5. At the end of 6 years, after being charged interest at 0.8% per year, compounded weekly, Cliff had to pay back $7973.67 on a loan. How much did Cliff borrow? How much interest did he pay?

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

A:

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

A: Solution

Q: (d) Gabrielle needs $200,000 in eight years. She has set up a sinking fund that earns 5% compounded…

A: Find your answer below

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: 3. A monthly deposit of P2,000.00 was made at 12% compounded semi annually. How many years will the…

A: Hi, since you have asked multiple questions, we will solve the first question for you. If want any…

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: 13. If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A: Given: Frank invests $11,400 at 3.7% interest compounded quarterly. To find: Investment's worth in 9…

Q: You receive a loan of $22,000 for 24 months at 5.2% compounded semiannually? How much interest is…

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: (b) If $2000 is invested today at 8% compounded quarterly, how much would it be worth in 2030? 2022…

A: b) Given : r=8% = 0.08     P = $2000     n = 4 ( quarterly )     t = 2030 - 2022 = 8 years  So…

Q: Suppose you purchase a car and you are going to finance $14,000 for 48 months at an APR of 6.6%…

A: Given:  Finance amount (P)=$14,000             Time (t)= 48 months= 4 years             Interest…

Q: How much must be deposited now to withdraw $4,000 at the end of each year for 20 years if interest…

A: Calculate the present value of an ordinary annuity by using tables use the following steps. Step 1.…

Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A: Given:

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

A:

Q: 6. How much should you deposit at the end of each month into an IRA that pays 5.5% compounded…

A:

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

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: How much will you need to invest today in an account paying 7% compounding quarterly to have $10,000…

A:

Q: 14. Jeanine plans to deposit $875 quarterly for 3 years, into an account. With an interest rate of…

A:

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

A:

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

A:

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A: amount must be set aside now to generate payments of $20,000 at the beginning of each year for the…

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: 3. Find the compound amount and interest on P1, 500 at the end of 35 years and 9 months, if the…

A: Question number 3 has been solved as per the requirement of the student.

Q: An employee wants to retire and receive 5 000 a month. She wants to pass this monthly payment to…

A: The provided information is  A=5000 i=8%=0.08 The the formula for perpetuity is  P=AiA=the interest…

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

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

Q: 3. I want to save $5,000 for a down payment on a car. To the nearest dollar, how much will I need to…

A:

Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

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

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: How much shoulda parent invest at the beginning, at 8% interest compounded quarterly, to withdraw $…

A:

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

A:

Q: A student takes out a college loan of $4000 at an annual percentage rate of 6%, compounded monthly.…

A:

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 student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

A:

Q: Sarah deposited $15,000 in an investment fund that was growing at a rate of 3.00% compounded…

A: Please refer to the image below

Q: 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years…

A:

Q: How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balance…

A:

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

A:

Q: 4. Amal wants to have $40000 available for a down payment on a house in 10 years. How much should…

A: Since you have asked multiple questions in a single request so we will be answering only first…

Q: A student takes out a college loan of $6000 at an annual percentage rate of 3%, compounded monthly.…

A:

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

A: According to the question, we have the data set: Interest rate= 3.2 % = 0.032  n= 4 (amount is…

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A:

Q: A student takes out a college loan of $6000 at an annual percentage rate of 5%, compounded monthly.…

A: GIVEN: Student takes out a college loan of $6000 Rate = 5% monthly