At the end of the year, how much would an account worth in a banking institution when quarterly advance payments of RM300 are made, that pays a nominal rate of 12.5% per annum compounded quarterly?

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: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

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Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: A recent graduate's student loans total $13,000. If these loans are at 4.8%, compounded quarterly,…

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Q: 4. If you pay P50.00 at the end of each month for 40 years on account that pays interest at 10%…

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

Q: A recent graduate's student loans total $14,000. If these loans are at 4.6%, compounded quarterly,…

A:

Q: What are the future value and the interest earned if $3800 is invested for 3 years at 8% compounded…

A: The formula for future value is as follows. FV=PV1+rnPV is the present valuer is the rate of…

Q: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

Q: What are the future value and the interest earned if $3200 is invested for 4 years at 8% compounded…

A:

Q: A man borrowed 30,000 in the bank and agreed to pay an equal payment at the beginning of each 3…

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Q: If you save $500 per quarter for retirement in an account that earns 8% interest per year,…

A: follow next step

Q: What lump sum do parents need to deposit in an account earning 15%, compounded monthly, so that it…

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Q: Cara needs​ $9,000 in11 years. What amount can she deposit at the end of each quarter at 6​%…

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Q: A rich uncle wants to make you a millionaire. How much money must he deposit in a trust fund paying…

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Q: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: A woman deposits $12,000 at the end of each year for 15 years in an investment account with a…

A: Given that a woman deposits $12,000 at the end of each year for 15 years in an investment account…

Q: A woman wants to borrow $12,000 to buy a car. She wants to repay the loan by monthly installments…

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Q: Five years ago, a trust fund amounting to P500,000.00 was invested at 15% compounded semi-annually.…

A: as per our company guideline we are supposed to answer only one qs kindly post remaining qs in next…

Q: . What is the monthly payment on a 30 year, $250,000 mortgage, with an interest rate of 4%,…

A: here n = 30*12 = 360 month  i = 4 = 4/12 = 1/3% monthly P = $250000 monthly payment =…

Q: Scheduled payments of $900 due two years ago and $1,200 due in five years are to be replaced with a…

A:

Q: An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ... How much…

A: Answering An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ...…

Q: A couple borrows $250,000 to purchase their first home.  If the bank charges the couple 6.0%…

A: Given:    P = 250000   n = 12 ( compounded Monthly )   t = 30    r = 6% = 6/100 = 0.06

Q: Find the present value of the given future payment at the specified interest rate. $5000 due in 40…

A: In the given question we have to find approximate present value.   According to our guidelines we…

Q: Assuming annual compounding, what is the future value of $75,000 deposited in a bank today at an…

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Q: Example 17 year old Grace wants to be a millionaire before she is 40 years old. How much must she…

A: Given: Number of years = 40 - 17                             = 23 Nominal monthly rate of interest…

Q: What are the future value and the interest earned if $3400 is invested for 7 years at 8% compounded…

A: Given, Present value= $ 3400 Term(t)= 7 years Rate of interest (r)= 8%= 0.08 Compounded quarterly,…

Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: Given query is to find the total amount after 10 years with $1800 month,6% compounded monthly.

Q: what is the future value of $4000 earning 18% interest compounded monthly, for 8 years?  Round to…

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Q: What are the future value and the interest earned if $4000 is invested for 7 years at 8% compounded…

A:

Q: A woman deposits $11,000 at the end of each year for 10 years in an account paying 5% interest…

A: Given, a woman deposits $11,000 at the end of each year for 10 years in an account paying 5%…

Q: The interest rate on a 30-year, $320,000.00 mortgage is 3.50% compounded semi- annually. Calculate…

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Q: A. Ciara deposits $300.00 every quarter into an account earning 3% interest compounded quarterly.…

A: The formula to calculate the maturity amount, M is M=P×1+rnt…

Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

A:

Q: a company deposited an amount of P1,200 monthly in an account invested at 3% compounded monthly to…

A: Given that: Amount deposited monthly is P 1200 Rate of interest compounded monthly is:…

Q: How much will you need to save per month to have $200,000 after 12 years, if your account earns 5%…

A: This question can be solved using the concept of annuity.

Q: What are the future value and the interest earned if $4000 is invested for 6 years at 8% compounded…

A:

Q: Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have…

A: Formulas: For Appa Monthly  compound intrest      A=P(1+(r/12))12t For Dailyly  compound intrest…

Q: 9)A retirement account is opened with an initial deposit of $ 10,000 and earns 6 % interest…

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Q: 2. How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: 2 Given information A=$30,000 APR=6% ⇒r=6100=0.06 Time t=10 years Since, rate of interest compounded…

Q: ABC Company has an immediate need for a loan. In an agreement worked out with its banker, ABC has…

A: To find the amount of loan negotiated between the company and it's banker. Given: bank pays…

Q: 5) You want to invest $5000. What nominal interest rate, compounded annually, would you need in…

A: We have given P=$5000,  A=$10,000  t=7 years find r % we know that compounded interest formula…

Q: A yearly payment of ₱50,000 is due at the start of each year for 10 years for an insurance worth…

A: Let the yearly rate of interest be r% per annum. It is given that a yearly payment of ₱50000 is made…

Q: What are the future value and the interest earned if $4000 is invested for 3 years at 8% compounded…

A:

Q: What are the future value and the interest earned if $3000 is invested for 6 years at 8% compounded…

A:

Q: A worker established an ordinary annuity with regular payment of $10000 compounded annually at an…

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Q: The price of a new car is $20,000. Assume that an individual makes a downpayment of 25% toward the…

A: Given that The price of a new car is $20,000. Assume that an individual makes a downpayment of 25%…

Q: 2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank…

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

Q: A credit card offers a borrowing rate of 18% compounded daily. What is the effective rate as a…

A: Note that: Effective rate =1+inn-1 where i is the interest rate and n is the number of periods Here,…