How much interest will you earn in 8 years if you invest $7500 at 4.25% compounded semi-annually? [Hint: How many times a year is semi-annually?]

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=2000 future value)…

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: How much money should be deposited today in an account that earns 4% compounded semiannually so that…

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Q: How long (in years) will it take to triple your money if it is invested in a certificate of deposit…

A: Money is invested in a certificate of deposit (CD) and it is given that,Annual interest rate = 4% =…

Q: n order to pay for college, the parents of a child invest $20,000 in a bond that pays 8% interest…

A: P = 20,000r = 8% = 0.08t = 18n = number of compounds in one year = 2

Q: You want to buy a $19,000 car. The company is offering a 2.5% annual interest rate, compounded…

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Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

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Q: $20,000 is invested at an annual interest rate of 12%, compounded semi-annually. What is the balance…

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Q: If you invest $7,000 in an account paying 3% interest compounded quarterly: how much will be in the…

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Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest…

A: The compound interest formula is A = P1 + rnnt In the formula, A = Accrued amount (principal +…

Q: If $4500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…

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Q: How much should you invest now at 5% compounded quarterly to have $8000 in 4 years?

A: As in compound interest quarterly A = P1+rnnt