Determine value of an account at the end of 9 years where a principal amount of 9000 was deposited with an annual interest rate of 7 % and the interest is compounded monthly. the amount after 9 years will be what? round to nearest cent as needed

Q: Kaye deposited $7.000 into a savings account today. For how long can $680 be withdrawn from the…

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Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: Bank Co. is offering savings account rates at 2.5%, compounded quarterly.  What is the APY for money…

A: We have to find APY for money deposited in this bank under given conditions.

Q: What cash payment is equivalent to making payments of 1560 at the end of every year of 9 years if…

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Q: principal = $1500, compounded daily, 1 year, annual rate = 6%

A: Given that, Principal = $ 1500 It is compounded daily for 1 year Annual rate = 6%   As we know  The…

Q: ). BAKERY Carlos Mora His furnily has agred to 2 years once he complet deposit today in an inves…

A: it is known that A=P1+r44n here A is the future value  P is the present value  r is the rate of…

Q: to retire a bond of $100,000.00 in 5 years what amount needs to be deposites at 8%.

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Q: Calculate the amount in an account at the end of one year if the account starts with the principal…

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Q: Find ordinary and exact interest on P10 800 for five days at 8% simple interest

A: We need to find Ordinary and exact interest rate. We have given that , P = 10800 r = 8 % = 8100 =…

Q: Ingrid deposit $7,000 into an account that earns 1.5 interest compounded quarterly how much money…

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Q: 4. Maryam has $6800 in a daily-interest savings account. The account pays an annual interest rate of…

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Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

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Q: find the amount of compound interest earned  $8000 at 5.5% compunded monthly for 5 years

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Q: What is the interest rate compounded quarterly if P 2,500,000.00 is invested and the amount became…

A: Formula: The compound interest formula is given below: A=P1+rnnt, where A-final amount, P-Principle…

Q: principal = $20,000, compounded quarterly, 3 years, annual rate = 12%

A: We have been given the principal = $20,000, compounded quarterly, 3 years, annual rate = 12% = 0.12

Q: principal = $50,000, compounded quarterly, 10 years, annual rate = 9.5%

A: Consider the given information Principal p=50,000n=4t=10r=9.5% Use compound interest formula Amount…

Q: Find the compound interest earned if PhP 51,679 is deposited in a bank at 3.1% compounded monthly…

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Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

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Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

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Q: Convert 14% compounded quarterly to "r" compounded semi-anually, full solution please

A: Given question:- Convert 14% compounded quarterly to "r" compounded semi-anually (We can solve this…

Q: 2. Php25, 450.00 for 3 years and 5 months at 8-% compounded monthly.

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Q: A local university received a $500,000.00 gift to establish an endowment fund for a student…

A: Answer:- value of the fund 56 years from now = 500,000 *[(1+0.02/2)^(2*8) ]=586289.322462…

Q: Find the future value of an annuity due of $2000 paid at the beginning of each 6-month period for 8…

A: The future value of the annuity is calculated using the formula: S=P1+in-1i1+i. Here, P is deposited…

Q: Find the principal to get $1000 after 2 years at 6% compounded quarterly?  Round to nearest cent.

A: It is given that, the amount after 2 years is A = $1000, n = 4 since compounded quarterly, r = 0.06.…