A person invests $5750 in a mutual fund today and gains 3.5% interest compounded monthly. Create equation for amount of money in mutual fund A after a time of T years. How much would be in mutual fund after 14 years? How much would be in mutual fund after 22 years?

Q: If $500 is invested at 4% interest, compounded annually, then after n years the investment is worth…

A: We need to find out that after 6 years what will be the invested amount become.

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

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Q: Adam puts $800.00 into an account to use for school expenses. The account earns 15% interest ,…

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Q: Suppose that you borrow 20000 dollars from a bank, and that the bank charges 4 percent annual…

A: Suppose that you borrow 20000 dollars from a bank, and that the bank charges 4 percent annual…

Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: Ananta deposited Rp10,000,000.00 with compound interest at x% per 6 months. Meanwhile, Asnawi…

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

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Q: suppose $100 was deposited at the EOY 2022 into an account that earns 7% interest compounded…

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Q: Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest…

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Q: Huck borrows $3500 from his parents and has agreed to pay back the loan in 2 years. How much money…

A: Explanation of the answer is as follows

Q: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

Q: When Grayson was 20 years old, he opened an individual retirement account by investing $2,000 at 11%…

A: To find out the amount when the person becomes 65 years old.

Q: You start to save for retirement. At the end of every year, you invest $3000 into an account that…

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Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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Q: At age 20, Mike inherited $100,000 from his grand parents.  Then he invested the money in a bank…

A: We will find the account balance

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: A new laptop computer costs $15pp. The value of the computer decreases bye 22%each year. How much is…

A: P(t)=P0(1-r)t P0=Initial pricer=rate of decreaset=time