How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

Q: If Tyler needs to have $1 7000 to buy a car in 4 years, how much money would he have to place into…

A: tyler needs=$17000 t=4year r=5% principle  amount ?

Q: A bank pays interest at the rate of 6% per year, compounded monthly. If a person deposits $2500 in a…

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Q: How long will it take to save $20,000 by making deposits of $100 at the end of every month into an…

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Q: A company will need $25,000 in 8 years for a new addition. To meet this goal, the company deposits…

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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: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: How long was ₱30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

A: Given, P= 30,000 A= 50,000 r=8.25%=0.0825 n=12(compounded monthly)

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

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Q: How long will it take for a $3,482.00 loan to double in value at a 7.5% compounded monthly interest…

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Q: Karen wishes to have $17,730 cash for a new car 5 years from now.  How much should be placed in an…

A: Given: Karen wants $17,730 after 5 years. The interest is compounded weekly with a rate of 6%. To…

Q: the suarez family invests $10,000 at an annual interest rate of 4.9% compounded monthly. how much is…

A: Step 1: Step 2: Step 3: Step 4:

Q: 7. An investment account pays 3.9% interest compounded semi-annually. If $4,000 is invested in this…

A: We are given,Principal P = $4000Rate , r = 3.9% = 0.039Interest is compounded semi-annually then ,…

Q: If you invest $3000 at 5% compounded quarterly, how long will it take the account to double in time?…

A: P=3000,  r=5%=0.05,  n=4

Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: A graphic artist receives $3,700 for a contracted job. The money is placed in a certificate of…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

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

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