A payment of $1200 is due in twelve months. Find the equivalent value at six months. The interest rate is 10% compounded semi-annually. Select one: O a. $1143 O b. $1260 O c. $1091 O d. $1088

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

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: Mike deposits $5,000 in a 3-year CD account that yields 1.5% interest, compounded weekly. What is…

A: A=P1+rnnt

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A: Given: The total cost of four-year private education is estimated to be $50,000. The rate of the…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A:

Q: Grace invested $5,200 in an account paying an interest rate of 4.6% compounded daily. Assuming no…

A: Given; Principal,P=$5200 Time,t=11 years Rate,r=4.6% compounded daily.

Q: Find the total amount of interest to the nearest cent if the interest is compounded annually. $2750…

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Q: Ben Franklin's gift of $5,000 to New York City grew to $7,000,000 in 200 years. At what interest…

A: The principal amount, P = $5,000 Future amount, A = $7,000,000 Time, t = 200 years The number of…

Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

A:

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

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

A:

Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…

A:

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

A:

Q: Given: ₱50,000 at 11% compounded quarterly for 5 years. What is the interest rate per conversion…

A: Given that: Principal amount = ₱50,000 Rate of interest = 11% = 0.11 Number of years he amount is…

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A:

Q: Kristy Joe deposits ​$110 each month in an ordinary annuity to save for a new car. If the annuity…

A: It is given that the Cash deposit per period is P = $110.Monthly interest rate is i = 1.03%. Time…

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A:

Q: 3. Find the compound amount and interest on P1, 500 at the end of 35 years and 9 months, if the…

A: Question number 3 has been solved as per the requirement of the student.

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

A: Given, We want to have $ 30,000 in the account in 5 years   We have to find how much we need to…

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A:

Q: Find the amount we would need to deposit today as a lump sum to achieve $420,000 in 30 years at 6%…

A:

Q: Find the present value of $30,000 due in 4 years at the interest rate of 5%/year compounded monthly?…

A: The future value of investment is A=$30,000 Number of periods is n=4×12=48 Periodic interest…

Q: If 49900 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: Formula for Compound Interest A=P1+rnnt where A= Accumulated amount P= Principal r= Rate of interest…

Q: Patty Stacey deposits $2800 at the end of each of 5 years in an IRA. If she leaves the money that…

A: Her amount accures by the formular. A = P(1+r/n)^nt. Where her principal P = $2,800. Rate, r =7%…

Q: An employee wants to retire and receive 5 000 a month. She wants to pass this monthly payment to…

A: The provided information is  A=5000 i=8%=0.08 The the formula for perpetuity is  P=AiA=the interest…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: An item at a department store is priced at $189.99 and can be bought by making 20 payments of…

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A:

Q: Find the effective rate of the interest that is equivalent to an 9% rate compounded monthly. O 18.81…

A:

Q: Oliver invested $53,000 in an account paying an interest rate of 2.7% compounded daily. Assuming no…

A: Given P=53,000R=2.7%t=20 yearsWe know that compound interest=P(1+Rm)mt Here m is the no.of…

Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: Melissa has an offer from a credit card issuer for 0% APR for the first 60 days and 28.49% APR…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 8% interest…

A:

Q: A deposit of $550 is made in a savings account that pays an annual interest rate of 1% compounded…

A: The formula of the compound interest is, A=P1+rnnt where, A=Amount after the periodP=principal…

Q: If a bank pays 18% compounded monthly, how much should be deposited now to have $2000 : a) 6 years…

A:

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A:

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

A: Formula: A=P1+rnnt where A= Final amount P= Principal initial balance r= Rate of interest t= Time…

Q: A credit card had an APR of 23.83% all of last year and compounded interest monthly. What was the…

A: GIVEN   APR = 23.83%   COMPOUNDED MONTHLY  MEANS  n = 12 EFFECTIVE INTEREST = ?

Q: How much did Speedy Movers borrow for a debt that accumulated to $51,034.26 in four years? The…

A: Given, Amount(A)= $ 51034.26 t= 4 years r= 3.25%= 0.0325 n= 2(semi-anually)

Q: You deposit $1,500 in an account at the Lifelong Trust Savings and Loan that pays 6% per year…

A: We have PV=$1500         , Present Valuer    =6                , Rate of interestm  =4…

Q: You deposit $4000 in a bank with annual interest rate of 3.5% compounded monthly. What would your…

A: Here, P=$4000, n=1, r=0.035, and t=20.

Q: What interest rate, compounded quarterly, is equivalent to a 9.31% effective interest rate?

A:

Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest…

A: We will find out the required values.

Q: find the value of a $3000 certificate in 2 years, if the interest rate is 10% compounded annually…

A: Formula used;-          Amount = Principal(1+rate/100) n(no.of years)

Q: If 21900 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A:

Q: June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2%…

A: Given that t=time=17 yearsr=interest rate=2%=0.02A=annuity=?n=number of times compounded in a…

Q: The effective rate of the interest that is equivalent to a 4% rate compounded monthly is: O 4.07 % O…

A: