Write down the formula for B if an annual interest rate of 4. 8% is compounded every second month.

Q: suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every…

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

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Q: s compounded annually,

A: The compound interest formula reads as follows:            whereA= Amount transferred at the end of…

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

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Q: A company will need $25,000 in 8 years for a new addition. To meet this goal, the company deposits…

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Q: A principal amount of $1,300 is placed in a savings account with an annual interest rate of 5.95%…

A: Given that, the principal amount of  is placed in a savings account with an annual interest rate of…

Q: 7. An investment account pays 3.9% interest compounded semi-annually. If $4,000 is invested in this…

A: We are given,Principal P = $4000Rate , r = 3.9% = 0.039Interest is compounded semi-annually then ,…

Q: A graphic artist receives $3,700 for a contracted job. The money is placed in a certificate of…

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Q: Suppose that a sum of money is invested at an annual interest rate of 4%. Determine the time, in…

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Q: A committee will award two $5000 scholarships each year for the next 20 years. How much money should…

A: ANSWER:

Q: Find the interest earned on $30,000 deposited into an account paying 2.5%. Round to the nearest…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: Suppose $2,000.00 dollars is invested in an account for 20 years. Find the value of the investment…

A: Suppose $2,000.00 dollars is invested in an account for 20 years. We have to find the value of the…

Q: A principal amount of $14,390 is placed in a savings account with an annual interest rate of 3.13%…

A: The compound interest formula is:Where,  is the principal, is the annual rate of interest,  is the…

Q: The tangent line to g(x)at x=3 is L(x)=7x−26 (see the diagram below). Find h′(3)where h(x)=(g(x))^4.…

A: Given h(x) =(g(x)) ^4 To find h'(3)

Q: Keeler's Fabrication sets aside ​$4900.00 at the beginning of every three months in a fund to…

A: The  quarterly payment  PMT = $ 4900 Payments per year m=4 Number of years t= 9 years Number of…

Q: An employee deposits $600 in to her TRS account every month. The account earns an annual rate of 8%…

A: To solve this problem, we need to use the formula for compound interest: A=P(1+rn)nt where, A = the…