If $6000 is invested in an account that pays 3% annual compounded interest, compare the  amount in the account after 10 years if the interest is compounded  a) semiannually (twice a year)  b) quarterly (four times a year)  c) monthly (twelve times a year)  d) continuously

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Q: A sum of $50,000 is invested in a savings account which pays interest at a rate of 9% per year…

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A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve first three…

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A: The total worth now A=$34900 Rate of interest r=6.5% Time t=76 years For Quarterly n=4  Let original…

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Q: Can you give me the formula 4 interest on an investment

A: To find a formula which gives relation between investment and interest.

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A: formula

Q: Given 6000 pesos invested at 1.5% Simple interest per annum; how many pesos total will you have at…

A: We can solve the problem by simple interest formula.

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A: See the handwritten solution

Q: paying 15.5%

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Q: If you had the choice of 5% simple interest or 5% compound interest for a savings account, which one…

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Q: If $1000 are deposited into an account with 10% interest rate, compounded annually, what is the…

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Q: After some thought, you have decided that you will need $60,000 each year to live on after you…

A: This is a problem related to simple interest calculation. Based on the general formula of simple…

Q: Now imagine you are 25 years old. Use the same value of P from 1), above, but do this: Deposit P…

A: If I am 25 years old and I started saving $400 per month at 7% compounded monthly. I did it until 35…