Calculate the future value of an investment of $5,000 at 0.8% per year, compounded monthly, after 8 years. Round your answer to the nearest cent.

Q: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

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Q: Find the semiannual withdrawals possible over 3.5 years from an account earning 5.25% compounded…

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Q: Jenna deposited $35,000 in an investment fund that was growing at a rate of 3.50% compounded…

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Q: Your RRSP savings of $27,500 are converted to a RRIF at 4.18% compounded monthly that pays $5,296 at…

A: Total amount P=$27500 Rate of interestr=4.18%   compounded monthly Payment per monthE=$5296

Q: An investment makes payments of $575 at the start of each year for 100 years. The rate or return of…

A: Given: Principal amount, P=$575 Number of years, t=100 Rate of interest, r=3.7% Number of times…

Q: Jessica invested $13,000 for 4 years at 3.75% compounded annually. a. Calculate the future value of…

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Q: Find the interest rate needed for an investment of $3,000 to double in 6 years if interest is…

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Q: For 16 years, Janet saved $250 at the beginning of every month in a fund th 5.75% compounded…

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Q: find the compound interest of an investment of $7,500 at 12% compounded quarterly for 11 years

A: Please see the next step for the solution.

Q: What is the future value of $6000 earning 12% interest, compounded monthly, 6 years. Round to the…

A: Given,          P=$6000          r= 12%          n=12( compounded monthly)  And         t=6years

Q: Find the future investment $10,000 for 2.5 years at 5.25% compounded semiannually

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Q: Calculate. to the nearest cent the Future Value FV (in dollars) of an investment of $10,000 at the…

A: Given Information:   Investment (PV)= $10,000  Time period (n)=15 year Rate = 2% rate per year.

Q: Find the compound amount, or future value, of $5900 at 3% interest compounded semiannually for 5…

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Q: Carolyn invests $8000 at an annual rate of 7% compounded daily for 6 months. what is the future…

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Q: Suppose that $12,000$⁢12,000 is deposited for five years at 3%3% APR. Calculate the interest earned…

A: The deposited amount is $ 12,000. Time for the deposition is 5 years. Rate of interest is 3%.

Q: Find the future value and interest of $8000 at 3 1/2% compounded monthly for 10 years. A. Future…

A: Given present value(PV) is $8000. Interest is 312% annual rate compounded monthly. time n=10…

Q: Bradley contributed $900 at the end of every 3 months into an RRSP fund earning 3.77% compounded…

A: The future value of the fund at the end of 8 years is approximately $1,283.80.The amount of interest…

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.