Barbara put P100 into banks savings account. The account accrues a 9% interest rate compounded annually, how much money is in the account after 12 yea

Q: eposits $8600 in a bank account that pays a simple interest rate of 6.5% per annum. find how long it…

A: Given that  Principal amount (P) = $8600 Interest rate (R) = 6.5% per annum = 0.065   We know that…

Q: You deposit $4000 each year into an account earning 5% interest compounded annually. How much will…

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Q: Find the interest earned for $2,300 which is invested at 18% compounded monthly for 48 months?…

A: Find the interest earned for $2300 which is invested at 18% compounded monthly for 48 months?

Q: Find the amount of money in an account after 10 years if $1,300 is deposited at 8​% annual interest…

A: Principal p =$1300 deposited  Rate =8% annual compounded monthly Time = 10 years To calculate total…

Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

Q: $5,000 is invested into an account that earns 3% annual interest, compounded monthly. How much is in…

A: Compound interest formula A=P1+rnnt Where A is accumulated amount, P is principal value, r is rate…

Q: $10,000 is deposited into an account that pays 2.4% interest compounded quarterly. How much money is…

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Q: John made periodic deposits of $300 to Floor Bank, which pays 8% interest compounded semiannually.…

A: Given: The value of Periodic Deposit is $300 The value of Annual Interest Rate is 8.00% compounded…

Q: Lori buys a $1,075 certificate of deposit (CD) that earns 3.2% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: Dylan and Liz multiply 48,292.72 by 4 to make a total savings goal for college. If they want to have…

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Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: earning

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Q: James has $500 to put into a savings account and his bank gives a 4% interest rate compounded…

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Q: You deposit $1000 each year into an account earning 6.1% interest. How much will you have in the…

A: Given Information :  Amount $1000 deposit each year into an account earning 6.1% interest.  Let,  P…