Question 2 Find the future value and interest earned when RM950 invested every three months for 3 years 9 months at 6% compounded quarterly 3 Future value type your answer. Interest Earned type your answer.

Q: An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of 4%…

A: Consider that the given annual deposit is P=2000 and the interest rate for two years is r=4%.  And…

Q: Manually calculate the compound amount and compound interest (in $) for the investment Principal…

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Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

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Q: Use compound interest formula to determine value of an account at the end of 7 years if the…

A: To find the value of r and n, divide the rate of interest by 4 and multiply the period by 4,…

Q: P7,500.00 earning 9% interest, compounded daily for 3 years

A: Given: P=7500 r=9%=0.09 Compounded daily, n=365 t=3 years

Q: ). BAKERY Carlos Mora His furnily has agred to 2 years once he complet deposit today in an inves…

A: it is known that A=P1+r44n here A is the future value  P is the present value  r is the rate of…

Q: 5400 at 7% compounded quarterly for 5 years

A: Compound Interest Formula is given as follows Where A is the final amount after time t P is the…

Q: Question: How much should be invested in a fund each month paying 2.1% interest compounded monthly…

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Q: The difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

A: Given the difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: Question 12 Vivian and Benjamin plan to send their son to university. To pay for this they will…

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Q: At the time of her grandson birthday a grandmother deposits 10000$ in an account that pays 2.5%…

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Q: The account in the Indian bank pays a nominal annual interest rate of 5.2 % compounded monthly.…

A: Since you have not provided the amount of investment  in the question. So, we are considering it as…

Q: How much is P1,200 worth at the end of 1 year if the interest rate of 5.5% is compounded quarterly?…

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Q: A businesswoman invested P 5000.00 in a mutual fund that grows pro compounded continuously. How much…

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Q: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

Q: What is the interest rate compounded quarterly if P 2,500,000.00 is invested and the amount became…

A: Formula: The compound interest formula is given below: A=P1+rnnt, where A-final amount, P-Principle…

Q: Suppose that RM9,000 is deposited for 6 years in an account paying 8.31% per year compounded…

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Q: 2. Determine the regular monthly deposit required to accumulate $8 000 in 6 years at an interest…

A: Total amount accumulated Total time  yearsRate of interest compounded monthly

Q: 85,000 is deposited in a saving account with 6.35% annual interest. When will be the initial sum…

A: To solve this problem, we can use the formula for compound interest:

Q: A farmer bought a tractor costing P12,000 if paid in cash. The tractor may be purchased by…

A: Given: initial balance =12000 annual interest rate=8% time period n=5

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The amount $4000 deposit in an account with rate of interest 5.1%, compounded monthly for 7…

Q: How much interest was earned by an investment that earns at a rate of 9% compounded semi-annually…

A: Compound interest formula used

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 7% interest. How…

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