Keiko deposited $5000 into an account with a 8.6% annual interest rate, compounded semiannually. Assuming that no withdrawals are made, how long will it take for the investment to grow to $7945? Do not round any intermediate computations, and round your answer to the nearest hundredth.

Q: Duke invested $12000 into an account earning 7.5% interest compounded quarterly. Find the value in…

A: Given: Principal amountP=$12000, interest rate quarterlyr=7.5%, timet=20 years We know that if…

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Q: Berno deposits $30,000 into an account paying 3.25% annual interest, compounded quarterly. How much…

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Q: John got a part time weekend job at a local restaurant to save for a new car. He plans on depositing…

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Q: Maura received $1000 from friends and family for college graduation. If she deposits her money into…

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Q: Karen wishes to have $17,730 cash for a new car 5 years from now.  How much should be placed in an…

A: Given: Karen wants $17,730 after 5 years. The interest is compounded weekly with a rate of 6%. To…

Q: Find the final amount of money in an account if $7, 600 is deposited at 6.5% interest compounded…

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Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

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Q: Lily has $550,000 saved for retirement in an account earning 2.05% interest, compounded quarterly.…

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Q: John deposits $2,000 into a CD that guarantees a 5.8% annual interest rate, compounded yearly. How…

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Q: 2. Show that the function, defined by f(x) : is NOT uniformly continuous on its x2 domain D(f) = {r…

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Q: Sam begins saving for a down payment on a house using an investment account. The account earns…

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Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Suppose you want to have $500,000 for retirement in 30 years.  Future ValueFV= $500000Time t=30…

Q: A 55-year-old man deposits $50,000 to fund an annuity with an insurance company. The money will be…

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Q: Lucy invested for 15 years at 2.8%, compounded annually and ended with an account balance of $2250.…

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Q: Cathy makes a single deposit into an account earning 2.5% compounded monthly. After five years the…

A: used formula: A=P(1+r/n)nt   where P=initial amount or principal A=final value or final amount…