You deposit $3000 in an account that pays 7% interest compounded semiannually. After 3 years. The interest rate is increased to 7.48% compounded quarterly . What will be the value of the account after. A total of 6 years ?

Q: At age 25, to save for retirement, you decide to deposit $75 at the end of each month in an IRA that…

A: Given Data The deposit amount is P=$75. The interest rate per month is r=6.5%. The time at age of 25…

Q: Find the balance on an account if you invest $ 1,758 at 3.4% for 22 years using simple interest.

A: Given:P The amount invested is $1758 at interest rate 3.4% for 22 years. To find : The balance in…

Q: A college student borrows $10,000 today at 10% interest compounded annually. Four years later, the…

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Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: You deposit $3000 in an account earning 5% interest compounded monthly.  How much will you have in…

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Q: You would like to have $900,000 when you retire in 40 years. How much should you invest each quarter…

A: Given:Amount after 40 years, A =$900,000                                 Rate, r =4.5%=0.045…

Q: Parents wish to have $110,000 available for a child's education. If the child is now 9 years old,…

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Q: Brad has a government bond that will be worth $10,588.13 in seven years.  The bond has an interest…

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Q: Monique invested $46,900 in a mutual fund at 4% compounded annually. After 4 years, the interest…

A: Here we have to find out the value after 4 and additional 7 years

Q: Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly…

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Q: You deposit $175 in an account that pays 4% interest compounded quarterly. How much will you have in…

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

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

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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: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: Sarah opens an investment account with an initial deposit of $ 1900. She then sets up monthly…

A: Given By using excel function

Q: A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can the homeowner…

A: Given that  A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can…

Q: In how many years will the amount of P10,000 triple if invested at an interest rate of 10%…

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Q: You deposit $3000 in an account earning 4% interest compounded monthly. How much will you have in…

A: The formula of compounded interest is P'=P1+rnnt where P= original principal sum P'=new principal…

Q: Find the final amount of money in an account if $6,600 is deposited at 6% interest compounded…

A: Given: An amount of $6,600 is deposited at 6% interest compounded annually and the money is left for…

Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A:

Q: Find the final amount of money in an account if $500 is deposited at a 3% interest compounded…

A: If A= final amount including principal P= principal amount I =rate of interest per year t= number of…

Q: Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months…

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Q: How much will you have in an account after 25 years if you put $1900 per month in the account earns…

A: Amount after t years on investing Principal amount of $P in an account with R% of rate of interest…

Q: You deposit $400 in an account earning 7% interest compounded annually. How much will you have in…

A: Given  Principal P=400 Rate of interest r=7% year t=10 number of compounded n=1 we know that…

Q: You deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in…

A:

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

A:

Q: Grace's bank has a Cerificate of Deposit with an APR of 5% compounded monthly. (a) If Grace deposits…

A: Here, the formula used is: CI=P1+rnnt Here, CI is compound interest, P is the principal amount, r is…

Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

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Q: Laura saves ​$27 at the end of each week and deposits the money in an account paying 9%…

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Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: the beginning of each month. If interest on the account is 5% compounded quarterly, Laura wants to…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: loan of $12,000 is made at 6% interest, compounded annually. After how many years will the amount…

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Q: Glory deposited the sum of $50000 in a bank account after 5 months she made another deposit of…

A: The solution are as follows

Q: Julieta and Eric are purchasing a home. They wish to save money for 10 years and purchase a house…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: You deposit $3000 in an account earning 6% interest compounded monthly. How much will you have in…

A: Given  Principal = $3000 rate = 6% compounded monthly  time = 5 years

Q: At the beginning of every three months, a college student deposits P3,000 in a fund that gives 2%…

A: Given:      Principal =$3000     Quarterly Interest rate =2%=2%4=0.5%=0.005     number of times n=3…

Q: Lynn Ally, owner of a local subway shop, loaned 62,000 to Pete hall to help him open a subway…

A: Given that Lynn Ally, owner of a local subway shop, loaned 62,000 to Pete hall to help him open a…

Q: John buys a stereo system for $640. He agrees to pay $32 a month for 2 years. Assuming that interest…

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Q: Find the final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

Q: You deposit $300 in an account earning 7% interest compounded annually. How much will you have in…

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Q: Bill invests $7,500 in an account with 7.2% interest that is compounded twice a year. How much is in…

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

Q: sanji spends 850 per month on cigarettes. if he stops smoking and invest the same amount in a plan…

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Q: Mike buys a ring for his fiancee by paying $30 a month for one year. If the interest rate is 10% per…

A: It is given that monthly payment is $30 for one year and the interest rate is 10% per year. To find…

Q: Karen borrowed $2000. How much will she pay back in 1 year if she is charged 2% a year, compounded…

A: Principal money=$2000=P time(t)=1year rate of interest(r)=2% to find amount=? when compounded…

Q: Ruben invested $1500 per year in an IRA each year for 6 years earning 5% compounded annually. At the…

A: Here, given that Ruben invested $1500 per year in an IRA each year for 6 years earning 5% compounded…

Q: At the start of each month you put $100 into an account that pays 6%, compounded monthly. After 10…

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