If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years Interest earned = $ b) 4 years Interest earned = $

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A: A=P1+rnnt

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A: topic - exponents

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Q: If you borrow $5000 and,after 9 months,pay off the loan in the amount of $5500, what per annum rate…

A: Consider the given: Let the per annum rate of interest be "t",12 months = 1 year9 ​months = 0.75…

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A: As per the company guidelines i am solving the first question please resubmit the question for…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $361 per month…

A: The future value formula isFV=PMT(1+i)n-1iwhere FV = Future value PMT = Periodic paymenti = rate of…

Q: Find the final amount of money in an account if $2,000 is deposited at 8% interest compounded…

A: Given

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A: A principal of $2000 is placed in a savings account at 3% per annum compounded annually.

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A: Given, We want to have $ 30,000 in the account in 5 years   We have to find how much we need to…

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Q: #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly.…

A: We have to find amount

Q: In order to accumulate enough money for a down payment on a home, a couple deposit $300 per month…

A: Given, PMT = 300 r = 6% = 0.06 m = 12 t = 5 i=rm=0.0612=0.005 n = mt = 12(5)=60

Q: How much would you need to deposit in an account now in order to have 5000 in the account in 10…

A: Given data is: Amount=5000t=10 yearsr=6% compounded monthly Here, compounded monthly, therefore n=10…

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A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

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A: Given that principle amount P= 5000 Rate of interest r = 4 Time n= 2 Compounded quarterly Amount A =…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: A loan was repaid over seven years by end-of-month payments of $450. If interest was 12% compounded…

A: By using the formulas of future value we solve the given problem as follows :

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Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…

A: Solution of given question is written in below steps.

Q: If you owe $2000 on a credit card with 18% annual interest compounded monthly, how i) much money…

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Q: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

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A: Given information Amount deposited per month R=$421 Rate of interest r=3% compounded monthly…

Q: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

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Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: A payment of $550 is due in 2 years, and $4,900 is due in 4 years. What single payment made today…

A: topic - compound interest

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Q: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

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A: We want to find the amount he want to pay now

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Q: A trust fund needs to deposit an amount of money at 5.6% compounded quarterly for withdrawing 10,000…

A: Given A trust fund needs to deposit an amount of money at 5.6% compounded quarterly for withdrawing…

Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

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Q: How much must be invested in an annuity that will earn 5.9% (compounded quarterly) where a payment…

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Q: How much must be placed each month into a retirement account earning 14% compounded monthly if the…

A: Given, r= 14% A= $1000000 t= 35 years n=12 (compounding monthly)

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

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