Mrs Smith invests R25 000,00 in an account earning 7,5% interest per year, compounded weekly. After a number of years, she receives double the amount she invested. Determine the period under consideration. Round your answer to the nearest year. [1] 1 years [2] 2 years [3] 9 years [4] 8 years
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![Question 9
Mrs Smith invests R25 000,00 in an account earning 7,5% interest per year, compounded weekly. After
a number of years, she receives double the amount she invested. Determine the period under
consideration. Round your answer to the nearest year.
[1] 1 years
[2] 2 years
[3] 9 years
[4] 8 years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd89f47dc-e781-43db-bc76-296f151552e2%2F30a8bdba-cba9-46f9-ac35-5d8ab552c96b%2F8b026a_processed.jpeg&w=3840&q=75)
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- Solve the problem Sandra deposits $3000 at the beginning of each semiannual period for 16 years at 8% interest compounded semiannually. Find the amount she will have on deposit. O$98,250.68 $174,985.01 O $195,628.59 O $185,104.41 loQuestion 13 Sinazo inherits R65 000 from her mother. She invests the money in a savings account. The interest rate is 12,5% p.a. compounded monthly for 18 months, and it is then increased to 14,2% p.a. compounded quarterly. At the end of 2 years he deposits R15 000. Calculate how much money she has in his savings account at the end of 5 years. OA.R151 853,11 OB. R104 853,11 OC.R150 448,66 OD.R143 841,82Part 2: When Tammy borrowed $8000.00 at 11.00% compounded quarterly she'll repay the loan in equal monthly payments over 5 years. How much of the 24th payment is interest? $52.46 d. $48.70 O a. $49.35 e. $49.11 b. $49.84
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- 1 Assignment Tanysha plans to invest $15.000 at the beginning of each year for the next 10 years. If her invested funds earn 4.1% compounded annually, what will be the total accumulated value of her investment after 10 years? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) Total value $.PART 1. COMPOUND INTEREST a. Accumulate 15,000 for 10 years at 7% compounded. Quarterly and semi-annually b. Find the compound amount and interest on 10,200 for 4 years and 9 months at 6 ½% compound quarterly. c. A man lends 15,000 at 5% simple interest for 5 years. At the end of the term he invests the entire amount (principal plus interest) at 4% compounded annually for 12 years. How much will he have at the end of the 17-year period?What is the future value of $100 invested in an account for eight years that earns 10% annual interest, compounded semiannually (rounded to the nearest whole dollar)? a. $214.b. $216.c. $218.d. $220.
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