How long did it take for an investment of $23,750 to grow to at least $27,000 at 2.25% compounded quarterly? years and months Express the answer in years and months, rounded to the next month

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: How long (in years and months) will it take for an investment to double at 4% compounded monthly?…

A: The explanation has been given in the attached file.

Q: Find the time required for an investment of 3,000 dollars to grow to 5,000 dollars at an interest…

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Q: How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded…

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Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: How much should she set aside now

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Q: Find the accumulated value of an investment of $25,000 for 5 years at an interest rate of 5% if the…

A: the compound interest formula:…

Q: Ben Franklin's gift of $5,000 to New York City grew to $7,000,000 in 200 years. At what interest…

A: The principal amount, P = $5,000 Future amount, A = $7,000,000 Time, t = 200 years The number of…

Q: How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with…

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Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 8 years…

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Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

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Q: What interest will be earned if $6800 is invested for 7 years at 12% compounded monthly? (Round your…

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Q: How long did it take for an investment of $30,000 to grow to at least $36,000 at 2.75% compounded…

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Q: How long will take it for money to quadruple itself if invested at 20% compounded quarterly? 9.5…

A: Compound Interest Formula:A=P1+rnWhere P= Initial amount           r= interest rate per period…

Q: If 22100 dollars is invested at an interest rate of 6 percent per year, find the value of the…

A: The compound interest formula is given bt :A=P1+rnntIn our problem,we have : A= the value we want to…

Q: How long did it take for an investment of $27,500 to grow to at least $30,000 at 2.25% compounded…

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Q: What interest will be earned if $6500 is invested for 8 years at 13% compounded monthly? (Round your…

A: The given principal value P = $6500 The given time t = 8 years = 12*8 = 96 months  Interest rate =…

Q: How much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

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Q: How much money should be invested every quarter at 8% per year, compounded quarterly, in order to…

A: The solution for the above question is as shown below.

Q: How much should be invested now at 6.15% compounded annually to have $35,000 in 16 years?

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Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $13,000 in 6…

A: I have appended the formula used in the solution part of the question

Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

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Q: Suppose that you have opened a saving account with an initial deposit of $8,000. The account offers…

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Q: How much more would you earn in the first investment than in the second investment? $52,000 invested…

A: topic -  compound interest

Q: How long would it take for an investment to at least double its original amount at 3.62% compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  r=3.62%=0.0362 n=12 for a…

Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years…

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Q: An investment has grown from $15,000 to $17,684.23 in 3 years, compounding monthly. What was the…

A: We have to calculate interest rate

Q: How much money should John invest today into a fund that earns interest at 3.50% compounded…

A:

Q: How long will it take $3,000 to grow to $20,000 if it invested at 6% compounded monthly? ___years…

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Q: How much will you need to put away to get 700 after 9 years at 6% compounded monthly?

A: A=700 Time = 9 years ROI = 6% = 0.06 n=12 ( Compounded monthly)

Q: How much should you invest each month in order to have $500,000 if your rate of return is 2.7%…

A: Given, Compound interest, A=$500,000 Annual interest rate, r=2.7100=.027 Compound per year, n=12…

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

A: A=P1+rnnt P is the amount invested. r is the rate. t is the time A is the amount after t years.

Q: a.) What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to…

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Q: How long will it take to triple an investment at 4.6 percent per year, compounded quarterly? Round…

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Q: If 41200 dollars is invested at an interest rate of 10 percent per year, find the value of the…

A: Consider the provided question, Invest 41,200 dollars at an interest rate of 10%. We have find the…

Q: Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 10 years…

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Q: 4. How many years (to the nearest tenth) will it take for a $1500 investment to double with an…

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Q: How much monthly deposit must be made for 5 years and 5 month in order to acccumulate $120,000 at…

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Q: How much will you need to put away to get 1500 after 13 years at 9% compounded monthly?

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Q: If 23200 dollars is invested at an interest rate of 7 percent per year, find the value of the…

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Q: How much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

A:

Q: How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with…

A: Given that:

Q: How long did it take for an investment of $25,000 to grow to at least $28,000 at 2.75% compounded…

A: Given: A = $28000 P = $25000 r = 2.75% We know the quarterly compound interest formula as A=P1+r44t.…

Q: If 31800 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: SOLUTION-

Q: Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5% if the…

A: We will find out the required value.

Q: To yield $10000 in three years in an investment that pays interest at a rate of 5.4% per year,…

A: Solve for principal amount

Q: How much must be invested at the beginning of each year at 9%, compounded annually, to pay off a…

A: