A recent graduates student loans total is 15,000. If these are at 4.6%, compounded quarterly for 8 years what are the quarterly payments.

Q: Five years ago, Diane secured a bank loan of $300,000 to help finance the purchase of a loft in the…

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Q: Six and a half years ago Chris invested $9000 in a retirement fund that grew at the rate of 10.44%…

A: Use the formula for compound interest and put the given values .

Q: By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it…

A: The compound interest is given by:

Q: A newborn child receives a $5,000 gift towards a college education from her grandparents. How much…

A: Given that  A newborn child receives a $5,000 gift towards a college education from her…

Q: Suppose that you had the opportunity of investing 5000$ in a business such that the value of the…

A: Given  that Investing 5000$ in a business increases the value to 6300$ after 5 years.

Q: You have $10,000 in a bank. If you get 4% compounded monthly and withdraw $400 at the end of each…

A: You have $10,000 in a bank. If you get 4% compounded monthly and withdraw $400 at the end of each…

Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

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Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: The adult children of a college professor are endowing a scholarship fund in their father’s name.…

A: Given that, Present value = P = $1000 Interest rate = r = 6% = 0.06 Time = n = 3years

Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

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Q: A house costs $185,000. The terms of the sale are 20% down and the remainder to be paid in monthly…

A: The cost of the house is $185,000.The down payment is 20% of the cost. That is

Q: If you invest $150 each month into an account earning 3% compounded monthly, how long will it take…

A: Here the required formula is given by,                                 A=d1+rnnt-1rn           ...…

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: brittany made equal deposits at the beginning of every 3 months into an RRSP. At the end of 7 years,…

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Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

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Q: Erin deposited $1,400 at the end of every month into an RRSP for 7 years. The interest rate earned…

A: Note: Since you have posted multiple questions we will solve the first question for you. If you want…

Q: The Pirerras are planning to go to Europe in 3 years, and have agreed to set aside $150 per month…

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Q: The Pierras are planning to go to Europe 3 years from now and have agreed to set aside $180/month…

A: Given  The periodic payment $180 per month Periodic interest rate is 2%/year periods per year is 12…

Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

A: The value of r compounded monthly , r=4% compounded monthly=412%  Number of months in each quarter =…

Q: Olivia invested $1000 in an account that pays 2.5% interest compounded annually. Assuming no…

A: Olivia invested $1000 in an account that pays 2.5% interest compounded annually. Assuming no…

Q: Retirement Planning Chris gets paid once a month andcontributes $200 each pay period into his…

A: To find the value of 401(k), use the payout annuity formula, P=PMT×1-1+rn-ntrn, where P is value of…

Q: Kristy Joe deposits $150 each month in an ordinary annuity to save for a new car. If the annuity…

A: We will find out the required savings for given ordinary annuity.

Q: If you invest $10,000 at an interest rate of 3.2% compounded monthly, when will your investment be…

A: Initial amount=P=$10000Final amount=A=$15000Interest rate=r=3.2%=0.032Time=t=?Number of times…

Q: If Jean invests $2300 in a retirement account with a 6% interest rate compounded annually, how long…

A: To determine the time required for the investment to accumulate to $ 4150.

Q: If Juanita invests $1500 in a retire-ment account that earns 8% compounded annually, how long will…

A: Given:Juanita invests $1500 in a retirement account the earns 8% compounded annually, and the amount…

Q: venture promises a 7% annual interest rate compounded once a year. For how many years should Roger…

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Q: At the time of her grandson's birth, a grandmother deposits $13,000 in an account that pays 3.5%…

A: a) Grandmother deposits (P) is $13,000. Interest rate is, 3.5%. That is r = 3.5/100 = 0.035. Number…

Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

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Q: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…

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Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

A: Note: Hey there! Thank you for the question. As you have posted multiple questions, we have helped…

Q: Find the value of a savings account with monthly deposits of $200 for two years into an account that…

A: Here we have to find the value of a savings account with monthly deposits of $200 for two years into…

Q: A 55-year-old man deposits $50,000 to fund an annuity with an insurance company. The money will be…

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Q: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

Q: Jason started to deposit P20,000 quarterly in a fund that pays 2% compounded quarterly. How much…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: For the last 12 years, Colin has contributed $110 each month into a retirement savings account. If…

A: Given that n = 12 years d (amount added every month)= $110

Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

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Q: Donna placed $1200 in an account at 4% compounded annually for 2 years. She withdraws it at the end…

A: Case I   Originally, P=$1200 r=4% t=2 years At the end of two years, Amount=Principal (1+r)t…

Q: A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

A: Solution: P = $ 8000 r = 8% Using formula  A = P1+rnnt

Q: Alex and Toni are twins. After graduation and being finally able to get a job their plan for…

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Q: A man living abroad for 2 years wants to buy an ordinary annuity that will provide monthly payments…

A: The parents will receive  $750 each monthover the 2 years his parents receive the money…

Q: At the time of her​ grandson's birth, a grandmother deposits $1000 in an account that pays 5%…

A: The deposit is $1000, compounded monthly is 5%. The value of the account at the​ child's…

Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: A recent graduates student loan total $15,000. If these loans are at 4.6%, compounded quarterly, for…

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Q: When the Lee family bought their home, they borrowed $115,700 at 3.25% compounded monthly for 20…

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Q: If a bank pays 16% compounded quarterly, how much should be deposited now to have $1200 in 6 years…

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Q: Assume that you want to have $ 3100 saved in a sinking fund in 1 year. The account pays 4.5%…

A: given, FV = $3100 N = 1 M =12 (monthly compounding) R =4.5%

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: John makes annual deposits of $1600 to an an IRA earning 7% compounded annually for 16 years. What…

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Q: Rahel left a $5000 investment for 3 years in an account that paid 4% per year, compounded…

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