How much money should be deposited today in an account that earns 7% compounded semiannually so that it will accumulate to $9000 in three years? Click the icon to view some finance formulas. ..... The amount of money that should be deposited is $ (Round up to the nearest cent.)

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: An amount of $43,000 is borrowed for 6 years at 6.5% interest, compounded annually. If the loan is…

A: Interest is compounded annually, therefore n=1

Q: What lump sum do parents need to deposit in an account earning 13%, compounded monthly, so that it…

A: If an amount P is invested for a duration of t years at a rate of r% per compounded monthly, then…

Q: A company needs $3,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given :   P = 3300000 r = 4.3 % = 4.3/100  = 0.043  t = 15  Given compound weekly so  n = 52 t = 15…

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

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Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: An investment account pays 8.5% compounded monthly. You need to have $3 million dollars when you…

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: A passbook savings account has a rate of 5%. Find the effective annual​ yield, rounded to the…

A: Consider the provided question, Given, Interest rate(r)  =  5% = 0.05 Compounded periods = 1000 So,…

Q: lohn and Rosamond want to retire in 10 years and can save $190 every three months. They plan to…

A: Given: Periodic payment (m0=$190Rate(r)=7.72%Time(t)=10 yearsNumber of payments per year(n)=5

Q: A perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How…

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Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

A: In this question, the concept of Compound interest is applied. Compound Interest Compound interest…

Q: Ben Franklin's gift of $5,000 to New York City grew to $7,000,000 in 200 years. At what interest…

A: The principal amount, P = $5,000 Future amount, A = $7,000,000 Time, t = 200 years The number of…

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

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Q: Analysts at Sky West Airlines did a 3 year projection of expenses. They calculated that the company…

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Q: If $15,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

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

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Q: If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is being…

A: Given:- If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is…

Q: How much do we earn if we invest $1000 at 10% compounded annually for 10 years?  Round to the…

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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: John Lee's savings account has a balance of $1,251.00. After 5 years, what will the amount of…

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Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

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Q: How much should a mother invest at the time her daughter is born in order to provide her with…

A: A mother invest at the time her daughter is born in order to provide her with$95,000 at age 18. The…

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

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Q: Use the formula for present value of money to calculate the amount you need to invest now in one…

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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…

A: To solve the following problem when compounded anually.

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

A: From the given data

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

A: A manufacturer set aside a fund of $1200000. Thus, Adue=1200000 The payments are made at the…

Q: A recent graduate's student loans total $17,000. If these loans are at 4.2%, compounded quarterly,…

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Q: How much money should Bryan invest today into a fund that earns interest at 5.75% compounded…

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Q: Parents wish to have $100,000 available for a child's education. If the child is now 6 years old,…

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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: If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Parents wish to have $150,000 available for a child's education. If the child is now 8 years old,…

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Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: A college wants to provide students with a perpetual scholarship of $3,000 at the end of every…

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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: How much must be deposited at the beginning of each year in an account that pays 4%, compounded…

A: First we calculate for ends of 1st and 2nd year then find a general formula.

Q: A corportation creates a sinking fund in order to have $550,000 to replace some machinery in 12…

A:

Q: Parents wish to have $140,000 available for a child's education. If the child is now 8 years old,…

A: Let's find amount that should be set aside.

Q: How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

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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: 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: Find the accumulated value of an investment of $20,000 for 5 years at an interest rate of 1.55% if…

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

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Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

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Q: What lump sum do parents need to deposit in an account

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Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

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Q: Assume that there are no deposits or withdrawals. An initial deposit of $14,000 earns 8% interest,…

A: here we will find final amount in account after 6years with compound interest,