9. (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at age 21? Assume that the interest is 7% compounded quarterly.

Q: What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 22…

A:

Q: What is the discounted value of ​$1164.00paid at the end of every month for 9 years if interest is…

A:

Q: 3. Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: From the given information, it is observed that P = $1000, r = 7.2% = 0.072, and t = 5 years. Note…

Q: What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per annum?

A:

Q: A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After…

A: we know the formula of future value  FV=PMT(1+i)n-1i where PMT - perodic payment  i - discount rate…

Q: at what rate of interest compounded semi-annually will 21,590.00 accumulated to 26,900.00 in 2 years

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: Suppose that $1000 is deposited in a savings account that pays 6% per annum, compounded quarterly.…

A: Given: Initial deposit is 1000 dollars i.e. P=1000  dollars Rate of interest per year is 6% i.e.…

Q: earns 8%, compounded quarterly, and makes additional deposits of $500 at the end of each quarter for…

A:

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

A:

Q: A firm must pay off $40,000 worth of bonds in 7 years.(a) Find the amount of each annual payment to…

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Q: A company wants to have $200,000 available in 3 years for new construction. How much should be…

A: topic - application of geometric progression

Q: 2. A car is being sold for P15,000 per month for 10 years at a monthly interest rate of 10%. Find…

A:

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

A:

Q: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: Suppose that when your friend was born, your friend's parents deposited $9000 in an account paying…

A: Formula for compound interest is as below  P = $ 9000 r = 3.2 % = 0.032 t = 17 n = compound period…

Q: 3. What amount must be invested now in savings account earnings 996 compounded quarterly to…

A:

Q: Suppose a young couple deposits $800 at the end of each quarter in an account that earns 7.8%,…

A: Calculation: Since the deposits is made quaterly, the total number of periods for the first 3 years…

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

A:

Q: 9. Suppose that $20,000 is deposited into an account that earns 4% interest annually. Find the…

A: For this problem, principal amount is given as $20000, time t=10 years.

Q: 2. What equal payments at the beginning of each 2 months for 4 years will discharge a debt of P 18o,…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: 3. At what annual interest rate compounded semi-annually will a certain amouht triple nsen in 20…

A:

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: Suppose that a principal of $1000 accumulated to $1454 over a period of 5 years. Determine the…

A: The formula for compounded amount is given by, A=P1+R/n100nt  where, P: Principal value R: Rate of…

Q: Suppose you invest $170 a month for 3 years into an account earning 8% compounded monthly. After 3…

A: Given that you invest $170 a month for 3 years into an account earning 8% compounded monthly. After…

Q: 7. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A: Note: We will answer the first question only as the exact one is not specified. Please resubmit the…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

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Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

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Q: If Tanisha has 1,000 to invest at 8% per annum compounded quarterly, how long will it be before…

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

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Q: 1) Pranav invests $2,310 in a savings account with a fixed annual interest rate of 7% compounded 12…

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Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: At what interest rate will a principal of P9,500 accumulate to P15,000 in 2 years noounded…

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Q: 4. Brian wishes his son to receive P500,000.00 twenty years from now. What amount should he invest…

A: Brain wishes fis son to receive P500,000.00 twenty years from now.

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 is the total amount of money that you will owe at the end of 4 years if you borrow $8500 for 4…

A: What is the total amount of money that you will owe at the end of 4 years if you borrow $8500 for 4…

Q: 4. Suppose that you would like to set up a scholarship. The fund that you set up will grow with an…

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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: What annual deposit is necessary to have $10,000 in 9 years if all the money is deposited at 1.5%…

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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: 2. Determine the regular monthly deposit required to accumulate $10,000 in 5 years at an annual…

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Q: A couple plans to invest money into an account that earns 9% interest, compounded quarterly, for…

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Q: 2. By the condition of a will, the sum of P20,000 is left to a girl to be held in a trust fund by…

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Q: How much will deposits of $35 made at the end of each month amount to after 15 years if interest is…

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

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Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: interest rate  r=8%  =0.08 1st year withdrawal=$3000 according to question, subsequent withdrawals…

Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.