Lea invests $8,333 in a savings account with a fixed annual interest rate of 8%. What will the account balance be after 12 years if the interest is compounded a. Quarterly? 1. b. Continuously?

Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given:              $500 for 7 years at 6%

Q: Nancy wants to invest 2000 in saving certificates that bear an interest rate of 8.75% per year,…

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Q: You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

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Q: Katrina started an account with all the money she received as graduation gifts. The account had an…

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Q: $4,000 is invested at 3% for 7 years. Find the amount of interest earned if interest is compounded…

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Q: O $30,000 is invested at 6% interest compounded quarterly, Using the formula A= P(1+E)nt de termine…

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Q: circle final anwser

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Q: Tessa invests $5600 in a new savings account which earns 3.9% annual interest, compounded…

A: From the given data:

Q: Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded…

A: We know that formula for compound interest is Given:  A=3×Principal balance = $126000 P=$42,000;…

Q: Hannah invested $540 in an account paying an interest rate of 4.7% compounded continuously. Assuming…

A: Given the interest is compounded continuously

Q: f you invested $850 at 10% interest, compounded semiannually, then how much would this investment be…

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Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Given that: Principal, P=$400 Rate of interest, r=7% Time, t=5yr.

Q: What is the APY for money invested at each​ rate? ​(A) 66​%compounded quarterly ​(B) 44​%compounded…

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Q: You deposit 4000 in an account earning 4% interest compounded continuously. How much will you have…

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Q: Use the compound interest formula to solve:Suppose that you have $14,000 to invest. Which investment…

A: Given principal=$14,000time =10yearsRate =7% or 6.85%

Q: Sue puts $6000 in an investment account that earns 4% annual interest compounded continuously.  When…

A: Here, rate, r=0.04 initial investment, P=6000 Final investment, A=20,000

Q: You want to invest $2500 in an account to save for college. Account 1 pays 6% annual interest…

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Q: Complete the table for a savings account in which interest is compounded continuously. (Round your…

A: Given that P = $250, A = $335.21, t = 14 yrs.

Q: circle the final answer and read the question carefully.

A: Consider the given question,Given, Principle (P) = $17,000Rate of interest (r) = 5.4%Time (t) = 5…

Q: Maria's parents invested $14,000 at 6% per year compounded monthly. How much money will there be in…

A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Q: The Smiths invest $10,000 in an account that grows to $12,000 in 5 years.  What is the annual…

A: The Smiths invest $10,000 time, t= 5 years Final amount=$12000  P=$10000 Compound interest,…

Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

A: Given problem:- Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is…

Q: Tyra invests $5900 in a new savings account which earns 5.6 % annual interest, compounded…

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Q: find the amount of money you will have atter 20 years if you inrest $25,000 at a rate of 12% If…

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Q: Renata invested $500 at 5% compounded monthly for 4 years. What will the investment be worth at the…

A: We know that, A= P(1+(r/n))nt where, = final amount = initial principal balance = interest…

Q: Find the compound amount and compound interest if $3500 is invested for eight years and interest is…

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Q: Which of the given interest rates and compounding periods would provide the better investment?(a) 5%…

A: r=5%=0.05, n=2 a). By using compound interest formula, we have A=P1+rnn·t=P1+0.0522t=P1.0252t

Q: Nathan invested $80,000 in an account paying an interest rate of 6% compounded continuously.…

A: The formula for the amount if the interest is compounded continuously is  P = P0ert where Pis the…

Q: Billy starts a new savings account with $4,000. How much money does Billy’s account have if it gains…

A: Find the amount after 5 years with different term

Q: Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate…

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Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

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Q: You deposit $4000 in an account earning 3% interest compounded continuously. How much will you have…

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Q: T= 0,025 If you invest $10,400 in the United States, and the interest is compounded monthly, when,…

A: Given Principle value P =$10,400 Amount A=$20,000 Rate  of interest r=0.025 To find when the amount…

Q: Dennis deposits $10,000 in a savings account that earns 2.88% annual interest, compounded…

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Q: How do I solve these?

A: a) It is given that, a deposit of $525 in an account that earns an annual rate of 4%.The time it…

Q: Aubrey invested $61,000 in an account paying an interest rate of 1.9% compounded continuously.…

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Q: Use the exponential growth formula to calculate the amount of money you will have in the bank after…

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Q: t what monthly compounded interest rate does it take five years for an investment to quadruple?

A: Compound interest formula is given by    A = P(1+rn)nt           where P = principal…

Q: An investment of 50,000 php was made in bank that offers 0.5% interest compounded continuously.…

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Q: You deposit $6000 in an account earning 7% interest compounded continuously. How much will you have…

A: We have to find the compound intrest for the money deposited in Bank

Q: A Math 110 student decides to make quarterly payments of $1,000 into a retirement account paying 2%…

A: Given data : Quaterly payments of $ 1,000 i.e P = $ 1,000 x 4 = $ 4,000 ( yearly) rate of interest =…

Q: Rochelle deposits $4,000 in an IRA. What will be the value (in dollars) of her investment in 25…

A: We can make it easier for you

Q: You invest your life savings into an account with continuously compounded interest, and you find…

A: Investment is according to continuously compounded interest. Principle amount (invested)= P0 Amount…

Q: Diego deposited a certain sum of money in a bank 3 years ago. If the bank had been paying interest…

A: For continuous compounding:       A = Per*t P =  initial deposit to the account  A = Accumulated…

Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: Aaron invested $7,500 in an account paying an interest rate of 1.5% compounded continuously.…

A: Continuous compounding formula: - When it is specifically stated in a problem that the amount is…