Joy has ₱ 100,000.00 to invest at 1.11% compounded monthly. How much is the additional interest earned if instead of 4 years the investment matures after 6 years?
Q: Preston has $8,000 in a savings account. The interest rate is 4%, compounded annually. To the…
A: We have to find compound interest.
Q: Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no…
A: Given: Sarah invested $3800 in an account paying an interest rate of 3.6% compounded daily. To…
Q: Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no…
A: The daily compound interest formula is given by: A=P1+rnnt...(1) Where A is accumulated amount, P is…
Q: Audrey is going to invest in an accour paying an interest rate of 5.7% compounded daily. How much…
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Q: has $4,000 in a savings account. The interest rate is 1%, compounded annually. To the nearest cent,…
A: To calculate C.I...
Q: Finley deposits $1000 in a bank with an interest rate of 8% compounded quarterly. How much would his…
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Q: Grace invested $5,200 in an account paying an interest rate of 4.6% compounded daily. Assuming no…
A: Given; Principal,P=$5200 Time,t=11 years Rate,r=4.6% compounded daily.
Q: Henry has inherited $18 000 and would like to invest the money to pay for new car in two years. If…
A: The amount he invested for new car is: P = $18,000 Interest rate: r = 4.9% Interest is compounded…
Q: Sally has $8,223 in a savings account. The interest rate is 10%, compounded annually. To the…
A: We have to find interest
Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.
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Q: Jayden has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest…
A: Topic- compound interest
Q: race invested $5,200 in an account paying an interest rate of 4.6% compounded daily. Assuming no…
A: Recall: Formula, Future value, FV=P1+rnnt We have, P=$5,200, r=4.6%=0.046, n=365(since, compounded…
Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…
A: Given query is to find the amount wccumy after 10 years.
Q: Austin invested $200 in an account paying an interest rate of 6.1% compounded quarterly. Assuming no…
A: Austin invested $200 in an account paying an interest rate of 6.1% compounded quartely.
Q: Rose invests $ 28,000 at 8 %/a,compounded semi-annually. What is the total amount of the interest…
A: We have to find the total amount using compund intrest formula.
Q: Rose invests $ 28,000 at 8 %/a,compounded semi-annually. What is the total amount of the interest…
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Q: Sandy invested $1500 with 3.5% interest. Compounded quarterly. How much money will she have in 8…
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Q: Tara invested $8,890 in an account with an interest rate of 7.5% that was compounded quarterly. How…
A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…
Q: Christian is saving money and plans on making monthly contributions into an account earning an…
A: Given data is: Future value of amount after n period A=$9000 Interest rate i=5.7% Period n =32…
Q: Ariana is going to invest in an account paying an interest rate of 3.7% compounded monthly. How much…
A: r=3.7% A=$25000 t=14 years n=12 (compounded monthly)
Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…
A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…
Q: Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly at the end…
A: We will use formula for compound interest.
Q: Goofus waits until he is 35 years old to start saving. If he invests $2400 each year at 9.6%…
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Q: Oliver invested $53,000 in an account paying an interest rate of 2.7% compounded daily. Assuming no…
A: Given P=53,000R=2.7%t=20 yearsWe know that compound interest=P(1+Rm)mt Here m is the no.of…
Q: How much will you have after 25 years if you put $2000 per month in the account that instead earns…
A: The solution is given below:
Q: A payment of $1500 is due in three months. Find the equivalent value at nine months if the interest…
A: Given interest rate is 4% compounded quarterly. F.V=P.V(1+r/k)nk Here, F.V= Future value P.V=Present…
Q: Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded quarterly. Assuming…
A: Initial amount=P= 3500 Final amount=A=? Time= t=19 years Interest rate=r= 3.5%= 0.035 Number of…
Q: Madison invested $3,300 in an account paying an interest rate of 6.7% compounded daily. Assuming no…
A: The given data is: Medison invested P=$3300 Rate of interest R=6.7% Time t=5 years To find the…
Q: James has $500 to put into a savings account and his bank gives a 4% interest rate compounded…
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Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…
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Q: You can invest your money at a rate of 6.5% compounded weekly. How much money will you have after 10…
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Q: Arianna invests $5600 in a new savings account which earns 5.4% annual interest, compounded…
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Q: Lincoln invested $930 in an account paying an interest rate of 5.6% compounded daily. Assuming no…
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Q: An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ... How much…
A: Answering An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ...…
Q: Jeremy invested his savings in a bank at 5.00% compounded monthly. How much money did he invest to…
A: Solve the above question.
Q: Arianna invests $5600 in a new savings account which earns 5.9% annual interest, compounded…
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Q: On Melissa's 6th birthday, she gets a $2000 CD that earns 5% interest, compounded quarterly. If…
A: Interest is compounded Quarterly. Therefore n=4.
Q: Sarah invests $4848 in a savings account with an annual interest rate of 5% compounded 2 times per…
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Q: John wants to accumulate at least $35,000 by depositing $1,900 at the end of each month into a fund…
A: The formula that we have to use here is A = d1+rknk-1rk Where A is the final amount, d is the…
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: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…
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Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…
A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000 t=duration=9…
Q: Claire invested $2,400 in an account paying an interest rate of 3.5% compounded monthly. Assuming no…
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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…
A: It is given that the interest is compounded monthly. The formula for compound interest is A=P1+rnnt…
Q: Charlie invests $11000 into a savings account that grows at an interest rate of 4.5% per year.How…
A: Rate of interest for 1 week = (4.5%)/(Number of weeks) = (4.5%)/52
Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…
A: To calculate the total amount yielded by the deposits under the given terms
Q: .A $5800 investment is made for a three-year period at an interest rate of 5.4% per year, compounded…
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Q: An initial deposit of $1300 earns 7 % interest, compounded monthly. How much will be in the account…
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Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…
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Q: Use the formula A = P(1 + )" to find the total amount of money accumulated for an initial investment…
A: Topic- compound interest