Find the future value and interest earned if $8804.56 is invested for 8 years at 5% compounded semiannually and continuously?

Q: .If you deposit 6000RS into an account paying 6.5% annual interest compounded quarterly,  how long…

A: we need to find time when there is Rs12600 in the account

Q: Suppose $5000 is invested at the interest rate of 6.4% per year compounded quarterly for 3 years.…

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Q: 7500 pesos payable at the end of each month for 10 years if money is invested at 5% compounded…

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Q: At the time of her grandson birthday a grandmother deposits 10000$ in an account that pays 2.5%…

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Q: What is the future value of $6000 earning 12% interest, compounded monthly, 6 years. Round to the…

A: Given,          P=$6000          r= 12%          n=12( compounded monthly)  And         t=6years

Q: To save for retirement, a student invests $30 each month in an ordinary annuity with 3% interest…

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Q: Find the future value and interest of $10,000 at 5.8% compounded continuously for eight years. A.…

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Q: Find the present value that will grow to $2,000 if the annual interest rate is 8.5% compounded…

A: To find the present value which will grow to $2000, with the annual interest rate is 8.5% compounded…

Q: An employee deposits $600 in to her TRS account every month. The account earns an annual rate of 8%…

A: To solve this problem, we need to use the formula for compound interest: A=P(1+rn)nt where, A = the…

Q: Find the future value if $7000 is invested for 7 years at 7% compounded annually

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Q: Find the accumulated amount at the end of 4 years if $5000 is invested at the rate of 10% per year…

A: Given information Amount=$5000 Interest rate r=10% ⇒r=10100=0.1 Time=4 years We have to find the…