To yield $10000 in three years in an investment that pays interest at a rate of 5.4% per year, compounded quarterly, how much would you have to inve

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: What interest will be earned if $6600 is invested for 2 years at 12% compounded monthly? (Round your…

A:

Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?

A: Given, after 5 years investment is triple

Q: If 10 thousand dollars is invested at an interest rate of 5 percent per year, find the value of the…

A:

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: Find the time required for an investment of 5000 dollars to grow to 6800 dollars at an interest rate…

A: Let's find.

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: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

A:

Q: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

A:

Q: You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an…

A: To calculate the present value (amount to be invested) for the given conditions to be satisfied

Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 5% if the…

A: the compound interest formula:…

Q: What interest will be earned if $6400 is invested for 4 years at 11% compounded monthly? (Round your…

A:

Q: Ben Franklin's gift of $5,000 to New York City grew to $7,000,000 in 200 years. At what interest…

A: The principal amount, P = $5,000 Future amount, A = $7,000,000 Time, t = 200 years The number of…

Q: Find the interest rate needed for an investment of $9,000 to triple in 7 years if interest is…

A:

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 8 years…

A:

Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

A:

Q: What interest will be earned if $6700 is invested for 2 years at 10% compounded monthly? (Round your…

A: Given

Q: How long did it take for an investment of $30,000 to grow to at least $36,000 at 2.75% compounded…

A:

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 interest will be earned if $6100 is invested for 7 years at 13% compounded monthly? (Round your…

A:

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: How much money should be invested every quarter at 8% per year, compounded quarterly, in order to…

A: The solution for the above question is as shown below.

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: Find the interest rate needed for an investment of $10,000 to grow to an amount of $13,000 in 6…

A: I have appended the formula used in the solution part of the question

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: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

A:

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A:

Q: Find the interest rate needed for an investment of $9,000 to grow to an amount of $9,900 in 3 months…

A: Step 1Amount = $9900, Principle = $9000n = Compounded monthly = 12 months in a yeart = 3 months =…

Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $11,000 in 4…

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Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years…

A:

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: A principal of $12,000 is invested in an account paying an annual interest rate of 7%. Find the…

A: Compounded quarterly , n=4

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

A:

Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: How long will it take to triple an investment at 4.6 percent per year, compounded quarterly? Round…

A:

Q: For an interest rate of 9% per year, compounded monthly, the effective monthly rate is closest to:

A:

Q: What interest will be earned if $6500 is invested for 2 years at 11% compounded monthly? (Round your…

A:

Q: Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 10 years…

A:

Q: 4. How many years (to the nearest tenth) will it take for a $1500 investment to double with an…

A:

Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount         P =…

Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

A:

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

A:

Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5% if the…

A: We will find out the required value.