A savings account is started with $20,000. After t years, the amount in the account is given by P(t) = 20, 000e0.03r. How many years will it take for the amount in this account to double?

Q: John has invested $1200 into an account at 2% interest semiannually, what will his future valu be…

A: topic - compound interest

Q: 5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest…

A:

Q: You borrowed $120,000 for a house and will have to pay $1,090 a month for 15 years. True or False:…

A: We can say it true or false with reason as below.

Q: Start working with a savings account with a quarter in it and your boss doubles it each day for…

A:

Q: You owe $3545 on you credit card. Your minimum payment is 3% of that. The APR is 14.99% Using that…

A:

Q: Lupe Gonzalez has $6500 in her retirement account. Find the interest rate required for the fund to…

A:

Q: A Student borrwos 3,000 at 10% For q monthS to Pey +Uition. Find the total amoUnt interest. due…

A: simple interest is given by here we have  P=3000 t=9 months r=10%=0.1

Q: you can buy a car for $25200 or lease the same car for 3 years for a down payment of $1500 and…

A: Consider the given information.  The basic price of the car is $25200.    If you are taking a car on…

Q: $1,400, at 8% interest, for 42 months

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: Richard spends $22.72 every month into mortgage at the end of 30 years he has a balance of…

A: Amount spends by Richard every month = $22.72 Time period of amount spent in months = no. of years *…

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A: