Finance. A person wishes to have $16,800 cash for a new car 6 years from now. How much should be placed in an account now, if the account pays 4.3% annual interest rate, compounded weekly?

Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

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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: If 2800 dollars is invested at an interest rate of 10 percent per year, compounded semiannually,…

A: Compound interest  problem

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: Here, we need to find the amount we deposit at the end of each month into an investment account that…

Q: If $11,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

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Q: Finance. A person wishes to have $20,300 cash for a new car 6 years from now. How much should be…

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Q: If $4,000 is invested at an interest rate of 5.7% per year, compounded quarterly, find the amount…

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Q: 13. If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A: Given: Frank invests $11,400 at 3.7% interest compounded quarterly. To find: Investment's worth in 9…

Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

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Q: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

Q: Ben Franklin's gift of $5,000 to New York City grew to $7,000,000 in 200 years. At what interest…

A: The principal amount, P = $5,000 Future amount, A = $7,000,000 Time, t = 200 years The number of…

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

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Q: 3. If interest is compounded quarterly, how much will P100,000 be at the end of one year at 12%?

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Q: Find the final amount of money in an account if $4,500$4,500 is deposited at 6.5%6.5% interest…

A: Given

Q: If you deposit $300 each quarter into an account earning 3.2% compounded quarterly, how many years…

A: The future value (FV) of an annuity A with interest rate per period of r, over n periods is given…

Q: If $30,000.00 is invested 6 1/4%(six and one fourth percent) compounded quarterly for 8 years, how…

A: Given,            P = $30,000.00  ; r = 614%=254%=0.0625 and time = 8 years

Q: If $4000 is borrowed at a rate of 5.75% interest per year, compounded quarterly, find the amount due…

A: Given data,  Principle amount = $4000 Rate of interest = 5.75% = 0.0575 Compounded quarterly Final…

Q: In how many years will the amount of P10,000 triple if invested at an interest rate of 10%…

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Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

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Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

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Q: Sally makes deposits into a retirement account every year from the age of 30 until she retires at…

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Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

A: Given that ,principal amount that investedP=$25,000the rate of interest r=5%=5100=0.05time in…

Q: John Lee's savings account has a balance of $1,251.00. After 5 years, what will the amount of…

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Q: (a) If you invest $5,000 in an account that earns an APR of 3% with quarterly compounding, what will…

A: P = 5000 APR = 3% t = 10 year

Q: A savings account is opened with a $3,000 deposit. If the account earns 6.5% interest, compounded…

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Q: A person needs $15 000 for a down payment on a car. If the person invests $10 000 at 9% interest,…

A: Given  A=15000 P=10000 r=9%=0.09

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

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

Q: An employee wants to retire and receive 5 000 a month. She wants to pass this monthly payment to…

A: The provided information is  A=5000 i=8%=0.08 The the formula for perpetuity is  P=AiA=the interest…

Q: Finance. A person wishes to have $23,900 cash for a new car 3 years from now. How much should be…

A: 1 year consists of 52 weeks. So, the interest will be compounded 52 times annually. The formula for…

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

A: Given that:       Present value, PV = $1,100,000       Number of periods, n = 2×4=8       Rate of…

Q: If $10,000 is invested at an interest rate of 3% per year, compounded semiannually, find the value…

A: If $10,000 is invested at an interest rate of 3% per year, compoundedsemiannually.Our Aim is to find…

Q: How much can be paid in scholarships at the end of each year if $650,000 is deposited in a trust…

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Q: If $26,000.00 is invested in an account for 10 years. Find the value of the investment at the end of…

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Q: How much can be paid in scholarships at the end of each year if $200 000 is deposited in a trust…

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Q: If an annual interest rate is 12% and is compounded monthly, then what is the interest rate per…

A: NOTE: Refresh your page if you can't see any equations. . the annual rate is 12% and is compounded…

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

A: Given Amount =$1,000,000 time 6 years rate 7.7%

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily, find the value of the…

A: Given, The initial amount, P=$2500 Rate of interest,r=2.5% Compounded daily,n=365

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

A: Given:  P=$1,000,000r=6.7%=0.067n=2t=12 year To determine: The amount that can be withdrawn from…

Q: If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of…

A: Consider the following information: PrincipalP=$500Rate of interestr=3.75⁒n=4 Compound interest…

Q: A young man is a beneficiary of a trust fund established for him 16 years ago at his birth. If the…

A: Given

Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

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Q: If a bank pays 18% compounded monthly, how much should be deposited now to have $2000 : a) 6 years…

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Q: QUESTION 8 If you save $270 per quarter for retirement in an account that earns 8% interest per…

A: After 38 years interest.

Q: A student opens a credit card and immediately maxes it out by putting $2,000$2,000 on it in order to…

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

A: Compound interest formula:

Q: If 9400 dollars is invested at an interest rate of 9 percent per year, compounded semiannually, find…

A: Compound Interest - Starting with principle P then the amount A in an account after t years , with…

Q: QUESTION 5 How much will you need to save per quarter to have $54,000 after 13 years, if your…

A: here we use compound interest formula 54000 = P(1+13/400)13*4 54000 = P(1+0.0325)52 54000 =…

Q: A UK lottery prize pays £10000 at the end of the first year, £11000 at the end of the second year,…

A: Consider the provided question, First we need to find present value of such lottery discounted with…