A man invests $15,000 in an account that pays 8.5% interest per year, compounded quarterly. Find...
A man invests $15,000 in an account that pays 8.5%
interest per year, compounded quarterly. Find the amount after 6
years.
Give the answer tl the nearest cent. $________
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A man invests $15,000 in an account that pays 8.5%
interest per year, compounded quarterly. Find...
A woman invests $6200 in an account that pays 6% interest per year, compounded continuously. (a)...
A woman invests $6200 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 3 years? (Round your answer to the nearest cent.) Enter a number. (b) How long will it take for the amount to be $8000? (Round your answer to two decimal pla yr
Amanda invests $7000 in a new savings account which earns 5.0% annual interest, compounded quarterly. What...
Amanda invests $7000 in a new savings account which earns 5.0% annual interest, compounded quarterly. What will be the value of her investment after 4 years? Round to the nearest cent.
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and...
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and months) will it take for his investment to reach $25,000? years and months (Round the answer for months up to the nearest multiple of three.) How long (in years and months) will it take for an investment to double at 5% compounded monthly? years and months (Round up to the nearest month.) How long will it take for an investment to triple if it...
10. $27,000 is invested in an account that pays 6% annual interest compounded quarterly. a. What...
10. $27,000 is invested in an account that pays 6% annual interest compounded quarterly. a. What will be the value of the account after 6 years? b. Find the year when the account will be worth $68,000?
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,Find the amount in the bank after 13 years if interest is compounded annually:Find the amount in the bank after 13 years if interest is compounded quarterly:Find the amount in the bank after 13 years if interest is compounded monthly:Finally, find the amount in the bank after 13 years if interest is compounded continuously:
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find the amount in the bank after 12 years if interest is compounded monthly Finally, find the amount in the bank after 12 years if interest is compounded continuously
A bank pays 6% interest per year, compounded quarterly. To what amount will a $5000 deposit...
A bank pays 6% interest per year, compounded quarterly. To what amount will a $5000 deposit grow if left in that bank for 10 years? Ans. $9070.09
Wai Ling invests $3,587 at 2% pa simple interest and this investment grows over time to...
Wai Ling invests $3,587 at 2% pa simple interest and this investment grows over time to $3,677.81. Calculate the time period (t) over which Wai Ling made the investment. Give your answer in days rounded to the nearest day. t = days Calculate the discounted (present) value (P) at 9.69% pa simple interest of a payment of $67,000 due at the end of 3 months. Give your answer in dollars and cents to the nearest cent. P = $ If...
4-1If Samantha invests $700 today in an account that pays 4 percent interest compounded annu- ally,...
4-1If Samantha invests $700 today in an account that pays 4 percent interest compounded annu- ally, how much will she have in her account four years from today? 4–2 Fifteen (15) years ago, your parents purchased an investment for $2,500. If the investment earned 6 percent interest each year, how much is it worth today? 4–3 Fiona plans to invest $500 later today. She wants to know to what amount her investment will grow in 20 years if she earns...
1. If $5,000 is deposited into a savings account that pays 8% interest, compounded quarterly Ya)...
1. If $5,000 is deposited into a savings account that pays 8% interest, compounded quarterly Ya) What will the balance be after 6 years? (5 points)
A woman invests $6200 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 3 years? (Round your answer to the nearest cent.) Enter a number. (b) How long will it take for the amount to be $8000? (Round your answer to two decimal pla yr
Amanda invests $7000 in a new savings account which earns 5.0% annual interest, compounded quarterly. What will be the value of her investment after 4 years? Round to the nearest cent.
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and months) will it take for his investment to reach $25,000? years and months (Round the answer for months up to the nearest multiple of three.) How long (in years and months) will it take for an investment to double at 5% compounded monthly? years and months (Round up to the nearest month.) How long will it take for an investment to triple if it...
10. $27,000 is invested in an account that pays 6% annual interest compounded quarterly. a. What will be the value of the account after 6 years? b. Find the year when the account will be worth $68,000?
1. If $5,000 is deposited into a savings account that pays 8% interest, compounded quarterly Ya) What will the balance be after 6 years? (5 points)
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