In the year 1977 a new house was appraised at $182000. According to the CPI data, how much should a new duplicate house cost in 2014? Round to the nearest dollar.   Sally invests $15100 in an account that pays an APR of 4.9% compound interest that is compounded continuously.What is the balance after 15 years? Round to the nearest dollar.

Q: If $500 is invested at 4% interest, compounded annually, then after n years the investment is worth…

A: We need to find out that after 6 years what will be the invested amount become.

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: The first credit card Elisabeth receives charges 13.81% interest compounded monthly to its…

A: compounded interest =13.81% n=4 months A=2425.23 i=13.8112×100   =0.011508 it is known that  A=P1+in

Q: $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

A: In compound interest, total amount is given by A=P[1+(r/n)]nt

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Q: If $13,000.00 is invested at 12% annual simple interest, how long does it take to be worth…

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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: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

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Q: Cameron starts an IRA (Individual Retirement Account) at the age of 36 to save for retirement. She…

A: The objective of this question is to calculate the total amount of money Cameron will have in her…

Q: Cameron starts an IRA (Individual Retirement Account) at the age of 32 to save for retirement. She…

A: The objective of this question is to calculate the total amount of money Cameron will have in her…

Q: Kylie invested $4, 400 into an account that grew to $20, 300 over a period of 14 years. Assuming…

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Q: A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded…

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Q: Suppose that $8,000 is invested into an account earning 6.8% interest compounded monthly. Estimate…

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Q: At the time of her grandson's birth, a grandmother deposits $11,000 in an account that pays 9.5%…

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Q: An investment of $4,500 was deposited into an account that pays 7% annual interest. How much money…

A: Given query is to find the amount accumulated after 8 years.