Find the future value of the investment. (Round your answer to the nearest cent.)            $4,000 for 4 years at 4.25%, compounded monthly $

Q: You deposit $3,000 into a savings plan at the end of each year for three years. The interest rate is…

A: We have deposit amount is P=$3,000 Rate of interest = 5% = 0.05 Time = 3 years. Now, the value of…

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

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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: RETIREMENT Jason Horton works for Chevron as a welder on offshore drilling rigs. His retirement plan…

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Q: BOND FUND The community college where Roman Rodriguez works has an endowment funded by alumni and…

A: From the given information, identify the values of the principal investment (P), the annual interest…

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

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Q: Finance. A person wishes to have $24,400 cash for a new car 4 years from now. How much s ccount now,…

A: INTRODUCTION: The formula for compound interest is given by, A=P1+rnnt Where P is the principal…

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 how much money needs to be deposited now into an account to obtain $7,200 (Future Value) in 8…

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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: A man buys a house for $390,000. He makes a $150,000 down payment and amortizes the rest of the…

A: price of the house is $39000 down payment is $150000 so the loan amount is

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: Use the formula for the value of an annuity to solve:Here are two ways of investing $30,000 for 20…

A: The future value after 20 years from the lump-sum investment can be calculated as follows:…

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: You deposit $9000 in an account that pays 5.5% interest compounded quarterly.   A. Find the future…

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Q: 20. Lightening Computers, worth $480 million, is expected to grow at 10% per year compounded…

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Q: You deposit $13,000 in an account that pays 4% interest compounded quarterly.   A. Find the future…

A: Given information Principal = $13,000 Rate of interest = 4% Time = 1 year Compounded quarterly

Q: engineering econ question By the condition of a will, the sum of P 2,000 is left to a girl to be…

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Q: You want to buy a $19,000 car. The company is offering a 3% interest rate compounded monthly for 60…

A: Given that you want to buy a $19,000 car. The company is offering a 3% interest rate compounded…

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: A principal earns 9% per year simple interest. How long will it take for the future value to double?…

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

A: FV = P(1+TR)

Q: Finance. A person wishes to have $23,800 cash for a new car 7 years from now. How much should be…

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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: A woman deposits $14,000 at the end of each year for 11 years in an account paying 5% interest…

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

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

A: Given Information -  Present value (PV) = $150 Rate of interest (R) = 634% = 274% Time period (T) =…

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

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Q: Pensions Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded…

A: We need to find the money Meg and her employer should deposit in her account.

Q: Parents wish to have $140,000 available for a child's education. If the child is now 8 years old,…

A: Let's find amount that should be set aside.

Q: Investments Find the 7-year future value of aninvestment of $20,000 placed into an account thatpays…

A: The amount of investment is $20,000 The time period of the investment is 7 years The rate of…

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

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Q: 13. VALUE OF A BUSINESS Jessie Marquette believes her hair salon is worth $20,000 and estimates that…

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

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Q: College Tuition The Toshes need to have $80,000 in12 years for their son’s college tuition. What…

A: let P dollars are invested for t years at annual rate r, where interest is compounded k times per…

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

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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: Annuities Find the present value of an annuity thatwill pay $500 at the end of each year for 20…

A: Annuity is similar to a long term insurance that we pay periodically and receive disbursements in…