Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how much would it be worth after 9 years?

Q: A house is rented for $6,800 per quarter, with each quarter's rent payable in advance. If money is…

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Q: find the future value of an ordinary annuity of $3000 paid quarterly for 5 years, if the interest…

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Q: an insurance settlement of 750,000 must replace an injured workers income for the next 40 years.…

A: Given that, The insurance settlement amount, P=750,000. The rate of interest, r=6.2%. The time…

Q: A $19,000 loan is to be amortized for 10 years with quarterly payments of $606.51. If the interest…

A: Given informationPrincipal loan amount (p) = $19,000Time (t) = 10 yearInterest rate(r) = 5%Quarterly…

Q: If $80,000 is invested in an annuity that earns 5.8%, compounded quarterly, what payments will it…

A: Step:-1 Formula for annuity PV=P×1-(1+R)-nR Here, PV = present value, P= each payment value, R =…

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

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Q: Find the future value of an ordinary annuity of $300 paid quarterly for 2 years, if the interest…

A: Given that in an ordinary annuity, $300 is paid per quarter for 2 years at an interest rate of 15%…

Q: If $90,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

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Q: American General offers a 12 year annuity with a guaranteed rate of 6.47% compounded annually. How…

A: solution

Q: You receive a loan of $22,000 for 24 months at 5.2% compounded semiannually? How much interest is…

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Q: Find the future value of an ordinary annuity of $2,000 paid quarterly for 6 years, if the interest…

A: An ordinary annuity of $2,000 paid quarterly for 6 years, if the interest rate is 6%, compounded…

Q: Acme Annuities recently offered an annuity that pays 7.2% compounded monthly. What equal monthly…

A: Formula :-

Q: If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: We know:- Simple interest = PRT ⇒P=initial amount ⇒R=Rate of interest⇒T=Time in years

Q: . With a present value of $135000,what is the size of the withdrawals that can be made at the end of…

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Q: Find the future value of an ordinary annuity of $60 paid quarterly for 5 years, if the interest rate…

A: Since we know that Future value  of annuity is given as FV = P[ (1+r)n - 1 ]/r Where  P = Quarterly…

Q: How much will you need to invest today in an account paying 7% compounding quarterly to have $10,000…

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Q: A family wants to have a $170,000 college fund for their children at the end of 17 years. What…

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Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

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Q: Find the future value of an ordinary annuity of $2,000 paid quarterly for 3 years, if the interest…

A: Given:

Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

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

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Q: Find the amount of an ordinary annuity if P3,500 is payable every three months for 6 years and 6…

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Q: If $89,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A: Given that:  $89,000 is invested in an annuity that earns 5.5%, compounded quarterly. So, PV=$…

Q: If you borrowed $200,000 to buy a house at 6% interest per year, compounded monthlyand paid back the…

A: Time =t= 30 years Compounded monthly , so n=number of times compounded in a year= 12interest rate =…

Q: Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must…

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Q: Find the future value in 8 years of a $10,000 payment today, if the interest rate is 3% per year…

A: We have PV = $10,000 r = 3% = 0.03 n = 8 years

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: (b) What will be the amount of an ordinary annuity of $100 each month for three years if interest at…

A: An ordinary annuity is a series of equal payments made at the end of each period of the specified…

Q: A relative wills you an annuity paying $4,000 per quarter for the next 10 years. If money is worth…

A: We have given the value of each payment i.e  P= $4000 Rate of interest   (r) = 8%  Total year is 10…

Q: If you deposit P4000 into an account: paying 6% annual interest compounded quarterly, how much money…

A: Compound interest

Q: John deposits $2,000 into a CD that guarantees a 5.8% annual interest rate, compounded yearly. How…

A: Initial deposite= P= 2000 Final amount=A=? Time=t= 4 years  Interest rate = 5.8%=0.058  Number of…

Q: With a present value of $135,000, what is the size of the withdrawals that can be made at the end of…

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Q: A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of…

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Q: By the conditions of a will, the sum of P25,000 is left to a girl to be held in a trust by her…

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Q: With a present value of $125,000, what is the size of the withdrawals that can be made at the end of…

A: The present value P = $125,000 Time t = 10 years Rate r = 7.8% compounded quarterly To find amount

Q: A family wants to have a $180,000 college fund for their children at the end of 18 years. What…

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Q: As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an…

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Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…

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Q: If you invested $300 now at 6.5% interest compounded monthly, how much money do you have available…

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Q: What single payment today would replace a payment of $2,100 in 2 years and a payment of $5,000 in 6…

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

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Q: If you deposit $2000 into a fund paying 4% interest compounded monthly, how much can you withdraw at…

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Q: Suppose you deposit $4000 in a CD paying 5% interest, compounded monthly. How much will you have in…

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Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

Q: Find the future value of an ordinary annuity of $300 paid quarterly for 5 years, if the interest…

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Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years

Q: As a new engineer, you wanted to earn and availed an investment insurance. Every month you are going…

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