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

A:

Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in…

A:

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

A:

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

A:

Q: You deposit 130 each month into a savings account that pays 5.5% compounded monthly. How much will…

A:

Q: You deposit $200 in an account earning 4% interest compounded annually. 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:

Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…

A: