You deposit $4000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 35 years?

Q: You deposit $5000 in an account earning 8% interest compounded monthly. How much will you have in…

A: The objective of this question is to calculate the future value of an investment with monthly…

Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

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Q: you deposit $4000 in an account that pays 7% interest compounded semiannually. After 3 years,…

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Q: You deposit $4000 each year into an account earning 5% interest compounded annually. How much will…

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Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

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 $6500 into an account paying 8% annual interest compounded monthly. How much money will…

A: solution of the given problem is below ...

Q: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. how much…

A: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. We have to find…

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

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Q: You borrow $4500 at 5% interested compounded quarterly. How much will you owe after 7 years?

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Q: Sarah invests $4848 in a savings account with an annual interest rate of 5% compounded 2 times per…

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Q: Joy invests $18,000 into an account at an annual rate of 0.6% simple interest for 36 months.…

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Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

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Q: You deposit $3000 in an account earning 5% interest compounded monthly. How much will you have in…

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Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

Q: You have $300,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

A: It is given that,      r= annual interest rate=8%=0.08      k=monthly compounding=12      N=number…

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: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: Berno deposits $30,000 into an account paying 3.25% annual interest, compounded quarterly. How much…

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Q: $5,000 is invested into an account that earns 3% annual interest, compounded monthly. How much is in…

A: Compound interest formula A=P1+rnnt Where A is accumulated amount, P is principal value, r is rate…

Q: You deposit $5000 each year into an account earning 7% interest compounded annually. How much will…

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Q: $10,000 is deposited into an account that pays 2.4% interest compounded quarterly. How much money is…

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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: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: Let the monthly payment be P . It is provided that future value, A=10000 . The rate of interest, r…