Find the interest rate needed for an investment of $7000 to grow to an amount of $9500 in 2 years if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.)

Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

Q: 2 y = f(x) 3 4 5

A: The given graph of function f(x)

Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12%…

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Q: Find the interest rate needed for an investment of $3,000 to double in 6 years if interest is…

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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 amount of money in an account after 10 years if $1,300 is deposited at 8​% annual interest…

A: Principal p =$1300 deposited  Rate =8% annual compounded monthly Time = 10 years To calculate total…

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

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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: Find the interest rate needed for an investment of $5000 to grow to an amount of $8500 in 3 years if…

A: The formula used for calculating compound interest is, A=P1+rnnt where, A  : final amount P :…

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: Find the interest rate required for an investment of$5000 to grow to $7500 in 5 years if interest is…

A: Given the principle of investment (P) =$5000 , amount after 5 years (A)=$7500 and time duration…

Q: An investment of $5,650 is made in an account compounded quarterly at 5.1%. How much will the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Find the interest rate needed for an investment of $5,000 to triple in 13 years if interest is…

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Q: A payment of $1500 is due in three months. Find the equivalent value at nine months if the interest…

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Q: Suppose that $8,000 is invested into an account earning 6.8% interest compounded monthly. Estimate…

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Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

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Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

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Q: You have $2500  that you invest at 5.3% compounded quarterly. The total accumulated amount at the…

A: Simply use the the formula for the compound interest and substitute the values then simplify.

Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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

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Q: Find the interest rate needed for an investment of $3,000 to triple in 11 years if interest is…

A: To find the interest rate we use compound interest formula A=p1+rnnt where p is the amount invested…

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: Given: A couple needs $55000 as a down payment foe a home , Therefore, A=55000 is the future value,…

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 8%…

A: From the given statement it is observed that, the investment of $40,000 at 8% compounded quarterly…