Shayla deposited $6,000 into an account earning 5% interest per year, compounded every 6 months. She then added $1000 into the account at the end of each 6 month period over 12 years. How much money will be in the account at the end of the 12 years? Round to the penny $

Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

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Q: You deposit $1200 in an account with an annual interest rate of 3%. How much simple interest is…

A: Given,  Principal = p = $ 1200  Interest rate = r = 3 %  Time period = t = 5 years  We have to find…

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

A: If the interest is simple, then the formula used is A=P(1+rt), where A is the final amount, P is the…

Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: A person buys a boat for $32,750. The boat loses value at a rate of 4.2% per year. What will the…

A: Given: The boat price is(Amount)=$32,750 Rate of interest(loses value)=4.2% To find: The value of…

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Q: Larry invests in a $100 savings plan.The plan pays 41/2% interest each year on his account balance.…

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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: You deposit $3000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: P=Principle=$3000t=time=15 yearsr=interest rate=8%=0.08A=final amount=?n=number of times compounded…

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: Dexter deposited $6,300 into a savings account that earns 2.60% simple interest per year. How much…

A: Given that  Dexter deposited $6,300 into a savings account   that earns 2.60% simple interest per…

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: Fritz buys a car costing $10,500. He agrees to make payments at the end of each monthly period for 8…

A: P = 10500 r = 9.6% = 9.6/100 = 0.096 t = 8

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A: We have to find the resale value of the laptop after 3 years.

Q: stacy has 100$ in a savings accont that earns 5% annually. the interset is not compounded. how much…

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

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