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

Q: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…

A: For compounded monthly, n=12

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

A: A=P1+rnnt

Q: Find the future value of the indicated principal 30000 at 8% compounded annually for 10 years

A: To find: The future value of the amount 30000 at 8% compounded annually for 10 years. Given: The…

Q: An account that pays 6% compounded MONTHLY has $2000 deposited at the end of every month. Find the…

A:

Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: The Weidmans want to save $50,000 in 3 years for a down payment on a house. If they make monthly…

A:

Q: John and Rosamond Want to retire in six years and can save $190 every three months. They plan to…

A:

Q: Kathy Crag, the owner of The Fabric Corner, lent $15,000 to Dani Flynn to open her own card shop.…

A:

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

A:

Q: Jaspreet set up a fund that would pay his family $4,500 at the beginning of every month, in…

A: We can evaluate the following as follows

Q: The Weidmans want to save $25,000 in 2 years for a down payment on a house. If they make monthly…

A: Amount required in 2 years (Future value) =$25,000Time in months (n) = 2*12=24Interest rate is 12%…

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

A: The formula for calculating compound interest when time period is specified in years and interest…

Q: A P2000 loan was originally made at 8% simple interest for 6years. At the end of this period the…

A: Given that:                  Principal amount, P=P2000Simple interest rate, r=8%Time period, t=6…

Q: 5. If you deposited $1500 into an account that paid 2% interest, compounded monthly, what would be…

A: Please refer to the image below

Q: Evaristo would like to invest N$ 12,500.00 a month at the beginning of each month at an interest…

A: To find the C.I.

Q: A family wants to have a $170,000 college fund for their children at the end of 17 years. What…

A:

Q: The Weidmans want to save $35,000 in 3 years for a down payment on a house. If they make monthly…

A:

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A: Given, The owner of Oak Hill Squirrel farm deposits 2000 at the end of each quarter into an account…

Q: What amount should be deposited today to buy for a P 216,000.00 house and lot in 6 years? The bank…

A: We need to find the amount that should be deposited today to buy for a P 216,000.00 house and lot in…

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

A:

Q: Cameron set up a fund that would pay his family $4,000 at the beginning of every month, in…

A: We have to find the size of investment.

Q: If you finance $15,000 for 3 years at 6% compounded monthly, the monthly payments will be…

A:

Q: The Weidmans want to save $20,000 in 2 years for a down payment on a house. If they make monthly…

A:

Q: Find the lump sum deposited today that will yield the same total amount as payments of $14,000 at…

A:

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: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: Find the present value of $30,000 due in 4 years at the interest rate of 5%/year compounded monthly?…

A: The future value of investment is A=$30,000 Number of periods is n=4×12=48 Periodic interest…

Q: Juan Dela Cruz wants to deposit P5, 000 every quarter at 16% compounded quarterly for 5 years. How…

A: Compound Interest: A=P(1+rn)nt P: the principal, amount of deposit  A: the new balance  t: the time…

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: Devin set up a fund that would pay his family $3,500 at the beginning of every month, in perpetuity.…

A:

Q: The winner of a "million dollar" lottery is to receive $50,000 plus $50,000 at the end of each year…

A:

Q: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

A:

Q: What single payment today would replace a payment of $900 in 3 years and a payment of $3,900 in 4…

A: The compound interest formula is A=P1+r100n, where A is the amount, P is the principal, r is the…

Q: The owner of Oak Hill Squirrel Farm deposits $1,000 at the end of each quarter into an account…

A: The amount of the deposit is $1000. The rate of interest is 2.5% compounded quarterly. The time…

Q: Find the compound for the deposit. Round to nearest cent. 24,391$ at 8.5% compounded daily for 5…

A:

Q: Find the future value of the given amount. Round the result to the nearest cent. $6000 at 9%,…

A:

Q: Find the simple interest on a $4,520 principal, deposited for 6 years at a rate of 2.25%. Round to…

A:

Q: A family wants to have a $180,000 college fund for their children at the end of 18 years. What…

A:

Q: The Weidmans want to save $40,000 in 3 years for a down payment on a house. If they make monthly…

A: Given data  D = 40,000 r = 0.12 N = 12 x 3 = 36  We want to make monthly deposit to generate a…

Q: The Weidmans want to save $45,000 in 4 years for a down payment on a house. If they make monthly…

A: It is given that the Weidman’s want to save $45,000 in 4 years for a down payment.The interest is…

Q: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

Q: Find the compound interest earned by the deposit. Round to the nearest cent. $4000 at 4% compounded…

A: Given:

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: Find the present value in pesos, of a perpetuity of 15,000 payable semi-annually if money is worth…

A:

Q: Find the present value of an ordinary annuity

A:

Q: The winner of a "million dollar" lottery is to receive $40,000 plus $40,000 at the end of each year…

A:

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

A:

Q: Determine the present value of P 6,800 paid at the end of each subsequent quarter for 7 years if…

A: Given information PMT=$6,800 Rate of interest r=6% ⇒r=6100=0.06 Time t=7 years Since, interest is…

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.