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Q: You deposit $6000 in an account earning 6% interest compounded monthly. How much will you have in…
A: Computation as follows:
Gina puts $ 6500 into an account earning 6% interest compounded continuously. How long will it take for the amount in the account to grow to $ 8150?
Time in years =
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- You deposit 200$ each month into an account earning 8% interest compounded monthly. Round to the nearest vent as needed. How much will you have in the account in 25 years? How much total money will you put into the account? How much total interest will you earn?You deposit $450 each month into an account earning 8% interest compounded monthly. a) How much will you have in the account in 30 years?b) How much total money will you put into the account?c) How much total interest will you earn?You deposit $700 each month into an account earning 3% interest compounded monthly. a) How many months will you need to make deposits to reach a value of $40000 ? $ b) How much total money will you put into the account? $ c) How much total interest will you earn?