' tuTпорар Score: 0 of 1 pt 5.1.23 Find the compound amount for the given deposit...
Find the compound amount for the deposit and the amount of interest earned. $6200 at 3% compounded quarterly for 9 years The compound amount after 9 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the compound amount for the deposit and the amount of interest earned. $240 at 5.8% compounded semiannually for 11 years The compound amount after 11 years is $ . (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)
Score: 0 of 1 pt SI 1 of 10 (0 complete) HW Score: 0%, 0 of 10 Question Help 8.4.5 The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. A. Find how much money there will be in the account after the given number of years. B. Find the interest eamed. A The amount of money in the account after 2 years is (Round to the nearest hundredth as...
Find the compound amount and the amount of interest earned by the following deposit. $2,000 at 5.41% compounded continuously for 6 years. What is the compound amount? $ (Round to the nearest cent.) What is the interest earned?
Find the compound amount and the amount of interest earned by the following deposit. $8,000 at 5.85% compounded continuously for 3 years. What is the compound amount? (Round to the nearest cent.) What is the interest earned? $ (Round to the nearest cent.)
For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the interest earned, and (c) the time to reach $17,000. $5300 at 3.6% a. The future value after 5 years is approximately $. (Do not round until the final answer. Then round to the nearest cent as needed.) b. The interest earned is. (Do not round until the final answer. Then round to the nearest cent as needed.) c. The...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
Find the missing interest earned. Principal Rate Compounded | Time Final Amount Compound Interest $12256 % quarterly 5 years $1649.90 The amount of compound interest earned is $|| (Round to the nearest cent as needed)
Find the compound amount for the deposit. Round to the nearest cent. $9,000 at 7% compounded semiannually for 10 years O A. $12,695.39 OB. $17,704.36 OC. $17,908.10 OD. $9,006.30 Click to select your answer. Type here to search Find the amount of compound interest earned. $9,000 at 5% compounded annually for 3 years O A. $1,441.63 O B. $1.418.63 O C. $1,935,000.00 OD. $19,350.00
An investor needs $16,000 in 16 years. (a) What amount should be deposited in a fund at the end of each quarter at 6% compounded quarterly so that there will be enough money in the fund? (b) Find the investor's quarterly deposit if the money is deposited at 9.6% compounded quarterly. (a) The deposit should be $ - (Do not round until the final answer. Then round to the nearest cent as needed.)