balance of 5000 $. f he does not make a withdvaual or deposit how much money will be in ricks account. 6% for kicks saviras account has a It Ħ pays an annual inferest rate of 8 years compounded quarterly?

Q: 5. Chris Richards has $33,200 to invest for 5 years. Which investment will yield the greater return:…

A: Given P=$33,200, t=5 years, r1=6.2% compounded quarterly and r2=6% compounded continuously Formula…

Q: An amount of P dollars is borrowed for the given length of time at an annual interest rate of r.…

A: Given that P=2900 r=8.0% t=9 years

Q: Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20…

A: Given that The deposit amount P=$ 16000Interest rate r=2.5%=2.5100=0.025      Time t=1  year…

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A:

Q: You deposit $ 9,906 in an account earning 4 % interest compounded monthly. How much will you have in…

A: Given Data: The principle investment is: P=9906 $. The interest rate is per month is: r=4% Total…

Q: Find the amount in the account after $300 is invested for 1 year at 6% compounded monthly. (Enter a…

A: Here, the formula used is: A=P1+rnnt

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A:

Q: An amount of P dollars is borrowed for the given length of time at an annual interest rate of r.…

A: Given Data: The amount of dollars borrowed for the given length of time is: P=$2900 The annual…

Q: n amount of P dollars is borrowed for the given length of time at an annual interest rate of r. Find…

A: Formula for the simple interest is  I=Prt where P is principle amount, r is rate of interest, t is…

Q: Find the amount of money (Future Value) in an account where $1,300 is deposited (Present Value) at…

A: To find the future value of the investment.

Q: find the associated half-time or doubling time.  Q=1300e-0.025t

A:

Q: An amount of P dollars is borrowed for the given length of time at an annual interest rate of r.…

A: Formula for the simple interest is I=P×r×t where I is simple interest , P is principle amount, r is…

Q: A $105 deposit is made into an account which is compounded continuously at 13.95% annual. Find the…

A: deposite amount is $105rate is 13.95%time is 6 years formula for compounded continuosly is A=Pert

Q: Find the balance if $30000 is invested in an account paying 4.5 % interest compounded semi-annually…

A:

Q: nd the compound amount for the depost and the amount of interest earned. $7000 at 4.7% compounded…

A: Compound Interest: The compound interest formula is used to calculate compound interest, sometimes…

Q: Question 21 Mac's credit card statement included $1843.00 in cash advances and $42.94 in interest…

A:

Q: A grandparent puts $5,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: Given that: Principal(P) is $5000. The rate of interest(r) is 3.75%. Time(t) is 16 years and n is…

Q: Calculate the amount of money you'll have at the end of the indicated time peri You invest $4000 in…

A: Investment P=$4000 Timet=20 years Rate of Interestr=6%

Q: Anita sets a goal to have $100,000 in her account when she turns 40. What amount of money should she…

A:

Q: ate of 6%, how much If the balance at the end of eight years on an investment of $230 that has been…

A: Given amount = $285.20 principal = $230