Every 6 months you put $1200 into a bank account that has an APR of 8% that gets compounded monthly. After 8 years, how much money is in this account?

Q: Find the amount, if P10,500 is deposited at 5% annual interest for 4 years, compounded month

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Q: ys has a balance of $532 on his credit card. the account has a 19% annual interest rate , compounded…

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Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: Given the given invest=$3,600 Interest rate=0.43%(compounded monthly) Time=2 years Apply formula…

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: Quincy deposited $10 in a saving account earning 10% interest compounded annually to the nearest how…

A: Solution

Q: $10,000 is deposited for 2 years in an account that earns 5% interest.  calculate the simple…

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Q: A deposit of $386 is in a bank for 35 years earning interest rate of 11.5%. Find interest earned if…

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Q: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. how much…

A: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. We have to find…

Q: Find the interest earned for $2,300 which is invested at 18% compounded monthly for 48 months?…

A: Find the interest earned for $2300 which is invested at 18% compounded monthly for 48 months?

Q: Suppose you deposit $2000 at 9% interest compounded continously. Find the average value of your…

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Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

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

A: Follow the steps.

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: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

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: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

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

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Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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Q: $2000 is invested for 5 years with an APR of 3% and daily compounding.

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

Q: teach

A: Given, A teacher saves P5,000 every 6 months in the bank that pays 0.25% compounded monthly.

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: Find the original investment in an account if the final amount of money is $8296. It was invested in…

A: Given amount=$8296

Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: James has $500 to put into a savings account and his bank gives a 4% interest rate compounded…

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