Michelle deposits P1o,000 in an account that eams 8% simple interest. How long will it take for the total amount in her account to reach P12,00o?+ is the equivalent of 30% in decimal form? O 2.3 years O 2.4 years O 2.5 years O 2.6 years SLIDESMANIA.COM

Q: Melanie invests $13,000 at 13% simple interest for 1 year. How much is in the account at the end of…

A: Substitute 13000 for P, 13% for r and 1 year for t in the simple interest formula I=Prt and…

Q: You deposit $5000 each year into an account earning 4.1% interest. How much will you have in the…

A: Please find the answer in next step.

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: On April 2014, you could buy a 30-year U.S. Treasury note for $15000 that pays 6.08% simple interest…

A: Given data:   The given amount is P=$15000. The given interest rate is r=6.08%. The given time from…

Q: loan

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Q: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

Q: After retiring, you want to be able to take $1000 a month for a total of 15 years from your…

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Q: Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She…

A: The future value of the investment in the IRA is given by the formula:Here,P is the periodic deposit…

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

A: ANSWER :

Q: You deposit $2000 each year into an account earning 2% interest compounded annually. How much will…

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Q: You put $500 in the bank, where it earns 1.5% simple interest each year. How long until your money…

A: We will solve the following

Q: Your Great Aunt Thelma invested $3.75 for you the day your were born. The investment doubles every…

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Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

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Q: Chris invests $8,000 at 7% simple interest for 31 years. Round your answers to the nearest cent.…

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