You would like to put some money into an account so that you will have $6000 in the account 14 years from now. It the account earns 2.7% interest per year, compounded quarterly, how much should you invest now in order to reach your goal? Give the answer correctly to 2 decimal places. dollars Do NOT use the dollar sign in the answer box.

Q: Sam invests $4,000 in an account that compounds interest continuously and earns 5.5%. How long will…

A: formula for compound interest is  A=Pertwhere A is final amountP is initial amount r is rate t is…

Q: You apply for a $3000 loan at 4.5% simple interest rate to be paid back in for 3 years. What is 4.5%…

A:

Q: On his twelveth birthday, a boy inherits $12,000 which is to be used for his college education. The…

A: amount return A on investing P amount on R% compounded annually for t years is given by A=P(1+R100)t…

Q: Kristina wants to invest $4400 in a savings account that pays 6.7% simple interest. How long will it…

A: P=Principle=$4400t=time=?r=interest rate=6.7%=0.067A=final amount=double of…

Q: Half-Life The radioactive decay of Sm-151 (an isotope of samarium) can be modeled by the…

A: Given differential equation dydt=−0.0077y, where t measured in years.  ⇒1ydy=−0.0077dt Integrate…

Q: You invest $5400 in an account earning 3.5% interest compound monthly. How much money will be in the…

A: Solution: Given information: P= $5400 Principal amount.  i= 0.035  Rate of interest  n= 6  years.…

Q: A laptop computer is purchased for $2100. After each year, the resale value decreases by 30%. What…

A: The formula for exponential decay is , where y is final amount,a is original amount b is decay…

Q: 5 2 4 6 71 8 141 10 235

A:

Q: Joe invests $3600 in an account earning 7.57% interest, compounded daily. How long will it take for…

A:

Q: Tine placed $1,500 into a savings account that compounds interest quarterly with an annual rate of…

A: The formula for compound interest is given by A=P1+rnnt where A is the compounded amount, P is the…

Q: Which expression shows the value of a $ 2500 investment after it has grown by 4.5% per year for 12…

A:

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

A:

Q: Pablito has $1 and his grandma says she will give him 100% interest on that $1 every year if he…

A:

Q: You take out a $5000 loan at 11% simple interest that will be paid back in 6 months (REMEMBER TO…

A:

Q: Greg invests $11,000 in an account that pays 6.5% interest per year, compounded quarterly. How much…

A: Given:The amount invested by Greg in the account is .The rate of interest per year is .The amount is…