You invest $5400 in an account earning 3.5% interest compound monthly. How much money will be in the account after 6 years?

Q: You have $15000 that you want to invest for 5 years. Of the two investment options below, which one…

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

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Q: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

A: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

Q: Jar Jar deposited $1460 at 9 percent interest compounded continuously. How much money was in the…

A: Using compound interest formula

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

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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: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: Given: Rate of interest 6% compounded monthly Amount A =$4000 interest rate r=6%=0.06 n=12 t=5 years…

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: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

Q: You invest $3075.00 into a savings account and make no deposits for 10 years. The account compounds…

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Q: Joe invests $3600 in an account earning 7.57% interest, compounded daily. How long will it take for…

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

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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: Brad invests $3700 in an account paying 3% compounded monthly. How much is in the account after 8…

A: We know,         For principal amount P and rate of interest r% compounded per unit time, the amount…

Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

A: Given problem:- Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is…

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: You deposit $800 every six months into an account that pays 7% p.a interest compounded…

A: Given query is to find the amount of interest earned in 30 years.