Hayden Invested $750 for three years at an Interest rate of 0.035. How much Interest did he earn in that time? %24

Q: You deposit $5000 in an account earning 8% interest compounded monthly. How much will you have in…

A: The objective of this question is to calculate the future value of an investment with monthly…

Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

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Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

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Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

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Q: Julie borrowed $8200 at a simple interest rate of 0.5% per month. How much interest will she owe…

A: Given : Julie borrowed $8200 at a simple interest rate of 0.5% per month.   To Find : Simple…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: You deposit $6500 into an account paying 8% annual interest compounded monthly. How much money will…

A: solution of the given problem is below ...

Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: You deposit $3000 in an account earning 5% interest compounded monthly. How much will you have in…

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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: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

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: Vince deposits $680 into a savings account that earns interest at a rate of 5.5% monthly. In seven…

A: Given: Vince deposits $680 into a savings account that earns interest at a rate of 5.5% monthly for…

Q: Margo borrows $100, agreeing to pay it back with 6% annual interest after 16 months. How much…

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Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: Let the monthly payment be P . It is provided that future value, A=10000 . The rate of interest, r…

Q: You purchase a new car for $19,500.             If you borrow $19,500 for 5 years with an interest…

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Q: simple

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Q: A person has ​$1,264 in your bank account that is paying an interest rate of 2.7​% ​(0.027​) per…

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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: Lori buys a $1,075 certificate of deposit (CD) that earns 3.2% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

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Q: We invest $4000 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Let, P = initial  amount r = annual  interest  rate t = time ,then the simple  interest  formula…