ee put 5,000 into a stock market index mutual fund That Grew at an average of 6.5% per year for 10 years without any added deposits or withdrawals how much is in these mutual fund account after only eight years if you ignore compounding

Q: Parvati invests $5,500$5,500 in an account that earns an annual interest rate of 7.2%,7.2%,…

A:

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: nicholas heard that he could triple his money in 27 years if he invested it in his friend's…

A: We can follow the step by step approach used in step 2 to get the required answer

Q: Labors wants to buy a boat five years from today. She will need $40,000. Lanita wants you to…

A: Step 1: Given Value for Calculation Compound = Semiannually = 2Time = t = 5 * 2 = 10Future Value =…

Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

A:

Q: 11. An investor plans to invest $12,000 at 4.9% with continuous compounding. Calculate the number of…

A: Consider the given information.

Q: How much money should be deposited today in an account that earns 6% compounded semiannually so that…

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Q: A man deposits a uniform amount of P 2,500 at the end of each year with interest of 2.50% compounded…

A: Given,                          P =  2,500                          r =  2.50%

Q: Atticus College predicts that in 14 years it will take $250,000 to attend the college for four years…

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Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded…

A:

Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: You open a brand-new savings account January 1, 2021. every paycheck you earn you deposit $25 into a…

A:

Q: Steven put money into an account six years ago that earns an annual interest rate of 8% compounded…

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Q: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

Q: Manhattan Island The Island of Manhattan was sold for $24 in 1626. How much would this amount have…

A: Cost at which the island sold:= 24$ Rate of Interest:= 6% compounded quarterly; No. of years:= 381 ;…