A bank is offering a special four-year investment certificate paying 3.5% per year, compounded monthly. How much interest would you earn by the end of the four years if you deposited $1800 in the account?

Q: Moe takes out a conventional loan to purchase a car. The interest rate is 8.3% compounded monthly,…

A: amount of the loan is  $12000 monthly interest rate=8.3% compounded monthly

Q: You have $3,500 on a credit card that charges a 15% interest rate. If you want to pay off the credit…

A: Given Information:Present value in the credit card is .Rate of interest is .Number of years is 5…

Q: "Shelly deposits the $2,000 she got as a birthday gift from her grandmother into an account earning…

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Q: Jenny invests $9,000 at 8% compounded annually in an annuity. How long until Jenny has $18,000

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Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Given data: The principle (P) is $200 The time(T) is 10 years Rate of interest (R) is 6%   The…

Q: Grandma Riley wants to help Scott while he's in college by giving him a $220 monthly allowance for 5…

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Q: Sallie wants to buy a new home.  She will borrow $400,000 at 3% compounded monthly for 30 years.

A: Given, Initial amount: Interest rate: Interest rate for compounded monthly: Number of years:…

Q: Rachel deposits $12,000 into a fixed asset account that earns 6% compounded quarterly. What is…

A: Formula:      where FV = Future Value          PV = The principal amount (the initial amount of…

Q: At the beginning of each quarter, $1,650 is deposited into a college fund. The fund earns 7% annual…

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Q: A $ 100 deposit is made into a college fund at the beginning of each month for 10 years. The fund…

A: Consider the given information. The deposit amount is $100. The rate is 9% and the time is 10 years.…

Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7%…

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Q: Find the amount of money owed at the end of 5 years if $60,000 is borrowed at 7% per year compounded…

A: Here we have to find amount of money at the end of 5 years if money borrowed is $60, 000 at 7% rate…

Q: Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period…

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Q: Springfield florist plans to replace it's delivery vehicle in three years . If they set aside $16000…

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Q: Linda has joined a "Christmas Fund Club" at her bank. At the end of every month, December through…

A: Solution :-

Q: Find how much interest $25,000 earns in 4 years in a certificate of deposit paying 9.5% interest…

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Q: huy wants to purchase a lakeside condo in Cuba, Missouri, 20 years. Huy will invest in a mutual fund…

A: Step 1: Given Value for Calculation Compound = Semiannually = 2Time = t = 20 * 2 = 40Interest Rate =…

Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…

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Q: Find the new balance for $1,000 left on deposit for 6 months at 4% interest compounded quarterly.

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Q: Erin would like to buy a $350,000 apartment when she retires in 10 years. How much should she…

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