Use the compound interest formula to compute the total amount accumulated and the interest earned. $2000 for 4 years at 2.1% compounded monthly ... The total amount accumulated after 4 years is S (Round to the nearest cent as needed.) The amount of interest earned is S (Round to the nearest cent as needed.)

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

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: 4% compounded semi-annually. Find the APY.

A: Recall the following fact.

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A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

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: 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 accumulated amount after 2 years if $3500 is invested at 2%/year compounded continuously.…

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Q: $700 is invested at 4.75% annual interest, compounded monthly. What is the balance after 25 years?…

A: The principal amount, P = $700 Rate of interest, r = 4.75% = 0.0475 The number of times interest…

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

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Q: An amount of $1500 is deposited semi-annually for two years into a fun 10.5% per year, compounded…

A: Its is given that $1500 is deposited semi annually for two years into a fund that pays 10.5% per…

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: A share valued at $256.50 pays quarterly dividends in perpetuity at a rate of return of 3.50%…

A: Given: Dividend:$256.50 i=3.50%  i.e. 0.035 n=2 The effective rate of interest is obtained by the…

Q: ​$9000 at 4​% compounded annually for 7 years

A: Given information Present value P=$9000 Rate of interest r=4% Time t=7 years Formula used:-…

Q: Find the compound amount for the deposit and the amount of interest earned. $6800 at 5.4% compounded…

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Q: Find the interest rate for an $8000 deposit accumulating to $9714.83, compounded quarterly for 6…

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Q: You deposited $5,000 in a bank t years ago. Your current account balance is $8,200, and the bank…

A: principal amount that invested (P) = $5000Let, t be time in yearsaccumulated amount (A) = $8200rate…