Suppose you have $2700 in your savings account at the end of a certain period of time. You invested $2000 at a 7.47% simple annual interest rate. How long, in years, your money invested?

Q: You deposit $5000 in an account earning 8% interest compounded monthly. How much will you have in…

A: The objective of this question is to calculate the future value of an investment with monthly…

Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

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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: If you make an investment of $5,000 and the investment earns an annual interest rate of 4.9%, in how…

A: Topic = Algebra

Q: You deposit $6500 into an account paying 8% annual interest compounded monthly. How much money will…

A: solution of the given problem is below ...

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Q: Suppose that $1000 is invested  at8%, compounded quarterly.​How much is in the  account at the end…

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Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

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Q: If you deposit $300 now in a savings account and increase your deposits by 10% each month, how much…

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Q: At the beginning of each quarter, $1,650 is deposited into a college fund. The fund earns 7% annual…

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Q: You deposit $5000 in an account earning 3% interest compounded continuously. How much will you have…

A: See the attachment

Q: A family decide to save some money in an account that pays 9% annual compound interest calculated at…

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Q: Suppose that you want to save up $2000 for a semester abroad two years from now. How much do you…

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Q: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: A community outreach program wants to set up a scholarship fund for students who demonstrate…

A: Formula for compound interest is,Intererst=invested amount1+interest ratenumber of times interest…

Q: Find the final amount of money in an account if $8,100 is deposited at 6.5% interest compounded…

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Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Jeff has 5 years to save enough money to pay certain debt in full. During that time, he deposits…

A: If the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount, P…

Q: You have $10,000 that you are considering whether to invest . If you invest it in an account that…

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Q: You deposit $4000 each year into an account earning 5% interest compounded annually. How much will…

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