The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal in Bessie's savings account was $5600 for an entire year, what will be the balance of her account after all the interest is paid for the year?

Q: If money is worth 4% compounded quarterly, how much (in $) would the house have cost if she had paid…

A: Concept: The trigonometric ratio are ratios, sine, cosine, tangent, cosecant, secant and cotangent.…

Q: Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars at the end, what was…

A: Given problem is :   Alex invests 500 dollars compounded daily for 3 years. If he has 600 dollars…

Q: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and the…

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Q: Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To…

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Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: Timothy invests $5,000 at 17% interest compounded daily for three years.How much does he have in the…

A: topic- compound interest

Q: A principal of $4400 is invested at 4.75% interest, compounded annually. How much will the…

A: explanation and solution is given below.....

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: Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested…

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Q: After several years of working, Katy saved $125,000. If she invests that $125,000 in a savings fund…

A: Given: Initial amount = P = 125000 Interest rate = r = 4% = 0.04 Time = t = 15 years To find: Final…

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: We are given with the interest rate and time duration and the initial payment and we have to find…

Q: an

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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 need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

Q: Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and the other…

A: We will use: If P dollars is invested at a yearly rate of interest r per year, compounded m times…

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: · A local car wash charges $3 per wash, or one can pay $12.98 for 5 washes, payable in advance with…

A: 5) A local car wash charges $3 per wash. One can pay $12.98 for 5 washes which are payable in…

Q: On Melissa's 6th birthday, she gets a $4000 CD that earns 3% interest, compounded semiannually. If…

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Q: Credit card A offers an APR of 15.55%, compounded monthly, while credit card B offers an APR of…

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Q: Reggie wants to find the future value of an investment of $3000 that earns 4.75% compounded monthly…

A: Given P= $3000, r= 4.75%=0.0475,t=30,n=12. We find future value A=?

Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: A principal of $3900 is invested at 5.75% interest, compounded annually. How much will the…

A: Formula for finding the final amount in the account is,      A=p1+rnnt Where A= final amount in the…

Q: For her 1st birthday, Ruth's grandparents invested $1200 in an 18-year certificate for her that pays…

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Q: A principal of  $4900  is invested at  4.25%  interest, compounded annually. How much will the…

A: use the formula for compound interest for finding the amount.

Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

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Q: Find the amount Erica owes at the end of 2 years if $6000 is loaned to her at a rate of 4%…

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Q: venture promises a 7% annual interest rate compounded once a year. For how many years should Roger…

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Q: Anne wants to find the future value of an investment of $3000 that earns 5.75% compounded monthly…

A: The time value of money calculator can be used to predict the current value of the principal after…

Q: A principal of $3000 is invested at 3.25% interest, compounded annually. How much will the…

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Q: Bo won $10,000 on a scratch-off lottery ticket. In five years, he wants to buy a new bass boat that…

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Q: After how many months will the account be worth $60,000

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Q: For her first birthday, Ruth's grandparents invested $800 in an 18 year certificate for her that…

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Q: How much interest will Roxanne have to pay if she borrows $2000 for 2 yr at a simple interest rate…

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Q: mr. Gordon plans to invest $300 at the end of each month in an account that pays 12%, compounded…

A: We use annuity formula.

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: Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly. How much…

A: Given p=$600, r=2.9% (r=0.029), t=5 years  for compounded quarterly n=4

Q: Kayla invested $88,000 in an account paying an interest rate of 8% compounded daily. Sadie invested…

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Q: Riley invested $5,100 in an account paying an interest rate of 7-% compounded quarterly. Ryan…

A: Use the formula A=P1+rnnt. Where P is the principle amount, r is the rate of interest, n is number…

Q: Hamad needs $6500 in 3 years for his first-year university program. He is planning to deposit a…

A:

Q: On Melissa's 6th birthday, she gets a $5000 CD that earns 6% interest, compounded quarterly. If the…

A: The compound interest accrued on a principal amount P, at rate R% after time t years is given as…

Q: Sophie owes Sam P75,000.00 due in one year and P225,000.00 due in 4 years. She agrees to pay…

A: The effective annual interest is calculated using the formula Effective Annual interest Rate=1+inn-1…

Q: interest

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Q: Mohan borrowed some money from Sohan at the rate of 20% compounded annually and lent it to Kavita at…

A: Let the sum borrowed by Mohan be x Now, the Amount that he will have to pay at the end of year (A) :…

Q: One month from now, Kelly will make her first monthly contribution of $250 to a tax free savings…

A: Given information Monthly deposit PMT=$250 Future value FV=$55,000 Rate of interest is r=6%…

Q: Greg has $9,000 in a savings account. The interest rate is 15%, compounded annually. To the nearest…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=9000 r=15%=0.15 n=1 for…

Q: Sam invests $ 6500 into an account earning 6.75% interest compounded quarterly. How long will it…

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Q: Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need…

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Q: Oscar has $400 in a savings account that earns 1% interest, compounded annually. To the nearest…

A: Given : Principal amount (P) = $400 Interest rate = 1% time t = 2 years

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.