Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $40,000, r = 93%, t = 3, compounded quarterly

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 5…

A: From the provided information is  Present value=Amount*(1+rate)-period  PV=3000*(1+(0.066))-6*5…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: ). How much will Katie need to save each month if she wants to put $55,000 down in cash on a hous In…

A: Formula for the annuity is  FV=R1+in-1i We are given FV=$55000n=2×12=24i=61200 (since 1 year = 12…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: 37500 dollars is invested at an interest rate of 5 percent per year, find the value of the…

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Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: Find the accumulated amount after 2 years if $3500 is invested at 2%/year compounded continuously.…

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Q: $700 is invested at 4.75% annual interest, compounded monthly. What is the balance after 25 years?…

A: The principal amount, P = $700 Rate of interest, r = 4.75% = 0.0475 The number of times interest…

Q: A worker has $194 deducted from their paycheck each month for 6 years.  The money is deposited into…

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Q: An amount of $1500 is deposited semi-annually for two years into a fun 10.5% per year, compounded…

A: Its is given that $1500 is deposited semi annually for two years into a fund that pays 10.5% per…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

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Q: You have taken a loan of $6,000.00 for 3 years at 1.8% compounded monthly. Fill in the table below:…

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Q: How much should be invested now at 3.85% interest compounded monthly to have $28,000 in 16 years?…

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Q: earned

A: Formulas are given below.

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: Find the compound amount for the deposit and the amount of interest earned. $6800 at 5.4% compounded…

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Q: 3. Maria borrows $12 000 at 9%/a interest compounded monthly for 10 years. How much money will she…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 15…

A: Compound Interest Formula:  A=P1+rnnt where A = Amount            P= Principal            r = Annual…