Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the account if interest is compounded monthly. Round your answer to the nearest hundredth, if necessary

Q: You deposit $5000 in an account earning 8% interest compounded monthly. How much will you have in…

A: The objective of this question is to calculate the future value of an investment with monthly…

Q: A $2200 bond earns 9.3% compounded monthly for 9 years. Determine the amount of the investment at…

A: A $2200 bond earns 9.3% compounded monthly for 9 years.

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

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

A: We have given,

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A: Given that $200 deposited each month in an account and earning 3% interest compounded monthly.

Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

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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: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

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: Maura received $1000 from friends and family for college graduation. If she deposits her money into…

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Q: Kelly paid off his student loan in 3 years by making payments of $650 at the beginning of every…

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Q: . Nadia received $200 for her 10th birthday. If she saves it in a bank account with 7.5% interest…

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Q: Mitchell invested $4583 at 5.61% compounded quarterly. Calculate the accumulated value of the…

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Q: Find the interest for a principal of $8883, rate 9.3% and 5 years.

A: According to the question,  We have: Principal = P = $8883 Rate of Interest = R= 9.3% Time period =…

Q: Find the simple interest of $1,000 borrowed at 6% for 4 years.

A: Given: The principal amount = $1000. The rate of interest = 6%. The time =4 years.

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

A:

Q: Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the…

A:

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: You deposit $200 each month into an account earning 5% interest compounded monthly. How much will…

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Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

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Q: Cathy makes a single deposit into an account earning 2.5% compounded monthly. After five years the…

A: used formula: A=P(1+r/n)nt   where P=initial amount or principal A=final value or final amount…

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

A: From the provided information FV=P*((1+r)n-1r)FV=4000*((1-0.02)5-10.02)FV=20816