A newborn child receives a $20,000 gift toward a college education from her grandparents. How much will the $20,000 be worth in 17 years if it is invested at 7% and compounded quarterly?

Q: 12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What will be…

A: Given deposited amount =$3000 , rate =5% and time 10 year We have to find value of CD after 10 year

Q: Jackson invested $81,000 in an account paying an interest rate of 6,% compounded monthly. Angel…

A: for both Jackson and Angel , P is $81,000. now Time is 16 years. for Jackson Rate, r is 6.5% which…

Q: A newborn child receives a $5,000 gift towards a college education from her grandparents. How much…

A: Given that  A newborn child receives a $5,000 gift towards a college education from her…

Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

Q: A year-end bonus of $25,000 will generate how much money at the beginning of each month for the next…

A: Given that the year-end bonus is $25,000 that can be invested at 6.15% compounded monthly.

Q: Rochelle invested $100 at the end of every month into an RRSP for 11 years. If the RRSP was growing…

A: Given information Initial principal balance P=$100 Rate of interest r=4.60% ⇒r=4.60100=0.046 Period…

Q: Edmond has $6,915 in a savings account that earns 8% interest, compounded annually. To the nearest…

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Q: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

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Q: Beck would like to be a millionaire in 35 years. How much would she need to invest quarterly in a…

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Q: If you invest $2000 at 6% compounded monthly, how long will it take the account to double in value?

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Q: If you invested $2,300 at 12% interest, compounded daily, then how much would this investment be…

A: Given : $2300 is invested at 12% interest, compounded daily

Q: An investment fund pays 5% per year, compounded semi-annually, on all money invested. How much must…

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Q: If you invested $10,000 at 9% interest, compounded quarterly, then how much would this investment be…

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Q: An investment of 10,000 yields 8% interest compounded quarterly. What will be the accumulated…

A: Given    present value= 10000 interest rate=8% compounded quarterly

Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

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Q: If you invest $10,000 at an interest rate of 3.2% compounded monthly, when will your investment be…

A: Initial amount=P=$10000Final amount=A=$15000Interest rate=r=3.2%=0.032Time=t=?Number of times…

Q: n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded…

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Q: Jessica would like to have $36,000 to buy a new car in 9 years. To accumulate 36,000 in 9 years, how…

A: We have to find that how much would Jessica need to invest monthly in a sinking fund with 6%…

Q: Laurie has $2,500 in an investment account. What annually compounded interest rate would she need to…

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Q: If Juanita invests $1500 in a retire-ment account that earns 8% compounded annually, how long will…

A: Given:Juanita invests $1500 in a retirement account the earns 8% compounded annually, and the amount…

Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

Q: Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. Assuming no…

A: Formula: The compound interest formula is given by, FV=PV1+rnnt Given: FV=$79,200, PV=$47,000, r=4%,…

Q: How much will P54,200 be in 24 months at 4% compounded monthly?

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Q: A year-end bonus of $27,000 will generate how much money at the beginning of each month for the next…

A: An annuity is an investment put in a certain amount of money each year or each month. there are two…

Q: Approximately how much money would Manny have if he invested $1,200 at an interest rate of 5% for 7…

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Q: How much will an investment of $5,000 be worth in 8 years if it earns 2.2% in annual interest…

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Q: If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest…

A: The compound interest formula is A = P1 + rnnt In the formula, A = Accrued amount (principal +…

Q: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…

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Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

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Q: A newborn child receives a $7,000 gift toward a college education from her granparents. How much the…

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Q: How much must a person put into the bank today if he wants $50,000 in 5 years at 6% compounded…

A: Sol

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

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Q: A year-end bonus of $20,000 will generate how much money at the beginning of each month for the next…

A:

Q: If it takes 12 years and 5 months to double your money (compounded quarterly), how long would it…

A: To determine the time t it will take for the investment to double.

Q: On​ Melissa's 6th​ birthday, she gets a $2000 CD that earns 5​% interest, compounded quarterly. If…

A: Interest is compounded Quarterly. Therefore n=4.

Q: If you invested $300 now at 6.5% interest compounded monthly, how much money do you have available…

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Q: The buyer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money is 8%…

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Q: Find how much Sally would have to invest now at 6.25% compounded quarterly in order to have $15,000…

A: This question is based on compound interest.

Q: A year-end bonus of $24,000 will generate how much money at the beginning of each month for the next…

A: The present value of an annuity is given by  Present Value=PMT1−1+i−ni1+i For a year, n = 12. Since…

Q: A year-end bonus of $22,000 will generate how much money at the beginning of each month for the next…

A: The payment that has to be done at the beginning of each period is Annuity. In this problem, the…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

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Q: nora is thinking of investing an amount of P30,000  8.5% compounded annually

A: Given,Present Value, PV=30,000Rate of interest,r=8.5 compounded annuallyTime period, n=2.5 years

Q: Sarah invested $3,800 in an account paying an interest rate of 3.6% compounded daily. Assuming no…

A: Given:  Sarah invested $3800 in an account paying an interest rate of 3.6% compounded daily.  To…

Q: How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

A: Follow the procedure given below.

Q: Madison invested $3,300 in an account paying an interest rate of 6.7% compounded daily. Assuming no…

A: The given data is: Medison invested P=$3300 Rate of interest R=6.7% Time t=5 years To find the…

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: THE COMPOUND INTEREST FORMULA Compound interest can be calculated using the formula…

Q: The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal in…

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Q: If $18,000 is invested at 6% compounded monthly, what is the amount after 5 years?

A: Answer to question 1. The principal amount is, P = $18,000. The interest rate is r = 6%. The number…