3. Mrs. Chambers wants to have a total of $6,000 in two years so that she can travel around the U.S. during summer vacation. Suppose she finds an account that pays 3.25% interest compounded continuously. How much should Mrs. Chambers put into this account so that she'lI have $6,000 at the end of two years? Show your work/set-up!! Round to the nearest cent. Again, do not use commas or $ in the #'s.

Q: Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: The amount of deposit = P 17,000 Rate of interest = 7.5% compounded semi-annually  Time period = 5…

Q: A $5000 Mauranol, Inc., corporate bond matures in 10 years and has a coupon rate of 7.2% paid…

A: Hi, thank you for the question. Since you have posted a question with multiple sub parts as per our…

Q: 1. Mr. Robert deposits P30,000 in National Bank for 3 years which earn him an interest of 2.8% per…

A: The compound interest formula is given by the equation A=P1+rnnt. Here, A is the accrued amount…

Q: 14. If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would to save…

A:

Q: A business sets up a sinking fund so they will have a $51,000.00 to pay for a replacement piece of…

A: We will find out the required value.

Q: Jim places $10,000 in a bank account that pays 5.8% compounded continuously. After 2 years, will he…

A: Initial amount = P= 10000Interest rate = r= 5.8% = 0.058Time = t= 2 yearsWe use continuous compound…

Q: Suppose that Charles has $75000 to invest. He finds that Company A is offering a 2.51% APY, Company…

A:

Q: Assume that you can earn 6% on an investment, compounded daily. Which of the following options would…

A:

Q: Jim places $10,000 in a bank account that pays 8.7% compounded continuously. After 2 years, will he…

A: P0=$10,000t=2 yearsr=8.7100 (first bank)

Q: 6) How much does Leo need to invest each quarter in order to have a total of $500,000 in 25 years at…

A:

Q: A personal account earmarked as a retirement supplement contains $242,100, Suppose $200,000 is used…

A:

Q: The AMD investment company has advertised a new Mutual Fund  that has advertised to pay 10 %…

A: new Mutual Fund that has advertised to pay 10 % compounded continuously. Bob invested $ 8,500 in the…

Q: Mrs. RF wants to provide a 200,000 graduation gift for her daughter Angel. She is now 16 yrs. old,…

A:

Q: To help with a down payment on a home, Henry is going to invest. Assuming an interest rate of 1.65%…

A:

Q: company wants to have $40,000 at the beginning of each 6-month period for the next 4 1/2 years. If…

A:

Q: Suppose that Patty's husband delays starting an IRA for the first 10 years he works but then makes…

A:

Q: 4. What initial investment would result in $20.000 after 12 years if the interest rate is 3.6% and…

A:

Q: 4. Leah is also planning to make annual contributions to an investment account that pays 4.5% annual…

A: . Leah is also planning to make annual contributions to an investment account that pays 4.5% annual…

Q: If an apartment complex will need painting in 2 1 2 years and the job will cost $135,000, what…

A:

Q: If the interest is compounded quarterly the borrower owes (1+a/4 )^4 at the end of year Where a is…

A: We can answer the question as below

Q: u are considering taking out a loan of $20,000 that would be paid back over seven years with monthly…

A: Given: Loan amount = $ 20, 000 Monthly paid amount  = $ 289.30 over 7 years interest rate = 5.7%…

Q: Question 3 Nkechi has $8,000 that she wants to invest. Her bank has several investment accounts to…

A:

Q: 1) At what simple interest rate per annum will P35,500 accumulate to P61,000.00 in 6 years and 9…

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

Q: Suppose that Patty's husband delays starting an IRA for the first 10 years he works but then makes…

A: Solution

Q: 3)if a child is given $25,000 at birth and that amount is invested at 9% annual interest, at what…

A:

Q: Jackson deposits $50 at the end of each month in a savings account earning interest at a rate of…

A: Saving plan Formula :F=PMT1+rnnt-1rnwhere F = future valuePMT = Periodic paymentr = annual…

Q: A sinking fund is established by working couple so that they will have $60,000 to pay for part of…

A: We know that if a periodic payment R is made for n periods at an interest rate i per period,the…

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: Jim places $10,000 in a bank account that pays 12.7% compounded continuously. After 2 years, will he…

A:

Q: A1 You hold a short position in an asset with a price of $50 and write a 6-month put (exercise price…

A:

Q: Suppose an individual makes an initial investment of $2,600 in an account that earns 7.8%,…

A: Consider the given information, Initial investment is $2,600 Interest rate is 7.8% Number of periods…

Q: Checking Homework. Show Work.

A:

Q: (a) Patty Stacey deposits $2400 at the end of each of 5 years in an IRA. If she leaves the money…

A:

Q: Chapter 9.2, Question 6 If Shanta deposited $2800 in an investment fund that was earning 5.5%…

A:

Q: 3. Abigail wants to save $15,000 to buy a car in seven years. If she deposits $10,000 into an…

A: Continuously compounded interest is interest that is computed on the initial principal amount, as…

Q: A person wants to deposit $30,000 per year for 15 years. If interest is eamed at the rate of 16% per…

A: Given information: P=30,000 T=15 year R=16% Consider P is the principle, T is the time, R is the…

Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

A: Consider the formula for compound interest: F=P1+rnnt

Q: (a) Patty Stacey deposits $1600 at the end of each of 5 years in an IRA. If she leaves the money…

A: Consider the provided question, Hi, since you have asked multiple questions, we will solve the first…

Q: 7. Suppose that in 1880, one of your ancestors invested $46 compounded semi-annually at 6.5%. If…

A:

Q: The First National Bank is offering a 4 year certificate of deposit (CD) at 4% interest compounded…

A: Given, the First Bank (B1) is offering a 4-year certificate of deposit (CD) at 4% interest…

Q: enl jevo neol airli no begnerio leenelni lo Inuoms ert stsluola b Nicole borrowed $32,000 from a…

A:

Q: 3. Mr. Greg Greedy deposits GHC56,000 into his savings account at Fairview Bank which attracts an…

A:

Q: 14) Southwest Dry Cleaners believes that it will need new equipment in 5 years. The equipment will…

A: Recall the following fact.

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

A:

Q: When I was considering what to do with the $15,000 proceeds from my sale of technology stock, my…

A: Given: The half of the amount of $15000 invested at a rate of 8.5% per year and other half is…

Q: Suppose an individual makes an initial investment of $1,000 in an account that earns 7.8%,…

A: Given :  an individual makes an initial investment of $1,000 in an account that earns 7.8%,…

Q: Question 4 Priscilla invested $20,000 at a rate of 12% over 5 years. Much to her surprise, he…

A:

Q: If the interest is compounded quarterly the borrower owes (1+a/4 )^4 at the end of year Where a is…

A: