These additional prob problems involving compound 1. How much should your m quarterly if she needs P85,00 2. How much time is neede annually? 3. At what annual interest rat in 20 years?

Q: Q#1.  If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

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Q: D Question #1 Determine how much is in the Account, if $5,000 is invested into a bank account for 3…

A: Since the student has posted multiple questions and does not mention any specific question, so we…

Q: If $3000 is borrowed at a rate of 4.75% interest per year, compounded quarterly, find the amount due…

A: Given; P=3000 r=4.75% n=4.

Q: 4. If a principal of P dollars is borrowed for a period of t years at a per annum interest rate r,…

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A: If a principal of P dollars is borrowed for a periodof t years at a per annum interest rate r,…

Q: Question 7 What was the annual interest rate if a CD earned $161.46 on a principal of $2,500 over 25…

A: We have to find

Q: Suppose you make an investment of $1000 that you are not allowed to cash in for 10 years.…

A: Principle amount invested = $10000investment decreases by 10% each year∴ Rate of interest…

Q: You are told the effective interest rate on an account is 2.1%, if the interest is compounded…

A: Consider the equation

Q: How much interest does Patricia need to pay for her $40,000.00 student loan if the interest rate is…

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Q: 4. 6. Question 3 Mr Schemling is planning on buying a Nintendo switch in 1 year. If he deposits $300…

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Q: QUESTION 31 Find the annual percentage yield (APY). A bank offers an APR of 4.25% compounded…

A: A bank offers APR of 4.25% that is compounded quarterly. To find the annual percentage yield APY:…

Q: Hamed deposit R.O (? + 130) in a ?% account and compounded quarterly. At the same time Ismail…

A: Given that Hamed deposit R.O (A+130) in a B% account and compounded quarterly Ismail deposit R.O…

Q: Solve the following problem completely. A loan is to be repaid quarterly for 5 years that will start…

A: Given that,A loan is to be repaid quarterly for 5 years that will start at the end of 2 years.If…

Q: Question 7 You deposit $6000 in an account earning 3% interest compounded monthly. How much will you…

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Q: A sum of money doubles itself in 4 years at compound interest. It will amount to 8 times itself at…

A: Let the initial sum be denoted by P

Q: QUESTION 2 Mei has taken out a $95,000 mortgage that has an interest rate of 4.7%. If the loan is…

A: Given:Loan amount = $95,000 , Time = 15 years , Annual interest rate = 4.7%

Q: Answer the following question. You borrow $3000 from a friend and promise to pay back $3270 in 1…

A: Formula for simple interest (SI) is: SI=P×r×t100 P: initial amount r: rate of interest (as percent)…

Q: Answer the following questions if you deposited 1,000 dollars into a bank account earning 6 percent…

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Q: You want to be able to withdraw $20,000 from your account each year for 25 years after you retire.…

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Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: How much interest is earned when an amount of 100,000Php is invested with annual interest rate of 8%…

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Q: A fund for education is being set up by a single payment so that at the end of 11 years there will…

A: Fund Amount after 11 years is $28265 If the fund earns interest at the rate of 5% compound…

Q: How long does it take for a sum of money to double itself at a simple interest rate if 5% per annum?…

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Q: Solve the following 2. How much money should I save in an account paying 5% interest compounded…

A: To find: How much money should be saved in an account paying 5% interest compounded monthly if want…

Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

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Q: Question 11 Previous Jenelle bought a home for $230,000, paying 14% as a down payment, and financing…

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Q: Two of your friends presented an investment product where an initial cash payment is required.…

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Q: At what normal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

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Q: How long will it take for money to double itself at 8% compounded quarterly? (Assume a principal…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: An investor deposits $200 each month into an account that pays 6% interest compounded monthly (6% is…

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Q: Question 3 St. Francis Xavier College wants to provide an annual scholarship worth $4000. The…

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Q: How long in years will a certain sum of money to triples its amount when deposited at a rate of 3%…

A: The amount is given by A=P1+int  where t is time in years  i is the rate of interest 3P=P1+0.031212t…

Q: Write down the formula for B if an annual interest rate of 4. 8% is compounded every second month.

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Q: How much willI have to be invested at the beginning of each year at 8%, compounded annually, to pay…

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Q: Kenly deposits 14,300 pesos every quarterly in a savings account that pays 12% converted quarterly.…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: Two of your friends presented an investment product where an initial cash payment is required.…

A: Use compound interest formula to solve

Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

A: Consider the formula for compound interest: F=P1+rnnt

Q: You find that the going rate for a home mortgage with a term of 30 years is 7% APR. The lending…

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Q: Solve the problem. 66) What is the iate on an investment that triples $4848 in 3 years? Assume…

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Q: At what nominal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

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Q: (-) Suppose the following expression gives us how much a certain investment accou worths after some…

A: Topic-:- compund interest

Q: Answer the following questions about simple interest:(a) If $3000 is invested for 3 years at an…

A: Let simple interest on amount 3000 for 3 year  is S.I therefore Here Pis principle which is given…

Q: 17. Abuali needs $30 000 in 5 years to buy a new car. How much must he invest now in a GIC paying…

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Q: O Suppose me put earning 3%interest for tong will it take (in of $28,000 Round +

A: We will use the concept of Compound interest to evaluate the time.

Q: Mike is a first year university student who is trying to understand his financial situation. Mike…

A: There are many different types of interest that can be accounted on initial amount. Simple interest…

Q: Question 3 is compounded quarterly. How much money is in the fund after We invest $7 into a fund…

A: This problem can be solved using compound interest formula.

Q: Question 4 Priscilla invested $20,000 at a rate of 12% over 5 years. Much to her surprise, he…

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Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

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