You deposit $800 in an account paying 7.5% simple interest. Find the future value of the investment after 4 years. (Round your answer to two decimal places.)

Q: Find the balance on an account if you invest $ 1,758 at 3.4% for 22 years using simple interest.

A: Given:P The amount invested is $1758 at interest rate 3.4% for 22 years. To find : The balance in…

Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: $20,000 is invested for 9 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: 30,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest will…

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Q: If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of…

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Q: You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the investment…

A: To find- You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the…

Q: in order to start a small business a student takes out a simple interest loan for $4000 for nine…

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Q: If you lend $7,000 to a friend for 16 months at 9% annual simple interest, find the future value of…

A: given that lend amount, P=$7000 for 16 months,  T=1612years=43 years  rate of interest , R=9% annual…

Q: Grandparents plan to open an account on their grandchild's birthday and contribute each month until…

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Q: Angela deposits $3500$⁢3500 into an account with an APR of 2.7% for 12 years. Find the future value…

A: F. V. =P(1+r/n) nt

Q: A college atudent borrows $10,000 today at 10% interest compounded annually. For years later, the…

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Q: John Lee's savings account has a balance of $716. After 3 years, what will the amount of interest be…

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Q: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

Q: Sarah opens an investment account with an initial deposit of $ 1900. She then sets up monthly…

A: Given By using excel function

Q: If you lend $3300 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given that, Present value, P = $3300 rate, r = 8% annually = 0.08 time, t = 15 months = 15/12 years…

Q: Reggie wants to find the future value of an investment of $1500 that earns 5.25% compounded monthly…

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Q: Deer construction just purchased a new track hoe attachments costing 12500 dollars. The CFO John…

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Q: $10,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest…

A: It is given that,$10,000 is invested for 9 months at an annual simple interest rate of 2%. we have…

Q: a) Find the future value of an annuity when the páyment is P13,750 quarterly, the interest is 6.5%…

A: Given Quarterly payment= 13750 Interest = 6.5% Terms 6 years

Q: engineering econ question By the condition of a will, the sum of P 2,000 is left to a girl to be…

A:

Q: $20,000 is invested for 6 months at an annual simple interest rate of 2%. (a) How much interest…

A: Given that: Money inveted, P=$20000Time period, t=6 months=12 yearRate of interest, r=2%

Q: $11,000 is invested for 6 years at an annual simple interest rate of 16%. (a) How much interest…

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Q: A principal earns 9% per year simple interest. How long will it take for the future value to double?…

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Q: At the end of each quarter, David deposits $300 into a savings account that earns 3.92% interest…

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Q: A principal earns 7% per year simple interest. How long will it take for the future value to…

A: given that rate interest per year = 7% let the initial amount be $x by quadrupling, it will become,…

Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: FV = P(1+TR)

Q: A principal of $5000 earns 2% per year simple interest. How long will it take for the future value…

A: Let it will take t years  Simple interest formula  A=P(1+rt)   Given, P=initial amount= 5000  A=…

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: We have to find the future value of each deposit if the account pays: a Simple interest: We can…

Q: What is the balance after 2 years on a CD with an initial investment of $2,600.00 and a 3.2%…

A: Given problem Given that   We have to find the balance after 2 years on a CD with an initial…

Q: Find the future value of an account when $2250 is invested at 3.2% simple annual interest for 5…

A: formula:- simple interest(S.I.)= (P×R×T)/100 Then , future value =S.I.+P

Q: Parents wish to have $110,000 available for a child's education. If the child is now 9 years old,…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Future Value: The future  value formula is given by FV=P1+rt where P is the principle, r is the…

Q: Parents wish to have $130,000 available for a child's education. If the child is now 3 years old,…

A:

Q: Parents wish to have $100,000 available for a child's education. If the child is now 6 years old,…

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Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

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Q: investment

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Q: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

A: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

Q: Parents wish to have $150,000 available for a child's education. If the child is now 8 years old,…

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Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: You need to borrow $20000 and will pay it all back in a lump sum in 6 years. Of the two loan options…

A: Loan A is the best loan between these two loans . Loan A will save more money to us than loan b.…

Q: $2,000 is invested for 8 months at an annual simple interest rate of 12%. (a) How much interest…

A: Recall the following. I=PnrI is the simple interest obtainedP is the principal amountn is the number…

Q: You spend $10 per week on lottery tickets, averaging $520 per year. Instead of buying tickets, if…

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Q: $25,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest will…

A: Given that $25000 is invested for 9 months at an annual simple interest rate of 2%.

Q: In order to start a small business, a student takes out a simple interest loan for 8000.00 for 3…

A: The objective is to find the interest and future value.

Q: $10,000 is invested for 3 months at an annual simple interest rate of 2% (a) How much interest will…

A:

Q: In order to start a small business, a student takes out a simple interest loan for $6000.00 for 9…

A: As we know that that the expression for the simple interest is given by: SI=P×r×t100 The future…