Use the formula for continous compunding interest to compute the balance in an account after 1,5,and 20 years  find the APY  A 7000 deposit for an account with an APR of 4.75% what is the balance after 1, 5, and 20 years  what is the APY percentage

Q: Cody borrowed $9100.00 from his credit union. He agreed to repay the loan by making equal monthly…

A: Solution:

Q: The principal P - $6300 is borrowed at simple interest rate r= 4.5% for a period of time t= 16…

A: Solution:-    Given   P=$6300                                       r=4.5%…

Q: $3280 at 0.3%. simple interest paid back in 9 years how much was paid in total?

A:

Q: Suppose your one month balance (debt) on your credit card is $2000. If the monthly interest rate for…

A:

Q: Calculate the amount of interest you'll have at the end of the indicated period. You invest $7000 in…

A:

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: On September 12, Jody Hansen went to Sunshine Bank to borrow $2,300 at 9% A.P.R.  Jody plans to…

A: Consider the equation

Q: $5000 8% annually 4 years   A. Find how much money there will be in the account after the given…

A:

Q: Find the future value and interest earned when RM6 000 invested for 8 years at 12% compounded…

A:

Q: Determine the interest earned if $87000 is invested at 1.7% simple interest for 47 months.

A: .

Q: Find the amount of compound interest earned. 5) $5000 at 6% compounded annually for 3 years

A: Recall the following fact.

Q: $1500 at 7% compounded annually for 3 years, what's the total balance?

A:

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

A:

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: You can afford monthly deposits of $120 into an account that pays 2.4% compounded monthly. How long…

A:

Q: A copy Machine depreciates at the rate of 15% each year. If the original copy of the copy machine…

A: We know, Value after time t years = Initial value × 1+rate100t

Q: RM10 000 is invested for 4 years in a bank earning a simple interest rate of 10% per annum.Find the…

A:

Q: A time deposit account In a bank yields 5.5% compound interest Annually . Jennifer invested P 450 ,…

A: The formula for the amount for compound interest is given by  A=P1+r100t where P is the principal…

Q: A savings account that has 850$ deposited on march 1st earns 0.4% annual interest compounded daily.…

A:

Q: FV = $24,000, interest is 8% compounded monthly, payments made at the end of each month for 3 years

A: Consider the expression to find the amount in the account is,. A=PMT1+rnnt-1rn Here, PMT is monthly…

Q: TJ deposited P25,000 in a compound interest savings account that gives 3.5% return semi-annually.…

A:

Q: $1240 at 8% compounded annually for 2 years, what's the interest?

A: Given than,Principle amount, p=$1240Time period of investment=2 yearsRate of interest, R=8%

Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

A: A saving account that has  deposited earns  annual interest compound weekly.The objcetive is to find…

Q: jim borrows $500 at 17% per annum compounded quarterly for 2 years. Determine the interest due on…

A:

Q: After 5.63years, the principal amount tripled. If the interest rate is 5%. What is the method of…

A: Use the formula for the compound interest and then find the method.

Q: balance of 5000 $. f he does not make a withdvaual or deposit how much money will be in ricks…

A: We will find the final amount.

Q: 500 dollars paid back to you in 45 days with an interest rate of 4% how much interest is earne

A: