A 13-year-old has his dad save$100of his birthday money for the next family vacation. How much will he have after 15 months if he can earn 3.75% compounded monthly? Round your answer to the nearest cent

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

A:

Q: George puts his bonus of $4,200 into an account earning 7.5% compounded monthly.  How long will it…

A: Given: Initial amount = 4200 rate of interest = 7.5 monthly Final amount  = 5000 Now, we need to…

Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

A:

Q: You deposit $3000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: P=Principle=$3000t=time=15 yearsr=interest rate=8%=0.08A=final amount=?n=number of times compounded…

Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Hayley invested $18,500.00 into an account paying a ridiculous 10% compounded quarterly. How much…

A:

Q: Alexander loaned $70,000 to a small business at 4.18% compounded monthly for 1 year and 6 months.…

A: Alexander loaned  to a small business at  compounded monthly for  year and  months.We have to find…

Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: ANSWER :

Q: Lily has $550,000 saved for retirement in an account earning 2.05% interest, compounded quarterly.…

A: Given  lilly has saved $550000 for retirement

Q: Hannah is buying a house in Prince Edward Island. She paid $45000 cash when she bought the house and…

A:

Q: Emilia and Liam are purchasing a home. They wish to save money for 12 years and purchase a house…

A:

Q: Juan invested $5,600 at 5.75% compounded quarterly for 7.5 years. How much will be in his account at…

A: See calculation below

Q: Cathy makes a single deposit into an account earning 2.5% compounded monthly. After five years the…

A: used formula: A=P(1+r/n)nt   where P=initial amount or principal A=final value or final amount…