Carmen deposited $4000 into an account with 4.8% interest, compounded quarterly. Assuming that no withdrawals are made, how much will she have in the account after 6 years? Do not round any intermediate computations, and round your answer to the nearest cent.

Q: Chang borrowed $8000 at a rate of 9%, compounded quarterly. Assuming he makes no payments, how much…

A: Given,           Chang borrowed $8000 at a rate of 9%, compounded quarterly for 5 years.

Q: Hans borrowed $8000 at a rate of 17%, compounded semiannually. Assuming he makes no payments, how…

A:

Q: Tony Ring wants to attend Northeast College. If he deposits $34,507 today, how much will he have 4…

A: Given Principal amount = $34,507 Interest rate = 12% compounded semiannually Time = 4 years

Q: Marwan provides a donation of $4291 to a college with the provision that a scholarship is paid at…

A:

Q: Josh deposited $4000 into an account with 4.4% interest, compounded semiannually. Assuming that no…

A: Given: P= $4000                   r=4.4% =0.044              n=2 (semiannually)               t=6…

Q: If you borrow $1,700 for 4 years at 5% annual simple interest, how much must you repay at the end of…

A: Given, If you borrow $1,700 for 4 years at 5% annual simple interest, how much must you repay at the…

Q: Jaspreet set up a fund that would pay his family $4,500 at the beginning of every month, in…

A: We can evaluate the following as follows

Q: Lena deposited $6000 into an account with a 11% annual interest rate, compounded pemiannually.…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $209 per month…

A:

Q: Jules deposits P15,000 every 3 months in a fund that earns 5% compounded quarterly. Assuming that…

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Q: If money earns 3.72% compounded quarterly, what single payment in three years would be equivalent to…

A: topic - compound interest

Q: Ken is paying P2,500 every 3 months for the amount he borrowed at an interest rate of 8% compounded…

A: Given information Paying every 3 months P=2,500 Interest rate r=8% compounded quarterly For…

Q: What are the semiannual payments?

A:

Q: The Nelsons would like to take a cruise to Alaska in 5 years and will need $9,350. What amount…

A:

Q: Alice charged $800 worth of merchandise one year ago on her credit card, which has an APR of 12%…

A: It has an APR of 12% compounded monthly. She made 12 monthly payments of $20, at the end of each…

Q: If you borrow $29,000 at 8.4% annual simple interest for 11 years, how much must you repay at the…

A: use formula written below

Q: Clearlake optical has a $50000 note due in 3 years. The owners wish to create a sinking fund to pay…

A:

Q: Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to…

A: Given Amount=$2300 Rate of interest=3.3%

Q: John borrowed $8000 at a rate of 13%, compounded annually. Assuming he makes no payments, how much…

A:

Q: David borrowed $8000 at a rate of 14%, compounded quarterly. Assuming he makes no payments, how much…

A:

Q: Jasica Parker would like to have $33,000 to buy a new car in 8 years. To accumulate $33,000 in 8…

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Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

A:

Q: Niagara Vineyards borrowed $75,000 to update their bottling equipment. They agreed to make payments…

A: Need to find how long company have to make payments

Q: Kira borrowed $8000 at a rate of 7%, compounded annually. Assuming she makes no payments, how much…

A: kira borrowed $8000 at a rate of 7%, compounded annually.how much money after 7 years.

Q: Sam has a balance of $1985 on his credit card. If the interest rate is 14.5% compounded monthly and…

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Q: After putting down 20% of $110,000 on a house and paying an interest rate of 3.5% compounded…

A:

Q: Omar deposited $4000 into an account with 4.2% interest, compounded annually. Assuming that no…

A:

Q: Greg borrowed $8000 at a rate of 17% , compounded quarterly. Assuming he makes no…

A: A=P1+rnntP is the principal amount.R is the rate of interest.t is the time.n is 4 in case of…

Q: Cameron set up a fund that would pay his family $4,000 at the beginning of every month, in…

A: We have to find the size of investment.

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

A:

Q: As part of her retirement planning, Mrs. Barth purchases an annuity that pays  17.5% compounded…

A: The quarterly payment is R=$3500 Quarterly interest rate is i=0.1754=0.04375 Number of…

Q: Amy won a lottery that would pay her $42,000 in 2 years and $10,200 in 5 years. The lottery company…

A:

Q: Juan Dela Cruz wants to deposit P5, 000 every quarter at 16% compounded quarterly for 5 years. How…

A: Compound Interest: A=P(1+rn)nt P: the principal, amount of deposit  A: the new balance  t: the time…

Q: Devin set up a fund that would pay his family $3,500 at the beginning of every month, in perpetuity.…

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Q: Felipe deposited $3000 into an account with a 8% annual interest rate, compounded semiannually.…

A:

Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

A:

Q: Jose borrowed $8000 at a rate of 12.5%, compounded annually. Assuming he makes no payments, how much…

A:

Q: c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long…

A: Solution :-

Q: In buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12%…

A: Given that, in buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years…

Q: Omar deposited $4000 into an account with 4.2% interest, compounded semiannually. Assuming that no…

A: To find out the amount after 7 years.

Q: A collector mae a $10,000 down payment for a classic car and agreed to make 18 additional quarterly…

A:

Q: Erin would like to buy a $350,000 apartment when she retires in 10 years. How much should she…

A:

Q: Martina borrowed $8000 at a rate of 6%, compounded quarterly. Assuming she makes no payments, how…

A: Amount = P(1+r/n×100)nt

Q: Suppose you signed into an 8-year loan which is compounded annually at 7%. How much will you pay if…

A:

Q: Karen borrowed $2000. How much will she pay back in 1 year if she is charged 2% a year, compounded…

A: Principal money=$2000=P time(t)=1year rate of interest(r)=2% to find amount=? when compounded…

Q: After making the thirtieth payment of $582.48 on your car loan, you wanted to find out how much is…

A:

Q: ch will he have in the account after

A: Given: Initial amount (p)  = $ 4000  Interest rate (r) = 3.4 %  Compounded semiannually ( n) = 2

Q: Susan wants to purchase a new couch and loveseat for $1895.00 including taxes. If she puts it on a…

A: Given: Susan wants to purchase a new couch and loveseat for $1895 including taxes. She puts it on a…

Q: Suppose on your 21st birthday you begin making bi-weekly payments of $500 into an account that pays…

A: