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: eposits $8600 in a bank account that pays a simple interest rate of 6.5% per annum. find how long it…

A: Given that  Principal amount (P) = $8600 Interest rate (R) = 6.5% per annum = 0.065   We know that…

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: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

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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: Find the interest earned for $2,300 which is invested at 18% compounded monthly for 48 months?…

A: Find the interest earned for $2300 which is invested at 18% compounded monthly for 48 months?

Q: $25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will…

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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: A man invests R2500.00 at a compund interest rate of 8% per annum. if at the end of the end of the…

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

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Q: Johnson placed $15,000 into his credit union account paying 7% compounded semiannullay. How much…

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Q: John made periodic deposits of $300 to Floor Bank, which pays 8% interest compounded semiannually.…

A: Given: The value of Periodic Deposit is $300 The value of Annual Interest Rate is 8.00% compounded…

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: A WSU student invests $13,000 for 4 years at an annual simple interest rate of 12%. How much will be…

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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: Dylan and Liz multiply 48,292.72 by 4 to make a total savings goal for college. If they want to have…

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Q: A youth sports league receives a ​$30,000 donation for building a new snack bar and office building.…

A: A=P1+rnntFor quarterly, n=4

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

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Q: Amy, who is 25, deposits $400 every 3 months into an account that earns 3.66 compounded quarterly.…

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Q: I have $30,000 to put into an account. Explain which account would be better for me to choose.…

A: The principal amount is $30000. The details of accounts A, B are given. A: 2% interest, compounded…

Q: Jim deposits $2000 in an account with an APR of 2.46% interest compounded daily and wants to know…

A: Formula for the compound interest is  A=P1+rnnt where P is principal amount, r is rate of interest,…