A bank features a savings account that has an ann compounded semiannually. Ben deposits $2,500 im

Q: Find the accumulated amount if AED 6,000 is deposited at 2.5% compounded semi-annually for 5 years.…

A: Given query is to find the amount accumulated.

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $724 per month…

A: We will find out the required value.

Q: If you deposit $250 each month into an individual retirement account (IRA) that earns 4.8% interest…

A:

Q: Find the present value of an annuity if the first monthly payment ₱6,200 is made at the end of 4…

A: given monthly payment P=2600 rate of interest r=12.6% compounded monthly implies r=12.6% per year…

Q: As a result of a court settlement, an accident victim is awarded $1.5 million. The attorney takes…

A:

Q: find the present value (in dollar) of an annuity that pays $4000 at the end of each 6 month period…

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Q: Find the interest earned: $9,900 for 24 months at 7.8% annual simple interest

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Q: Find the future value of an ordinary annuity of $70 paid at the end of each quarter for 6 years, if…

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Q: In order to accumulate enough money for a down payment on a​ house, a couple deposits $373 per month…

A: Consider the given information. The future value formula is defined as. FV=PMT1+in-1i Where the…

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

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Q: What single payment today would replace a payment of $2,300 in 2 years and a payment of $4,000 in 4…

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Q: Find the final amount of money in an account if $2,000$2,000 is deposited at 2%2% interest…

A: Given data, Principal amount=$2000 Interest=2%=0.02 Compunded quarterly which means n=4 Time(t)= 5…

Q: Find the future value on a $500 savings account at 0.5% interest compounded quarterly for 15 years.…

A: Compound interest

Q: A bank offers a 12% interest to be compounded annually. How much should a teacher deposit now if he…

A: A bank offers a 12% interest to be compounded annually. The teacher wants to receive Php. 15000 at…

Q: if jake deposit $5000 at the end of the year for 15 years in an account paying 6% interest…

A: Given: The principal amount is $5000, the time period is 15 years, rate of interest is 6% to find…

Q: If 60,000 was deposited in a bank and became 61, 625 at the end of 150 days, find the interest.

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $467 per month…

A:

Q: Acme Annuities recently offered an annuity that pays 7.2% compounded monthly. What equal monthly…

A: Formula :-

Q: Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the…

A:

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $209 per month…

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Q: Find the present value of the ordinary annuity. Payments are $57 made quarterly for 10 years at 8%…

A: Find the present value of the ordinary annuity.

Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

A:

Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: Present value =$600,000 Rate of interest =7.1% compounded semiannually  Term =5 years Withdrawn ⇒…

Q: Find the amount of an ordinary annuity if P3,500 is payable every three months for 6 years and 6…

A:

Q: 2. Find the present worth of perpetuity of P10,000 payable quarterly if money is worth 10%…

A: We have to find the present worth of perpetuity

Q: Yolanda deposited $1,400 at the end of each six months for 2 years in a savings account. If the…

A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=1400 r=4%=0.04 n=2 for…

Q: Determine the amount owed if $5000 is borrowed for 4 years at 8.7% compounded quarterly.

A: If $5000 is borrowed at 8.7% compounded quarterly, we need to find the amount owed after 4 years.…

Q: Find the present value of an annuity of $6000 paid at the end of each 6-month period for 8 years if…

A: The periodic payments of the annuity is R=$6000 Periodic rate of interest =i=0.082=0.04 Number of…

Q: As a result of a court settlement, an accident victim is awarded $1.5 million. The attorney takes…

A: Answer is mentioned below

Q: A relative wills you an annuity paying $4,000 per quarter for the next 10 years. If money is worth…

A: We have given the value of each payment i.e  P= $4000 Rate of interest   (r) = 8%  Total year is 10…

Q: Find the present value (in dollars) of an annuity that pays $4,000 at the end of each 6-month period…

A: See solution below. Here we used some basic formula

Q: Find the present value of amount. $10,000 if interest is 8% compounded semiannually for 6 year

A: Consider the given information as P=$10000, r=8% For semi annually n=12

Q: If you deposit $ 6500 into an account paying 8 % annual interest compounded monthly, then the money…

A:

Q: What is the present value of perpetuity payment of $802 made at the beginning of each month if the…

A:

Q: An insurance settlement of $1 million must replace Trixie Eden's income for the next 40 years. What…

A: Consider the given: Presentvalue=$1millionTime=40yearsInterest=7.4%=0.074 As, we know that:…

Q: An insurance settlement of $750,000 must replace Laura's income for the next 40 years. What income…

A:

Q: What is the present value of an annuity that pays ? per month for 10 years, where ?= 2055 if money…

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Q: A father deposits 16,000 php in a trust fund for his son's education every six months for 7 years.…

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Q: Lee Holmes deposited $15,500 in a new savings account at 10% interest compounded semiannually. At…

A: The compound interest formula is, A=P1+rnnt where A represents amount of money , P represents…

Q: A life insurance company will sell a 23-year annuity paying $1,100 at the end of each month for…

A:

Q: Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $948 is deposited…

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Q: As part of his retirement planning, Mr. White purchases an annuity that pays 8.5% compounded…

A:

Q: Find the present value of an annuity that pays $3,000 at the end of each 6-month period for 6 years…

A: Solution of the problem as follows

Q: As a result of a court settlement, an accident victim is awarded $1.2 million. The attorney takes…

A:

Q: Bob deposited $4,000 into an account with 5.1% interest compounded quarterly. Assuming that no…

A: Given P=$4000R=5.1%Time=3 yearsn=4 (Quarterly)A(t)=P(1+rn)nt

Q: Every six months, Sally Jensen puts $1100 into an account paying 6% compounded semiannually. Find…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Louie has $825,000 in a retirement annuity that pays 2% compounded quarterly. How much can he…

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Q: Find the amount of an annuity that consists of 20 semiannual payments of $500 each into an account…

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Q: The tree farm deposits $1,300 at the end of each month into an account paying 1.51% ordinary…

A: