Aigebra (JPost) E Homework: Homework 6.7 Find the principal needed now to get the given amount; that is, find the present value. To get $900 after 3 years at 6% compounded monthly The present value of $900 is $ (Round to the nearest cent as needed.)

Q: Pearson sets up a fund to pay​ $1000 at the end of each month for 9.5 years. Interest on the fund…

A: Pearson sets up a fund to pay​ $1000 at the end of each month for 9.5 years. Interest on the fund…

Q: Lena deposits $40,000 into an account that pays 6% interest per year, compounded annually. Ravi…

A: Given problem:- Lena deposits $40,000 into an account that pays 6% interest per year, compounded…

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Q: a)How much would you need to deposit in an account now order to have $6000 in the account in 10…

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Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

A: Given that  Purchase price P=$24 Annual interest rate r=4% compounded annually from 1626 to 2021…

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Q: - Brad has a government bond that will be worth $10,588.13 in seven years. The bond has an interest…

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Q: Joe deposits $60,000 into an account that pays 3% interest per year, compounded annually. Salma…

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Q: A = P(1 +* Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account…

A: The amount of money deposit in account is $475. The time period for the deposit amount is 15 years.…

Q: E-Loan, an online lending service, recently offered 48-month auto loans at 4.8% compounded monthly…

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Q: You have decided to start saving for college and open up a 529 account. You invest $5,000 into the…

A: Given :Invest Amount=P=$5000Rate =r=2%=0.02Time =t=5 year

Q: A bank features a savings account that has an annual percentage rate 2.5% with interest compounded…

A: From the given information, the annual percentage rate is 2.5%, the interest is compounded daily and…

Q: A bank features a savings account that has an annual percentage rate of 3.8 % with interest…

A: GIVEN: annual rate = 3.8% amount = $2000

Q: A firefighter for the National Park Service has a 5-year car loan for which the monthly payment is…

A: Consider the provided question, Let the remaining loan amount be P. The EMI formula is given by,…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

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Q: A depositor opens a new savings account with $4000 at 8% compounded semiannually. At the beginning…

A: A depositor opens a new savings account with $4000 at 8% compounded semiannually. At the beginning…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

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Q: Analysts at Sky West Airlines did a 3 year projection of expenses. They calculated that the company…

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Q: You have taken a loan of $89,000.00 for 27 years at 5.4% compounded quarterly. Fill in the table…

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Q: ​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 4.8% compounded…

A: Given that,         Periodic Payments PMT = $496        Rate of Interest per period,…

Q: Draw a timeline in your notes to practice, then use the one below to help you! By the end of his…

A: Loan amount is $30000 Grace period = 6 months = 0.5 years 13.3% interest is compounded annually…

Q: You want to buy a new car. You can afford payments of $450 per month and can borrow the money at an…

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Q: Parents wish to have $100,000 available for a child's education. If the child is now 6 years old,…

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Q: A recent graduate's student loans total $16,000. I these loans are at 5%, compounded quarterly, for…

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Q: You deposit $9000 in an account that pays 5.5% interest compounded quarterly.   A. Find the future…

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Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves…

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Q: ractice what you learned in the previous activity by answering these questions. uppose $2700 is…

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

Q: Sonny invests $8,000 into an account earning 7.5%.  He leaves it there for 5 years.  What is Sonny’s…

A: Topic= Algebra

Q: The interest amount on a $45,500 loan was $168,263.58. The interest rate charged on loan was 9.60%…

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Q: Hazel is 24 and wants to retire at age 62. She deposits $1,100 at the end of every 6 months into a…

A: We have to find how much money does she have in the fund when she retires, size of the monthly…

Q: A bank features a savings account that has an annual percentage rate of 2.2 % with interest…

A: Given- r=2.2% compounded at semi-annualy and P=$10,500. To find- the amount of money in 1 year and…

Q: Parents wish to have $150,000 available for a child's education. If the child is now 6 years old,…

A: Given that  Parents wish to have $150000 available for a child's education.  Present age of a…

Q: MY NOTES ASK YOUR TEACHER You want to retire at age 65. You decide to make a deposit to yourself at…

A: The solution is given below

Q: Clipboard Image Tools Shapes 8. Some friends tell you that they paid $5,000 down on a new house and…

A: The complete solution is in given below

Q: E-Loan, an online lending service, recently offered 36-month auto loans at 4.8% compounded monthly…

A: Given, N=36 months R=4.8% compounded monthly EMI=$371

Q: Sam invests $2,000 in an account with an interest rate of 6.7% compounded annually for 3 years. What…

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Q: You have taken out a 5-year, $17,000 car loan with Caddy Shark Loan Corp. The nominal interest rate…

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Q: Find how much money needs to be deposited now into an account to obtain $8,000 (Future Value) in 9…

A: I am attaching image so that you understand each and every step.

Q: Pensions Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded…

A: We need to find the money Meg and her employer should deposit in her account.

Q: E-Loan, an online lending service, recently offered 48-month auto loans at 4.8% compounded monthly…

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Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

A: Given: $550 is deposited monthly for 18 years at 2% per year

Q: Kimberly Miller Compounding - Solve for Principal Nov 09, 10:13:12 PM Watch help video Brayden is…

A: Solve for principal amount

Q: appro b. Find the interest. Time Periodic Deposit $7000 at the end of each year Rate 3% compounded…

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Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…

A: It is given that, Rate: 7.5% compounded monthly Time: 3 years Financial Goal: $25,000

Q: the timeline below to help you! An employee is planning to retire in 10 years. To plan for this…

A: kooda

Q: E-Loan, an online lending service, recently offered 48-month auto loans at 4.8% compounded monthly…

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Q: You want to have a $60,000 college fund in 12 years. How much will you have to deposit now in an…

A: The compound interest is A=P1+rnnt. Given that,  the total amount is  A=$60,000, the number of years…

Q: Jon Deposits $7,050 into an account paying 5% annual interest compounded quarterly and Sara deposits…

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Q: What is the amount of money (P) that must be deposited in an account that pays 1% annual interest,…

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