A family decide to save some money in an account that pays 9% annual compound interest calculated at the end of each year. They put $2500 into the account at t

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

A:

Q: You have $300,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

A: It is given that,      r= annual interest rate=8%=0.08      k=monthly compounding=12      N=number…

Q: After retiring, you want to be able to take $1000 a month for a total of 15 years from your…

A:

Q: You have 300,000 saved for retirement. Your account earns 4% interest. How much will you be able to…

A: Given that, You have 300,000 saved for retirement. Your account earns 4% interest. We need to find…

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

A: ANSWER :

Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

A:

Q: You have $300,000 saved for retirement. Your account earns 7% interest. How much will you be able to…

A: It is given that the present value in the is $300,000, rate of interest is 7% and the number of…

Q: Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at…

A: Given data: Principle  = $600 Amount = $666 Time period = 15 months To find: Annual simple interest…

Q: You have $300,000 saved for retirement. Your account earns 10% interest. How much will you be able…

A:

Q: You deposit $1000 each year into an account earning 6.1% interest. How much will you have in the…

A: Given Information :  Amount $1000 deposit each year into an account earning 6.1% interest.  Let,  P…

Q: You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to…

A: We have to solve the given problem.

Q: A loan worth $5600 collect simple interest each year for 12 years. At the end of the time, a total…

A: The full form of APR is annual percentage rate which is annual rate of interest charged on loan.

Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.