b. Suppose that $250 is invested in an account that earns 5% annual interest. Find the amount money in the account after 20 years.

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Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

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Q: If P25,000 is deposited in an account that earns interest compounded monthly becomes P32,000 after 2…

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

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Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: . Nadia received $200 for her 10th birthday. If she saves it in a bank account with 7.5% interest…

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Q: Suppose you have $2700 in your savings account at the end of a certain period of time. You invested…

A: Given: Principal amount P= $2000 Future value A= $2700  Rate r= 7.47 % annually To find time t (…

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Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

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Q: Suppose that you have 5000$ in your bank account and each month you withdraw 14% of the money left…

A: I withdraw 14% of the money every month.  So at the end of every month, there is (1-0.14)=0.86 of…