What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

Q: Sarah invests $4848 in a savings account with an annual interest rate of 5% compounded 2 times per…

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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 need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

Q: Francis invests $4000 in a savings account earning 3.25%/year compounded weekly for 5 years. How…

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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: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

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Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

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