Question: please answer the four questions Use the compound interest formula to compute the interest earned on the following: $15,000 invested at an APR of 2.5%
please answer the four questions

Use the compound interest formula to compute the interest earned on the following: $15,000 invested at an APR of 2.5% for 13 years compounded annually. The interest earned in 13 years is $ (Round to the nearest cent as needed. Calculate the amount of money you'll have at the end of the indicated time period. You invest $2000 in an account that pays simple interest of 4% for 30 years. The amount of money you'll have at the end of 30 years is s Calculate the amount of money you'll have at the end of the indicated time period, assuming that you earn simple interest. You deposit $3100 in an account with an annual interest of 5.8% for 20 years. The amount of money you'll have at the end of 20 years is $ (Type an integer or a decimal.) Use the compound interest formula to determine the accumulated balance after the stated period. $9000 invested at an APR of 7% for 6 years. If interest is compounded annually, what is the amount of money after 6 years? $ (Do not round until the final answer Then round to the nearest cent as needed.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
