Gilberto opened a savings account for his daughter and deposited $1000 on the day she was born. Each year on her birthday, he deposited another $1000. If the account pays 10% interest, compounded annually, how much is in the account at the end of the day on her 8th birthday? ・・・ At the end of the day on her 8th birthday, the amount in the account is $. (Simplify your answer. Type an integer or a decimal. Round to the nearest cent if needed.)

Q: Suppose you save $5 each week. If you continue saving for 5 years, how much will you have saved

A: Since we know that  normally there are 52 weeks in a year. so in 5 years = 52*5…

Q: Round to the nearest tenth of a year. years

A:

Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: Gilberto opened a savings account for his daughter and deposited $700 on the day she was born. Each…

A:

Q: Sheridan Service has a line of credit loan with the bank. The initial loan balance was $6000.00.…

A: Given Inputs Initial Loan Balance = $6,000 Payment made after 4 months = $2,000 Payment made after 9…

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

A:

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: You make a payment of $300 at the beginning of each month into an account that earns 3.6% annual…

A:

Q: loan

A:

Q: A Tesla Model Xsells for $104,350; if the car depreciates or loses 17% of its value each year. How…

A: Given that the depreciation rate = 17% = 0.17  So the depreciation factor = 1 - 0.17 =0.83  So after…

Q: Kyle has a $15,000 in college debt when he graduates. He will pay it back with regular monthlly…

A:

Q: Britt invested some money at 8% compounded semiannually. At the end of 5 years, her investment has…

A:

Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

A: Therefore, it will take almost 4.6 years for the amount to be worth $11,115.Explanation:Step 1: Step…

Q: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: $1600 is deposited into an account for which interest is compounded annually. The value of the…

A:

Q: If $1000 is deposited in an account that pays interest quarterly, and if the money grows to $1150…

A: