11 An amount of $18,000 is borrowed for 12 years at 8% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar. 88

Q: 2) Use the situation to answer the question. How much money would Manny have if he invested $1,200…

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Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

Q: How much is $1000 worth at the end of 2 years, if the interest rate of 5% is compounded daily?…

A: We have to find the total amount.

Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: If $3000 is deposited at the end of each half year in an account that earns 6.5% compounded…

A: Given that the annual deposited amount P=$ 3000   Amount of annuity A=$ 130000   Rate of interest…

Q: A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used…

A: Invested amount = 250,000$. Rate = 5% compounded quarterly, therefore, rate of return quarterly is =…

Q: A perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How…

A:

Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…

A: I am going to solve the given problem by using some simple calculus to get the required result.

Q: 31. How long will an account worth $2.2 million provide $10,000 at the end of each month, if money…

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Q: 44) Suppose a state lottery prize of $2 million is to be paid in 10 payments of $200,000 each at the…

A: As per you say i solve question number  44 .   Suppose a state lottery prize of $2 million is to be…

Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…

A:

Q: If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

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Q: 39) What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that…

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Q: How much do we earn if we invest $1000 at 10% compounded annually for 10 years?  Round to the…

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Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the…

A: Given Present value, P=$1000 time in years ,t=8 years The number of compounding period per year ,…

Q: Answer the following questions if you deposited 1,000 dollars into a bank account earning 6 percent…

A:

Q: 51. If you need $30,000 in your bank account in 7 years, to the nearest dollar, how much must you…

A: Let P be the principal amount.Given,

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A: amount must be set aside now to generate payments of $20,000 at the beginning of each year for the…

Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

A:

Q: If a person takes a mortgage OMR 82,000 for 25 years, with a rate of interest 4% compounded…

A: Total number of periods is 100. Therefore answer b is correct.

Q: 12. Answer the following questions if you deposited 1,000 dollars into a bank account earning 6…

A: we have to calculate semi annually compound interest

Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

A: Given information Retirement supplement=$292,100 Annuity=$250,000 Interest r=5% compounded quarterly…

Q: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…

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Q: 4. Nelson's financial goal is to invest a sum of money at 4% interest compounded monthly. If his…

A:

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

A:

Q: 5.) How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A: We need to calculate the amount.

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

A:

Q: A personal account earmarked as a retirement supplement contains $242,200. Suppose $200,000 is used…

A: From the given information, the investment is A=200,000, the quarterly payment is R=$6500 and the…

Q: (a) If $1,000 is irvested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

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Q: In order to help pay for college, the grandparents of a child invest $2450 in a bond that pays 15%…

A: Given Principal amount,P=2450 Rate of interest,i=15% Time in years,t=5.5years Number of times…

Q: If Jackson deposits $60 at the end of each month in a savings account earning interest at a rate of…

A: Jackson earn 2% /year compounded monthly. Here we have to find the deposit in his saving account at…

Q: 26. If $100 was invested for 50 years. (a) How much will you have at the end of 50 years if invested…

A: a). Given,

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A:

Q: 21. A consumer loan of P35,000 is to be paid in 36 months at 10% compounded monthly. What isthe…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: 7. How much interest do you earn by investing $375,500 for six months into an account paying 4.0%…

A: Given, P= $375500 t= 6 months= 0.5 years r= 4%= 0.04 Compounded monthly  Therefore,  n= 12

Q: A personal account earmarked as a retirement supplement contains $342,400. Suppose $300,000 is used…

A: Given that: PV = present value of the annuity = $300,000 P = Payment per period =$6500 i = interest…

Q: A college wants to provide students with a perpetual scholarship of $3,000 at the end of every…

A:

Q: 7. You have $750,000 at retirement and you want to draw interest only to live on. How much can you…

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Q: How much must be deposited at the beginning of each year in an account that pays 4%, compounded…

A: First we calculate for ends of 1st and 2nd year then find a general formula.

Q: How much money should be invested in an account that earns 9% interest, compounded quarterly, in…

A:

Q: A personal account earmarked as a retirement supplement contains $292,200. Suppose $250,000 is used…

A:

Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

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Q: How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A:

Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: A bank offered 1.5% interest on accounts compounded monthly. (a) how much would deposit of $200 be…

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Q: 1.Martha invest $8500 at an annual rate of 5% compounded quarterly per year. How much money will she…

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Q: A sum of $3,000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

A: using compound interest formula and  log properties to solve this

Q: A credit card offers a borrowing rate of 18% compounded daily. What is the effective rate as a…

A: Note that: Effective rate =1+inn-1 where i is the interest rate and n is the number of periods Here,…

Q: What is the amount of money (P) that must be deposited in an account that pays 1% annual interest,…

A: