Cara needs​ $9,000 in11 years. What amount can she deposit at the end of each quarter at 6​% interest compounded quarterly so she will have her​ $9,000?

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: Eugene invests a sum of money in a savings account with a fixed annual interest rate of 6.13%…

A:

Q: You deposit $500.00 every month into an account earning 2% interest compounded monthly. How much…

A: solution of the given problem is below...

Q: 45. student deposits $1000 in a savings account that pays interest at the rate of 6% per year,…

A: We need to find accumulated amount.

Q: Find the final amount of money in an account if $3,600$3,600 is deposited at 5.5% interest…

A: Formula:   Final amount=P1+rnnt We have, P=$3,600, r=5.5%=0.055, n=1(since, compounded annually),…

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

A: follow next step

Q: Phillip invested $11,500 into a fund earning 6.50% compounded monthly. He plans to withdraw $750…

A: Given : Principal(P)=$11,500 rate of interest(r) compounded monthly=6.50%=0.065 t=3 years The…

Q: Jane Adele deposits $400 in an account at the beginning of each 3-month period for 10 years. If the…

A: Given that, Jane deposits $400 in an account at the beginning of each 3-month period for 10 years.…

Q: You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter…

A:

Q: in an account that pays 6​% interest compounded semiannually. After 5 years, the interest rate is…

A: Given data: Principal (P) = $4000 Rate (R) = 6% Time (T) = 5 years Since, the interest is compounded…

Q: A father opened a savings account for his daughter on the day she was born, depositing $1,000. Each…

A: Given that A father opened a savings account for his daughter on the day she was born, depositing…

Q: Find the final amount of money in an account if $1,600is deposited at 4.5%interest compounded…

A:

Q: Laura invests $9175.00 at a rate of 7.30% per annum, compounded annually. Over a period of 3 years,…

A:

Q: You deposit $500.00 every month into an account earning 8% interest compounded monthly. How much…

A: In this question, concept of compound interest is applied. Compound Interest Compound interest is…

Q: Find the final amount of money in an account if $6, 700 is deposited at 7% interest compounded…

A:

Q: A company must pay a $302,000 settlement in 4 years. (a) What amount must be deposited now at 6%…

A:

Q: At the beginning of each quarter, $1,650 is deposited into a college fund. The fund earns 7% annual…

A:

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: Damon deposited a total of $550 in two different bank accounts. He deposited $350 into Account I…

A:

Q: if miya places $650 in a savings account that earns a nominal 2.5% yearly interest compound monthly,…

A:

Q: A company needs $7,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given: Required amount A=7,300,000 Number of years, t=15 Rate of interest, r=4.1% Number of times…

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: 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: Clarissa saved RM17,500 in a bank account which offers an interest rate of 6.3% compounded monthly.…

A: The amount given is 17500 The rate is 6.3 The formula for compound interest is, After 4 years 7…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: A committee will award two $5000 scholarships each year for the next 20 years. How much money should…

A: ANSWER:

Q: if $1500 is deposited at the end of each quarter in an account that earns 6% compounded quarterly,…

A: Given, Initially deposited amount=$1500 Finial value =$70000 rate or interest=6%=0.06 number of…

Q: You deposit $2000 each year into an account earning 2% interest compounded annually. How much will…

A:

Q: Neena wants to accumulate ​$18,000 in a fund earning​ 3.6% compounded​ semi-annually. How much must…

A: NeenA wants to accumulate P=​$18,000 R= 3.6% compounded​ semi-annually. How much must she deposit at…

Q: want to be able to withdraw $40,000 each year for 20 years. My account earns 4% interest compounded…

A: To determine the amount that needed to invest in the beginning in order to withdraw $40,000 each…

Q: You deposit $4000 at the end of each year into an account earning 7% interest compounded annually.…

A: Given,  Principal = p =  $ 4000  Rate of interest =r =  7 % compounded annually Time period = t = 30…

Q: If you were to invest $200 at 4% interest compounded annually or each year, what would be your…

A: We shall use formula for compund interest. P= initial amount A = total amount after t years…

Q: Find the final amount of money in an account if $6,400 is deposited at 4% interest compounded weekly…

A: Given: Principal amount: P = $ 6400 Interest rate is: r = 4% Time period: t = 7 years Compounded…

Q: . In order to save for her 18th birthday, Yean decided to save P400 at the end of each month. If the…

A: According to the given information it is required to find the amount of money that will be in…

Q: How much money will be in the account if $1417.32 is invested for 6 years at 4% annual interest,…

A:

Q: the

A:

Q: How much money should a company deposit into an account now so that they will have $50,000 in six…

A: here we use the equation of compound interest  amount = P(1 + r/100)n here interest is quarterly so…

Q: A Family is saving up for a house payment. If they deposit $400 each month into an account that pays…

A:

Q: Starting at age 50, a woman puts $1400 at the end of each quarter into a retirement account that…

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

Q: If $1500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Consider the formula for future value for annuity: F=P1+rn+1r Where,

Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: What sum be invested on Jazz’s fourteenth birthday will provide 4 annual payments of ₱128,000 for…

A: Total amount needed for expenses  = 4*128000  = 512000

Q: Suppose $25,000 is invested in an account that pays 8% compounded yearly. (a) find the value of the…

A:

Q: You deposit $3000 in an account that pays 7% interest compounded semiannually. After 3 years. The…

A:

Q: how much (in dollar) is needed in an account that earns 7.2% compounded monthly to withdraw $1000 at…

A: i=0.072, PMT=1000

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 5% interest…

A: Annuity formula               A=PMT((1+rn)nt-1)(rn) where PMT= regular monthly deposit amount…

Q: Parents wish to have $80,000 available for a​ child's education. If the child is now 9 years​ old,…

A:

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: While calculating compound interest, the addition of interest to the principal sum of a loan or a…