How much time will be needed for $30,000 to grow to $38,069.57 if deposited at The amount $30,000 will grow to $38,069.57 in year(s). kt 6% compounded quarterly? For calculating use the formula A = P 1+: (Do not round until the final answer. Then round to the nearest tenth as needed.)

Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12%…

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Q: Cindy plans to invest for 10 years at 1.5%, compounded annually. If she hopes to have $10,000 after…

A: Consider the following information: AmountA=$10,000Rate of interestr=1.5⁒n=1Time periodt=10 years…

Q: Money is invested at 10.51% p.a. compounded monthly for 2 years and 7 months. What is the numerical…

A: "n" refers to the number of years during which the money is invested. After the end of "n" years,…

Q: calculate what $780 would grow to at 6.5% per year compounded daily for 6 years. (round your final…

A: Formula: A=P1+rnnt where A= Final amount P=Principal amount r= Rate of interest t= Time period in…

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: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: You have taken a loan of $6,000.00 for 3 years at 1.8% compounded monthly. Fill in the table below:…

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Q: Josephine plans to invest $200 at the end of each month into an RRSP for the next 10 years. If she…

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Q: You invest $13,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Here given that                      principle amount (P)=13000 $                      Interest rate…

Q: You put $500 in an interest bearing account with an annual interest rate of 8% compounded quarterly.…

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Q: The time it would take to accumulate $13,000 by depositing $500 at the end of each month in an…

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Q: Find the interest rate for an $8000 deposit accumulating to $9714.83, compounded quarterly for 6…

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Q: You deposited $5,000 in a bank t years ago. Your current account balance is $8,200, and the bank…

A: principal amount that invested (P) = $5000Let, t be time in yearsaccumulated amount (A) = $8200rate…