Find the future value of the given amount. Round the result to the nearest cent. $1200 at 5%, compounded quarterly for 10 years.

Q: Use a spreadsheet or financial program on a calculator or computer. Track the future values of two…

A: (a) For compounded quarterly, P = $5000 r = 6.4% = 0.064 n = 4 FV = $7500 Formula: FV=P1+rnnt By…

Q: Grandparents plan to open an account on their grandchild's birthday and contribute each month until…

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Q: What are the future value and the interest earned if $4000 is invested for 4 years at 8% compounded…

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Q: Suppose you invest $190 a month for 5 years into an account earning 8% compounded monthly. After 5…

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Q: E-Loan, an online lending service, recently offered 36-month auto loans at 4.5% compounded monthly…

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Q: 14 ​years? ​(c) How much would she lose or gain over 14 years by investing in her​ sister's firm?…

A: Solution:-

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: Chris Lynch plans to invest $500 into a money market account. Find the interest rate that is needed…

A: It is given that P=$500 A=$1500 t=18 years compounded quarterly n=4

Q: Find the amount in a saving account at the end of 5 years if the amount originally deposited is $…

A: We have to find the amount in a saving account at the end of 5 years if the amount originally…

Q: A house is rented for $6,100 per quarter, with each quarter's rent payable in advance. If money is…

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Q: A depositor opens a new savings account with $4000 at 8% compounded semiannually. At the beginning…

A: A depositor opens a new savings account with $4000 at 8% compounded semiannually. At the beginning…

Q: Grandparents plan to open an account on their grandchild's birthday and contribute each month until…

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Q: Kiara's grandmother is depositing $1,200 at the end of each quarter into a RESP to s for Kiara's…

A: - Periodic Quaterly Deposit at the end of each quarter is $1200 a). Calculating the Accumulated…

Q: Finance. A person wishes to have $28,300 cash for a new car 7 years from now. How much should be…

A: To find amount invested to get amount $28,300 after 7 years, if the account pays 4.1% annual…

Q: Angela deposits $3500$⁢3500 into an account with an APR of 2.7% for 12 years. Find the future value…

A: F. V. =P(1+r/n) nt

Q: Analysts at Sky West Airlines did a 3 year projection of expenses. They calculated that the company…

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Q: If $39,500 is invested at 6.3% for 30 years, find the future value if the interest is compounded the…

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Q: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

Q: You put in $100 monthly into a Bond Fund. The Bond Fund growns at 3.6% compounded monthy (a) Find…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=100 r=3.6%=0.036 n=12 for…

Q: A recent graduate's student loans total $16,000. I these loans are at 5%, compounded quarterly, for…

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Q: A woman deposits $12,000 at the end of each year for 15 years in an investment account with a…

A: Given that a woman deposits $12,000 at the end of each year for 15 years in an investment account…

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: Angela deposits $1500 into an account with an APR of 4.3% for 8 years. Find the future value of the…

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Q: Find the balance on an account if you invest $ 161 at 3.6% for 5 years compounded annually

A: We have to find the balance on an account if you invest $ 161 at 3.6% for 5 years compounded…

Q: A couple deposits $24,000$⁢24,000 into an account earning 3%3% annual interest for 3030 years.…

A: Given: Principal amount, P=24000 Rate of interest, r=3% Number of years, t=30 years The objective is…

Q: achel starts an IRA individual retirement account at age 26 to save for retirement she deposits $450…

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Q: A couple deposits 24,000 into an account earning 5 percent annual interest for 20 years. Calculate…

A: Given, P=24000   Interest  =r= 5% Time =t =20 years The investment compounded daily. n=365

Q: Finance. A person wishes to have $16,800 cash for a new car 6 years from now. How much should be…

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

A: We have to find the future value of each deposit if the account pays: a Simple interest: We can…

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: A couple deposits $25,000 into an account earning 5 % annual interest for 20 years. Calculate the…

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Q: Andrew deposits a fixed quarterly amount into an annuity account for his child’s college fund. He…

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Q: Find the future value of an account when $2250 is invested at 3.2% interest compounded quarterly for…

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Q: A house is rented for $7,400 per quarter, with each quarter's rent payable in advance. If money is…

A: Rent per quarter is $7400. So rent for 1 year without any interest will be 4×7400 = $29600. Now we…

Q: Parents wish to have $150,000 available for a child's education. If the child is now 8 years old,…

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Q: Find the final amount of money in an account if $7,400 is deposited at 7% interest compounded…

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Q: Lynn Ally, owner of a local Subway shop, loaned $43,000 to Pete Hall to help him open a Subway…

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Q: A couple deposits $15,000 into an account earning 5% annual interest for 20 years. Calculate the…

A: Principal amount =$15,000 Annual rate of interest= 5 % = 0.05 Time of investment = 20 years This…

Q: Find how much money needs to be deposited now into an account to obtain $8,000 (Future Value) in 9…

A: I am attaching image so that you understand each and every step.

Q: A couple deposits $⁢24,000 into an account earning 2% annual interest for 25 years. Calculate the…

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Q: Finance. A person wishes to have $27,200 cash for a new car 7 years from now. How much should be…

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Q: Kimberly Miller Compounding - Solve for Principal Nov 09, 10:13:12 PM Watch help video Brayden is…

A: Solve for principal amount

Q: Grandparents plan to open an account on their grandchild's birthday and contribute each month until…

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Q: each month for 9 years and the interest rate is 7.2% compounded monthly. N= FV=

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Q: Find the future value if $9000 is invested for 13 years at 13% compounded annually. (Round your…

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Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

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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: Find the future value and interest of $10,000 at 6.3% compounded annually for 20 years. A. Future…

A: This question belongs to compound interest. We have to find amount and interest.

Q: Jennifer's pension plan is an annuity with a guaranteed return of 6% per year (compounded monthly).…

A: Given query is to find the amount received per month after retirement.