Find the amount that results from the given investment. 1 $600 invested at 8% compounded quarterly after a period of 3- 32 years After 3 years, the investment results in $. 1 2 (Round to the nearest cent as needed.)

Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

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

A: We have to solve given quesique using Formula:

Q: . An investment of $2950 earns 6.50% interest per year. Calculate the value of the investment when…

A:

Q: Find the amount of compound interest earned. 5) $5000 at 6% compounded annually for 3 years

A: Recall the following fact.

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: Brad invests $3700 in an account paying 3% compounded monthly. How much is in the account after 8…

A: We know,         For principal amount P and rate of interest r% compounded per unit time, the amount…

Q: Mrs. Rees decides to invest $250 each month into an account that earns 1.8%/a compounded monthly.…

A: Mrs. Rees decides to invest $250 each monthrate=r= 1.8%/atime = 5 years

Q: An investment offers an interest rate of 4% compounded quarterly. Kamala invested an amount of $X in…

A: Given: invested amount(P)=$X, time(T)=6 years, interest rate(r)=4%(compounded quarterly), amount of…

Q: Find the interest rate for a $6000 deposit accumulating to $7791.53, compounded quarterly for 7…

A:

Q: A principal of P 2000 is placed in a savings account at 3% per annum compounded annually. How much…

A:

Q: Find the compound interest earned by the deposit. Round to the nearest cent. $4000 at 4% compounded…

A: Given:

Q: Find the accumulated amount after 7 years if $400 is invested at 7% per year, compounded: (Round…

A: The formula for the compound interest is given as  A=P1+rnnt where P is the principal invested . r…

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

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Q: Find the total investment after the given time. $58,000 at 5.5% compounded quarterly for 2 years.

A: To find the total investment after the given time. Given that , $58,000 at 5.5% compounded quarterly…