A company will need $55,000 in 8 years for a new addition. To meet this g the company deposits money in an account today that pays 10% annual interest compounded quarterly. Find the amount that should be invested to total $55,000 in 8 years.

Q: Jackson invested $81,000 in an account paying an interest rate of 6,% compounded monthly. Angel…

A: for both Jackson and Angel , P is $81,000. now Time is 16 years. for Jackson Rate, r is 6.5% which…

Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

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Q: A department store charges 1.25% per month on the unpaid balance for customers with charge accounts…

A: Given Present valueP=$200 Rate of interest r per month=1.25%=0.0125 i.e. Annual interest rate…

Q: Find the amount that should be invested now to accumulate the following amount, if the money is…

A: Formula for compound interest is,

Q: If you leave $5400 in an account earning 4% interest, compounded daily, how much money will be in…

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Q: Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested…

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Q: Stuart Daniels estimates that he will need $27,000 to set up a small business in 8 years. (a) How…

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Q: Suppose you deposit $4,000 into a savings account that earns 5.4% APR compounded monthly. The APY is…

A: 13 years will take initial amount to be double.

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

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Q: an

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Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: If you invest $2090 compounded annually at 9.2%, how long will it take to double your investment?…

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Q: Reynaldo deposits 20,000 in a bank at an interesta rate of 6% If it’s compounded annually, how…

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Q: Answer the following.Show your Solution.   a. Php1500 invested at 4% compounded semiannually for 7…

A: (a)  $1500 invested at 4% compounded semi annually for 7 years A = P(1+(r/n))nt Accumulated value is…

Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: The Martin family has decided to save up for a new swimming pool. They want to save $14,000 in four…

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Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

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Q: Megan and Nancy each want to save $250 000 for their retirement in 40 years. a) Nancy begins her…

A: NOTE: Refresh your page if you can't see any equations. . find the annual payment for Nancy here we…

Q: n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded…

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Q: An investment of $5,650 is made in an account compounded quarterly at 5.1%. How much will the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

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Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

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Q: Morris’s parents would like to retire in 20 years with a total of $400000. How much would they need…

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Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much w have in the…

A: Given: You deposit $3000 each year into an account earning 3% interest compounded monthly. Tofind:…

Q: Michael invested $50,500 in an account with an interest rate of 4.5% that was compounded annually.…

A: The amount for the compound interest is given by the formula as follows A=P1+rnnt where P is the…

Q: A payment of $1500 is due in three months. Find the equivalent value at nine months if the interest…

A: Given interest rate is 4% compounded quarterly. F.V=P.V(1+r/k)nk Here, F.V= Future value P.V=Present…

Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

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Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: mr. Gordon plans to invest $300 at the end of each month in an account that pays 12%, compounded…

A: We use annuity formula.

Q: the beginning of each month. If interest on the account is 5% compounded quarterly, Laura wants to…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: Kayla invested $88,000 in an account paying an interest rate of 8% compounded daily. Sadie invested…

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Q: Glory deposited the sum of $50000 in a bank account after 5 months she made another deposit of…

A: The solution are as follows

Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.

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Q: Melanie invests $7600$⁢7600 in a new savings account which earns 4.0%4.0% annual interest,…

A: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded…

Q: A company needs $3,600,000 in order to expand their factory how much should the company invest each…

A: Given, FV=$3600000 r=9.4%/52 n=52×14

Q: Preston has $8,000 in a savings account. The interest rate is 4%, compounded annually. To the…

A: We have to find compound interest.

Q: Use the formula A = P(1+ )" to find the total amount of money accumulated for an initial investment…

A: Given  Investment P = $600 Interest rate r = 8% compounded semiannually Times t = 9 years To find…

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A: principal amount P = $ 6500 interest rate r = 13%  weekly

Q: Ashley heard that he could triple his money in 12 years if he invested it in a large…

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Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

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Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

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Q: Jayden has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest…

A: Topic- compound interest

Q: Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly at the end…

A: We will use formula for compound interest.

Q: A principal of $3800 is invested at 8.5% interest, compounded annually. How many years will it take…

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Q: Sharon Nguyen has $25,000 to invest and believes that she will earn 6% compounded semiannually. Find…

A: Formula for compound interest  A = amount after t years p = initial investment = $ 25000 r =…

Q: Determine the amount of money, to the nearest dollar, you must invest now at 5% per year, compounded…

A: To find:- Determine the amount of money, to the nearest dollar, you must invest now at 5% per year,…