How much money should be invested in an account that earns 9% interest, compounded monthly, in order to have $15,000 in 4years? (Round your answer to two decimal places.)

Q: If you invest $1200 with interest compounded weekly (52 times per year) at 2.1% for 6 years, how…

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Q: If you leave $5400 in an account earning 4% interest, compounded daily, how much money will be in…

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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: amount of $50,000 is borrowed for 13 years at 4.5% interest, compounded annually. If the loan is…

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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: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: Brendan needs $12 000 in 3 years for college. How much must he invest today at 8.9%, compounded

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Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

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

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Q: An amount of $2200 is invested at a 6.6% annual interest rate, compounded monthly. How many months…

A: Given amount is $2200 is invested at a 6.6% annual interest rate, compounded monthly. Let, after t…

Q: Dolores wants to save $70 a month in an account which pays 6% interest compounded monthly. If they…

A: The future value F of an annuity of n payments of E dollars each, paid at the end of each investment…

Q: How long, in years, will it take an investment of $1000 to triple to $3000 at annual simple interest…

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