What is the principal that will grow to $5600 in six years, eleven months at 3.7% compounded quarterly?

Q: Find the principal which amounts to $5,500 at simple interest in 5 years at 2% per annum

A: The formula for Simple interest is SI=P×R×T100, where P is the principal amount, R is the rate of…

Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: Calculate the interest earned after 5 years on an investment of $2000, assuming an interest rate of…

A: To calculate the interest earned after 5 years on an investment of $2000, assuming an interest rate…

Q: How much must be deposited at the end of each year for 5 years to accumulate to $2919.00 at 4%…

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Q: Calculate the number of months for money to double at 2.4% per annum compounded monthly

A: Let the principal invested is P  It will become 2P  Therefore, using the formula A=P1+rnnt where t…

Q: the amount of money that would have to be deposited today into a savings account at 8% compounded…

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Q: Determine the total value of the investment after 4 years if $3800 is invested at 7.9% compounded…

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Q: What is the compound amount when $6400 is deposited in an account earning an interest rate of 6%,…

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Q: Find the present value that will grow to ​$24,000 if interest is 5​% compounded quarterly for 13…

A: Find the present value that will grow to ​$24,000 if interest is 5% compounded quarterly for 13…

Q: A principal of P 2000 is placed in a savings account at 3% per annum compounded annually. How much…

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Q: What is the total investment of $3500 compounded quarterly for 8 years at a rate of 5%? And what is…

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Q: John makes annual deposits of $1600 to an an IRA earning 7% compounded annually for 16 years. What…

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