Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. What is the balance in his account after 4 years? A)27,579.67 B) 20,160 C) 10,420.49 D) 8371.03

Q: (a) Assuming no withdrawals are made, how much money is in Charlie's account after 3 years? (b) How…

A: Present Value of the Bonus = $1900 Interest rate (r) = 1.29% The interest is compounded monthly The…

Q: The annual interest rate on a credit card is 12.99%. If a payment of $300.00 is made each month, how…

A:

Q: Your company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8%…

A: The formula to find is, Remaining balance =  (Original balance*(1+r)^n)-EMI*((((1+r)^n)-1)/r)

Q: 1. Karyan deposits $675 at the end of each year into an account that earns 5.4% per year compounded…

A: Given: Initial amount =675 Interest =5.4% Time =3 years

Q: A company plans to purchase a new piece of equipment in 16 months. If $5585 is deposited into a…

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Q: O The total simple interest owed on a loan of $8,000 after 60 months is $1,280. What is the yearly…

A: Given that total amount of loan is P=$8000 , time is 60 months or t=6012=5 years, total simple…

Q: A company plans to purchase a large piece of machinery with $2401 semi-annual payments for 23…

A: Given:- Semi-annual payment of machinery =$2401             semi-annual payments for time =23 months…

Q: A man wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: We will find out the required value.

Q: 2. Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: Given that, Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5%…

Q: order to accumulate enough money for a down payment on a​ house, a couple deposits $540 per month…

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Q: 19. Diana put $8000 in a 10-year CD paying 5% interest compounded monthly. After 2 years, she…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $467 per month…

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Q: How much must be deposited today into the following account in order to have a $130,000 college fund…

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Q: How much should you deposit semiannually into an account so that you have ​$55,000 after    3 1/2…

A: The formula used here is: A=P1+rnnt...(1) where A= future amount P=Principal amount r=Interest rate…

Q: if the interest 1,280 has not been paid each year but had been allowed to compound, how much…

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Q: Ask someone borrowing from a five-six (Bumbay) money lender. How much will be charged if you want to…

A: Here the borrowed amount is 5,000.00 which is payable in one-year. We have to find interest rate per…

Q: A payment of $13,675 is due in 2 year, $16,500 is due in 5 years, and $8,200 is due in F years. What…

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Q: A payment of $11,065 is due in 2 year, $20,000 is due in 4 years, and $8,800 is due in 7 years. What…

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Q: 6%, compounded semiannually How much will she have at Check Answer

A: THE EXPLANATION HAS BEEMN GIVEN IN THE ATTACHED FILE.

Q: To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?

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Q: A person borrowed 500,000 pesos at an interest rate of 18% compounded monthly. Monthly payments of…

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Q: 8. Scott wants to invest RM1,000 for 1 year. At Bank A, his investment will collect 3% interest…

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Q: How much will you need to invest each month over the next 30 years in order to meet your savings…

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Q: P1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: We have to find the balance at the end of 17 years.

Q: If an amount of $1521 is borrowed at a simple-interest rate of 9% for 6 years. Then the…

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Q: 34. Use the formula found in the previous exercise to calculate the initial deposit of an account…

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Q: c. If you plan to put your graduation money into an account and leave it for 20 years while you go…

A: GivenIf you plan to put your graduation money into an account and leave it for 20 years while you go…

Q: If you deposit $ 6500 into an account paying 8 % annual interest compounded monthly, then the money…

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Q: new brand of cell phone is for sale in SM at ₱ 13,499.00 in cash or in instalment terms, ₱ 2,500.00…

A: Cash price of the cell phone= ₱13,499.0 In installments, Payment will be = ₱15,687.78 ∵…

Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: Abdullah provides a donation of $4282 to an educational institution with the provision that a…

A: Given  Donation amount   P = $4282            Rate of interest       R = 10.9% compounded annually…

Q: 12) As part of his retirement planning, Mr. Allen purchases an annuity that pays 19 % compounded…

A: According to the given information, Rate of annuity (r) = 19% Yearly payment = $3500 Time (n) = 2.5…

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

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: (A) What is the present value of an annuity that pays $X per month for 10 years, where X is 2082 if…

A: Here we use geometric series formula.

Q: If an amount of $1650 is borrowed at a simple-interest rate of 4% for 5 years. Then the…

A: Given Principal=P=$1650  Rate=R=4% Time=T=5years

Q: A payment of $14,575 is due in 1 year, $16,500 is due in 5 years, and $8,300 is due in 6 years. What…

A: Please refer to the image below

Q: A father deposits 16,000 php in a trust fund for his son's education every six months for 7 years.…

A:

Q: A debt of $9179.58 is repaid by payments of $1797.52 in 4 months, $1295.22 in 16 months, and a final…

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Q: 1. What will be the accumulated value of $15,575 invested at 8.25% interest, compounded…

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Q: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

Q: A man pays P 103,869 every end of six (6) months for a car bought on installment terms. If the man…

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Q: 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an…

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Q: What is the present value of a $400,000 cash flow to be received at the end of each of the next 10…

A: The present value of the annuity is calculated using the formula  Present Value = C1-1+i-ni where C…

Q: 1. A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is…

A: Multiple questions-"As per our guidelines we are suppose to answer only one question.Kindly re-post…

Q: A payment of $1,900 is due in 3 years, and $3,800 is due in 5 years. What single payment made today…

A: We want to find the amount he want to pay now

Q: Marwan provides a donation of $3068 to a college with the provision that a scholarship is paid at…

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Q: Marwan provides a donation of $6262 to a college with the provision that a scholarship is paid at…

A: A = P ( 1+r/100)n

Q: h into a Stock mutual fund that d yearly over 25 years. utual fund after the 25 years?

A:

Q: The tree farm deposits $1,300 at the end of each month into an account paying 1.51% ordinary…

A: