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Use the compound interest formula to compute the total amount accumulated and the interest earned. $2000 for 4 years at 4% compounded quarterly The total
Use the compound interest formula to compute the total amount accumulated and the interest earned. $2000 for 4 years at 4% compounded quarterly The total amount accumulated after 4 years is $D. (Round to the nearest cent as needed.) A youth sports league held various fundraisers. They received $410 from a car wash, $313 from a bake sale, and $455 from a used equipment sale. The league decides to invest this money in a 3 year CD that pays 4.5% interest compounded daily. How much will the league receive from the CD in 3 years? fN..." The league will have $|:J in this account after 3 years. (Round to the nearest cent as needed.) Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $70,000 after 14 years invested in an account with 4.9% interest compounded monthly. The amount to be invested now, or the present value needed, is $D. (Round to the nearest cent as needed.) Use the compound interest formula to compute the total amount accumulated and the interest earned. $5000 for 4 years at 8% compounded daily (use n = 360) The total amount accumulated after 4 years is $EI. (Round to the nearest cent as needed.) Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $130,000 after 2 years invested in an account with 8% interest compounded quarterly. IT The amount to be invested now, or the present value needed, is $D' (Round to the nearest cent as needed.) To help pay for new costumes for a play, a theater invests $1800 in a 42-month CD paying 4.1% interest compounded monthly. Determine the amount the theater will receive when it cashes in the CD after 42 months. The theater will receive $:] when it cashes in the CD. (Round to the nearest cent as needed.) Adam wishes to have $23,000 available in 18 years to purchase a new car for his son as a gift for his high school graduation. To accomplish this goal, how much should Adam invest now in a CD that pays 1.73% interest compounded semiannually? a ..... Adam should invest 35D now. (Round to the nearest cent as needed.) \\ O Use the compound interest formula to compute the total amount accumulated and the interest earned. $2000 for 3 years at 8% compounded semiannually. The amount in the account is 39D. (Do not round until the nal answer. Then round to the nearest cent. as needed.) Marcus receives an inheritance of $1,000. He decides to invest this money in a 10-year certificate of deposit (CD) that pays 7.0% interest compounded monthly. How much money will Marcus receive when he redeems the CD at the end of the 10 years? . . . . . Marcus will receive $]. (Round to the nearest cent.)Use the compound interest formula to compute the total amount accumulated and the interest earned. $9500 for 3 years at 6.5% compounded monthly The total amount accumulated after 3 years is $EI. (Round to the nearest cent as needed.)
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