Find the accumulated amount after 5 years if $4500 is invested at 4%/year compounded continuously.

Q: Abigail wants to save $15,000 to buy a car in 7 years. If she deposits $10,000 into an account that…

A: Topic- compund intrest

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…

A: A=New balance=? P=Amount invested=$800 r=Rate=4.25%=0.0425 t=Time=5 years n=Number of times it is…

Q: Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is…

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Q: Suppose Carla has $12,000 to invest.Which investment yields the greater return over 2 years :9%…

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Q: Upon the birth of their first child, a couple deposited $5000 in an account that pays 8% interest…

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Q: If you need $20,000 in your bank account in 6 years, how much must be deposited now? The interest…

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Q: Suppose that $1000 is invested  at8%, compounded quarterly.​How much is in the  account at the end…

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Q: Find the amount that results from each investment. $600 invested at 5% compounded daily after a…

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Q: What rate of interest compounded annually is required to double an investment in 3 years?

A: Consider the principal is "p". Then the amount is given as A=2P. The time is t=3 years. The…

Q: Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly. How much money…

A: Given problem:- Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly.…

Q: Suppose you deposit $1000 in an account that earns 6.2 % compounded monthly. a. How much money will…

A: To calculate the total amount compounded monthly, substitute 1000 for P, 6.2% for r, 12 for n and 5…

Q: If Hannah places $ 4500 into an account earning 4.5% interest compounded continuously, how much will…

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Q: Find the present value that will grow to $29,000 if interest is 9% compounded quarterly for 16…

A: Compound interest formula

Q: Find the amount that results from each investment $900 invested at 3% compounded semiannually after…

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Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…

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Q: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly?

A: Given: The principal amount is $6600. The time duration is 2 years. The rate of interest is 10%…

Q: Find the amount that results from the given investment. $300 invested at 6% compounded quarterly…

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Q: A $5800 investment is made for a three-year period at an interest rate of 5.4% per year, compounded…

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Q: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

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Q: How much will P54,200 be in 24 months at 4% compounded monthly?

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Q: find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded…

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Q: $200 invested at 2​% compounded quarterly after a period of 4 years

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Q: what rate of interest compounded annually is required to double an investment in 3 years?

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Q: Find the present value that will grow to ​$22,000 if interest is 8​% compounded quarterly for 12…

A: We have to find

Q: Find the amount that results from each investment. $300 invested at 12% compounded monthly after a…

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Q: $2000 is compounded annually at a rate of 10​% for 3 years.

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Q: Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.…

A: Given: P=$1000r=0.85%=0.0085n=1t=4 Use the formula: A=P1+rnnt

Q: Suppose $9500 is invested at 6% interest, compounded annually.  Approximately how long will it take…

A: Given Principal =$9500  rate =6% compounded annually Amount = $12,000

Q: Suppose $50,000 is invested at l2% interest compounded monthly. In how many years will it be worth…

A: Given p=$50000 r=12%=12/100=0.12 compoundrd monthly n=12 A=$1, 000,000 t=?

Q: Find the amount that results from each investment. $50 invested at 6% compounded monthly after a…

A: We have to find the amount when $50 invested at 6% compounded monthly after a period of 3 years.

Q: Find the present value that will grow to ​$24,000 if interest is 5​% compounded quarterly for 13…

A: Find the present value that will grow to ​$24,000 if interest is 5% compounded quarterly for 13…

Q: If you invest $1700 in an account paying 7% compounded continuously, how much will be in the account…

A: We have the compound maturity formula

Q: Find the compounded interest (rounded to four decimal places) if $4000 is invested for four (4)…

A: we know that  A=P(1+r%n)nt A= amount  P =principal=4000 r= rate of interest =6 n= compounded times =…

Q: How much money should be invested today to accumulate to $10,000 in 10 years at 4.5% compounded…

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Q: How much was invested into Ed's account that was continuously compounded at 3.9% interest for 15…

A: Compound Interest :  When the interest charged after a certain specified time period is added to…

Q: If $2000 is invested for 3 years at 8% compounded quarterly how much intrest in dollars will be…

A: Given that, P = $2000, n = 4, R = 8% and t = 3. Calculate the value of A. A=P(1+rn)nt…

Q: Find the amount that results from each investment. $700 invested at 6% compounded daily after a…

A: Given: Find the amount that results from each investment.$700 invested at 6% compounded daily after…

Q: Find the accumulated amount at the end of 4 years if $5000 is invested at the rate of 10% per year…

A: Given information Amount=$5000 Interest rate r=10% ⇒r=10100=0.1 Time=4 years We have to find the…

Q: Find the amount that results from the given investment. $500 invested at 6​% compounded quarterly…

A: Given: Principal amount (P) = $ 500 Rate of interest (r) = 6 % = 0.06 Number of years (n) = 2 Time…

Q: If $100 is invested at 8% compounded monthly what is the amount after 6 years? how much interest is…

A: amount = P (1+r/n)nt Interest = amount - Principal

Q: find the interest rate needed for an investment of $5000 to grow to an amount of $7000 in 9 years if…

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Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: Find the amount that results from each investment. $500 invested at 8% compounded quarterly after a…

A: Given, P=$500, r=8%, t=212 years, n=4 The amount is given by the formula,…

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily find the value of the…

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Q: Ben franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to $15…

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Q: Find the investment needed to achieve $5000 when the investment was compounded quarterly at 2% for 6…

A: Given, A= the new balance = $5000 r =  the rate = 2% = 0.02 t = the time = 6 years n = the number of…

Q: If $400 is invested at 17% compounded quarterly, what is the interest earned after: a) 6 years…

A: FV = Future Value   PV = Present Value   r = rate of interest   n= no of period

Q: A philanthropist deposits $50,000 into a trust fund that pays 4.5%, compounded continuously. The…

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