5. Carol deposits $1000 into an account with annual yield of 5.4% compounded quarterly and $600 into an account with an annual yield of 4.2% compounded monthly. How long will it take for the amount in both accounts to be equal?

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

A:

Q: Robin, who is self-employed, contributes $5,500/year into a Keogh account. How much will he have in…

A:

Q: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

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: What sum must be deposited today at 8 percent per year compounded annually if the goal is to have a…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

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

A:

Q: /2. Jimmy invests $4,000 in an account that pays 2% annual interest, compounded semi-annually. What…

A: 2. The principal amount, P = $4000 Rate of interest, r=2%=0.02 The number of times the interest…

Q: 18. To what amount will $10,000 grow after 25 years if it earns: a. 4% compounded annually? b. 4%…

A: Topic = Algebra As per guidelines , At a time only one question with three sub-parts can be…

Q: (a) If $1000 is invested at 5% compounded monthly, howmuch is there after 8 months?(b) If you want…

A: Given:         Amout of compound interest is given by,A=P1+rnntWhere,A= amount, P= initial amount,r=…

Q: If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D) monthly;…

A:

Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

A:

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: How much should Rebecca have in a savings account that is earning 3.50% compounded semi-annually, if…

A:

Q: Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is…

A: The principal amount Evelyn is going to invest is:  $3,500 Time period:  t = 16 years Interest is…

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

A:

Q: c. Suppose that you had the opportunity of investing $5000 in a business such that the value of the…

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

Q: Against expert advice, you begin your retirement savings at age 40. You plan on retiring at age 65.…

A: Recall that the annunity formula is given byPn = d(1+r1212n -1r12Where d is the monthly deposit…

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

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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: Knowing he has cancer, Dier has created a fund to provide an annual scholarship to his children of…

A: we have given the type of ''increasing annuity'. Now, According to given information: Annual…

Q: s) How much should be invested now so that in 10 years there will be $7,000 in an punt that offer a…

A:

Q: 1) Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded 2…

A:

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: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

A: Given that ,principal amount that investedP=$25,000the rate of interest r=5%=5100=0.05time in…

Q: Allison is 28 years old and plans to retire at age 65 with ​$530,000 in her retirement account.…

A: Let the principal amount be P He retires at an age of 65, that is, in 37 years from the date of…

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

A: As per company guidelines we are allowed to solve one question at a time so i am solving first one…

Q: Abby and George are setting up a college fund for their newborn daughter and want to have $150,000…

A: Use compound interest formula

Q: (a) If $1,000 is irvested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

A:

Q: Atticus college predicts that in 18 years it will take $250,000 to attend college for 4 years.…

A:

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: Compared to retirement savings options and answer the following questions. Poly deposits $300 per…

A: A) PN=Balance in the account after N years N=number of years=65-25=40  d=monthly deposit amount=…

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

A:

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 sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

A:

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

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 long would it take for an investor to double his money at 10% interest per year, compounded…

A:

Q: 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How…

A: There are multiple question, As per company policy ask other question separately . P = initial…

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 couple believes they can afford a monthly house payment of $1,700 and would like a 30-year…

A:

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: Solve the following problems on compound interest. 2. Jenny is planning to deposit P17,000.00 Quezon…

A:

Q: Find the time required for an investment to triple in value if invested in an account paying 4%…

A: A=P1+rnntP is the amount investedA is the amount after t years.r is the rate of interestn=12 for…

Q: Amanda’s credit card APR is 19.77% compounded daily. What is her actual interest rate per year?…

A: the credit card compounds the interest in daily basis with a rate of interest as 19.77%

Q: b. Suppose you as a businessman leave an initial amount of $600 in a savings account at an annual…

A:

Q: you want to retire with $1,500,000 in 40 years and can earn a rate of 10.8% with monthly…

A: We can find pmt using Excel .

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

A:

Q: An insurance policy offers you the option of being paid $750 per month for 20 years or a lump sum of…

A: