Delany wants $15,000 saved in 2 years to make a down payment on a house. How much money should she invest now at 7.7% compounded semiannually in order to meet her goal?

Q: A man needed P250, 000 at the end of 3 years, how much money must he deposit quarterly in an…

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

A:

Q: Regina wants to have$280,000 in 20 years to buy a vacation home. To reach this amount, how much…

A: Consider the given information. The total amount after 20 years is $280,000. The total number of…

Q: Loma Evenson would like to buy a $19,000 car in 4 years. Loma wants to put the money aside now .…

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Q: The Weidmans want to save $50,000 in 3 years for a down payment on a house. If they make monthly…

A:

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: The Weidmans want to save $25,000 in 2 years for a down payment on a house. If they make monthly…

A: Amount required in 2 years (Future value) =$25,000Time in months (n) = 2*12=24Interest rate is 12%…

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

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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: Rosa Burnett needs $7,000 in three years to make the down payment on a new car. How much must she…

A: Given information Future value=$7,000 Rate of interest r=0.5% compounded annually ⇒r=0.5100=0.005…

Q: Olivia was receiving rental payments of $2,000 at the beginning of every month from the tenants of…

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

A:

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

A:

Q: If compounded monthly, a loan will be amounting to P132, 400.00 if invested at 11.5% interest for…

A: The solution to the given question is explained below.

Q: Evaristo would like to invest N$ 12,500.00 a month at the beginning of each month at an interest…

A: To find the C.I.

Q: Christian is saving money and plans on making monthly contributions into an account earning an…

A: Given data is: Future value of amount after n period A=$9000 Interest rate i=5.7% Period n =32…

Q: Henry has inherited $18 000 and would like to invest the money to pay for new car in two years. If…

A: The amount he invested for new car is:  P = $18,000 Interest rate:  r = 4.9% Interest is compounded…

Q: The Weidmans want to save $35,000 in 3 years for a down payment on a house. If they make monthly…

A:

Q: Sam deposits $900 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: Given data:   The given amount Sam deposits are P=$900. The semiannual interest rate is r=7%=0.07.…

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

A:

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: The Jones want to save $51,000.00 in 2 years for a down payment on a house. If they make monthly…

A: FV=PMT1+rnnt-1rn FV=51000 t=2 years r=3%=0.03 n=12 for a monthly payment

Q: The Weidmans want to save $35,000 in 2 years for a down payment on a house. If they make monthly…

A: Weidmans want to save $35,000 in 2 years  Let's assume, The monthly deposit = x  The account paying…

Q: The Weidmans want to save $50,000 in 2 years for a down payment on a house. If they make monthly…

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Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: ANSWER :

Q: The Weidmans want to save $20,000 in 2 years for a down payment on a house. If they make monthly…

A:

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

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: If you borrow $600 for 18 months at 8% annual simple interest how much must you repay at the end of…

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Q: How much did Speedy Movers borrow for a debt that accumulated to $56,036.80 in five years? The…

A: We need to find the amount that Speedy Movers borrow for a debt that accumulated to $ 56036.80 in…

Q: Susan Orman wants to pay $1,550 semiannually to her granddaughter for 10 years for helping her…

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Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

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Q: Angela wants $11,000 saved in 5 years to make a down payment on a house. How much money should she…

A: Angela wants $11000 saved in 5 years. We want to find how much money she should invest at 3.2%…

Q: The Weidmans want to save $40,000 in 3 years for a down payment on a house. If they make monthly…

A: Given data  D = 40,000 r = 0.12 N = 12 x 3 = 36  We want to make monthly deposit to generate a…

Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…

A:

Q: Inga Moffitt invests a bonus of $9000 at 6% annual interest compounded semiannually for4 years. How…

A: P=$9000,  r=6%=0.06,  t=4  &  n=2 Now total amount earned is,…

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

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Q: The Weidmans want to save $45,000 in 4 years for a down payment on a house. If they make monthly…

A: It is given that the Weidman’s want to save $45,000 in 4 years for a down payment.The interest is…

Q: I want to have $20,000 to buy a car in five years. How much would I have to invest now in a savings…

A: We will use the Compound Interest formula to find the amount you need to invest every year to get…

Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

A:

Q: For her​ daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 7.4​%…

A: Given: PMT=$146 Number of years = 9 Total number of months n=9 x 12 =108 Interest=7.4% annually…

Q: Ken is paying off a loan by making a $50 down payment and then $50 payments at the end of every…

A:

Q: Jasica Parker would like to have $46,000 to buy a new car in 7 years. To accumulate $46,000 in 7…

A: Given that, A=$46,000, t=7 years, n=12, r=3%=0.03 We have to find, how much she must invest monthly…

Q: nora is thinking of investing an amount of P30,000  8.5% compounded annually

A: Given,Present Value, PV=30,000Rate of interest,r=8.5 compounded annuallyTime period, n=2.5 years

Q: What is the purchase price on a car that has a $350 monthly payment for five years, financed at 6%…

A: Given query is to find the purchase price of the car.

Q: Joel is considering putting a $4800 laptop purchase on his credit card, which has an interest rate…

A:

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…

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Q: Rahel left a $5000 investment for 3 years in an account that paid 4% per year, compounded…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.