Find the final amount of money in an account if $8,100 is deposited at 6.5% interest compounded quarterly every 3 months and the money is left for 5 years

Q: If you deposit 9000$ into an account paying 5.5% annual interest compounded semiannually, how much…

A: As we know that the expression for the compound interest is:   A=P1+rnnt   Where P is the principal…

Q: "Shelly deposits the $2,000 she got as a birthday gift from her grandmother into an account earning…

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Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: Find the final amount of money in an account if $3,900$3,900 is deposited at 7%7% interest…

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Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

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Q: Suppose you deposit $1000 in an account that earns 7% interest compounded annually. What will the…

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Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: At the time of her grandson birthday a grandmother deposits 10000$ in an account that pays 2.5%…

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Q: Find the present value that m deposited now to amount to 24,500 in 5 years at 8%

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Q: If $500 is deposited each quarter into an account paying 8% compounded quarterly for 3 years, find…

A: Compounded quarterly n=4

Q: A family decide to save some money in an account that pays 9% annual compound interest calculated at…

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Q: find the amount of compound interest earned  $8000 at 5.5% compunded monthly for 5 years

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Q: Determine the amount owed if $5000 is borrowed for 4 years at 8.7% compounded quarterly.

A: If $5000 is borrowed at 8.7% compounded quarterly, we need to find the amount owed after 4 years.…

Q: Taylor is paid on the frst day of the month and $80 is  automatically deducted from her pay and…

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Q: Suppose that RM9,000 is deposited for 6 years in an account paying 8.31% per year compounded…

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Q: Determine the amount to be paid back if $6500 is borrowed for 9 years at 2.5% compounded annually.

A: We have direct formula for compound maturity amount, i have used that.

Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

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Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

Q: Suppose you want to accumulate 120,00 for your retirement in 30 years. Make a single deposit into an…

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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: Supposed to deposit $100 every six months into an account that pays 6% compounded semiannually. If…

A: Annuity formula is as below: here,d=100N=3 yearsr=6 %=0.06k=2

Q: monthly

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