Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

Q: Find the balance on an account if you invest $ 1,758 at 3.4% for 22 years using simple interest.

A: Given:P The amount invested is $1758 at interest rate 3.4% for 22 years. To find : The balance in…

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

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Q: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

A: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

Q: A college plans to set up an endowment fund that will provide a scholarship of $4,000 at the end of…

A: Given that the scholarship a college provides at the end of every quarter year in perpetuity is…

Q: Find the final amount of money in an account if $3,600$3,600 is deposited at 5.5% interest…

A: Formula:   Final amount=P1+rnnt We have, P=$3,600, r=5.5%=0.055, n=1(since, compounded annually),…

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

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: You deposit $10,000 in an account that pays 2.88% annual interest. Find the balance after 2 years…

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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: 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: Find the final amount of money in an account if $2,000$2,000 is deposited at 2%2% interest…

A: Given data, Principal amount=$2000 Interest=2%=0.02 Compunded quarterly which means n=4 Time(t)= 5…

Q: You deposit $10000 in a bank that pays annul interest rate of 6% compounded quarterly. How much your…

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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: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: Find the ending balance: $30,000 for 5.5 years at 6% annual compound interest

A: Final amount formula for compound interest is, A=P1+rnnt A- final amountP- Principal amountr- Rate…

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

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Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

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: 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…

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Q: Personal Loan: Brent Pickett borrowed $4000 from his brother Dave. He agreed to repay the money at…

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

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Q: You deposit $7900 in an account that pays 1.29% annual interest. Find the balance after 5 years when…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Lynn Ally, owner of a local Subway shop loaned  $60,000 to Pete Hall to help him open a subway…

A: According to the given information,

Q: You deposit $4000 in an account earning 7% interest compounded monthly. How much will you have in…

A: Given that P =4000 r = 7% = 0.07 t = number of years = 15 n= number of compounding =12

Q: you deposit money into an account paying 9% annual interest compounded monthly you need the account…

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Q: Brad invests $6,700.00 in an account paying 6% compounded monthly. How much is in the account after…

A: Given that Brad invests $6700.00 in an account paying 6% compounded monthly. Find how much is in the…

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: Steven put money into an account six years ago that earns an annual interest rate of 8% compounded…

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Q: $14,000 at 10% compounded semiannually for 9 years final accumulated amount     $   total interest…

A: Where P=principal amount              r=interest rate              n=number of days in a year (365)…

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: Find the final amount of money in an account if $8000 is deposited at 2.5% interest compounded…

A: Initial amount= P= 8000 Time= t= 5 years  Interest rate=r= 2.5%= 0.025  Number of times compounded…

Q: Down Payment To start a new business, Beth deposits $1000 at the end of each 6-month period in…

A: Given: Deposits at 6 month period=$1000Rate of interest compounded semiannualy=8%Total time period=8…

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: deposit

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

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Q: Find the balance if $23000 is invested in an account paying 6 % interest compounded quarterly for 11…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

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Q: account

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Q: A credit card charge 29% p.a interest compounded daily. Assuming that you borrow $3000 on the credit…

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Q: A recent graduate's student loans total $13,000. If these loans are at 5%, compounded quarterly, for…

A: The formula for present value of ordinary annuity formed by R payments with interest i for n periods…

Q: You deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in…

A: From the provided information FV=P*((1+r)n-1r)FV=4000*((1-0.02)5-10.02)FV=20816

Q: Periodic Deposit $? at the end of each year Financial Goal $160,000 Rate Time 15 years |5%…

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Q: Find the balance if $24000 is invested in an account paying 7 % interest compounded semi-annually…

A: Given that: Principal=$24000 Rate of interest=7% semi anually and time=8 years

Q: At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of…

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Q: Ned deposits $15,000 in a certificate of deposit.  The annual rate is 9% and will be compounded…

A: We know the compound interest formula:A=P1+rnntWhere A=final amount          P=Principle amount…

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

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Q: A bank features a savings account that has an annual percentage rate of 3 % with interest compounded…

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Q: A loan $43,000 of is made at interest 5%, compounded annually. After how many years will the amount…

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Q: ow much will you have in th

A: Given that: You deposit $4000 in an account earning 3% interest compounded monthly.