4. If you pay P50.00 at the end of each month for 40 years on account that pays interest at 10% compounded monthly, how much money do you have after 40 years?

Q: Suppose mr. Sison would like to save P5,000 every month in a fund that gives 9% compounded monthly.…

A:

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: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

Q: Suppose $500 is initially placed in a savings account and $500 is deposited at the end of every…

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

A:

Q: Suppose that $1000 is deposited in a savings account that pays 6% per annum, compounded quarterly.…

A: Given: Initial deposit is 1000 dollars i.e. P=1000  dollars Rate of interest per year is 6% i.e.…

Q: 1. Mr.Joe deposited $10,000 in a savinga account at 5%. If interest is compounded monthly. What…

A: As per Bartleby guidelines, we are supposed to solve only first question if multiple questions are…

Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A:

Q: 3. If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded…

A:

Q: 5. What principal you have to deposit in a 4.5% saving account compounded monthly in order to have a…

A: Step 1: The equation for amount accumulated after n years with compound interest i is,…

Q: A company wants to have $200,000 available in 3 years for new construction. How much should be…

A: topic - application of geometric progression

Q: 17. If Joe deposits $800 in an account paying interest at an annual rate of 6% compounded quarterly,…

A:

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

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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A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…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: At the time of her​ grandson's birth, a grandmother deposits $6000 in an account that pays 2%…

A: Since you have posted multiple questions and we can answer one question. So, answered the first…

Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

A:

Q: 2. Ms. Z puts P242, 400 in a savings account that pays a set yearly interest rate of 5% compounded…

A: Let's find account balance after six years.

Q: A young couple wants to have a college fund that will pay $35,000 at the end of each half-year for 8…

A:

Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: You are considering taking out a loan of $7,000.00 that will be paid back over 12 years with…

A: To find the unpaid balance

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: If you deposit $100 in a bank account that yields an annual percentage rate (APR) of 6%, what will…

A: From the given information, the deposit amount is $ 100.Percentage rate is 6% or 0.06.

Q: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

Q: #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly.…

A: We have to find amount

Q: How much interest will you owe if you borrow $2700 for 3 years at a simple interest rate of 7%…

A: Given that  principal amount=P=$2700Time =T=3yearsrate of interest=R=7%find interest

Q: You are considering taking out a loan of $8,000.00 that will be paid back over 11 years with every 2…

A: Use the following formula to calculate the amount A on principal P when the annual rate of interest…

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: 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: 1. If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual interest…

A: Given that principle amount P= 5000 Rate of interest r = 4 Time n= 2 Compounded quarterly Amount A =…

Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

A:

Q: 9. In order to have P1 million in a fund at the end of 15 years, how much must be deposited in the…

A: Solution

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.

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Q: Ten annual installments of 65,000 pesos each starting at the end of the eleventh year from now, is…

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: 4. How much should be deposited in an account paying 7.5% interest compounded quarterly in order to…

A: Compound interest

Q: How much should Chad have in a savings account that is earning 2.75% compounded monthly, if she…

A: According to the problem, we have

Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: 2. How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: 2 Given information A=$30,000 APR=6% ⇒r=6100=0.06 Time t=10 years Since, rate of interest compounded…

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

A:

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: 4. What principal must be deposited in a 4.5% saving account compounded monthly in order to have a…

A:

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: The managers of a pension fund have invested $1.5 million in U.S. government certificates of deposit…

A:

Q: A company wants to have $240,000 available at 4 1/2 years for new construction how much must be…

A: Given A company wants to have $240,000 available at 4 1/2 years for new construction  to find how…

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

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Q: A debt of $9000 is to be amortized with 8 equal semi-annual payments. If the interest rate is 8%,…

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Q: How much would you have to pay into an account at the beginning of every six months to accumulate…

A: