If $5000 is loaned for 5 months at a 5% annual rate, how much interest is earned?

Q: If you deposit $4500 at 5% annual interest compounded quarterly, how much m oney will be in the…

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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: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: You deposit $5000 each year into an account earning 6% interest compounded annually. How much will…

A: Given:

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

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Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: If $1300 is deposited in a savings account paying 9% interest, compounded quarterly, how long will…

A: Use the formula for compound interest A=P((1+(r/n))^(nt)) A=the amount in the account after t years…

Q: Sam deposits $900 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: Given data:   The given amount Sam deposits are P=$900. The semiannual interest rate is r=7%=0.07.…

Q: Springfield Florist plans to replace its delivery vehicle in three years. If they set aside $16,000…

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Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A: To determine the cumulative amount accrued by the investment under the given terms.

Q: Find the final amount of money in an account if $6,600 is deposited at 6% interest compounded…

A: Given: An amount of $6,600 is deposited at 6% interest compounded annually and the money is left for…

Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…

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Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

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Q: Jayden invested $65,000 in an account paying an interest rate of 2.1% compounded quarterly. Assuming…

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Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…

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Q: An investor deposits $200 each month into an account that pays 6% compounded monthly. How much is in…

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Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=300 r=9%=0.09 t=4 years…

Q: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

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Q: If you deposit P4000 into an account: paying 6% annual interest compounded quarterly, how much money…

A: Compound interest

Q: John deposits $2,000 into a CD that guarantees a 5.8% annual interest rate, compounded yearly. How…

A: Initial deposite= P= 2000 Final amount=A=? Time=t= 4 years  Interest rate = 5.8%=0.058  Number of…

Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

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Q: In order to accumulate enough money for a down payment on a home, a couple deposit $300 per month…

A: Given, PMT = 300 r = 6% = 0.06 m = 12 t = 5 i=rm=0.0612=0.005 n = mt = 12(5)=60

Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: if $120 double in approximately 11 years, what is the interest rate

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Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: If 5000 dollars is invested in a bank account at an interest rate of 4 percent per year,

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Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

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Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…

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Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

A: Topic - Compound Interest

Q: If $5,700 is loaned for 16 months at a 12% annual rate, how much interest is earned?

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

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Q: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will…

A: Given:   P = 1000    r = 2% = 2/100 = 0.02    t = 20    n = 1 ( compounded annually )

Q: You deposit $1000 each year into an account earning 3% interest compounded annually. How much will…

A: Given, every year $1000 is deposited with 3% compound interest annually. here we shall use the…

Q: Suppose you deposit $4000 in a CD paying 5% interest, compounded monthly. How much will you have in…

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Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

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Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…

A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time

Q: If a bank pays 18% compounded monthly, how much should be deposited now to have $2000 : a) 6 years…

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Q: What is the purchase price on a car that has a $350 monthly payment for five years, financed at 6%…

A: Given query is to find the purchase price of the car.

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: In how many years will ₱15,000 double itself at the rate of 10% simple interest?

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Q: Assume a six-month CD purchased for $5000 pays simple interest at an annual rate of 9.5%. How much…

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Q: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest,…

A: We will use the compound interest formula to find the amount after 17 years

Q: A bank deposit paying simple interest at the rate of 8% per year grew to a sum of $1200 in 10…

A: The formula for Simple Interest is given by S.I=PRT100 where P is the principle, R is the rate and T…

Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

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Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…

A: Principal  =  $5000  Rate  =  10%  =  0.1     Final amount to be paid    =  5000 × ( 1 + (10/100) )3…

Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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