$15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

Q: To offer scholarships to children of​ employees, a company invests ​$11,000 at the end of every…

A: Recall the following fact.

Q: Find the present amount needed to attain a future amount of F dollars in the given time using an…

A: Let present amount = I interest rate = r = 7%= 0.07  time=t= 2 years  Final amount = F = 3100

Q: A college student borrows $10,000 today at 10% interest compounded annually. Four years later, the…

A:

Q: If you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?…

A: When the interest is simple, then the formula used is A=P(1+rt), where, A is the final amount, P is…

Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: account

A: We will find the balance in the account after 9 years.

Q: You deposit $10000 in a bank that pays annul interest rate of 6% compounded quarterly. How much your…

A:

Q: How many years will it take to exhaust an IRA of $190000 if you withdraw $2100 every month? Assume a…

A: give  rate of interest  r=9%  =0.09 i=912×1100  =0.09×112  =0.0075 money withdraw every month…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A:

Q: A college atudent borrows $10,000 today at 10% interest compounded annually. For years later, the…

A:

Q: Rank each interest rate and compounding scheme in order from highest yield to lowest yield. 3%…

A: Solution :-

Q: Use the appropriate compound interest formula to compute the balance in the account after the stated…

A:

Q: How much would you need to deposit in an account now in order to have $5,000.00 in the account in 13…

A:

Q: Kristy Joe deposits ​$110 each month in an ordinary annuity to save for a new car. If the annuity…

A: It is given that the Cash deposit per period is P = $110.Monthly interest rate is i = 1.03%. Time…

Q: find the present value of $75,000 if interest is paid at a rate 3% per year, compounded monthly for…

A: Only you have to careful what the question saying...wheather it is compounded yearly or compounded…

Q: Use the compound interest formula for compounding more than once a year to determine the accumulated…

A: We have to use compounded quarterly summation formula.

Q: Find the final amount of money in an account if $2,000 is deposited at 8% interest compounded…

A: Given

Q: How much must be deposited in an account to have annual withdrawals of $ 1500 forever? Interest is…

A: To find - How much must be deposited in an account to have annual withdrawals of $ 1500 forever?…

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: Use the compound interest formula to determine the accumulated balance after the stated period.…

A: Given query is to find the amount after indicated time.

Q: Use the compound-interest formula to find the account balance A, where P is principal, r is interest…

A:

Q: Eight thousand dollars has to be invested for 10 years. For each option below,…

A: P = $8,000 t = 10 years. a).

Q: periodic deposit.

A: Given: Rate=4.5% and time financial Goal is 5. To determine: The periodic deposit using the…

Q: You borrow $10,000 from a bank for three years at an annual interest rate of 12% compounded…

A: Based on the formula of compound interest, A = P (1 + r/n)^(n*t) A = Total Sum P = Principle value r…

Q: Find the present value for the following future amount.   ​$4000 at 4​% compounded annually for 6…

A: As we know that the expression for the compound interest is:   A=P(1+rn)nt   Where,   A=Future…

Q: given the current interest rate of 6% compounded annually.find the present value of $10000 to paid…

A: Given Amount (A) = 10000 Interest rate (r) = 6 We know that A = P1+r100n , where n is the time For…

Q: Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly,…

A:

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: An item at a department store is priced at $189.99 and can be bought by making 20 payments of…

A:

Q: Find the final amount of money in an account if $5,900$5,900 is deposited at 8% interest compounded…

A: Principal Amount, P = $5900 Rate of interest per week, r = 8% = 0.08 Time, t = 55 yrs The number of…

Q: Find the size of periodic payments to be made at the end of each month for 15 years to repay a…

A:

Q: Find the final amount of money in an account if $1,500 is deposited at 5.5% interest compounded…

A:

Q: Find the balance if $23000 is invested in an account paying 6 % interest compounded quarterly for 11…

A:

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Here we have to find the future value by compound interest.

Q: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise…

A:

Q: Find the maturity value and compound interest if 30,000 is compounded quarterly at an interest rate…

A: We have to find maturity value and compound interest.

Q: An investment of P50,000 is made at the beginning of each month for 5 years. How much will the…

A: This is a case of annuity due.

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Question is solved.

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Monthly interest rate and future value will be calculated using the formula,

Q: Find the balance of $1000 is interested at an annual interest rate of 10% per 2 years compounded on…

A: Express the compound interest formula. A=P1+rnnt Here, A is the amount, r is the interest rate, P is…

Q: You borrow $450,000 from a bank to buy a house, at a rate of 2.25%, for 30 years. How much will your…

A: In the given problem,  P=450,000 $r=2.25% compounded monthlyt=30 years Here, interest is compounded…

Q: (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at age…

A:

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Given , years if a principal amount of ​$19,000 is deposited in an account at an annual interest…

Q: (b)Given the current interest rate of 6 percent compounded annually, find the present value of…

A: Let rate of interest is r%    Present value is equal to P   Then Amount = A after T years is,     A…

Q: For the compound interest loan whose terms are given below, find the future value, or the amount due…

A:

Q: If 21900 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A:

Q: Find the present value for the following future amount.   $1000 at 4% compounded annually for 6…

A: Given information Future amount A=$1000 Rate of interest r=4% ⇒r=4100=0.04 Time t=6 years Since,…

Q: Use the compound interest formula to find the future value A for the following values. P = $1,000 i…

A: Solution is done in step 2

Q: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Solution is given below: