23. A couple decides to invest $450 each quarter in a savings account that earns 3.6% compounded quarterly. How much will be in the account in 10 years from now?

Q: 12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What will be…

A: Given deposited amount =$3000 , rate =5% and time 10 year We have to find value of CD after 10 year

Q: 18. Rommel borrows P20,700 and promised to pay the principal and interest at 12.5% compounded…

A: The formula for the amount using compound interest is A=p(1+rn)nt. Here, p is the principal, r is…

Q: 4. If you pay P50.00 at the end of each month for 40 years on account that pays interest at 10%…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: 3. Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: From the given information, it is observed that P = $1000, r = 7.2% = 0.072, and t = 5 years. Note…

Q: b) Suppose that the amount in an account 3 years after being invested at 7% is $6050. What was the…

A: A=P1+rtr=rate p= principal amountA = amoiunt

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: Here, we need to find the amount we deposit at the end of each month into an investment account that…

Q: 11. In how many years will P6,500 accumulate to P10,000 if it is invested at 12% compounded…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: How much should Michelle have in a savings account that is earning 4.50% compounded quarterly, if he…

A: interest rate = 4.05% = 0.0405 rate at quarterly = 0.0405/4 = 0.010125 duration = 8 year  compunded…

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

A:

Q: If $28,000 is invested in an account for 25 years. Calculate the total interest earned at the end of…

A:

Q: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

A: How much money should be deposited today in an account that earns 8% compounded monthly so that it…

Q: 2. John invested P50,000.00 at an annual rate of 5% compounded yearly. Find the total amountin the…

A: Future value =PV(1+r)^t PV=50000 r=5%=0.05 t=15years

Q: Cara needs $9,000 in 11 years. What amount can she deposit at the end of each quarter at 6% interest…

A:

Q: Question: How much should be invested in a fund each month paying 2.1% interest compounded monthly…

A:

Q: 14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52…

A:

Q: 4. How much money should be invested in an account that earns 9.5% interest, compounded monthly, in…

A: We know the formula for Compound Interest ,  A = P1 + rnnt   ,  Where , A = Final amount…

Q: Sumi Kato's savings account has a balance of $1,596. After 21 years what will the amount of interest…

A:

Q: 17. Dennis just inherited $10,000 from a distant relative who passed away. After spending $2,000 on…

A:

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

A:

Q: 7. Catherine has invested $25,000 in an account that pays 8.4% compounded monthly. How long will it…

A: Principal (P)= $25000 Rate of interest (r)= 8.4%= 0.084 n=12 (since compounded monthly) Let time be…

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

A:

Q: John Lee's savings account has a balance of $1,251.00. After 5 years, what will the amount of…

A:

Q: 8. What amount of money is equivalent to receiving $5000 two years from today, if interest is…

A: $5000 two years from today, interest is compounded quarterly at the rate of 2.5 per quarter

Q: Allison is 28 years old and plans to retire at age 65 with ​$530,000 in her retirement account.…

A: Let the principal amount be P He retires at an age of 65, that is, in 37 years from the date of…

Q: An investment company pays 4% compounded semi annually. Do you want to have 24,000 in the future.…

A: Given values:

Q: Mary Smith invested $25000 in a 48 month certificate of deposit (CD) that earned 8.5% annual simple…

A:

Q: Allison is 34 years old and plans to retire at age 65 with ​$1,380,000 in her retirement account.…

A: Given: Final amount is $1,380,000 Interest is 4% that is compounding daily Time is 31 years (from…

Q: 5. Lucy wants to have $18 000 in her account 3 years from now to buy a car. How much must she invest…

A: Target (T) = $18000  Time (N) = 3 years  =  36 months Annual intrest percentage = 7.2% per annum…

Q: If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded…

A:

Q: What amount should a person deposit today in a bank investment that pays 1.13% per month compounded…

A: Let the current funds deposited be X. Now expressing the question as an equation  Current…

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: Jane Roznowski wants to invest some money now to buy a tractor in the future. If she wants to have…

A:

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: Checking Homework. Show Work.

A:

Q: A family wants to have a $180,000 college fund for their children at the end of 18 years. What…

A:

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

A:

Q: 5. How long will it take an account paying 6% annual interest to double if it is compounded monthly?

A: Compound interest is the summation of the interests to the principal amount which has been deposited…

Q: Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to…

A: Here we need to apply the concept of compound interest compounded monthly

Q: 2. Will wants to set up an account to be used for travel when he retires in 30 years. He is able to…

A: According to the company policy, we can answer only first question

Q: Find the time required for an investment to triple in value if invested in an account paying 4%…

A: A=P1+rnntP is the amount investedA is the amount after t years.r is the rate of interestn=12 for…

Q: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…

A: Here P=50,000 F V=100,000 r=9%=0.09 n=4

Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

A:

Q: How much should you set aside and invest in a fund earning 9% compounded quarterly if you want to…

A: We need to find the amount of money that must be invested to accumulate P200,000 in 3 years and 3…

Q: 15. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple…

A:

Q: 2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: 4. a. Suppose that betwee 401(k) and your employer 8.3%compounded annually dollar, after 18 years?

A:

Q: 7. If you invest $3200 at 3.5% compounded monthly how much will you have at the end of 4 years?

A:

Q: How much will deposits of $35 made at the end of each month amount to after 15 years if interest is…

A:

Q: 17. An account with an initial deposit of $ 6,500 earns 7.2% annual interest, compounded annually.…

A:

Q: 18. Alphonse is going to put $2500 in an interest bearing account that pays 3% interest and leave it…

A: