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: 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: 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: 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: 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: 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: Alice charged $800 worth of merchandise one year ago on her credit card, which has an APR of 12%…

A: It has an APR of 12% compounded monthly. She made 12 monthly payments of $20, at the end of each…

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

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

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Q: Please calculate the amount and interest from $15,000 at 8% for 2 years compounded quarterly using…

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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 $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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Q: Ruth opens a savings account at 8% compounded semiannually and deposits $2,000 every 6 months for 10…

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Q: Please explain: Suppose that $2000 is placed in an account that pays 13% interest compounded each…

A: According to the given information in this question We need to answer two parts

Q: Suppose

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Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

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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: A father puts Php550,000 in a savings account at a birth of his son, If the account pays 2.5%…

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