Silvio invested $12,000 into an account that earned 4.5% APR compounded daily for 6 years. What was the account balance after 6 years? Do not round any decimals until the very end! Then, round to the nearest cent.

Q: Andy deposits $5000 into an account where intrerest is compounded biweekly. After five years, andy…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

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

A:

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. how much…

A: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. We have to find…

Q: George puts his bonus of $4,200 into an account earning 7.5% compounded monthly.  How long will it…

A: Given: Initial amount = 4200 rate of interest = 7.5 monthly Final amount  = 5000 Now, we need to…

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: 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: Berno deposits $30,000 into an account paying 3.25% annual interest, compounded quarterly. How much…

A:

Q: Lily has $550,000 saved for retirement in an account earning 2.05% interest, compounded quarterly.…

A: Given  lilly has saved $550000 for retirement

Q: Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her…

A: Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Q: Francis invests $4000 in a savings account earning 3.25%/year compounded weekly for 5 years. How…

A:

Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

A:

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

A:

Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

A:

Q: s a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an…

A: This is a basic question testing the application of compound interest. We just have to plug-in the…

Q: Sarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually.

A:

Q: Juan invested $5,600 at 5.75% compounded quarterly for 7.5 years. How much will be in his account at…

A: See calculation below