An investor deposits $15,000 in a bank account. The bank offers an interest rate of i=4.1% per year. A) what is the value of the investment 4 years later? B) How much time is needed for the amount to double?

Q: You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years.…

A: Here given  Principle amount P=$100 rate r=6.3% time t=30 years,

Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: Mike invested $3000 at 12% per annum compounded semi-annually for 8 years. a) How much money does…

A:

Q: a car depreciates by 16% per year. how many years will it be until the car is worth half its…

A: a car depreciates by 16% per year. how many years will it be until the car is worth half its…

Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

A:

Q: ind Principal when Time 4 years, Interest = $ 400; Rate = 5% p.a. answer (Should be in 4 significant…

A: Solution:  given time T=4 year , interest I=$400  rate R=5%  to find principal  value=?

Q: A YouTube ad for a loan company states "You only pay 22 cents a day for each $500 borrowed." Using…

A:

Q: 36,000 = 15001 Ci+ o.5426y." 0.5426% .

A: Note :- Solution for the question doesn't exist. I guess you have done something wrong in previous…

Q: A person has ​$1,264 in your bank account that is paying an interest rate of 2.7​% ​(0.027​) per…

A: image is attached

Q: If Php 25,000 is invested at an annual interest rate of 12% compound a. annually b. quarterly c.…

A: Given : Investment amount = Php 25000Rate = 12% and time = 2 years

Q: The balance in the savings account increased by 15% in one year to 20,550  How much was in the…

A:

Q: A person deposited an amount of A in a bank with an interest rate of 10% and after four years the…

A: Rate of interest r=10% Amount A=Rs 48,000 Time t=4 year

Q: A family has 100,000 in the bank. They want to withdraw 8,000 every year for as long as necessary.…

A: the family  can made 12 regular withdrawals of 8000 every year.

Q: A time deposit account In a bank yields 5.5% compound interest Annually . Jennifer invested P 450 ,…

A: The formula for the amount for compound interest is given by  A=P1+r100t where P is the principal…

Q: What is the interest earned on a principle of $250 at 3% interest for 9 years? O $67.5 O $675 O…

A: p=$250 r=3% t=9 years

Q: Ou deposit $200 each month into an account earning 6% interest compounded monthly. How much will you…

A: Answer Payment [PMT] = $200Rate of interest [r] = 6% = 0.06Compounding period = monthly = n = 12Time…

Q: You deposit $400 each month into an account earning 3% interest compounded monthly. a) How much will…

A: Deposit amount each month Rate of interest  compounded monthlyTime period  years

Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

A:

Q: Calculate the time needed on an investment of 600,000 to gained an interest of 84000of the interest…

A: The formula used is given below I = PRT100 where I is the interest , P is the principle , R is the…