A depositor currently has P10,000 and plans to invest it an account occurring 2% quarterly. How long will it take for the investment be double

Q: A gold mining company discovers a new vein to start mining. The geologists project this mine will…

A: Let P be the present value of this mine f(t)=$400000 T=15years Rate of interest,r=3.5%=0.035

Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

A:

Q: A fireman invests $40,000 in a retirement account for 2 years. The interest rate is 6%, compounded…

A:

Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

Q: in months in dollars 0 450 1 4

A: Here, in the question given an investment in dollars increases at a constant rate. The interest rate…

Q: Jason invests $6000 in a savings account. The savings account pays compound interest at a rate of…

A: Let's find.

Q: $5000 is invested in a stock that returns getting 8% compounded monthly. how much interest will be…

A:

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: You deposit $1600 in a bank account that pays 2.5% annual interest compounde monthly. Find the…

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Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

A:

Q: A man invests R2500.00 at a compund interest rate of 8% per annum. if at the end of the end of the…

A:

Q: Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the…

A: Given the initial value of the car at the start of the year is $30,000. The car loses 10% of the…

Q: Jason invests $6000 in a savings account. The savings account pays compound interest at a rate of…

A:

Q: An investment pays simple interest, and triples in 17 years. What is the interest rate

A:

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: Jason thinks he can save enough to deposit P1,200 in the bank at the end of each year for the next…

A: The future value of an annuity is given by FV=PMT×1+in-1iWhereFV=future value of annuityPMT=cash…

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

A:

Q: A youth sports league receives a ​$30,000 donation for building a new snack bar and office building.…

A: A=P1+rnntFor quarterly, n=4

Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

A: A saving account that has  deposited earns  annual interest compound weekly.The objcetive is to find…

Q: Your local bank has a saving account that pays interest of 8% semiannually. You place 2600 in the…

A: We will find out the required value.