Anne wants to find the future value of an investment of $3000 that earns 5.75% compounded monthly for 30 years. Use a TMV calculator to solve.

Q: Mr. Gordon plans to invest $200 at the end of each month in an account that pays 9%, compounded…

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Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

Q: f you invest $9,000 in an account that earns an APR of 3% simple interest, what will be the account…

A: for simple interest  P = $ 9000 r = 3% = 0.03 t = 10 years

Q: Find the balance on an account if you invest $ 759 at 3.9 % for 2 years compounded monthly.

A: Given: Amount of money invested is $759. Rate of interest is 3.9%. Time is 2 years. Rate is…

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: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten- year period. The…

A: To find the interest rate

Q: Kylie is thinking of investing an amount of P250, 000.00 at 5% compounded annually for 2 years. Find…

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Q: Parents wish to have $110,000 available for a child's education. If the child is now 9 years old,…

A:

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

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: You want to have $100,000 when you retire in 10 years. If you can earn 3% interest compounded…

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Q: Inez wants to have $19,750 in 4 years. Use the present value formula to calculate how much Inez…

A: The future value is $19,750 and the time period is 4 years. The rate if interest is 7% and is…

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

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

Q: Beck would like to be a millionaire in 35 years. How much would she need to invest quarterly in a…

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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: You want to have $200,000 when you retire in 25 years. If you can earn 9% interest compounded…

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Q: A homeowner planning a kitchen remodeling can afford a $900 monthly payment. How much can the…

A:

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: Atticus College predicts that in 14 years it will take $250,000 to attend the college for four years…

A:

Q: You want to have $500,000 when you retire in 30 years. If you can earn 4% interest compounded…

A: We have to set up the compound formula first.

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: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

A:

Q: Reggie wants to find the future value of an investment of $3000 that earns 4.75% compounded monthly…

A: Given P= $3000, r= 4.75%=0.0475,t=30,n=12. We find future value A=?

Q: At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to…

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Q: Matilda wishes to retire at age 67 with $1,300,000 in her retirement account when she turns 28 she…

A: Introduction: Suppose, a person deposits an amount P at rate of r% compound interest compounded n…

Q: Reggie wants to find the future value of an investment of $1500 that earns 5.25% compounded monthly…

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Q: A television set is for sale at P13, 499 in cash or in installment terms, P2,500 each month for the…

A:

Q: Suppose you want to accumulate $100,000 for a down payment on a house in 6 years. You make a single…

A: Solution is given below:

Q: Jessica would like to have $36,000 to buy a new car in 9 years. To accumulate 36,000 in 9 years, how…

A: We have to find that how much would Jessica need to invest monthly in a sinking fund with 6%…

Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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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: 4. When Sarah was 7 years old, her parents invested $10 000 for her in a plan that earns 5 % per…

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Q: David deposited P2,500 for 2 years at 10% compounded annually and earned a compound interest of…

A: Given that the principle amount=2500And compound interest=525So the future value= 2500+525=3025

Q: Kayla is going to invest in an account paying an interest rate of 2.9% compounded monthly. How much…

A: We know the compound interest formula:A=P1+rnntwhere A= Total amount         P=Principle amount…

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

A:

Q: Jason thinks he can save enough to deposit P1,200 in the bank at the end of each year for the next…

A: The future value of an annuity is given by FV=PMT×1+in-1iWhereFV=future value of annuityPMT=cash…

Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

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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: Ken is paying off a loan by making a $50 down payment and then $50 payments at the end of every…

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Q: To help pay for Arthur's estimated $33,000 in college expenses, Ryann and Austin make a deposit into…

A: Let, Ptincipal(P)= Semi-annual deposit (R)= x Given, Amount (A)=$ 33000 Rate of interest (i)= 8%…

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: The Get Rich Investment Group had a $25,000 investment grow to $40,000 over a ten-year period. The…

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Q: nora is thinking of investing an amount of P30,000  8.5% compounded annually

A: Given,Present Value, PV=30,000Rate of interest,r=8.5 compounded annuallyTime period, n=2.5 years

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

A: Topic- compound interest

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old,…

A: Total years when child is of 18 =18-3 =15 yearrate =7% compounded semi annuallyLet they set  aside…

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

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Q: Cori invests $9300 at an annual rate of 2.75% compounded annually for 5 ½ years. what is the future…

A: Cori invests $9300 (PV) Rate, i=2.75% Compounded annually Time, t=5.5 years