7. Catherine has invested $25,000 in an account that pays 8.4% compounded monthly. How long will it take before she has $45,000 in this account?

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

A:

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

A:

Q: Tony Ring wants to attend Northeast College. If he deposits $34,507 today, how much will he have 4…

A: Given Principal amount = $34,507 Interest rate = 12% compounded semiannually Time = 4 years

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: 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: Jasica Parker would like to have $75,000 to buy a new car in 6 years. To accumulate $75,000 in 6…

A: Solution :-

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: (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: What lump sum do parents need to deposit in an account earning 15%, compounded monthly, so that it…

A: Given:F.V=100,000r=15%t=18years

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

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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: 5. If you deposited $1500 into an account that paid 2% interest, compounded monthly, what would be…

A: Please refer to the image below

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…

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Q: If you retire at the age of 65 with $1,000,000 sitting in an account that pays 9% p.a interest…

A:

Q: Jasica Parker would like to have $95,000 to buy a new car in 6 years. To accumulate $95,000 in 6…

A: Given data: Amount Jessica would like to have=$95,000 Number of years =6 Annual rate of interest of…

Q: Jasica Parker would like to have $33,000 to buy a new car in 8 years. To accumulate $33,000 in 8…

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

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

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Q: In order to help pay for college, the grandparents of a child invest $1,650 in a bond that pays 1.5%…

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Q: What will the final amount be in 1 1/2 year if P8,000 is invested at 9.2% compounded monthly.?

A: Given that : Principle = $8000 Rate = 9.2 % per year = 9.2% / 12 per month Time = 1 (1/2) year = 18…

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.…

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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…

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Q: With a present value of $135,000, what is the size of the withdrawals that can be made at the end of…

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

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

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

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Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

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

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Q: Checking Homework. Show Work.

A:

Q: 2.) Laura wants to accumulate $150,000 in her bank account by depositing $1000 at the beginning of…

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

A: For compunded monthly, we have take n value as 12.

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

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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: Is it true that if maxine deposited 1000 dollars into an account that pays 4.5% intrest , compounded…

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

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Q: Jasica Parker would like to have $26,000 to buy a new car in 7 years. To accumulate $26,000 in 7…

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

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Q: 17. An account with an initial deposit of $ 6,500 earns 7.2% annual interest, compounded annually.…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.