How much money should be invested in an account that earns 6% interest,  compounded monthly, in order to have $12,000 in five years?

Q: How much should Linda Bryan set aside now to buy equipment that costs ​$8,000 in one​ year? The…

A: For simple interest, the amount formula is, A = P + PRT100 and for compound interest, the formula is…

Q: How much will have to be invested at the beginning of each year at 6%, compounded annually, to pay…

A: If P is the principal amount invested compounded annually at a rate r for time t years then the…

Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: How much should she set aside now

A:

Q: Tom wants to have $6000 in three years .at 4.75% interest compounded monthly how much does he need…

A: used formula : A=P(1+ r/n )nt   where A=final amount  P=principal or initial amount r=annual…

Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

A: Interest compounded annually is calculated by the formulas, A=P1+r100t…

Q: at what nominal rate, compounded monthly, would $13000 have to be invested to amount 22,716.49 in 7…

A: When the interest is compounded, then the formula used is , where, A is the final amount, P is the…

Q: How much money should be deposited today in an account that earns 6% compounded monthly so that it…

A: If an amount P is deposited today in an account that earns interest rate r per compounding period,…

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: Given: The future value is $60,000. The time duration is 8 years. The interest rate is 11%…

Q: What rate of interest compounded annually is required to triple an investment in 10 years

A: Compound interest formula: A=P 1+rnnt. Given that rate of interest compounded annually is required…

Q: How long did it take for an investment of $27,500 to grow to at least $30,000 at 2.25% compounded…

A:

Q: Liz wants to accumulate at least $40,000 by depositing $900 at the end of each month into a fund…

A: As the interest rate is compounded monthly:   Part (a):   Future value for the annuity is computed…

Q: How much do you need to invest at 3 % interest, compounded quarterly, in order to have $8500 in 10…

A: Given that rate of interest is 3%, the final amount is $8500 and time period is 10 years.

Q: How much should be invested now at 6.15% compounded annually to have $35,000 in 16 years?

A:

Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

A:

Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

A:

Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: A company needs $4,000,000 in 6 years in order to expand their factory. How much should the company…

A: Given: a company needs $4,000,000 in 6 years to expand their factory.

Q: How long would it take for an investment to at least double its original amount at 3.62% compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  r=3.62%=0.0362 n=12 for a…

Q: Evan is going to invest in an account paying an interest rate of 5.4% compounded annually. How much…

A: Final amount = Principal amount + InterestFinal amount = P+P(1+rn)ntn=1 (compounded annually)Final…

Q: An investment has grown from $15,000 to $17,684.23 in 3 years, compounding monthly. What was the…

A: We have to calculate interest rate

Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: How much money should be invested monthly at 6% per year, compounded monthly, to have $2000 in 8…

A:

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: r = 11% = 0.11 Compounded annually, i.e. n = 1 t = 5 To pay of debt, i.e. A = $30000

Q: How much will you need to put away to get 700 after 9 years at 6% compounded monthly?

A: A=700 Time = 9 years ROI = 6% = 0.06 n=12 ( Compounded monthly)

Q: How much must be invested at the beginning of each year at 10%, compounded annually, to pay off a…

A:

Q: How much should you invest each month in order to have $500,000 if your rate of return is 2.7%…

A: Given, Compound interest, A=$500,000 Annual interest rate, r=2.7100=.027 Compound per year, n=12…

Q: How much should be invested today in an account earning 6% compounded quarterly, if you need $35,000…

A: A=P(1+(r/n))nt where A = final amount P=initial amount r=interest rate in decimal n=number of…

Q: How long did it take for an investment of $23,750 to grow to at least $27,000 at 2.25% compounded…

A:

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: Madison is going to invest in an account paying an interest rate of 5.1% compounded quarterly. How…

A: Let the amount invested in the account be P Final value of amount in the account(A) is $310 Number…

Q: A company needs $3,600,000 in order to expand their factory how much should the company invest each…

A: Given, FV=$3600000 r=9.4%/52 n=52×14

Q: Approximately how long will it take for $8000 two double at an annual interest rate of 6.25%…

A:

Q: How much should you invest now at 5% compounded quarterly to have $8000 in 4 years?

A: As in compound interest quarterly A = P1+rnnt

Q: Find how much Sally would have to invest now at 6.25% compounded quarterly in order to have $15,000…

A: This question is based on compound interest.

Q: What annual rate of interest compounded annually should you seek if you want to triple your…

A:

Q: How much money should  be invested in an account that earns 9% interest, compounded semiannually, in…

A:

Q: How much will you need to put away to get 1500 after 13 years at 9% compounded monthly?

A:

Q: Joshua invested $99,000 in an account paying an interest rate of 4,% compounded continuously.…

A: Given Joshua invested $99,000 in an account paying an interest rate of 412% compounded continously…

Q: If $200 is invested at 6% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount…

A:

Q: How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with…

A: Given that:

Q: How much money should be invested every quarter at 10% per year, compounded quarterly, to have $5000…

A:

Q: How long (in years and months) will it take for an investment to double at 3% compounded monthly?

A: If you like the solution then please give it a thumbs up.. The Answer is:     Result = 23.45  It…

Q: A company needs $4,300,000 in 14 years in order to expand their factory. How much should the company…

A: Future value of investment, FV=$4,300,000 Interest rate per week, r=9.1%52=0.09152=0.00175 No. of…

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: THE COMPOUND INTEREST FORMULA Compound interest can be calculated using the formula…

Q: A company needs $4,400,000 in 13 years in order to expand their factory. How much should the company…

A:

Q: How much do you need to invest in an account earning an annual interest rate of 4.336% compounded…

A: The formula of the compound interest is, A=P1+rnnt where  A is the future value of the investment, r…

Q: To yield $10000 in three years in an investment that pays interest at a rate of 5.4% per year,…

A: Solve for principal amount