85,000 is deposited in a saving account with 6.35% annual interest. When will be the initial sum deposited have doubled

Q: Mike invested $3000 at 12% per annum compounded semi-annually for 8 years. a) How much money does…

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Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

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Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

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Q: Start working with a savings account with a quarter in it and your boss doubles it each day for…

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Q: Suppose you deposit $2000 at 9% interest compounded continously. Find the average value of your…

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Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: 4. Maryam has $6800 in a daily-interest savings account. The account pays an annual interest rate of…

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Q: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

Q: You deposit Php 1000 each year into an account earning 5% interest compounded annually. How much wi…

A: Formula: F=A×1+rn-1r where A=Deposited amount each time period r= Interest rate n= Number of…

Q: A family has 100,000 in the bank. They want to withdraw 8,000 every year for as long as necessary.…

A: the family  can made 12 regular withdrawals of 8000 every year.

Q: City Wide Delivery Service uses vans costing $24,800 each. How much will the have to invest today to…

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