Olivia borrows $4500 at an annual interest rate of 9% for 3 years. The equation A= 4500 1+ 0.09 represents Olivia's loan. What is the compounding period for this loan? Bi-weekly Semi-annually Annually O Monthly

Q: Barry open a compound interest savings account and his initial deposit was $1,145. The account pays…

A: Barry open a compound interest savings account and his initial deposit was . The account pays…

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

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Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: you deposit $4000 in an account that pays 7% interest compounded semiannually. After 3 years,…

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Q: ys has a balance of $532 on his credit card. the account has a 19% annual interest rate , compounded…

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Q: Pim borrows $200 at 11% per annum compounded quarterly for 6 years. Determine the interest due on…

A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

Q: $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

A: In compound interest, total amount is given by A=P[1+(r/n)]nt

Q: You borrow $4500 at 5% interested compounded quarterly. How much will you owe after 7 years?

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Q: Sarah invests $4848 in a savings account with an annual interest rate of 5% compounded 2 times per…

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Q: 12. Joshua has $59,000 to invest at Bank Wonderful. His account will earn 11% compounded annually.…

A: The given principal value P = $ 59,000 Interest rate r = 11% annually Time t = 2 years

Q: Tim is saving to buy a $20 000 car in 3 years. He deposits $550 every month into an account earning…

A: We have 3 years to buy a car.

Q: Vladimir invests $3,800 in an account that earns interest at an annual rate of 6% compounded…

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Q: gracie shay wants to buy a new hummer in six years. gracie estimates the cost of the hummer will be…

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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: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: $10,000 is invested for 5 years with an APR of 2.75% and monthly compounding.

A: The complete solutions are given below

Q: Solve for R. Your goal is to have Php100000 in 5 years. The bank offers 12% compounded at the…

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Q: An amount of $1500 is deposited semi-annually for two years into a fun 10.5% per year, compounded…

A: Its is given that $1500 is deposited semi annually for two years into a fund that pays 10.5% per…

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: You can afford monthly deposits of $120 into an account that pays 2.4% compounded monthly. How long…

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Q: Inderjot invests $2500 in a bond that pays 4.5% per year, compounded monthly, for a period of 8…

A: Inderjot invests $2500 in a bond that pays 4.5% per year compounded monthly for a period of 8 years…

Q: Kyle has a $15,000 in college debt when he graduates. He will pay it back with regular monthlly…

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