if $3000 is deposited in an account paving 3% compounded quarterly, how much interest will the deposit gain in the account after 7 years

Q: Robin, who is self-employed, contributes $5,500/year into a Keogh account. How much will he have in…

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Q: A newborn child receives a $5,000 gift towards a college education from her grandparents. How much…

A: Given that  A newborn child receives a $5,000 gift towards a college education from her…

Q: If $7000 is deposited at the end of each half year in an account that earns 6.8% compounded…

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Q: If $2,200 is deposited at the end of each month in an account that earns 6% compounded monthly,…

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Q: If $4000 is deposited at the end of each half year in an account that earns 6.2 % compounded…

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Q: race invested $5,200 in an account paying an interest rate of 4.6% compounded daily. Assuming no…

A: Recall: Formula,  Future value, FV=P1+rnnt We have, P=$5,200, r=4.6%=0.046, n=365(since, compounded…

Q: Find the final amount of money in an account if $3,700  is deposited at 7%  interest compounded…

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Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

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Q: If the parents in part e invested $10,000 in an account paying 8%, compounded quarterly, how much…

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Q: A loan of $9000.00 was repaid together with interest of $3728.00. If interest was 9.4% compounded…

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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: Jane Adele deposits $400 in an account at the beginning of each 3-month period for 10 years. If the…

A: Given that, Jane deposits $400 in an account at the beginning of each 3-month period for 10 years.…

Q: Find the final amount of money in an account if $4, 400 is deposited at 3 % interest compounded…

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Q: Find the final amount of money in an account if $4,500$4,500 is deposited at 6.5%6.5% interest…

A: Given

Q: If you invest $150 each month into an account earning 3% compounded monthly, how long will it take…

A: Here the required formula is given by,                                 A=d1+rnnt-1rn           ...…

Q: Find the final amount of money in an account if $7,100 is deposited at 4.5% interest compounded…

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Q: 5. If you deposited $1500 into an account that paid 2% interest, compounded monthly, what would be…

A: Please refer to the image below

Q: How much would you need to deposit in an account now in order to have 5000 in the account and 10…

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Q: Sumi Kato's savings account has a balance of $1,596. After 21 years what will the amount of interest…

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Q: How much will Blo00 deposited in an account earning 7% Onnually be worth. interest Compounded In 20…

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Q: If $3500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Lets use the final value formula, FV=P{[1 + R]N - 1/ R}=FV OF $1 PER PERIOD. Given, FV = 60,000 P =…

Q: If $4000 is deposited at the end of each half year in an account that earns 6.2% compounded…

A: Given that, If $4000 is deposited at the end of each half-year in an account The rate of interest is…

Q: If $6000 is deposited at the end of each half year in an account that earns 6.4% compounded…

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Q: young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

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Q: A. Ciara deposits $300.00 every quarter into an account earning 3% interest compounded quarterly.…

A: The formula to calculate the maturity amount, M is M=P×1+rnt…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: If $6000 is deposited at the end of each half year in an account that earns 6.7% compounded…

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Q: Find the final amount of money in an account if $1,500 is deposited at 5.5% interest compounded…

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Q: If the interest on an account is compounded monthly for 5 years, how many total times will it be…

A: Given that interest is compounded monthly. Then, for one year it is compounded 12 times. Number of…

Q: If $1500 is deposited at the end of each quarter in an account that earns 4% compounded quarterly,…

A: Given: PMT= quarterly deposits =$1500 Interest rate per year =4% i=IY=4%4=1%per quarter Future value…

Q: A person wishes to have $15,000 cash for a new car 5 years from now. How much should be placed in an…

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Q: Find the final amount of money in an account if $4,500 is deposited at 2.5% interest compounded…

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Q: Find the amount that should be deposited today at 8% compounded monthly to receive $2,000 in 6…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Question is solved.

Q: Find the final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

Q: If $2500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: The amount $2500 is deposited at the end of each quarter in an account that earns 5%…

Q: If $4500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: Money deposited at the end of each quarter= 4500$ Rate at which interest is compounded…

Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

A: Solution: P = $ 8000 r = 8% Using formula  A = P1+rnnt

Q: If a credit union awards interest of 8 percent per year compounded semiannually, what amount must be…

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Q: How much money should a company deposit into an account now so that they will have $50,000 in six…

A: here we use the equation of compound interest  amount = P(1 + r/100)n here interest is quarterly so…

Q: Find the final amount of money in an account if $3,900is deposited at 7.5% interest compounded…

A: Given: It is given that the deposited money is $3900 at 7.5% interest compounded semiannually. To…

Q: If $500.00 is deposited into a monthly compounded interest account that pays an annual interest rate…

A: The given data is: Present value is PV=$500.00 Future value is FV=$846.88 Annual interest r=4.8% To…

Q: At the time of her​ grandson's birth, a grandmother deposits $1000 in an account that pays 5%…

A: The deposit is $1000, compounded monthly is 5%. The value of the account at the​ child's…

Q: If $9000 is deposited at the end of each half year in an account that earns 6.1% compounded…

A: Given Data - Deposited amount (R) = $9000 Amount of annuity (S) = $200,000 Rate of interest ( i )…

Q: A family is saving up for a house payment. If they deposit $400 each month into an account that pays…

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Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

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Q: If $3,300 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

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Q: If you put $900 in the bank at 5% annual interest for 10 years compounded semiannually, how much…

A: Determine the accumulated amount if $900 is deposited in the bank at 5% annual interest for 10 years…

Q: If $6000 is deposited at the end of each half year in an account that earns 6.3% compounded…

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