Bank B offers 1% interest per month. This will grow with compound interest (interest already earned, earns more interest!) . If you invest $100 into the account at 0 months , how much money will you have after 6 months?  a)  Find an explicit rule for how much money is in the account after “n” months.

Q: Find the interest rate r if the PV of $8000 to be received in 1 year is $7300.

A:

Q: 8.) Jess wants to have one million dollars when she retires in 35 years. How much should she invest…

A: We can directly calculate the principal amount using the continious interest formula.

Q: Breonna invested $4,760 into an account that earns 1.69% interest compounded semi- annually. How…

A: The calculation of the time it takes for the investment to accumulate to $8,020 can be done using…

Q: Bank B offers 1% interest per month. This will grow with compound interest (interest already earned,…

A:

Q: 3. A $12,300 investment earns 4.75%/a in interest, compounded quarterly. a) Determine the value of…

A:

Q: An investment earns 4% per year and is worth $10,000 after 7 years. PV =

A: The objective of this question is to calculate the present value (PV) of an investment that earns a…

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

A:

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

A:

Q: 9. If you invest $5000.00 at 5% annual interest rate for 20 years, how much money would you have in…

A: If you invest $5000.00 at 5% annual interest rate for 20 years, then to find the amount of money…

Q: At the end of each month starting january 2022, you deposit R dollars into an account that earns…

A: At the end of each month starting january 2022, you deposit R dollars into an account that earns…

Q: on

A:

Q: Find the simple interest paid on a $880 investment at 6.4% annual interest for 30 days. Use the…

A: given that  principal p=$880 , interest rate r=6.4% annual  and t=30 days  now by bankers formula we…