How much money should be deposited today in an account that earns 7% compounded quarterly so that it will accumulate to $6500 in 5 years? O $1905.64 O $4594.36 O $9196.06 O $4634.41

Q: If you deposit 9000$ into an account paying 5.5% annual interest compounded semiannually, how much…

A: As we know that the expression for the compound interest is:   A=P1+rnnt   Where P is the principal…

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: A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: How much interest (in dollars) is earned in 7 years on $8,400 deposited in an account paying 8%…

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Q: How much must be deposited at the end of each year for 5 years to accumulate to $2919.00 at 4%…

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Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

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Q: How much interest will an account earn if you deposited $715 semi-annually for 11 years and the…

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Q: 5. If you deposited $1500 into an account that paid 2% interest, compounded monthly, what would be…

A: Please refer to the image below

Q: How much money will i have if I am going to deposit 1000$ every month starting now for 5 years if…

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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 $8,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A: Given that, P = $8000 r = 0.03 n= 4 t = 5 years The formula for calculating the compound interest…

Q: At the time of her grandson birthday a grandmother deposits 10000$ in an account that pays 2.5%…

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Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

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Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

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Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

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Q: What lump sum should be deposited in an account that will earn 5% compounded quarterly, to grow to…

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Q: How much money should be deposited today in an account that earns 7% compounded semiannually so that…

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Q: What interest will be earned if $4,800 is invested for 7 years at an annual rate of 12% compounded…

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Q: How much money should Patricia invest today in a fund that earns interest at 3.42% compounded…

A: Amount invested today$43828.29Explanation:Step 1:First of all, we have to calculate the effective…

Q: Suppose that $30,000 is invested with 2.5% interest compounded quarterly (4 times a year). Determine…

A: Given that       P = principal amount = $ 30000      r = interest rate = 2.5% = 0.025     n = number…

Q: Suppose that $12,000$⁢12,000 is deposited for five years at 3%3% APR. Calculate the interest earned…

A: The deposited amount is $ 12,000. Time for the deposition is 5 years. Rate of interest is 3%.

Q: How much money would you need to deposit today at 9% compounded quarterly to have OMR 12,157 after 6…

A: OMR 7127

Q: How much should a business save at the end of every quater if they need $100,000 in 5 years to pay…

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Q: You deposit $2000 each year into an account earning 8% interest compounded annually. How much will…

A: Annual payment (pmt) =$ 2000 Interest rate i=8 % = 8100=0.08 Time period n=30 years        Formula :…