Use the formula for computing future value using compound interest to determine the value of an account at the end of 6 years if a principal amount of ​$11,000 is deposited in an account at an annual interest rate of 5​% and the interest is compounded monthly.   The amount after 6 years will be $____

Q: $1500 is deposited at the end of each quarterly in an account that earns 6% compounded quarterly…

A: The future value of the ordinary annuity is given by FV=P[(1+i)n-1]i Here, P=$1500 i=6% For quarter…

Q: Find the future value of an annuity due of $700 paid at the beginning of each 6-month period for 10…

A: Formula: FV=P×1-1+r-nr where FV=Future value of an ordinary annuity P=Value of each payment…

Q: Compound Interest Find the future value of $10,000invested for 10 years at 8%, compounded daily.

A: we have to find the future value of $10,000 invested for 10 years at 8% compounded daily.

Q: find how much should be deposited now at 6% interest, compounded monthly, to yield an annuity…

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Q: How much interest will you owe if you borrow $9700 for 3 years at a simple interest rate of 5%…

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Q: Investment If an investment at 7% simple interesthas a future value of $5888 in 12 years, what is…

A: Given that if an investment at 7% simple interest has a future value of $5888 in 12 years. To find…

Q: Find the future value and interest earned if $8904.56 is invested for 9 years at 4% compounded…

A: Future value is,

Q: MUTUAL FUND INVESTING Sandra Gonzales deposits $1000 into a mutual fund contain- ing international…

A: Given that, P=1000r=10%n=2t=12

Q: SAVINGS ACCOUNTS If Jackson deposits $100 at the end of each month in a savings account earning…

A: Consider the given information: P= $100   (amount deposited each month) r=3% n=12 (compounded…

Q: Find how much money needs to be deposited now into an account to obtain $7,200 (Future Value) in 8…

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Q: Find the accumulated amount at the end of 3 years if $2000 is deposited in an account paying…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: 3. Find the future value if 1000 dollars is invested at interest rate 3% compounded semi-annually…

A: Given that $1000 is invested for a 3% compound interest semi-annually for 2 years.

Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: We have to find the present value

Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: Use the formula for computing future values using compound interest to determine the value of an…

A: future value = P(1+r/n)nt Here P=7000  r=0.03 t=10 Monthly then n = 12

Q: Use the appropriate formula to find the future value (in $) of $300 deposited at the beginning of…

A: From the provided information,

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: We have to solve

Q: Find the future value of the given amount. Round the result to the nearest cent. $1200 at 5%,…

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Q: You deposit $13,000 in an account that pays 4% interest compounded quarterly.   A. Find the future…

A: Given information Principal = $13,000 Rate of interest = 4% Time = 1 year Compounded quarterly

Q: Use the compound interest formula to compute the future value of the investment. Round to the…

A: initial deposit P = 1500 rate of interest r = 4% = 0.04 compounded quarterly means 4 times per year,…

Q: Use the appropriate formula to determine the periodic deposit. B. Periodic Deposit= $? at the end of…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

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Q: Assume the interest rate is compounded annually. a. Assume the interest rate is compounded continuou…

A: Solution :-

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: It is given that, the principal amount P is $2500, interest rate r is 0.08 and n is 365 days.Formula…

Q: For each deposit, find the future value (that is, the final amount on deposit) when compounding…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

A: Concept Used: Compound interest : A=P1+rnnt Where, P - The principal , amount invested A- The new…

Q: Future Value If $10,000 is invested at 12% interest,compounded quarterly, find the future value in…

A: Given: Present value=$10,000Rate of interest compounded quarterly=12%Total time period=10 years……1…

Q: Find the future value and interest of $10,000 at 5.8% compounded continuously for eight years. A.…

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Q: The interest rate on a 30-year, $320,000.00 mortgage is 3.50% compounded semi- annually. Calculate…

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Q: To offer scholarship to children of employees, a company invests $10,000 at the end of every three…

A: a) The company will have, Thus, the company will have $637,861.7624 in scholarship funds.

Q: b) Suppose $50 is placed in a savings account at the end of each month for four years, If no further…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Here we have to find the future value by compound interest.

Q: Find the future value, using the future value formula and a calculator for $855 at 4.3%. Round your…

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Q: Find the final amount of money in an account if $6,400 is deposited at 4% interest compounded weekly…

A: Given: Principal amount: P = $ 6400 Interest rate is: r = 4% Time period: t = 7 years Compounded…

Q: An investment of $13,335 earns 12% interest compounded monthly for 3 years. (a) What is the future…

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Q: the appropriate compound interest formula to compute the balance in the account after the stated…

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Q: Find the future value and interest of $8000 at 3 1/2% compounded monthly for 10 years. A. Future…

A: Given present value(PV) is $8000. Interest is 312% annual rate compounded monthly. time n=10…

Q: A couple deposits $15,000 into an account earning 5% annual interest for 20 years. Calculate the…

A: Principal amount =$15,000 Annual rate of interest= 5 % = 0.05 Time of investment = 20 years This…

Q: Find the future value, A, of a savings account after 15 years starting with a principle of $1000 and…

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Q: If $11,000 is invested at 3.6% simple annual interest, find the investment's future value in 5…

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Q: Use the present value formula to determine the amount to be invested now or the present value…

A: The present value formula to determine the  amount to be invested now or the present value needed…

Q: Use the appropriate formula to find the value of the annuity. B. Find the interest. Periodic deposit…

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Q: Use the present value formula to determine the amount to be invested​ now, or the present value…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Given , years if a principal amount of ​$19,000 is deposited in an account at an annual interest…

Q: Annuities: A person wishes to have $400,000 in an account for retirement 15 years from now. How much…

A: I applied compound interest formula and simply put the given values

Q: Find the future value, using the future value formula and a calculator. (round your answer to the…

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Q: Find the future value if $9000 is invested for 13 years at 13% compounded annually. (Round your…

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Q: Find the future value and interest of $10,000 at 6.3% compounded annually for 20 years. A. Future…

A: This question belongs to compound interest. We have to find amount and interest.