What will be the value in 5 years of $17,000 at 4% interest compounded monthly? $

Q: You invest $600 into an account that earns 4% interest compounded monthly. How long until the value…

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Q: A couple invests $1000 in a trust fund each year on their childs birthday. They started the fund on…

A: Given: A couple invests $1000 in a trust fund each year on their Childs birthdayp0. The fund pays…

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

A: In compound interest, total amount is given by A=P[1+(r/n)]nt

Q: Quincy deposited $10 in a saving account earning 10% interest compounded annually to the nearest how…

A: Solution

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: $5000 is invested in a stock that returns getting 8% compounded monthly. how much interest will be…

A:

Q: Find the present value if $8600 is compounded quarterly for 4 years.

A:

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: Brandon is depositing $1500 into a savings account that compounded interest monthly with an annual…

A: Given that, Brandon is depositing $1500 into a savings account compounded interest monthly with an…

Q: Find the final amount of money in an account if $7, 600 is deposited at 6.5% interest compounded…

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Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

A: Given that ,principal amount that investedP=$25,000the rate of interest r=5%=5100=0.05time in…

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: $3000 is invested for 19 years with an APR of 3.88% and monthly compounding, The account balance…

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Q: How much money could you withdraw each quarter of a year for 4 years if you deposited $50,000 into…

A: To Find: How much money we could withdra each quarter if the account pays 4% interest compound…

Q: $10,000 put in bank account for 40 years at 3% interest, compounded monthly?

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Find how much interest $25,000 earns in 4 years in a certificate of deposit paying 9.5% interest…

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Q: $2000 is compounded annually at a rate of 10​% for 3 years.

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Q: ​$9000 at 4​% compounded annually for 7 years

A: Given information Present value P=$9000 Rate of interest r=4% Time t=7 years Formula used:-…

Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

A: