A college savings account pays 13.2% annual interest compounded semiannually. What is the balance of an account after 12 years if P21,000 was initially deposited? 1. Maine decides to participate in an investment that yields 3.75% interest annually. If she invests P12,500, how much will her investment be after 5 years? 2.

Q: Adam wishes to have ​$16,000 available in 22 years to purchase a new car for his son as a gift for…

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

A:

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: 65. Jamal wants to save $54,000 for a down payment on a home. How much will he need to invest in an…

A: According to the question, Jamal wants to save = A = $54000 Rate (r) = 8.2% Time period (t) = 5…

Q: Suppose you want to have $300,000 for retirement in 25 years. Your account earns 4% interest…

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Q: Brad invests $2,700.00 in an account paying 10% compounded quarterly. How much is in the account…

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Q: Bob has $45 deducted from his paycheck at the end of each month and put into a savings…

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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…

A:

Q: The Nelsons would like to take a cruise to Alaska in 5 years and will need $9,350. What amount…

A:

Q: If you borrow $29,000 at 8.4% annual simple interest for 11 years, how much must you repay at the…

A: use formula written below

Q: Cara needs $9,000 in 11 years. What amount can she deposit at the end of each quarter at 6% interest…

A:

Q: You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter…

A:

Q: A father opened a savings account for his daughter on the day she was born, depositing $1,000. Each…

A: Given that A father opened a savings account for his daughter on the day she was born, depositing…

Q: 14. Jeanine plans to deposit $875 quarterly for 3 years, into an account. With an interest rate of…

A:

Q: Tony Ring wants to attend Northeast College. If he deposits $59,528 today, how much will he have 5…

A:

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: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

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: A major shipping company is planning to purchase new cargo ships. It wants to borrow $1100 million…

A: Here we use compound interest formula to find the interest that company have to pay quarterly.   So,…

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

Q: 7. Catherine has invested $25,000 in an account that pays 8.4% compounded monthly. How long will it…

A: Principal (P)= $25000 Rate of interest (r)= 8.4%= 0.084 n=12 (since compounded monthly) Let time be…

Q: 8. Scott wants to invest RM1,000 for 1 year. At Bank A, his investment will collect 3% interest…

A:

Q: My cousin, Hershey, is an newlywed public school teacher who plan for the education of her future…

A: Given Regular deposit=10000.00 Php (monthly) Time t=8 years r=9% annually Apply formula for regular…

Q: 4. Fleet Street Bank pays 4.25% compounded quarterly on a savings account. Washington Bank pays…

A:

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

A:

Q: 4. When Sarah was 7 years old, her parents invested $10 000 for her in a plan that earns 5 % per…

A:

Q: If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded…

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: 4. At age 27, Jill deposited $4,000 into an IRA, where it eams 9.8 % interest compounded monthly.…

A:

Q: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

A: The compound interest formula is A=P1+rnnt, where A is the amount, P is the principal, r is the…

Q: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

A: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

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: How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42 at the…

A: To find How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42…

Q: If you were to invest $200 at 4% interest compounded annually or each year, what would be your…

A: We shall use formula for compund interest. P= initial amount A = total amount after t years…

Q: Mr. and Mrs. Maglalang decide to set aside ₱ 500,000 today and place it on a bank savings account…

A:

Q: 4. When Derrick turned age 15, his grandparents put $10,000 into an account that yielded 1.4%…

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: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

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

A: Here we need to apply the concept of compound interest compounded monthly

Q: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

A: Principal amount, P = $9000 beginning of year Rate  of interest, R = 5% Time period, t = 10 Time…

Q: Jasica Parker would like to have $46,000 to buy a new car in 7 years. To accumulate $46,000 in 7…

A: Given that, A=$46,000, t=7 years, n=12, r=3%=0.03 We have to find, how much she must invest monthly…

Q: In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 32 and…

A:

Q: A man pays P 129,254  every end of six (6) months for a car bought on installment terms. If the man…

A:

Q: 9. Nicole invests $4400 in an account which pays 6.7% compounded quarterly. The number of years…

A:

Q: A man pays P 132,097  every end of six (6) months for a car bought on installment terms. If the man…

A: we will use present value formula.

Q: Bree has accumulated $151,578.48 in her retirement savings plan. She wants to purchase an annuity…

A: Given that, Bree has accumulated $151578.48 in her retirement savings plan. She wants to purchase an…

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

A:

Q: Suppose on your 21st birthday you begin making bi-weekly payments of $500 into an account that pays…

A: