Jimmy invests $500 in an account with a 3% interest rate, making no other deposits or withdrawals. What will Jimmy's account balance be after 10 years if the interest is compounded 2 times each year? O $173.43 O $580.27 $673.43 $903.06

Q: $10,000 is deposited for 2 years in an account that earns 5% interest.  calculate the simple…

A:

Q: Yoy deposit $200 each month in an account earning 3% interest compounded monthly. How much total…

A: Given that $200 deposited each month in an account and earning 3% interest compounded monthly.

Q: Find the interest earned for $2,300 which is invested at 18% compounded monthly for 48 months?…

A: Find the interest earned for $2300 which is invested at 18% compounded monthly for 48 months?

Q: You have $3,500 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Credit amount Rate of interest Time period  year

Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

Q: You deposit $3000 in an account earning 5% interest compounded monthly. How much will you have in…

A:

Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

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

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Towed $3000 from his brother Dave. He agreed to repay the money at the end of 2 year the money had…

A: In this question, the concept of compound interest is applied. Compound Interest Compound interest…

Q: placed in a savings account at 3% per annum compounded annually. How much is in the account in…

A: Topic = Algebra

Q: John invests $1,500 at 6% annual interest compounded continuously. How much is in the account after…

A: We can make it easier to get it.

Q: Kelly has an aboveground swimming pool. Using water from one hose requires 3 hr to fill the pool. If…

A: Hose 1 can fill pool in 3 hr Hose 1 and hose 2 can fill pool in 1.2 hr To find time for hose 2 alone

Q: You have $400,000 saved for retirement. Your account earns 10% interest. How much will you be able…

A: Value(P) = $400,000  Interest (r) = 10%  = 0.10 Time (t)= 15 years  Payout annuity :  P = PMT * (1-(…

Q: You deposit $5000 each year into an account earning 7% interest compounded annually. How much will…

A:

Q: To save for graduate school, a student invests $1470 semiannually in an ordinary annuity with 3%…

A: To save for graduate school, a student invests $1470 semiannually in an ordinary annuity with 3%…

Q: Judah is going to deposit $5000.00 in and account that earns 4% interest for 20 years. How much more…

A:

Q: Brad invests $6,700.00 in an account paying 6% compounded monthly. How much is in the account after…

A: Given that Brad invests $6700.00 in an account paying 6% compounded monthly. Find how much is in the…

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A:

Q: You deposit $4,000.00 each year into an account earning 2% interest compounded annually. How much…

A:

Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.