The amount of money in the account after 2.5 years is ​ ​(Round to the nearest cent as​ needed.) Part 2 b. Find the interest earned.

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: 5. A family deposited $8000 into an account six years ago. The account eamed simple interest at a…

A: It is given that, Principle amount is, P=$8000 Total interest earned is, B=$1200 Rate of interest is…

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple…

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Q: The principal represents an amount of money deposited in a savings account subject to compound…

A:

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: The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's…

A: Given  the principal amount P=$6000Interest rate r =4.5%=4.5100=0.045Time t=4 months          t= 412…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: We have to solve given quesique using Formula:

Q: $5000 8% annually 4 years   A. Find how much money there will be in the account after the given…

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Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: See the attachment

Q: Find the simple interest on a $2000 investment made for 2 years at an interest rate of 9%/year. What…

A: Formula for finding Simple interest (S.I)  is S.I=prtwhere p= principal amount,            r=rate of…

Q: Find the amount of compound interest earned. 5) $5000 at 6% compounded annually for 3 years

A: Recall the following fact.

Q: The principal represents an amount of money deposited in a savings account subject to compound…

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Q: A person 100$ in a bank account at the beginning of the month . The bank offers a return of 12%…

A: Given that: Principal amount in bank, P0 =100$ Rate of interest, i=12%

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

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Q: Find the compound amount for the deposit and the amount of interest earned. $440 at 4.3% compounded…

A: $440 deposited for 13 years at the interest rate of 4.3% compounded semiannually .

Q: Determine the value of the annuity for the indicated monthly deposit amount, the number of deposits,…

A: An annuity is a fixed amount of income that is given annually or at regular intervals. An annuity…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Given Data: The principle deposited amount is: P=$6000 The rate of interest is: r=8% The time period…

Q: Fritz Benjamin buys a car costing $18,900. He agrees to make payments at the end of each monthly…

A: Given, PVA (Present value of the annuity)=$18900i ( Interest rate in decimal form)=4.8%n (Number of…

Q: Find the balance in the account after the given period. $2000 principal earning 3% compounded…

A: