Q: On Melissa's 6th birthday, she gets a $6000 CD that earns 6% interest, compounded quarterly. If…
A:
Q: Gertrude wants to make $500 monthly withdrawals for 10 years from an account which pays 4%…
A: Given Information: Gertrude wants to make $500 monthly withdrawals for 10 years from an account…
Q: Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…
A: Let quarterly deposits be x Interest rate = 2.2512%=0.001875 Time = 10 years Period n = 10 x 12 =…
Q: Quincy deposited $10 in a saving account earning 10% interest compounded annually to the nearest how…
A: Solution
Q: Find the final amount of money in an account if $3,700 is deposited at 7% interest compounded…
A:
Q: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…
A:
Q: An initial deposit of $1300 earns 7 % interest, compounded monthly. How much will be in the account…
A:
Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…
A:
Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…
A: We are given with the interest rate and time duration and the initial payment and we have to find…
Q: Find the amount a college student owes at the end of 3 years if $6200 is loaned to her at a rate of…
A: Given problem:- Find the amount a college student owes at the end of 3 years if $6200 is loaned to…
Q: Jules deposits P15,000 every 3 months in a fund that earns 5% compounded quarterly. Assuming that…
A:
Q: Justin received an excellent interest rate for his loan of $7,000. Calculate the nominal interest…
A:
Q: To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16 years.…
A: Given that, To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16…
Q: Alice charged $800 worth of merchandise one year ago on her credit card, which has an APR of 12%…
A: It has an APR of 12% compounded monthly. She made 12 monthly payments of $20, at the end of each…
Q: Amanda invests $5100 in a new savings account which earns 3.3% annual interest, compounded monthly.…
A:
Q: brittany made equal deposits at the beginning of every 3 months into an RRSP. At the end of 7 years,…
A:
Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…
A: To Determine: how much interest will Lupita have earned after 48 month Given: Lupita deposited…
Q: If $1300 is deposited in a savings account paying 9% interest, compounded quarterly, how long will…
A: Use the formula for compound interest A=P((1+(r/n))^(nt)) A=the amount in the account after t years…
Q: For her 2nd birthday claudias parents invested $9,000.00 in an 13 year certificate for her that pays…
A: Given Principal = $9000.00 rate = 7% compounded every 2 months time = 13 year
Q: Maura received $1000 from friends and family for college graduation. If she deposits her money into…
A:
Q: Jodie deposited $10,000 into an account paying 6.5% interest, compounded quarterly. She needs to…
A: Let's say it will take t years to make the down payment
Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…
A: ANSWER :
Q: If you finance $15,000 for 3 years at 6% compounded monthly, the monthly payments will be…
A:
Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…
A: This question related to simple interest and solution is given below.
Q: On Melissa 6th birthday, she gets a $6000 CD that earns 6% interest, compounded quarterly. If the CD…
A: Given data: Melissa on her 6th birthday gets a P=$6000. The rate of interest she earns r=6%=0.06…
Q: A television set is for sale at P13, 499 in cash or in installment terms, P2,500 each month for the…
A:
Q: Francis invests $4000 in a savings account earning 3.25%/year compounded weekly for 5 years. How…
A:
Q: Reginald invests $250 of his salary into an investment every month into an investment that earns him…
A: Reginald invests $250 per month for a period of 10 years. The annual interest rate is 6.3%
Q: Zayn buys a new phone for $600 and pays for it over two years with 6.% simple annual interest. What…
A:
Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…
A:
Q: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…
A:
Q: Find the amount a college student owes at the end of 2 years if 56400 is loaned to her at a rale of…
A: Given query is to find amount need to be paid after 2 years.
Q: Ms. Cruz borrowed ₱50, 000 and repaid it 5 years later. If money earns interest at16% compounded…
A:
Q: Find the amount of money there is after 2 years if $600 is invested at 5% compounded quarterly.
A:
Q: Lucy invested for 15 years at 2.8%, compounded annually and ended with an account balance of $2250.…
A:
Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…
A:
Q: In order to help pay for his trip abroad for his spring semester of his senior year in college, Marc…
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: Maria is paying off a loan by making $50 payments at the beginning of every month for 2 years, at…
A: The formula to calculate the amount to be paid after a loan of P amount is taken at the rate of r%…
Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…
A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time
Q: Mohan borrowed some money from Sohan at the rate of 20% compounded annually and lent it to Kavita at…
A: Let the sum borrowed by Mohan be x Now, the Amount that he will have to pay at the end of year (A) :…
Q: Ken is paying off a loan by making a $50 down payment and then $50 payments at the end of every…
A:
Q: Kim borrowed $9,000 at 2 3/8% interest compounded daily. How much will she have to pay back…
A:
Q: One month from now, Kelly will make her first monthly contribution of $250 to a tax free savings…
A: Given information Monthly deposit PMT=$250 Future value FV=$55,000 Rate of interest is r=6%…
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: find the value of a $3000 certificate in 2 years, if the interest rate is 10% compounded annually…
A: Formula used;- Amount = Principal(1+rate/100) n(no.of years)
Q: Sam invests $ 6500 into an account earning 6.75% interest compounded quarterly. How long will it…
A:
Q: You deposit $400 each month into an account earning 6% interest compounded monthly. How much will…
A:
Q: The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal in…
A:
Q: Rahel left a $5000 investment for 3 years in an account that paid 4% per year, compounded…
A:
Find the amount Erica owes at the end of 2 years if $6000 is loaned to her at a rate of 4% compounded monthly.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest, compounded monthly. How much money will he have saved after 5 years?Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed to invest in an account now with 7.5 APR,compounded daily, in order to reach her goal in 3 years?Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount with 8.2 APR, compounding daily, in orderto reach his goal in 5 years?