Find the future value if $4000 is invested for 11 years at 13% compounded annually. (Round your answer to the nearest cent.) $ Need Help? Read It Watch It 6

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: 7) You deposit $3,000 into a savings account. You earn 4% interest compounded annually. Complete the…

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

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Q: You deposit $ 9,906 in an account earning 4 % interest compounded monthly. How much will you have in…

A: Given Data: The principle investment is: P=9906 $. The interest rate is per month is: r=4% Total…

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

A:

Q: Find the present value of amount. $2000 if interest is 6% compounded annually for 5 years

A: Compound interest formula is A=P1+rnt Where A=AmountP=Present valuer=interest raten=number of times…

Q: Find the amount in the account after $300 is invested for 1 year at 6% compounded monthly. (Enter a…

A: Here, the formula used is: A=P1+rnnt

Q: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

A: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

A: The formula for calculating compound interest when time period is specified in years and interest…

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 invest $1000 in an account that pays 7.9% interest, compounded monthly. How much money is in the…

A: Given: Principal amount: P=$1000Interest rate:  r=7.9%Time period: t=3 years.

Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

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Q: If you deposit $6 500 into an account paying 8% annual interest compounded monthly, how much money…

A: Formula:            where F.V. = The future value of the investment…

Q: An investment of $3,500 is made in an account compounded quarterly at 4.1%. How much will the…

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Q: You invest $16000 that earns 4% compounded quarterly. What's the future value of the investment if…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=16000 t=8 years r=4%=0.04…

Q: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

A: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…