engineering econ question By the condition of a will, the sum of P 2,000 is left to a girl to be held in trust fund by her guardian until it amounts to P 5,000, when will the girl received the money if the fund is invested at 8% compounded quarterly?

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

A: The future value of the ordinary annuity is given by FV=P[(1+i)n-1]i Here, P=$1500 i=6% For quarter…

Q: Finding the future value of an annuity $0 To save money for her son's college tuition, Diane invests…

A: Let's find total value of annuity after 19 years.

Q: During four years of college, Nolan MacGregor's student loans are $4,000, $3,500, $4,400, and…

A: a) Given that the loan for four years is $4,000, $3,500, $4,400, and $5,000.Also the freshman year…

Q: A 4% coupon rate bond has a face value of $5000, pays interest semiannually, and will mature in 10…

A: According to the given information, Face value = $5000Annual coupon rate = 4% Semi-annual coupon…

Q: onin A A. A bank customer puts $150 in an ac (APR) of 12 percent (compounded a the end of five…

A: Solution of the problem as follows

Q: Investment If an investment at 7% simple interesthas a future value of $5888 in 12 years, what is…

A: Given that if an investment at 7% simple interest has a future value of $5888 in 12 years. To find…

Q: Suppose Mr. Claude would like to save P10,000 every month in a fund that gives 9% compounded…

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Q: You are currently investing your money in a bank account which has a nominal annual rate of 7…

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Q: A 20-year mortgage with monthly payments has a principal outstanding of $125,000. Interest is at 8%…

A: Given: It is given that,"A 20-year mortgage with monthly payments has a principal outstanding of…

Q: Joud deposited $1,650 in an investment account that earns 5% simple interest rate every year. On the…

A: Given problem is : Joud deposited $1,650 in an investment account that earns 5% simple interest rate…

Q: 3 | A bank is advertising that new customers can open a savings 3 account with a 3-% interest rate…

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Q: What lump sum do parents need to deposit in an account earning 15%, compounded monthly, so that it…

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Q: You begin saving for your retirement by investing $620 per month in an annuity with a guaranteed…

A: Here we find how much he will have accumulated in the annuity by the time you retire in 40 years.

Q: An investment company pays 9​%compounded semiannually. You want to have $22,000 in the future. ​(A)…

A: Future Amount, A = $22000 Rate of interest, r = 9% = 0.09 The number of times the interest is…

Q: 10. You decide to invest $1000 at the beginning of every year. If your rate of return is 3%…

A: here we have PMT=1000 n=1 for annual payment r=3%=0.03 t=5 years

Q: Suppose you decide to wait 5 years to save up before buying the house.  You are able to put a down…

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Q: Example 17 year old Grace wants to be a millionaire before she is 40 years old. How much must she…

A: Given: Number of years = 40 - 17                             = 23 Nominal monthly rate of interest…

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

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Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: Recent sales of some real estate and record profits makeit possible for a manufacturer to set a side…

Q: A community outreach program wants to set up a scholarship fund for students who demonstrate…

A: Formula for compound interest is,Intererst=invested amount1+interest ratenumber of times interest…

Q: Grandparents to be are planning to start saving money for their expected grandchild. They will open…

A: Given, the time period id 18 years. And if they contribute at the beginning of each month in an…

Q: Q4  (i)  Eight thousand dollars has to be invested for 10 years.  For each option below,calculate…

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Q: You begin saving for your retirement by investing $680 per month in an annuity with a guaranteed…

A: First we find the revenue stream then we will find the final value or final amount

Q: A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time…

A: If the interest in compounded, then the formula used is FV=PV1+rnnt. Here FV is the future value, PV…

Q: Levi is planning to invest 100,000 php. Bank A is offering 5% compounded semi - annually while Bank…

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Q: At the time of her​ grandson's birth, a grandmother deposits $13,000in an account that pays 2%…

A: Given:- At the time of her​ grandson's birth, a grandmother deposits $13,000 in an account that pays…

Q: 21. A consumer loan of P35,000 is to be paid in 36 months at 10% compounded monthly. What isthe…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Parents agree to invest $400 (at 8%, compounded semiannually) for their son on the December 31 or…

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Q: 5. A man has a loan of 50,000 in a bank that gives 12% simple interest. If he plans to pay after…

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Q: You want to have a $50,000 college fund in 12

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Q: Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have…

A: Formulas: For Appa Monthly  compound intrest      A=P(1+(r/12))12t For Dailyly  compound intrest…

Q: 14. VAN PURCHASE In 4 years, Jennifer Videtto will need to purchase a delivery van for her plumbing…

A: (a) We will calculate the present value of future payments. Payments must be made for 36 months at…

Q: 7. You have $750,000 at retirement and you want to draw interest only to live on. How much can you…

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Q: An investment of $13,335 earns 12% interest compounded monthly for 3 years. (a) What is the future…

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Q: Kim deposited 20 000 pesos at 4. 75% for 4 years and 3 months. Determine the future value of the…

A: (a) Use the formula for the compound interest to determine the future value for the deposit…

Q: Joud deposited $1,650 in an investment account that earns 5% simple interest rate every year. On the…

A: Interest calculation problem.....

Q: Sam invests $2,000 in an account with an interest rate of 6.7% compounded annually for 3 years. What…

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Q: A house is rented for $3000 per quarter, with each quarter's rent payable in advance. If money is…

A: House is rented for $3000 per quarter. If money is worth 9% compounded quarterly. n=123=4

Q: A person who does not understand probability theory wastes $10 per week on lottery tickets,…

A: As per given by the question, there are given that P=$520r=6%=0.06 1. How much would he or she have…

Q: 12) Mark and Kate are establishing a fund for their son's college education. What lump sum must they…

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Q: By the condition of a will, the sum of P 1.500 is left to a boy to be held in trust by her guardian…

A: Follow the procedure given below.

Q: You begin saving for your retirement by investing $680 per month in an annuity with a guaranteed…

A: Let the rate of receipt of the income be r(t). Calculate r(t) for monthly investment. P=$ 680 per…

Q: 26. EMERGENCY CASH After working long days in her small business for years, Kaitlyn Plank was…

A:

Q: Ami opened a savings account at a bank that charged a nominal interest rate of 12% by depositing a…

A: When it is not mentioned which subpart of a question to be answered, only first 3 parts are solved.…

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

A: Topic:- future value

Q: An investment company pays 7% compounded semiannually. You want to have $8,000 in the future.

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Q: 3. Mona needs a loan of $7500 for 6 years. a. How much interest will each plan charge? Plan A: 10%…

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Q: You expect to retire in 15 years. Ater you retire, you want to be able to withdraw $2,500 from your…

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Q: 64. Finding Time If Joenita invests $1500 in a retirement account that earns 8% compounded annually,…

A: Given Joenita invests $1500 means principal amount P = $1500 rate of interest = 0.08 We know that…