Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded annually for 20 years

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Given information Future amount A=$43,000 Interest rate r=9% ⇒r=9100=0.09 And time t=3 months that…

Q: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

A: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

Q: You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Solution-  P = $5000 r = 5% or 0.05 t = 15 years n = 12 ( compounding monthly) Formula is given by…

Q: mt A = P (1+ %3D If I deposit $2,500 today in an account paying 1% interest compounded quarterly,…

A:

Q: Find the interest. Principal $1850 Rate Time in Months Interest 5.5% 3 The interest is $ (Round to…

A:

Q: Find the present value of the given future amount. $83,000 for 20 months at 6% simple interest What…

A: Given: Future amount(F)=$83,000Time(t)=20 months=2012yearsrate of interest=6%=6100=0.06 The future…

Q: A certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of…

A: Here we solve the given problem.

Q: Ingrid wants to buy a $22,000 car in 7 years. How much money must she deposit at the end of each…

A:

Q: You deposit $2000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: Given that:                     Principal amount, P=$2000Rate of interest, r=8%Time period, t=15

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: Find the present value of $14,500 in 8 months at 9.8% interest Give your answer to the nearest cent…

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Q: Find the present value of the given future amount. $96,000 for 15 months at 6% simple interest What…

A:

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest. Round…

A:

Q: A house and lot has a selling price of PhP 1,960,000. A client made a down payment of PhP 460,000…

A:

Q: A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can the homeowner…

A: Given that  A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can…

Q: Grandparents deposited P6,000 into a grandchild's account. How mUch money (to the nearest peso) will…

A:

Q: How many times is the rate compounded? How much is the total in the account? (ROUND TO THE NEAREST…

A:

Q: Suppose you want to have $300,000 for retirement in 30 years. Your account earns 10% interest…

A:

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 4% interest. Round…

A:

Q: Henry wants to buy a new gaming laptop worth 84,000 php. He is offered 40% of the price as down…

A: Let's find.

Q: certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of 405…

A: Given query is to find the interest rate charged.

Q: You deposit $5000 in an account earning 3% interest compounded quarterly. How much will you have in…

A:

Q: Shelby received a 15 year loan of $250,000 to purchase a house. The interest rate on the loan was…

A: Note: Hi thank you for your question. As per the guidelines we are solving the first question as…

Q: A loan company offers money at 1.5% per month compounded monthly. What is the nominal interest rate?…

A: According to question given that Loan company offer 1.5% per month compounded monthlyNominal…

Q: Caitlin purchases a retirement annuity that will pay her $2,500 at the end of every six months for…

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Q: Liza borrows 15,000Php for 3 years and agrees to pay 6 % compound interest for this period. What…

A:

Q: You want to be able to withdraw $20,000 each year for 20 years. Your account earns 5% interest…

A:

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 8% interest. Round…

A: The answer is given as follows

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

A:

Q: Find the present value of the given future amount $81,000 for 5 months at 6% simple interest What is…

A: Use formula of present value

Q: Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3%…

A: topic - application of geometric progression

Q: How much interest will this account earn, if compound interest is calculated yearly? Principal =…

A:

Q: p=559.04,r = 5.2%, t= 67 days the simple interest rounded to the nearest cent if needed

A: Obtain the simple interest for the given details as follows.r = 5.2%,  t = 67 days, p = 559.04

Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 6% interest. Round…

A: Given A=$500000 , t=20=n , r=6% , I=0.06 . To find the monthly payment .

Q: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

A: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

A:

Q: deposits $10,000 into an account paying 9 (a number bet 6, rounded to the tenths place) % interest,…

A:

Q: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's…

A:

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 10% interest. Round…

A: To calculate interest earned and the periodic payment that need to deposit to have 800,000 for…

Q: You deposit $2000 in an account earning 4% interest compounded monthly. How much will you have in…

A:

Q: Use the simple interest formula to determine the missing value. p= ?, r= 6%, t= 9 months, i = $63…

A:

Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

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Q: June Watson is contributing $4,500 each year to a Roth IRA. The IRA earns 3.3% per year. How much…

A:

Q: You deposit $2000 in an account earning 4% interest compounded quarterly. How much will you have in…

A:

Q: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $190,000 at an annual…

A: Data Given: Time: 20 years Loan Amt: $ 190000 Annual Ineterest: 8.25% = 0.0825 Answers: (a) $ 1619…

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A:

Q: You purchase a home for $274,000. You make a down payment of 15% and finance the remaining amount…

A: