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4 pts The principal represents an amount of money deposited in a savings account subject to...
The principal represents an amount of money deposited in a savings account subject to compound interest...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. 5) 1.9tA= Pert Y= (1. :) - 1 Principal: $3500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $4865.38; interest earned: $673.82 amount in account: $4188.85; interest earned: $688.85 amount in...
Question 18 3.33 pts The principal represents an amount of money deposited in a savings account...
Question 18 3.33 pts The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Tir Atte 2H A=P A. Pert Principal: $3500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $3660.79. Interest earned: $160.79 amount in account: $4865.38; Interest earned: 5673.82...
Question 21 4 pts The principal represents an amount of money deposited in a savings account...
Question 21 4 pts The principal represents an amount of money deposited in a savings account subject to compound Interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. A - P(1.4) Principal: $10,000 Rate: 5% Compounded: semiannually Time: 5 years amount in account: $12.762.82: interest earned: $2762.82 amount in account: $11,314.08: interest earned: $1314.08 amount in account:...
The principal represents an amount of money deposited in a savings account subject to compound interest...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Int A P A = Pert n nt 1 + 38) Principal: $10,000 Rate: 5% Compounded: semiannually Time: 5 years A) amount in account: $11,314.08; interest earned: $1314.08 B) amount in account: $12,762.82;...
Score: 0 of 1 pt SI 1 of 10 (0 complete) HW Score: 0%, 0 of...
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...
1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest...
1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest rate of 5%, compounded monthly, for 18 months. 2, How much money should be invested in an account that earns 6% annual interest, com- pounded monthly, in order to have $15, 000 in 5 years? 3. How much interest is earned on a $2000 deposit for 2 years at a 0.12% monthly interest rate. compounded daily?
14.Compound Interest hank account pays compound interest, it pays interest not only on the principal amount...
14.Compound Interest hank account pays compound interest, it pays interest not only on the principal amount that was deposited into the account, but also on the interest that has accumulated over time. Suppose you want to deposit some money into a savings account, and let the account earn compound interest for a certain number of years. The formula for calculating the balance of the account afer a specified namber of years is The terms in the formula are A is...
Question 2 Robb by grandmother deposited $100 in a savings account bom. The money has been extring an annual rate of...
Question 2 Robb by grandmother deposited $100 in a savings account bom. The money has been extring an annual rate of quarterly for the last 25 years. He is getting married a new bride on a fabulous honeymoon. How led 100 in a savings account for him when he was ning an annual rate of 12% interest, compounded cars. He is getting married and would like to take his use? us honeymoon. How much does he have in this account...
re: 0 of 1 pt 10 of 20 (14 complete HW Score: 51.25%, 1025 of 20...
re: 0 of 1 pt 10 of 20 (14 complete HW Score: 51.25%, 1025 of 20 8.4.7 The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate Principal $9500 Compounded monthly A Find how much money there will be in the account after the given number of years. B. Find the interesteamed A The amount of money in the account afer 3 years is Round to the nearest hundredth as...
1) If $4000 is deposited in a savings account that earns interest at an annual rate...
1) If $4000 is deposited in a savings account that earns interest at an annual rate of 2.5% interest compounded continuously, what is the value of the account at the end of two years? 2) A trust fund for a 11-year-old child is being set up by a single payment so that at age 21 the child will receive $37,000. Find how much the payment is if an interest rate of 9% compounded semiannually is assumed. 3) A bank account...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. 5) 1.9tA= Pert Y= (1. :) - 1 Principal: $3500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $4865.38; interest earned: $673.82 amount in account: $4188.85; interest earned: $688.85 amount in...
Question 18 3.33 pts The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Tir Atte 2H A=P A. Pert Principal: $3500 Rate: 4.5% Compounded: monthly Time: 4 years amount in account: $3660.79. Interest earned: $160.79 amount in account: $4865.38; Interest earned: 5673.82...
Question 21 4 pts The principal represents an amount of money deposited in a savings account subject to compound Interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. A - P(1.4) Principal: $10,000 Rate: 5% Compounded: semiannually Time: 5 years amount in account: $12.762.82: interest earned: $2762.82 amount in account: $11,314.08: interest earned: $1314.08 amount in account:...
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. Int A P A = Pert n nt 1 + 38) Principal: $10,000 Rate: 5% Compounded: semiannually Time: 5 years A) amount in account: $11,314.08; interest earned: $1314.08 B) amount in account: $12,762.82;...
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...
1. Calculate the compound amount when S1500 is deposited in an account earning an annual interest rate of 5%, compounded monthly, for 18 months. 2, How much money should be invested in an account that earns 6% annual interest, com- pounded monthly, in order to have $15, 000 in 5 years? 3. How much interest is earned on a $2000 deposit for 2 years at a 0.12% monthly interest rate. compounded daily?
14.Compound Interest hank account pays compound interest, it pays interest not only on the principal amount that was deposited into the account, but also on the interest that has accumulated over time. Suppose you want to deposit some money into a savings account, and let the account earn compound interest for a certain number of years. The formula for calculating the balance of the account afer a specified namber of years is The terms in the formula are A is...
Question 2 Robb by grandmother deposited $100 in a savings account bom. The money has been extring an annual rate of quarterly for the last 25 years. He is getting married a new bride on a fabulous honeymoon. How led 100 in a savings account for him when he was ning an annual rate of 12% interest, compounded cars. He is getting married and would like to take his use? us honeymoon. How much does he have in this account...
re: 0 of 1 pt 10 of 20 (14 complete HW Score: 51.25%, 1025 of 20 8.4.7 The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate Principal $9500 Compounded monthly A Find how much money there will be in the account after the given number of years. B. Find the interesteamed A The amount of money in the account afer 3 years is Round to the nearest hundredth as...
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