How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded semi-annually? years and months Express the answer in years and months, rounded to the next month

Q: How much time is n for $300 to accumul

A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where A is the final amount, P…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: How many months will it take for a $4000 to grow into $5600 if money can earn 6% p.a. compounded…

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Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

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

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Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

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Q: How much money would be in an account if $ 700 $ 700 is deposited at 2.5 % 2.5 % interest compounded…

A: Given that, the deposited amount is P=$700, the rate is r=0.025, the interest is compounded weekly…

Q: How much should be invested now at 6.15% compounded annually to have $35,000 in 16 years?

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Q: If $6000 is invested for six years and seven months at 6% compounded semi-annually, what is the…

A: I have appended the formula used in the solution procedure

Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

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Q: The desired accumulated amount is $60,000after 11 years invested in an account with 2.3% interest…

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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 total amount of the investment after 10 years if $5,000 is invested at 7.34% compounded…

A: I am going to solve the problem by using some simple calculus to get the required result of the…

Q: How much will an investment of $5,000 be worth in 8 years if it earns 2.2% in annual interest…

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Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…

A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000  t=duration=9…

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

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Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

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Q: If $6,000 is invested at 3% compounded monthly, what is the amount after 9 years? The amount after 9…

A: Invested amount P = $ 6,000               Interest rate  r = 3 %  = 3100 = 0.03…

Q: How much money should  be invested in an account that earns 9% interest, compounded semiannually, in…

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