Jan Reus sold her home and has $18,000 to invest. She believes she can earn 8% compounded quarterly. find the compound amount if she invest for a) 3 years and b) 6 years. c) then find the additional amount earned due to longer time period.

Q: John got $5000  from his grandmother to pay her tuition fee.He invested this amount at a 10% rate of…

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Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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Q: Rajeev has $175 that he earned from his summer job. He puts the money in an account that yields 4%…

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

A: Solution

Q: Find the final amount of money in an account if $9,500 is deposited at 6% interest compounded weekly…

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Q: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

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: Nicole wants to save $4000 for a backpacking trip through Europe when she finishes college in 3…

A: Consider the given information.

Q: stacy has 100$ in a savings accont that earns 5% annually. the interset is not compounded. how much…

A: We have the simple interest formula as     A = P*(1 + r*t )  where A = final amount…

Q: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

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Q: Find how much should be invested to have $16,500 in 9 months at 9.7% simple interest.

A: It is an important part of statistics . It is widely used .

Q: Britt invested some money at 8% compounded semiannually. At the end of 5 years, her investment has…

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Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

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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 principal that amounts to 20400 in 6months at 4%

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Q: Joe invested 7,000 into a mutual fund to save for a new car. The mutual fund compounds quarterly…

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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: Jan deposited an amount of money in the bank. If interest rate of the bank decreases from 4 3/43% to…

A: The rate of interests can be simplified as follows: 4343%=17543%,412%=92%

Q: Josh has 1200 dollars which he invests at 4% interest compounded daily. Represent how much he has…

A: Compound interest

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

A: ANSWER :

Q: Sarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually.

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Q: Sam invests $1000 into an account earning 5.25% interest compound quarterly. How long will it take…

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Q: Lori deposited $4,500 into a 30-year retirement account that earns 3% annual interest, compounded…

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Q: Ashley purchased a car for $16,500.  She put 10% down and financed the remaining 90% of the purchase…

A: She paid 10% of the total as a downpayment. So the downpayment amount is 10% of 16500 = $1650 Then…

Q: Haley invests $1,500 into an account that earns 4.5% interest compounded quarterly. How much money…

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