Find the present value of $30,000 due in 6 years at the given rate of interest. (Round your answer to the nearest cent.) 7%/year compounded daily

Q: A retirement account is opened with an initial deposit of $6,500 and earns 9.16% interest compounded…

A: Consider the given values. P=$6500 r=9.16% t= 35 years n=12 The compound interest is defined as.…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 5…

A: From the provided information is  Present value=Amount*(1+rate)-period  PV=3000*(1+(0.066))-6*5…

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: Mike deposits $5,000 in a 3-year CD account that yields 1.5% interest, compounded weekly. What is…

A: A=P1+rnnt

Q: Arnie agrees to contribute $2,300 to the road fund at the end of each year for the next 15 years.…

A:

Q: - Brad has a government bond that will be worth $10,588.13 in seven years. The bond has an interest…

A:

Q: An insurance settlement of $1 million paid today will be invested and used to replace Trixie Eden's…

A: Part-1(Given) An insurance settlement of $1 million paid today will be invested and used to replace…

Q: Jasmine received a $38,000 loan from a bank that was charging interest at 4.50% compounded…

A:

Q: Francine currently has $75,000 in her 401k account at work, and plans to contribute $600 at the end…

A:

Q: A recent graduate's student loans total $18,000. If these loans are at 4.2%, compounded quarterly,…

A: A recent graduate's student loans total $18,000.If these loans are 4.2%,compounded quarterly,for 8…

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: Treasure mountain international school in park city, Utah,  is a public middle school interested in…

A:

Q: percent) Jose invests $7,250, at 8% interest, compounded quarterly for 10 years. Calculate the…

A: We will solve the problem

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: Brad has a government bond that will be worth $10,588.13 in seven years.  The bond has an interest…

A:

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

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A:

Q: You have a big account that has a 6% interest rate and is compounded semiannually. How much should…

A: The formula for compound interest is given by A=P1+rnnt where A is the Amount, P is the principle, r…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…

A:

Q: A corporation creates a sinking fund in order to have $580,000 to replace some machinery in 11…

A:

Q: Jarad Rodriguez deposits $10,000 at 10% compounded semiannually. At the start of year 6, Jarad…

A:

Q: Find the present value of $50,000 due in 6 years at the given rate of interest. ( Round your answer…

A: To calculate the present value P compounded monthly, substitute 50000 for A, 0.06 for r, 6 for t and…

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

A:

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: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: An individual purchased a 5-year, $10,000 promissory note with an interest rate of 3.5%/year…

A: Given: An individual purchased a 5 year, $10,000 promissory note with an interest rate of 3.5% per…

Q: An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.…

A: From the given data

Q: Patty Stacey deposits $2800 at the end of each of 5 years in an IRA. If she leaves the money that…

A: Her amount accures by the formular. A = P(1+r/n)^nt. Where her principal P = $2,800. Rate, r =7%…

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

A: FORMULA A=final amount P=initial principal balance r=interest rate t= number of time period…

Q: An account is opened with an initial deposit of $5700 and earns 1.9% interest, compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  P=5700 r=1.9%=0.019 t=0…

Q: A woman wants to borrow $12,500 in order to buy a car. She wants to repay the loan by monthly…

A:

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

A:

Q: A recent graduate's student loans total $14,000. If these loans are at 5%, compounded quarterly, for…

A: Given that, the loan amount is A=$14,000, interest rate is r=5%, time t=10 years and interest is…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A:

Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: Given Amount =$1,000,000 time 6 years rate 7.7%

Q: Find the principal to get $1000 after 2 years at 6% compounded quarterly?  Round to nearest cent.

A: It is given that, the amount after 2 years is A = $1000, n = 4 since compounded quarterly, r = 0.06.…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 15…

A: Compound Interest Formula:  A=P1+rnnt where A = Amount            P= Principal            r = Annual…

Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…

A: It is given that, Rate: 7.5% compounded monthly Time: 3 years Financial Goal: $25,000

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Given: N = 15 Years P15 = $6000 r = 5% = 0.05 k = 1 P0 = ? Formula Used: PN = P01+rkNk PN = Balance…

Q: Jesse purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: 9years +3 years =12 years r=3.5%t=11n=4 Payment received =1500×2×9+600×12×3=27000+21,600=$48,600

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

A:

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

A: Here we will use the recurring deposit formula for calculating the compound interest. Sum of the…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A:

Q: Find the value of a $1,000 certificate in 2 1/2 years if the interest rate is 3% compounded…

A:

Q: deposits

A: The deposit amount is $3,500 , the earning interest is 6.5%=0.065 compounded quarterly.

Q: Use the Zero Coupon Bond information above to answer this question. A zero coupon bond with a face…

A: