If an individual makes monthly deposits of $800 in an account that earns 9% compounded monthly, then the future value S of the account after n months is given by the following formula. (Round your answers to the nearest cent.) S=$800 (1.0075)" - 1 0.0075 (a) Find the future value after 36 months (3 years). $ (b) Find the future value after 20 years. $

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: you deposit $4000 in an account that pays 7% interest compounded semiannually. After 3 years,…

A:

Q: Biswarup deposits $200 per month into his account for three years. The account pays off 3% interest…

A: Compound interest is the interest on a loan or deposit obtained based on both the initial principal…

Q: Find the amount of money in an account after 10 years if $1,300 is deposited at 8​% annual interest…

A: Principal p =$1300 deposited  Rate =8% annual compounded monthly Time = 10 years To calculate total…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: Given: Rate of interest 6% compounded monthly Amount A =$4000 interest rate r=6%=0.06 n=12 t=5 years…

Q: An amount of $1500 is deposited semi-annually for two years into a fun 10.5% per year, compounded…

A: Its is given that $1500 is deposited semi annually for two years into a fund that pays 10.5% per…

Q: You deposit $5000 into savings account that earns 0.6% compounded monthly. If you don't any…

A:

Q: Carl is planning to deposit $2000 into an account with an APR of 3%. The interest is compounded…

A: (a) For the given values, P = principle amount, r = rate of interest , t = time period and n =…

Q: Find the final amount of money in an account if $6, 300 is deposited at 2 % interest compounded…

A: Compound interest formula for an initial amount P for t years compounded n times a year at an…

Q: Find the compound amount for the deposit and the amount of interest earned. $440 at 4.3% compounded…

A: $440 deposited for 13 years at the interest rate of 4.3% compounded semiannually .

Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

A:

Q: Find the final amount of money in an account if $1, 000 is deposited at 3 % interest compounded…

A: