7. Oluwatoyin buys a $5500 investment certificate that pays 5.35% simple interest per year. How much more would the investment earn in 3 years if it were invested at the same interest rate, compounded monthly? I

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. 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: 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: hoi Home Repair needs to accumulate $26,000 in 6 years to purchase new equipment. What sinking fund…

A: .

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: 3. Rachel deposited $6,000 into a savings account that pays 4.75% compounded quarterly. How much…

A: 3.

Q: Someone decides to invest $13,000 in a money market fund that guarantees a 6.3% annual interest rate…

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Q: 19. Diana put $8000 in a 10-year CD paying 5% interest compounded monthly. After 2 years, she…

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Q: If the market value of a telecommunications share is $299.70, calculate the year-end dividends that…

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

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

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

A:

Q: If Nerissa’s savings deposit yields 5%compounded quarterly, should shechange her investment to a…

A: According to the question we have to check the net multiplying factor.

Q: a) Determine the simple interest rate at which $10,000 will grow to $10,500 in 10 months.

A: Compound interest is the interest on the interest. When the interest is compounded, then the formula…

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

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Q: A) if you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be…

A: As per the company guidelines i am solving the first question please resubmit the question for…

Q: 17. Dennis just inherited $10,000 from a distant relative who passed away. After spending $2,000 on…

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Q: 2 Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the…

A: Given:-             Harry paid $250,000 for a 15-year indexed annuity in which the monthlypayments…

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

A:

Q: 8. What amount of money is equivalent to receiving $5000 two years from today, if interest is…

A: $5000 two years from today, interest is compounded quarterly at the rate of 2.5 per quarter

Q: 7. An investment account pays 3.9% interest compounded semi-annually. If $4,000 is invested in this…

A: We are given,Principal P = $4000Rate , r = 3.9% = 0.039Interest is compounded semi-annually then ,…

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: 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: 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: 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 $27,000, 7% bond redeemable at par with interest payable annually is bought 9 years before…

A:

Q: A person wants to invest $11,000 for 3 years and is considering two different investments. The first…

A: Given,  a person wants to invest $11, 000 for 3 years and is considering two different investments.…

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: 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: 9)A retirement account is opened with an initial deposit of $ 10,000 and earns 6 % interest…

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

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Q: How much money has to be invested today in a security that promises to pay 7500 Omani Riyals at the…

A:

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: How much should be invested in an account paying 9% compounded daily for it to accumulate to $5,000…

A: How much should be invested in an account paying 9% compounded daily for it toaccumulate to $5,000…

Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

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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: 1. A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is…

A: Multiple questions-"As per our guidelines we are suppose to answer only one question.Kindly re-post…

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: 2. A Php1,000,000-trust fund was set up and to be used by an 8-year old nephew when he goes to…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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

A:

Q: Suppose that you drive 40,000 miles per year and gas averages $4 per gallon. a. What will you save…

A: Given that you drive 40,000 miles per year and gas averages $4 per gallon.

Q: 14. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A:

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…