Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that should be put into savings ?

Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 4% interest. How…

A:

Q: Upgrading a Class B office space to a Class A space will cost $5,513. How much will the monthly rent…

A: we have to find increase in monthly rent.

Q: Due to depreciation, the cost of a car decreases by 10.2% every year. How much is the estimated…

A: The solution is given below.

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

A:

Q: A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the…

A:

Q: If $5,000.00 is invested at 8% annual simple interest, how long does it take to be worth $8,200.00.

A:

Q: Assume that cigarettes cost $9.50 per pack and consider a 20 year old  college student smoker who…

A: Here given  cost of 1 cigarette= $ 9.5 and college student somkes 16 packs per month  And now he…

Q: You deposit $400 each month for 17 years into an account earning 6% interest compounded monthly.…

A:

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. How…

A:

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 9% interest. How…

A:

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 6% interest. How…

A:

Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. a) How…

A: Given. we want to have 600,000 dollar in in my account at the time of retirement which is 20 years…

Q: ou can afford monthly deposits of $190 into an account that pays 4.2% compounded monthly. How long…

A: Given information -  Monthly deposits = $190 Rate of interest = 4.2% The interest is compounded…

Q: An initial deposit of $1300 earns 7 % interest, compounded monthly. How much will be in the account…

A:

Q: How many years will the Php 10,000 become Php 15,000 if it is invested in an instrument that offers…

A: We have to find how many years will the $10,000 become $15,000 if it is invested in an instrument…

Q: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: calculate the purchasing power of this amount

A:

Q: A man earns GH¢3,840.00 per annum and pays an income tax of GH¢48.00 per month. What percentage of…

A: We will have need to calculate the tax given in a year

Q: 2. At an interest rate of 2% per month, the money will double in value in how many months?

A: The compound interest formula for an amount P compounded per month at a rate of r% for n months is…

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: A job pays $30,000 for the first year with an annual increase of 4% per year beginning in the second…

A: Given data - first year salary -30,000 dollar, increment of 4% of every year. The above sum can be…

Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple…

A: As per our guidelines we are supposed to answer only one question. Kindly re-post other question as…

Q: How much should you put in an investment paying a simple interest rate of​ 5% if you needed​ $4000…

A: Consider the provided question, Given, rate of interest = 5% time = 18 months = 1812 years Future…

Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

A:

Q: If Php 25,000 is invested at an annual interest rate of 12% compound a. annually b. quarterly c.…

A: Given : Investment amount = Php 25000Rate = 12% and time = 2 years

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

A:

Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Definition used -           Future value of annuity -                                FV=P(1+r)n-1r…

Q: 3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the…

A: Given that $3600 is placed in account with an annual interest rate of 9%.

Q: A bank deposit paying simple interest grew from an initial amount of $1400 to $1505 in 3 months.…

A:

Q: How much interest will be charged on ₱7,300 borrowed for three (3) years at a simple interest rate…

A: To find Interest charged charged on 7,300 borrowed for three (3) years at a simple interest rate of…

Q: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: What amount of money will accumulate to $83,000 in 1 year and 3 months at the interest rate of 2.12%…

A: Given Principal (P) =83000 Rate of interest (R) =2.12% Time (T) =1 year 3 months

Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

A:

Q: Sam invests $1000 into an account earning 5.25% interest compound quarterly. How long will it take…

A:

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 8% interest. How…

A: Find the monthly payment.

Q: Sehr put $1,000 into a savings account that earns 4%/a in interest, calculated simply. How much will…

A:

Q: A $40,000 investment in a mutual fund doubled to $80,000 in 5 years. What was the investment’s…

A:

Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 7% interest. How…

A: It is given that, the future value is FV = $400,000, r=7%=0.0712 since depositing monthly, and…

Q: If $5000 is loaned for 5 months at a 5% annual rate, how much interest is earned?

A: Given: principal amountp=$5000, rate of interestr=5% per year and timet=5 months we know that simple…

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: How much should be invested at 9% to have $1100 at the end of 5.5 years?

A: Topic:- algebra

Q: Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly at the end…

A: We will use formula for compound interest.

Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: Deposits of $850 per month are made into an investment account. The interest rate is 6.5% per annum…

A:

Q: A bank deposit paying simple interest at the rate of 8% per year grew to a sum of $1200 in 10…

A: The formula for Simple Interest is given by S.I=PRT100 where P is the principle, R is the rate and T…

Q: Determine the amount of money, to the nearest dollar, you must invest now at 5% per year, compounded…

A: To find:- Determine the amount of money, to the nearest dollar, you must invest now at 5% per year,…