Find the principal needed now to get the given​ amount; that​ is, find the present value. To get $800 after 2 years at 6% compounded monthly.   What is the present value of $800?

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest…

A: To find amount need to invest per month to get $800000 after retirement

Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

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 principal needed now to get each amount; that is; find the present value; To get $750 after…

A: Given:  The Amount get after two years $750 at the rate of 2.5% compounded quarterly…

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

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an…

A: To calculate the present value (amount to be invested) for the given conditions to be satisfied

Q: Crystal made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

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Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: You want to have $100,000 when you retire in 10 years. If you can earn 3% interest compounded…

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

A:

Q: Cara needs $9,000 in 11 years. What amount can she deposit at the end of each quarter at 6% interest…

A:

Q: A college atudent borrows $10,000 today at 10% interest compounded annually. For years later, the…

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Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: Find the principal needed now to get the given amount; that is, find the present value. To get…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Frank Steed wants to open a camera shop. How much must he deposit now at 6% interest compounded…

A: To find the amount which should be deposited now at 6% interest compounded monthly to have $25,000…

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

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

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

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Q: Find the balance if $30000 is invested in an account paying 4.5 % interest compounded semi-annually…

A:

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

A: Given, We want to have $ 30,000 in the account in 5 years   We have to find how much we need to…

Q: $3000 is invested for 19 years with an APR of 3.88% and monthly compounding, The account balance…

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Q: Find the principal needed now to get each amount; that is, find the present value. To get $75 after…

A: If P is the principal or the present value and A is the amount accumulated in t years at the…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

A:

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

A: To solve the following problem when compounded anually.

Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: "Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

A: Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

Q: You deposit $3200 in a bank with annual interest rate of 3.5% compounded annually. What would you…

A: The deposit is $3200, interest rate is 3.5% compounded annually. The balance amount be 5 years later…

Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…

A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000  t=duration=9…

Q: You owe $17,000 on student loans at an interest rate of 3.5% compounded monthly. You want to pay off…

A: This question is related to principal, amount ,and loan . Solve in step 2.

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: Sam begins saving for a down payment on a house using an investment account. The account earns…

A: Let's find.

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

A:

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

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: account

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Q: in

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Q: Find the amount that should be deposited today at 8% compounded monthly to receive $2,000 in 6…

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Q: Find the principal needed now to get the given amount; that is, find the present value. To get…

A: To calculate the prinicipal  invested (initial deposit) which yields the required amount under the…

Q: You want to receive ​$350 at the end of each year for 5 years. Interest is 10.7% compounded…

A: We can solve both of them using the concept of present worth as below.

Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

A:

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

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: Find the principal needed now to get each amount; that is, find the present value. To get $600 after…

A: Given: A=$600r=4%=0.04n=4 Quarterlyt=1

Q: You deposited P75,500 into a savings account that pays 4% compounded annually in interest. Your…

A: You deposit P75,500 into a saving account that pays 4% compounded annually in interest. Your friend…

Q: when you retire in 15 years. If you can earn 3%

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Q: You deposit $4000 in a bank with annual interest rate of 3.5% compounded monthly. What would your…

A: Here, P=$4000, n=1, r=0.035, and t=20.

Q: deposits

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

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: Use the given information to find the amount A in the account earning compound interest after 6…

A: We will find the solution in the following step

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.