$450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the investment at the end of 6 months?

Q: You invest $600 into an account that earns 4% interest compounded monthly. How long until the value…

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

A: Step 1: Given Value for Calculation Interest Rate = r = 6%Future Value of Payment = fv =…

Q: $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

A: In compound interest, total amount is given by A=P[1+(r/n)]nt

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

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Q: You borrow $4500 at 5% interested compounded quarterly. How much will you owe after 7 years?

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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: You have $7000 to invest for seven years. Which investment will provide the greater return:  5%…

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Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

Q: You deposit $3000 in an account earning 5% interest compounded monthly. How much will you have in…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: $5000 is invested in a stock that returns getting 8% compounded monthly. how much interest will be…

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Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: $10,000 is invested for 5 years with an APR of 2.75% and monthly compounding.

A: The complete solutions are given below

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: if I invest 1000 at 2% interest how long will it take to double my money

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Q: Brandon is depositing $1500 into a savings account that compounded interest monthly with an annual…

A: Given that, Brandon is depositing $1500 into a savings account compounded interest monthly with an…

Q: Inderjot invests $2500 in a bond that pays 4.5% per year, compounded monthly, for a period of 8…

A: Inderjot invests $2500 in a bond that pays 4.5% per year compounded monthly for a period of 8 years…

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: Francis invests $4000 in a savings account earning 3.25%/year compounded weekly for 5 years. How…

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Q: $3000 is invested for 19 years with an APR of 3.88% and monthly compounding, The account balance…

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