Suppose $9500 is invested at 6% interest, compounded annually.  Approximately how long will it take for the amount in the account to reach $12,000?

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of…

A: Simply use the formula of the Compound interest.

Q: how long will it take for the amount in the account to reach $12,000?

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Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: A local bank advertises that an account at 9.5% interest yields 9.64% annually. How often is the…

A: Let's solve compound intersect sum.

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: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24…

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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: If you invest $2,593 compounded annually at 8.5%, how long will it take to double your investment?

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Q: If you invest $2000 at 6% compounded monthly, how long will it take the account to double in value?

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Q: how long will it take for 16200 to double if it is invested at 5.5% compounded quarterly

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Q: How long will it take P1000.00 to amount P1,346.00, if invested at 6% compounded quarterly.

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Q: If you invest $2090 compounded annually at 9.2%, how long will it take to double your investment?…

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Q: If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be…

A: Given : $2300 is invested at 12% interest, compounded daily

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

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Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 17…

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

A:

Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

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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 will it take $5000 to double if it is invested at 20% compounded quarterly?

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Q: A principal of  $4800  is invested at  6.75%  interest, compounded annually. How much will the…

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Q: Steven wants to put $6000 in the bank at a rate of 6.8% per year. Find the amount in the bank after…

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Q: How much will P54,200 be in 24 months at 4% compounded monthly?

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Q: How long will it take $10,000 to grow to $15,000 if the investment earns an interest rate of 12% per…

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Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

Q: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: Michael invested $50,500 in an account with an interest rate of 4.5% that was compounded annually.…

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

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

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

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Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

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: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: A principal of $2000 is invested at 3.5% interest, compounded annually. How much will the investment…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2000 r=3.5%=0.035 t=7 years…

Q: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: A company needs $5,600,000 in 8 years in order to expand their factory. How much should the company…

A: To find P if the interest compounded weekly, substitute 5600000 for A, 8 for t, 0.08 for r and 52…

Q: How many years will 100 000 earned a compound interest of 500 000 if the interest rate is 9%…

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Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: What annual interest rate would allow Karen to double her investment if it is compounded quarterly…

A: The compound interest formula for an initial amount P deposited for a time period of t at a rate of…

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

A:

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…

A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…

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: A couple needs $23,335.13 as a down payment for a home. If they invested the $7,000.00 they have at…

A:

Q: % interest, compounded annually. After how many years will the amount due reach $44,000

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