You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 8% interest compounded quarterly. By how much will your deposit have grown after 5 years (in dollars)? (Round your answer to the nearest cent.) $

Q: You deposit $5000 in an account earning 8% interest compounded monthly. How much will you have in…

A: The objective of this question is to calculate the future value of an investment with monthly…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

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Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: You deposit $5000 each year into an account earning 4.1% interest. How much will you have in the…

A: Please find the answer in next step.

Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: You take a loan from your local bank. Determine the interest that is accrued on $7000 for five years…

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Q: $1500 at 7% compounded annually for 3 years, what's the total balance?

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Q: You deposit $200 each month into an account earning 5% interest compounded monthly. How much will…

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Q: Find the final amount of money in an account if $4, 600 is deposited at 3% interest compounded…

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Q: Shayla deposited $6,000 into an account earning 5% interest per year, compounded every 6 months. She…

A: Please check step 2 for the solution.!