Find the compound amount if the compounding is continuous or quarterly. (Round your answers to the nearest cent.) $9000 at 9% for 20 years (a) continuous $54450 X (b) quarterly $ 43879 x

Q: A savings account deposit $2000 is to earn 3.5% compounded quarterly. Assuming there are no deposit…

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Q: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

A: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

Q: Jar Jar deposited $1460 at 9 percent interest compounded continuously. How much money was in the…

A: Using compound interest formula

Q: Use the compound interest formula for compounding more than once a year to detennine the accumulated…

A: Given information Deposit amount P=$1300 APR r=6% Hence, r=6100=0.06 Since, APR is compounded…

Q: Use compound interest formula to determine value of an account at the end of 7 years if the…

A: To find the value of r and n, divide the rate of interest by 4 and multiply the period by 4,…

Q: Suppose that you borrow 20000 dollars from a bank, and that the bank charges 4 percent annual…

A: Suppose that you borrow 20000 dollars from a bank, and that the bank charges 4 percent annual…

Q: Find the interest rate needed for an investment of $9,000 to triple in 7 years if interest is…

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Q: Find the compound amount if the compounding is continuous or quarterly. (Round your answers to the…

A: We have to find the continuous compounding amount and quarterly compounding amount.

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

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: Find the compound amount for the deposit and the amount of interest earned. $2000 at 2% compounded…

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Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $13,000 in 6…

A: I have appended the formula used in the solution part of the question

Q: A grandparent puts $5,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: Given that: Principal(P) is $5000. The rate of interest(r) is 3.75%. Time(t) is 16 years and n is…

Q: Jesaki Bank offers a 10-year CD that earns 2.5% compounded continuously. If $10,000 is invested in…

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Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. If $10,000 is invested in…

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Q: ​$1590 is compounded daily at a rate of 10​% for  7 years. Let 1 year=365 days.

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Q: A payment of $195 was made at the beginning of each month for 4 years into a savings account. After…

A: The complete solutions are given below