5. Betty invests $5700 at 4.25 % annual interest compounded semi- annually for 3 years, and $6000 at 4.25 % annual interest compounded quarterly for 3 years. a. Which investment earns more money?

Q: Jessica Parker would like to have 79,000 to buy a new car in 5 years. To accumulate 79,000 in 5…

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

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Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

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Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: 18. Rommel borrows P20,700 and promised to pay the principal and interest at 12.5% compounded…

A: The formula for the amount using compound interest is A=p(1+rn)nt. Here, p is the principal, r is…

Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…

A: According to the question: Given   that,Rater=18  %=18100=0.18Compounded  monthly⇒n=12A=50000Time…

Q: 6. How much more money would you have by investing $100,000 for 1 year into an account paying 4.2%…

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Q: Ms. Newman had a P55,000 business loan that is to be paid in 8 months. If interest  rate is 12%…

A: Note: As per company guidelines we are supposed to solve only 1 question. So, kindly repost other…

Q: 44. If you invest $10,400 in the United States, and the interest is compounded monthly, when, to the…

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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: 11. In how many years will P6,500 accumulate to P10,000 if it is invested at 12% compounded…

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

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

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Q: 9. If 8000 dollars is invested in a bank account at an interest rate of 6 per cent per year,…

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Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

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 that $7,000 is invested at 4%, compounded semiannually. How much is in the account at the…

A: Amount for compound interest:If P amount of money is invested for t years at r% rate of interest…

Q: What offer is more convenient for a factory salesperson, if the money can be invested at 10%…

A: Given:-             Rate of annual interest = 10% compounded monthly            Rate of monthly…

Q: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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

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Q: 2. If P6,780.00 is invested for ten years at an annual rate of 8% compounded semi-quarterly.…

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Q: If a certain amount is invested at 8% compounded quarterly for 5 years and 6 months, what is the…

A: Given: Interest = 8% compounded quaterly Time = 5years and 6 months. We have to determine total…

Q: OHigginsBooks.com can afford to pay only $3,100 per month to service its debt. What, to the nearest…

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Q: If a deposit is made for OMR 4,500 at 5% interest compounded half yearly, how much money would be in…

A: In the question we have to calculate the money after 5 years.

Q: 7. Catherine has invested $25,000 in an account that pays 8.4% compounded monthly. How long will it…

A: Principal (P)= $25000 Rate of interest (r)= 8.4%= 0.084 n=12 (since compounded monthly) Let time be…

Q: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…

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

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Q: 4. In how many years is required for P4,000 to increase by P9,000 if interest is at 11% compounded…

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

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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: Harry is 30 years old and plans to retire at age 70 years with $1,200,000 in his retirement account.…

A: We have given A=$1,200,000  ,r=2.75% t=70-30=40 years compounded quartly (n)=4we know the formula…

Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

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

A: Compound interest

Q: If a lender charges 12% interest, compounded quarterly, what effective annual interest rate is the…

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Q: In how many years will the amount of 10000 triple if invested at an interest rate of 10% compounded…

A: We will find out the required time.

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

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

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Q: 31. What rate of interest compounded annually is required to double an investment in 3 years? How

A: Suppose A be the amount, P be the principal, r be the rate of interest and t be the time for n times…

Q: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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Q: 9) If Juan invests $7,000 at 6% annual interest rate compounded semi-annually Tor 12 years, how much…

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Q: 1. You can make a one-year investment at 7.8% compounded monthly, or 8.1 %compounded semi-annually.…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

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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?

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Q: 9. (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at…

A: To find how much should a mother invest at the time her son is born to provide himwith $80,000 at…

Q: 4. Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years,…

A: Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years, compounded…