2. $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

Q: 5. $8000 is deposited at a bank account that pays 3% interest compounded monthly. How much will the…

A: Explanation of the answer is as follows

Q: Q1​The difference between Compound Interest and Simple Interest on a certain sum of money at 10 %…

A: Find the attachment for the Solution.

Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

Q: Ex. 2: Bert makes deposits of $2000 semi-annually into an account that pays 4% interest, compounded…

A: Given problem:- Bert makes deposits of $2000 semi-annually into an account that pays 4% interest,…

Q: Engr. Armando lends P5,000 at 6% simple interest for 4 years. At the end of this time, he invests…

A: The following solution is given below :

Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

A:

Q: 8. How long will it take for the $3200 to double compounded monthly at 3.5%?

A:

Q: Mr. Belvedere hopes to purchase a new home for $200,000. His savings account accrues interest at 5%…

A: Given Use formula

Q: ecide at what rate compounded monthly will 800 become 4200 for 1

A: Introduction: Compound interest is interest that is compounded at regular intervals on both…

Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

A:

Q: $3758 at 11 7/8% compounded monthly for 17 years and 7 months. Can you explain how to do this?

A: Given information  Principal = $ 3758 Interest rate = 1178%=11.8%=0.118 Time = 17 years 7 months =…

Q: Barbara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How…

A:

Q: On July 10, Isabella opened a savings account with $900. It earned 3% interest, compounded daily. On…

A: To find out the amount at the end of the day on July 11.

Q: Find the value of OMR 20,000 after 4 years invested at a compound annual rate of 6%.

A:

Q: How much should be invested in an account paying 9% compounded daily for it to accumulate to $5,000…

A: How much should be invested in an account paying 9% compounded daily for it toaccumulate to $5,000…

Q: How much deposit do you need to get 12,000 in 5 years at 4.5% a year compounded every 6 months?

A: We have to find the amount needed to deposit to get  in  year at  a year compounded every  month