How much money should be invested in an account that earns 9% interest, compounded quarterly, in order to have $5,000 in 5 years?

Q: $10,000 is deposited in a money market account when interest is compounded every month at an annual…

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Q: How much money should be invested in an account that earns 6% interest, compounded quarterly, in…

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Q: $3280 at 0.3%. simple interest paid back in 9 years how much was paid in total?

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Q: A savings account earns interest with an APR of 2.65%, compounded quarterly. If $2,517 is saved in…

A: If you have any problem let me know in the comment section.

Q: If you invest $300 into a savings account that earns 8% annual interest compounded monthly, how much…

A: Here we find compounding.

Q: Find the amount in the account after $300 is invested for 1 year at 6% compounded monthly. (Enter a…

A: Here, the formula used is: A=P1+rnnt

Q: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

A: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

A: The formula for calculating compound interest when time period is specified in years and interest…

Q: $700 is invested at 4.75% annual interest, compounded monthly. What is the balance after 25 years?…

A: The principal amount, P = $700 Rate of interest, r = 4.75% = 0.0475 The number of times interest…

Q: Find the present value of the investment. (Round your answer to the nearest cent.) worth $13,000…

A: Given: Future value is $13000. Time is 2.5 years. Simple interest is 5.25% per annum. To find:…

Q: Find the missing value. Round your answer to the nearest year.   Principal $3700 Rate 5 1/5% Time ?…

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Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

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Q: Find the interest. Round to the nearest cent. $400 at 7% for 3 years

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Q: A person 100$ in a bank account at the beginning of the month . The bank offers a return of 12%…

A: Given that: Principal amount in bank, P0 =100$ Rate of interest, i=12%

Q: What is the total interest earned, including compound interest, if you left $500 in a savings…

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Q: A grandparent puts $5,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: Given that: Principal(P) is $5000. The rate of interest(r) is 3.75%. Time(t) is 16 years and n is…

Q: Find the present value of amount. $10,000 if interest is 8% compounded semiannually for 6 year

A: Consider the given information as P=$10000, r=8% For semi annually n=12

Q: Find how much money needs to be deposited now into an account to obtain $3, 900 in 6 years if the…

A: The objective of this question is to find out the initial deposit (P) required to grow to a future…

Q: You invest $49,010 in an account earning 5.26% APR, compounded daily. How much total interest is…

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Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Given Data: The principle deposited amount is: P=$6000 The rate of interest is: r=8% The time period…

Q: You deposit $3000 each year into an account earning 8% interest compounded annually. How much will…

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