31 82 Q3: June Cleaver needs $2,000 in 7 years' time so she can enroll in a review course in mathematics offered by Algonquin College. She can earn 9% compounded monthly at a small financial institution. How 33 much must June deposit now to have $2,000 in 7 years? 34 CLR 10 L11 Obj.3

Q: 2. Kelly plans to deposit her graduation money into an account and leave it there for 4 years while…

A:

Q: A) Allison wants to save money for a vacation she's planning on taking in 6 years. she deposits $15…

A:

Q: During four years of college, Nolan MacGregor's student loans are $4,000, $3,500, $4,400, and…

A: a) Given that the loan for four years is $4,000, $3,500, $4,400, and $5,000.Also the freshman year…

Q: Ingrid wants to buy a $19,000 car in 8 years. How much money must she deposit at the end of each…

A: See the solution.

Q: 65. Jamal wants to save $54,000 for a down payment on a home. How much will he need to invest in an…

A: According to the question, Jamal wants to save = A = $54000 Rate (r) = 8.2% Time period (t) = 5…

Q: 3. Brandon bought a government savings bond for $1,100. He was told that when the bond can be cashed…

A: Since you have posted multiple questions, as per our policy we will answer first question. Please…

Q: 8. SELF-EMPLOYMENT Janet Becker wishes to start her Own day-care business in her home in 4 years and…

A: Given Janet Becker wishes to start her own day care business in her home in 4 years and estimated…

Q: Sharlene opened a new account and deposited $6,000. - The bank pays 5.5% interest compounded…

A: We have to find the amount in her account at the end of 5 years

Q: 8. Robert borrows $4250 at 8.4%/a, compounded monthly, for 4 years. How much money does Robert have…

A: Given query is to find the amount to be paid by Robert.

Q: 4. Mike wants to invest money every month for 30 years. He would like to have $500000 at the end of…

A:

Q: Theresa borrowed $3226.00 compounded annually to help finance her education She contracted to repay…

A: To solve the following problem

Q: 5. Gary invested $15 000 in a plan that paid 2.5 % per year, compounded quarterly, for 2 years. At…

A:

Q: nvests $8,000 into an account at an annual rate of 0.45% simple interest for 24 months. 1) What is…

A:

Q: 5. You deposited P65 200 in the bank that earns P15 850 at the end of 5 years, at what interest rate…

A:

Q: 10. Pedro won a prize of $30 000. He has decided to invest in an account paying 3.25% per annum,…

A: We will use compound interest formulae to find solution to the problem .

Q: Debra wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 2.4%…

A:

Q: A certain account pays 4.68% interest, compounded weekly. Jenelyn wishes to invest money into this…

A: Given that, A certain account pays 4.68% interest, compounded weekly. Jenelyn wishes to invest money…

Q: 12. Joshua has $59,000 to invest at Bank Wonderful. His account will earn 11% compounded annually.…

A: The given principal value P = $ 59,000 Interest rate r = 11% annually Time t = 2 years

Q: 10. Harpreet receives a financial gift from her grandparents, which she invests at an interest rate…

A: Let the worth of the investment be P therefore,  use the formula A=P1+rnnt where A is the amount…

Q: 7. Holden borrowed $450 from his sister and 8 months later paid her $550. If interest was compounded…

A:

Q: tỏ havé $50 Suppose you want to have $500,000 for retirement in 20 years. Your account earns 9%…

A: (a) future value =$5000000 compound interest=9%                period=20 years to find the deposit…

Q: Ahmed deposited a mount of money at 2% annual interest, compounded annually. After 5 years he has…

A:

Q: 10. Monica is depositing $4,500 into a savings with a simple annual interest rate of 4 %% After 6…

A:

Q: Jane Adele deposits $1,400 in an account at the beginning of each 3-month period for 12 years. If…

A:

Q: 7. Mohammed spent $800 on his credit card. His credit card company charged 18% compounded monthly.…

A:

Q: se the Buying a Car information above to answer this estion. uppose you make a down payment of 18%…

A:

Q: 8. Milena plans to invest $8000 in a mutual fund for 2 years. She has two choices. Plan A: 5.5% per…

A:

Q: You would like to have $800,000 when you retire in 40 years. How much should you invest each quarter…

A: Given that: Future value of annuity = $800000 Interest rate = 5.2% compounded quarterly. Time = 40…

Q: Sonny invests $8,000 into an account earning 7.5%.  He leaves it there for 5 years.  What is Sonny’s…

A: Topic= Algebra

Q: 6. Ling borrowed $1500 for her university expenses. She plans to pay back the amount owed after 6…

A:

Q: 3. You are about to enter the 12th grade so mom says need a savings account. She helps you to invest…

A:

Q: 13. Juan borrowed $27,000 from a bank to purchase a car. If he borrows the money at 4.15% interest…

A:

Q: Clarissa saved RM17,500 in a bank account which offers an interest rate of 6.3% compounded monthly.…

A: The amount given is 17500 The rate is 6.3 The formula for compound interest is, After 4 years 7…

Q: Jim Jones, is an owner of a Burger King Restaurant.  He assumes that this restaurant will need a new…

A: There are 4 quarters in a year.  Amount received after 7 years is:  9000=P1+R/4100t×49000…

Q: 3. P5000 is invested for a period of some years at a rate of 7%, compounded monthly. At the end of…

A: P5000 is invested for a period of some years at a rate of 7%, compounded monthly. At the end of the…

Q: Nicolas deposited $800 into an account that pays 3.48% annual interest compounded quarterly. The…

A: Percent increase formula: - The difference between the end value and the original value, stated as a…

Q: 5. Joe borrowed $700 from his parents to buy an iphone. They charged him 2.5% simple interest. He…

A: 5. Joe borrowed $700 from his parents to buy an iPhone. They charged him 2.5% simple interest and he…

Q: 8. Pedro invested $150 every month into an account with 4.6% annual interest, compounded monthly,…

A: (a) The formula to find the value of the investment after the investment period is A = P 1+rnnt-1rn…

Q: 3 (b) Rana wants to pay £6000 for the wedding. She paid £5000 into a savings account 6 years ago.…

A: Introduction: In every financial institution, when someone given or lend money, there is an interest…

Q: Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded…

A:

Q: c) Martha invests N$1000 in a Unit-Trust account at an annual interest rate of 7.5%. How much money…

A: For compounded monthly ,Amount=P1+R1212xtwhere t is the time in yearsR is the rate .

Q: Joud deposited $1,650 in an investment account that earns 5% simple interest rate every year. On the…

A: Interest calculation problem.....

Q: Sam invests $2,000 in an account with an interest rate of 6.7% compounded annually for 3 years. What…

A:

Q: 2. You decide to buy a boat that costs $8200. The normal depreciation 14% per year. How much will…

A:

Q: Jace is trying to determine how to invest $1,234.56 that he inherited from his cousin Elijah.  He…

A: Given that  Invest amount P=$1234.56 Saving account interest rate r=3.95% compounded annually. Time…

Q: 8. Saving account. Bernie invested a sum of money 5 years ago in a savings account, which has since…

A:

Q: рaymen pounded monthly? iuans zird 31. How long will an account worth $2.2 million provide $10,000…

A: Here we solve the given problem of Algebra.

Q: Qз A retailer bought several pairs of jeans for $75,000. He sold all but 30 pairs for $86,400 making…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: You deposit $3000 each year into an account earning 6% interest compounded annually. How much will…

A:

Q: - Tony wants to buy a sCooter that costs $1500. He deposits $1000 in a bank that pays 7.5% interest…

A: