41. Future Value $15,000 is deposited for 4 years in an account earning 8% interest. a. Calculate the future value of the investment if interest is compounded semiannually. Answer + b. Calculate the future value if interest is compounded quarterly. Answer +

Q: 7) You deposit $3,000 into a savings account. You earn 4% interest compounded annually. Complete the…

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Q: Retirement Ray contributes $1000 to an individualretirement account (IRA) semiannually. What will…

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Q: Skippy wants to have $15,000.00 in 8 years. His bank is offering an account that earns 2% compounded…

A: Future value, F=$15000 Time, t=8 years. Interest rate, i=2%=0.02 Compounded frequency, m=12

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: (a) Find the amount in the account at the end of 1 year. $0 (b) Find the amount in the account at…

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Q: A fund is to be created by investing P10,000 at the end of every month for 10 years. If money is…

A: An annuity is a type of investment where the person depositing the amount develops a sequence of…

Q: Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the…

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Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: Yoy deposit $200 each month in an account earning 3% interest compounded monthly. How much total…

A: Given that $200 deposited each month in an account and earning 3% interest compounded monthly.

Q: You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the investment…

A: To find- You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the…

Q: Kylie is thinking of investing an amount of P250, 000.00 at 5% compounded annually for 2 years. Find…

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Q: Labors wants to buy a boat five years from today. She will need $40,000. Lanita wants you to…

A: Step 1: Given Value for Calculation Compound = Semiannually = 2Time = t = 5 * 2 = 10Future Value =…

Q: HOW IS THE MONTHLY PAYMENT OF 350,00 LOÀN WHICH IS TO BE REPAID MONTHLY FOR 1 YEAR WITH AN INTEREST…

A: This is a compound interest problem and I solved it in the next steps.

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

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Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: ). BAKERY Carlos Mora His furnily has agred to 2 years once he complet deposit today in an inves…

A: it is known that A=P1+r44n here A is the future value  P is the present value  r is the rate of…

Q: Samuel opened a savings account that pays 1.8% interest compounded monthly with S7,000. If he leaves…

A: The mathematical formula for calculating compound interest depends on several factors. These factors…

Q: Angela deposits $3500$⁢3500 into an account with an APR of 2.7% for 12 years. Find the future value…

A: F. V. =P(1+r/n) nt

Q: Michelle invests in a savings account that pays 9% interest compounded monthly. What is the APY for…

A: NOTE: Refresh your page if you can't see any equations. . the given interest rate is r=9%=0.09 for…

Q: Angela deposits $1500$⁢1500 into an account with an APR of 4.3%4.3% for 88 years. Find the future…

A: Given deposit amount P=$1500Interest rate r=4.3%=4.3100=0.043Compounded weekly  n=52Number of years…

Q: your bank pays 4% interest, compounded semiannually. Use Table 12-1 to find the value (in$) of $500…

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Q: Appa deposits $1000 in an account earning 3.8% interest compounded monthly. How much will Appa have…

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Q: Angela deposits $1500 into an account with an APR of 4.3% for 8 years. Find the future value of the…

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Q: Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the…

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Q: When you were born, your grandfather established a trust fund for you in the Cayman Islands. The…

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Q: Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded…

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Q: To attend school, Arianna deposits $190 at the end of every month for two and one-half years. What…

A: Convert the interest rate: . The annual interest rate is 4%, so the semi-annual interest rate is…

Q: 5) $5.000 is invested at 6% for 10 years. Find the amount of interest earned if interest is…

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Q: 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years…

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