Lori deposited $4,500 into a 30-year retirement account that earns 3% annual interest, compounded semiannually. Find the amount of interest the account earns if she makes no other deposits or withdrawals.

Q: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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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…

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: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: Mark deposited P1,200 in an account that pays 3 ½% compounded monthly. He continues to deposit the…

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Q: Lupe Gonzalez has $6500 in her retirement account. Find the interest rate required for the fund to…

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Q: Determine the interest earned if $87000 is invested at 1.7% simple interest for 47 months.

A: .

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

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Q: You invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to…

A: According to the given data Initial investment is $10000 After 5 years it becomes $17320 That means…

Q: present value of the loan

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Q: Johnson placed $15,000 into his credit union account paying 7% compounded semiannullay. How much…

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Q: When Jack started his job working for an idustrial manufacturing company, he contributed $680 at the…

A: According to the given information it is required to find how much money Jack would have at the end…

Q: You have 300,000 saved for retirement. Your account earns 4% interest. How much will you be able to…

A: Given that, You have 300,000 saved for retirement. Your account earns 4% interest. We need to find…

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

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Q: Suzy put some money into an accout paying 5.5% interest compuunded continuously for 12 years. She…

A: Given,   Interest rate = 5.5 %   Total amount she has after 12 years = A = $18,900   And it is…

Q: A savings account that has 850$ deposited on march 1st earns 0.4% annual interest compounded daily.…

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Q: Jessica deposits $2435 at the beginning of each semiannual period for 8 years in an account paying…

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Q: Richard invests $298.66 every month into an account. At the end of 30 years, he has a balance of…

A: Given: The investment rate is $298.66 per month and  total time 30 year=360month and final balance…

Q: Jeanalyn is saving P6,000 every end of quarter for 8 years for the college education of her only…

A: P= p6000  Time =8 years  Interest rate (r) = 14%  Find the amount in 8 years if compounded…

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: Rikki Blair borrowed $6000 from her daughter Lynette. She repaid the $6000 at the end of 2 years. If…

A: We wiil use formula for compound interest .

Q: You have $ 147,196 saved for retirement. Your account earns 9.6 % interest. How much will you be…

A: Given Data: The balance in the account at the beginning is: P=147196 $ The annual interest rate is:…

Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.