How much money should be deposited today in an account that earns 7% compounded semiannually so that it will accumulate to $9000 in three years? Click the icon to view some finance formulas. ..... The amount of money that should be deposited is $ (Round up to the nearest cent.)

Q: A financial adviser recommends a client deposit $1500 in a fund that earns 9.5% annual interest…

A: To find the interest rate per month

Q: What will be the value in 5 years of $17,000 at 4% interest compounded monthly? $

A: Given information:Principal amount (initial investment): Annual interest rate: Compounding…

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

A:

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

A:

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: If $7,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A:

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

A:

Q: What is the simple interest rate on a $1650 investment paying $176.72 interest in 5.1 years? %…

A: Principal amount is 1650, interest is 176.72 and time is 5.1

Q: A couple plans to save for their child's college education. What principal (in dollars) must be…

A: Given that, the couple plans to save for their child's college education.The aim is to find the…

Q: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

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%.