A mutual fund pays 14% compounded monthly. How much should I invest now so that 5 years from now I will have $3600 in the account? Amount = $

Q: An initial deposit of $10,000 earns 1.5% interest and is left in the account for 10 years. How much…

A: It is given that, an initial deposit of $10,000 earns 1.5% interest and is left in the account for…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: to find:- amount to be deposited.

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an…

A: To calculate the present value (amount to be invested) for the given conditions to be satisfied

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A:

Q: If you save $270 per quarter for retirement in an account that earns 8% interest per year compounded…

A: Given; Saving $270 per quater Rate of interest = 8% Compounded quaterly, n=4 Number of years=…

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

A:

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: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A:

Q: An amount of $25,000 is borrowed for 5 years at 4% interest, compounded annually. If the loan is…

A:

Q: A loan of $27,000 is made at 8.25% interest, compounded annually. After how many years will the…

A: A=P1+rtP is the initial amountA is the amount after t years.r is the rate of interest

Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

A:

Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Compound interest  Amount =P(1+R/100) T  Where P initiatial amount R- rate of interest T time.…

Q: If you need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

A: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A:

Q: An investment of 10,000 yields 8% interest compounded quarterly. What will be the accumulated…

A: Given    present value= 10000 interest rate=8% compounded quarterly

Q: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

A:

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 10…

A: Given,         A=3000 , t=10 years, r= 2% and compounded monthly

Q: you deposit money into an account paying 9% annual interest compounded monthly you need the account…

A:

Q: Sally makes deposits into a retirement account every year from the age of 30 until she retires at…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Use formula of compound interest

Q: Matilda and Horace open a retirement account with $120,000. How many years will it take for the…

A: Find the time taken for the amount $120,000 to grow to $800,000 if it grows at a rate of 4.5%…

Q: Find the balance if $30000 is invested in an account paying 4.5 % interest compounded semi-annually…

A:

Q: Find the final amount of money in an account if $4,000 is deposited at 2%interest compounded…

A: compounded annualy , final amount = ?

Q: An investment company pays 4% compounded semi annually. Do you want to have 24,000 in the future.…

A: Given values:

Q: A loan of $23,000 is made at 5% interest, compounded annually. After how many years will the amount…

A: Proceed as shown below

Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

Q: If $19,000.00 is invested in an account for 30 years.. Find the value of the investment at the end…

A:

Q: "Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

A: Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

Q: An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.…

A: From the given data

Q: an

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

Q: A mutual fund pays 7% compounded monthly. How much should I invest now so that 2 years from now I…

A: fomula A=P(1+rn)nt

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: Jeff has 5 years to save enough money to pay certain debt in full. During that time, he deposits…

A: If the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount, P…

Q: A principal of $12,000 is invested in an account paying an annual interest rate of 7%. Find the…

A: Compounded quarterly , n=4

Q: If $26,000.00 is invested in an account for 10 years. Find the value of the investment at the end of…

A:

Q: Find the balance if $23000 is invested in an account paying 6 % interest compounded quarterly for 11…

A:

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: Find the final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

Q: You deposit $300 in an account earning 7% interest compounded annually. How much will you have in…

A:

Q: Find the balance if $24000 is invested in an account paying 7 % interest compounded semi-annually…

A: Given that: Principal=$24000 Rate of interest=7% semi anually and time=8 years

Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…

A: It is given that the interest is compounded monthly. The formula for compound interest is A=P1+rnnt…

Q: You deposit $200 in an account earning 4% interest compounded annually. How much will you have in…

A:

Q: МАЗВ A student borrows money to buy furniture for a new apartment. The student will pay back $125.42…

A:

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Let the amount to be invested be P