Find the compound amount for the deposit and the amount of interest earned. $6800 at 5.4% compounded quarterly for 3 years The compound amount after 3 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $. (Do not round until the final answer. Then round to the nearest cent as needed.)

Q: Find the compound amount for the deposit. Round to the nearest cent. $7980 at 3% compounded…

A: Here in the given question:   Present value = $ 7980   Interest rate (R) = 3%   Time period = 12…

Q: You deposit $1800 in a bank account that pays 5% annual interest Find the balance after 7 years if…

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Q: $1180 at 7.6% for 14 months find the interest

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Q: $5000 8% annually 4 years   A. Find how much money there will be in the account after the given…

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Q: Find the simple interest on a $2000 investment made for 2 years at an interest rate of 9%/year. What…

A: Formula for finding Simple interest (S.I)  is S.I=prtwhere p= principal amount,            r=rate of…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

Q: Fritz buys a car costing $10,500. He agrees to make payments at the end of each monthly period for 8…

A: P = 10500 r = 9.6% = 9.6/100 = 0.096 t = 8

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) $50,000 Alw 5- Time 6 months $…

A: Interest = (Principal * Interest Rate * Time) / 100Given:Principal = $50,000Interest Rate = 23/4% =…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.)…

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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: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: nd the compound amount for the depost and the amount of interest earned. $7000 at 4.7% compounded…

A: Compound Interest: The compound interest formula is used to calculate compound interest, sometimes…

Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: Fritz Benjamin buys a car costing $21500. He agrees to make payments at the end of each monthly…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 3.8%, t = 17 days

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Q: Find the simple interest. Assume the rate is an annual rate. Assume 360 days in a year. Principal…

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Q: ​$9000 at 4​% compounded annually for 7 years

A: Given information Present value P=$9000 Rate of interest r=4% Time t=7 years Formula used:-…

Q: Fritz buys a car costing $8100. He agrees to make payments at the end of each monthly period for 6…

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Q: Determine the value of the annuity for the indicated monthly deposit amount, the number of deposits,…

A: An annuity is a fixed amount of income that is given annually or at regular intervals. An annuity…