3. You deposit $1200 in an account that pays 5% annual interest. After 10 years, you withdraw the money. Find the balance in the account if the interest was compounded monthly.

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 would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest…

A: To find amount need to invest per month to get $800000 after retirement

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: to find:- amount to be deposited.

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: How much would you need to deposit in an account now in order to have $5,500.00 in the account in 12…

A: Let the amount to be deposited in an account P=$x Given that the amount after 12 years is P|=$5500…

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: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A:

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: 5. If you deposited $1500 into an account that paid 2% interest, compounded monthly, what would be…

A: Please refer to the image below

Q: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…

Q: Frank Steed wants to open a camera shop. How much must he deposit now at 6% interest compounded…

A: To find the amount which should be deposited now at 6% interest compounded monthly to have $25,000…

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

A:

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

A:

Q: How much would you need to deposit in an account now in order to have $5,000.00 in the account in 13…

A:

Q: Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must…

A:

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

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: How much would you need to deposit in an account each month in order to have $30,000 in the account…

A: Given, We want to have $ 30,000 in the account in 5 years   We have to find how much we need to…

Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: 1. Cara needs $9,000 in11 years. What amount can she deposit at the end of each quarter at 6%…

A: To find: The amount can be deposited at the end of each quarter. Given information: Cara needs $9000…

Q: How much would you need to deposit in an account now in order to have 5000 in the account in 10…

A: Given data is: Amount=5000t=10 yearsr=6% compounded monthly Here, compounded monthly, therefore n=10…

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

A:

Q: A father opened a savings account for his daughter on the day she was born, depositing $1,000. Each…

A:

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A: Given: Principle amount (P)= $1,000,000 Rate of interest r=12% Time period= 20 years

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

A:

Q: How much can be paid in scholarships at the end of each year if $200 000 is deposited in a trust…

A:

Q: At age 25 you start work for a company that deposits $10,000 into aretirement account that pays a…

A: If the interest compounded monthly.  And the principal amount is $ P And monthly interest rate r%…

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: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: 2.) Laura wants to accumulate $150,000 in her bank account by depositing $1000 at the beginning of…

A: Amount=$150,000 Present value=$1000 Rate of interest =5% compounded quarterly.…

Q: How much would you need to deposit in an account now in order to have $4,500.00 in the account in 6…

A:

Q: in

A:

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Question is solved.

Q: 1. How much do you need to deposit into an account with 5.4% interest compounded monthly if you want…

A:

Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

A:

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: Suppose you want to have $300,000.00 for retirement in 35 years. You plan to make regular monthly…

A: Consider the given: FutureValue F.V.=$300,000,00time, t=35 yearsInterest, r=8%Compounded Monthly,…

Q: (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at age…

A:

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

A: Formula: A=P1+rnnt where A= Final amount P= Principal initial balance r= Rate of interest t= Time…

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

A:

Q: How much would you have to deposit in an account today to have $37 000.00 in a three-year term…

A:

Q: when you retire in 15 years. If you can earn 3%

A:

Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

A:

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old ,…

A:

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

A:

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

A: