11. Rabia invested $9000 per year in a mutual fund that averaged 13% net growth per year with interest compounded annually. How much interest had her investment earned after 8 years? a. $42 815.37 b. $4281.53 C. $13 342.29 d. $66 741.36

Q: You are given $2000 and told to invest in one of the following accounts. Which account will give you…

A: Formula of compounded investment: A=P1+rnnt where A= Ending Amount P=Principal Amount r=Interest…

Q: A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Find the principle value if final amount is BHD 7800 due in 7 years and 5 months if money is worth…

A:

Q: 21. If you deposit $520 in an account with 4% interest compounded annually, how much interestiao the…

A:

Q: What is the no. of conversion per year (m) for a quarterly basis?

A: We know that a year contains 12 months in total

Q: A person deposits 100$ at the end of first, second and third year, if the rate of interest is 15%…

A: This is the case of compound interest

Q: If you invest $1000 into an account that compounds monthly at 3%, how much would you have in 5…

A: Given data of  investment,  Principle amount, P = $1000 Interest rate, r = 3% Compounded monthly, n…

Q: 5. Margo borrows $900 and must pay it back with 6% interest after 7 months. What is the total amount…

A: Margo borrows $900 and pay it back with 6% interest after 7 months.

Q: 10. If Luke put $8,000 into his savings account and earned $100.00 of interest at .25% simple…

A:

Q: An account invested in a money market fund grew from $31,865.17 to $31,925.09 in a month. What was…

A: Answer FV =31925.09PV =31865.17

Q: Matt bought a new car for $35 000 and sold it five years later to Martin for $20 000. Assume that…

A: Given: Matt bought a new car for $35000 and sold it five years later to Martinfor $20000. The value…

Q: Khalfan provides a donation of $4629 to a college with provision that a scholarship is paid at the…

A: 657.32  will be the annual scolarship

Q: 2. You purchase a CD for $1000 on which you will earn 2.4% simple interest for each year of the…

A:

Q: 3. Jack deposited $1, 250 into a savings account that earned 2.7% yearly interest. How much did Jack…

A: Use formula of compound interest

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

A:

Q: Suppose $1687 are deposited in an account paying 8% annual interest for 12 years. If $5061 had been…

A: Given, Principal = p =  $ 1687  Rate of interest = r =  8 % Time period = n = 12 years

Q: Folgers purchased $147 million of mutual fund shares. The fund had total returns over a 3-year…

A: Given query is to find the final value after 3 years.

Q: 2. The average price of a compact car is $20,000. If the value of the car depreciates an average of…

A: Given: The average price of a compact car is $20,000.

Q: b) A salary of £5 240 is to be increased by 1.2%. Calculate (i) the increase, (ii) the new salary.

A: Given that the salary of £5240 is increased by 1.2% To calculate  (i) the increase  (ii) the new…

Q: 34. TIME OF DEPOSIT The Frampton Chamber of Commerce earns $682.71 interest on a $16,385 investment…

A: Given: Interest amount (I) = $682.71 Principal amount (P) is = $16,385 Rate of interest (R) = 5.5%…

Q: Brad invests $3700 in an account paying 3% compounded monthly. How much is in the account after 8…

A: We know,         For principal amount P and rate of interest r% compounded per unit time, the amount…

Q: Which of the following is the balance for a single $2700 deposit in an account with an APR of 4.5%…

A: principle (p)=$2700rate (r)=4.5%Time (t)=7 years

Q: How much money will you have in seven years if you deposit $8,000 in the bank at 9% interest…

A: Given: compound interest daily            A=P 1+r365365×twhere A= amount calculated            P=…

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

A:

Q: Mrs. Rees decides to invest $250 each month into an account that earns 1.8%/a compounded monthly.…

A: Mrs. Rees decides to invest $250 each monthrate=r= 1.8%/atime = 5 years

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: a.) What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to…

A:

Q: What was the annual (yearly) interest rate?

A: Given principal amount p = $1000 Time = 18 months = 1.5 years Let r be interest rate

Q: $3,000 is invested for 18 months compounded at the interest rate of 0.75% every month. Give your…

A:

Q: You deposit $340 each quarter into an account earning 2.4% interest compounded quarterly. a) How…

A: Given that, You deposit $340 each quarter into an account earning 2.4% interest compounded…

Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

A: A saving account that has  deposited earns  annual interest compound weekly.The objcetive is to find…