18) An amount of $2000 is invested in an account for 4 years that earns an interest rate of 2.25%. Find the future amount of the investment under the following circumstances Interest compounded monthly Interest compounded daily Interest compounded annually

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: Since you have posted multiple questions, we will solve the first question for you. If you want any…

Q: Manually calculate the compound amount and compound interest (in $) for the investment Principal…

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Q: $25

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Q: Suppose $5000 is invested at the interest rate of 6.4% per year compounded quarterly for 3 years.…

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Q: A graduate gets a good job and decides to save $200 per month into a 401K fund on payday, the last…

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Q: A mutual fund has an average annual rate of return of 14.5 % . The investment company charges 3 %…

A: The formula for the compound interest is Pt=P0(1+r)t whereP0=initial value ($4000 i.e.…

Q: A loan for $10000 is repaid over 48 months with the first payment due one month from now. The annual…

A: For an initial loan amount P at a rate of interest for period of payment as r for n periods, the…

Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

A: Sol:- FV = P1+rnntHere , P = 10000r = 2100=0.02n=52t=8

Q: What is the future value of $112,000 invested for 5 years at 9% compounded monthly?

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Q: s) How much should be invested now so that in 10 years there will be $7,000 in an punt that offer a…

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Q: Calculate. to the nearest cent the Future Value FV (in dollars) of an investment of $10,000 at the…

A: Given Information:   Investment (PV)= $10,000  Time period (n)=15 year Rate = 2% rate per year.

Q: Find the future value. $1417.32 invested for 6 years at 4% compounded monthly

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Q: For each deposit, find-the future value (that is, the final amount on deposit) when compounding…

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Q: The bank is offering a special rate of 4.5% to anyone willing to invest $10,000 for 5 years,…

A: Here, principal (P)=$10,000               Time (t)=5 years rate of interest (r)=4.5%=4.5100=0.045…

Q: Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Amount=P1+r100tcompond quarterly t become t/4 and r become…

Q: Find the interest earned on $30,000 deposited into an account paying 2.5%. Round to the nearest…

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