Twenty years ago, Euler deposited $3000 into a college savings account which pays 4% interest, compounded continuously. What is the current value of the investment? Round to the nearest cent

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: What will be the value in 5 years of $17,000 at 4% interest compounded monthly? $

A: Given information:Principal amount (initial investment): Annual interest rate: Compounding…

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

A: We have given,

Q: A bank pays interest at the rate of 6% per year, compounded monthly. If a person deposits $2500 in a…

A:

Q: Find the present value of $10,000 in 9 months at 9.2% interest Give your answer to the nearest…

A: Given that The  total amount A=$ 10000Interest rate r=9.2%=9.2100=0.092Time t=9 months =912=34=0.75…

Q: At the time of her grandson's birth, a grandmother deposits $2000 in an account that pays 8.5%…

A: the principal value = $2000 time period is 21 years which when converted into months is…

Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

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Q: Suppose you deposit $1000 in an account that earns 7% interest compounded annually. What will the…

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Q: How much interest will an account earn if you deposited $715 semi-annually for 11 years and the…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded…

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Q: Springfield florist plans to replace it's delivery vehicle in three years . If they set aside $16000…

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Q: You deposit $3200 in a bank with annual interest rate of 3.5% compounded annually. What would you…

A: The deposit is $3200, interest rate is 3.5% compounded annually. The balance amount be 5 years later…

Q: A 43-year-old man puts $2000 in a retirement account at the end of each quarter until he reaches the…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: A couple plans to save for their child's college education. What principal (in dollars) must be…

A: Given that, the couple plans to save for their child's college education.The aim is to find the…

Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: Suppose that $8,000 is invested into an account earning 6.8% interest compounded monthly. Estimate…

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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

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Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…

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Q: Suppose you deposit $4000 in a CD paying 5% interest, compounded monthly. How much will you have in…

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Q: An investment of $4,500 was deposited into an account that pays 7% annual interest. How much money…

A: Given query is to find the amount accumulated after 8 years.