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- What will be the amount accumulated by each of the following present investments? a. $3,000 invested for 7 years at 14% compounded annually. b. $1,600 invested for 17 years at 12% compounded annually. c. $20,000 invested for 38 years at 16% compounded annually. d. $3,500 invested for 71 years at 8% compounded annually. e. $5,000 invested for 34 years at 11.5% compounded annually.possible You invested $14,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $1230, how much was invested at each rate?Suppose a person invests a toal of $10,000 in two accounts. One account earns 8% annually and the other earns 9% annually. If the total ineterest earned from both accounts in a year is $860, how much is invested in each account?
- Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually? 5.5% 6.0% 6.5% 45.5%Find Simple Interest, A sum of $78000, is invested from March 13 until Dec 20 of the same year at 14.25% simple interest. using any two methods of computing Simple Interest:A man invested money at 12% compounded quarterly and the other at 16% compounded semi- annually. After 10yrs the total he invested is P500 000. If the amount he invested in 16% is twice the 12%, determine the amount(P) he invest in 16%.
- Brian opened an RRSP account and deposited $3,300 into it. He then deposited $800 at the end of the 1st year and $625 at the end of the 2nd year, into the account. The RRSP was earning 3.20% compounded quarterly. a. What is the accumulated value of the investments at the end of the 2nd year? Round to the nearest cent b. What is the accumulated value of the investment at the end of 5 years? Round to the nearest centYou opened an account with an investment of $1,000 10 years ago. The ending balance in the account is $1,500. Given annual compounding, what interest rate was earned on the account?A certain amount of money was invested at 8% simple interest and after 9 months an equal amount was invested at 10% simple interest. Find the period in which the amount in each case become $ 52,000? How much money was invested in each case? Lütfen birini seçin: a. 3.75 years; $20,000 b. 3.50 years; $40,000 c. 3.50 years; $20,000 d. 3.75 years; $40,000
- Margaret Hillman invested $3,000 at 1.6% compounded quarterly for one year. Find the future value and the interest earned for the year. The future value is $ (Round to the nearest cent as needed.) The compound interest is $. (Round to the nearest cent as needed.)What will be the amount accumulated by eachof these present investments?(a) $12,250 in 15 years at 8.5% compoundedquarterly.(b) $15,750 in 12 years at 8.32% compounded weekly.(c) $25,500 in 10 years at 7.5% compounded monthly.Margaret Hillman invested $7,000 at 1.8% compounded quarterly for one year. Find the future value and the interest earned for the year. The future value is $ (Round to the nearest cent as needed.)