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Answer: [tex]y=20000(1.083)^6[/tex] Step-by-step explanation: Let y represents the amount James have after 6 years, Given, Principal amount, ...

james invests $20000 in an account that has an annual interest rate of 8.3%. which is the correct equation?

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Expert-Verified Answer · Given: The principal, P =$20000. The interest rate is r = 8.3 %. Time, t =6 years. · Required: We need to find the ...

Solved James invests $20,000 in an account that offers a | Chegg.com

Question: James invests $20,000 in an account that offers a compound interest rate of 8.3% per year. Which of the following is the correct ...

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2. James invested $20,000 in an account earning a 9% annual rate of interest compounded monthly. Calculate his account value at the end of eight years if all ...

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Annual Interest Rate: %. Results. Future Value, using... Simple Interest ... invest them to get interest on them (ergo compound interest). The situation ...

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James invests $20,000 in an account that offers a compound interest rate of 8.3% per year. How much will James have in year 6? Added by Raven J. Instant Answer.

James invests $20000 in an account that offers a compound interest ...

James invests $20,000 in an account that offers a compound interest rate of 8.3% per year. Which of the following is the correct equation ...

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: Type in the annual interest rate your investment will earn. Set ... rate you have earned when buying and selling some investments. It ...

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1. James invests a total of $20,000 in two accounts paying 8% and 14% annual interest, respectively. How much was invested in each account if, ...

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James invests S20.000 in an account that offers a compound interest rate of 8.3% per year Which of the following is the correct equation for how much James will ...

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Effective Interest Rate: If money is invested at an annual rate r ... account that now contains $5,000 and earns 5% interest per year compounded monthly.

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Solution for James invests $20000 on his 25th birthday and plans to add $2000 to his investment each year until his 40th birthday. The interest rate is ...

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... annual interest rate (in decimal form), the ... Problem 4: How much money would you need to deposit today at 5% annual interest compounded monthly to have $20000 ...

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Question 293118: A man invests $20,000 at an annual interest rate of 7%, and $12,000.00 at an annual interest rate of 7.5%. What was his annual income on the ...

Interest Problems (systems of equations in two variables)

Interest Problems. Ann invested $12,000 in two bank accounts. One of the accounts pays 6% annual interest, and the other account pays 5% annual interest.

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James is investing $15,000 in the bank. The investment has an interest rate of 6% compounded monthly. After ten years, how much will James have made? In ...

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Discussing interest starts with the principal, or amount your account starts with. This could be a starting investment, or the starting amount of a loan.

Q71. A woman invests a total of \(20,... [FREE SOLUTION] - Vaia

accounts, one paying 5% and the other paying 8% simple. interest per year. Her annual interest is \)1180. How much did. she invest at each rate? Short Answer.

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In Example 6, had the money been invested at 2% compound interest with annual ... into another account having the same rate of interest. At the end of the n ...