How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple annual interest for 10 years?

Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 4% interest. How…

A:

Q: How much interest will you earn if you invest $5400 for 3 years at a simple interest rate of 4%…

A: We can solve this using simple interest formula S.I.= (P*R*T)/100

Q: You invest $500 into an account that collects 1% interest each month. If you add an addi- tional $50…

A: Solution: If you invest $ 500 in an account you will collect at the end the monthly rate of interest…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: A principal earns interest of ₱ 196.00 in 3 years and 6 months at a simple interest rate of  6 1/2%.…

A: We have to find invested principal where interest is given $196.00 in 3 years and 6 months at a…

Q: An account that’s yields 6% simple interest  annually has $2,000 how much will be in the account…

A:

Q: You deposit $400 each month for 17 years into an account earning 6% interest compounded monthly.…

A:

Q: How much interest will you earn if you invest $5100 for 4 years at a simple interest rate of 6%…

A:

Q: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. how much…

A: We put $2000 in a savings account getting 6% interest compounded daily for 5 years. We have to find…

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 9% interest. How…

A:

Q: You decide to invest $7,500 into an account that pays 1.1% annual compound interest. How many years…

A: The given problem is You decide to invest $7,500 into an account that pays 1.1% annual compound…

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 6% interest. How…

A:

Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. a) How…

A: Given. we want to have 600,000 dollar in in my account at the time of retirement which is 20 years…

Q: how much money should be deposited today in an account that earns 4.8% interest so that it will…

A: Formula:

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

A:

Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…

A:

Q: You would like to have $17,000 in your savings account in 18 years. If your savings account pays…

A:

Q: You want to have $500,000 when you retire in 30 years. If you can earn 4% interest compounded…

A: We have to set up the compound formula first.

Q: You decide to invest $7,500 into an account that pays 1.1% annual compound interest. How much money…

A: The value of the amount can be calculated using the compound interest. The formula for the compound…

Q: Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly. How much money…

A: Given problem:- Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly.…

Q: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

A:

Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A: To determine the cumulative amount accrued by the investment under the given terms.

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

A:

Q: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

A:

Q: how much money should be invested in an account that earns 7% interest, compounded quarterly, in…

A:

Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

A:

Q: You deposit $400 in an account earning 7% interest compounded annually. How much will you have in…

A: Given  Principal P=400 Rate of interest r=7% year t=10 number of compounded n=1 we know that…

Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Definition used -           Future value of annuity -                                FV=P(1+r)n-1r…

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: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. How…

A:

Q: How long will an amount of money double at a simple interest rate for 2% per annum? years

A:

Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: How much money should you deposit in a bank so that it will accumulate to ₱100,000 at 1% simple…

A:

Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

A:

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 8% interest. How…

A: Find the monthly payment.

Q: ack invested $7,100 in an account paying an interest rate of 3% compounded ontinuously. Henry…

A:

Q: How much should be invested to have 6000 pesos after 180 days when invested at 12% simple interest?…

A: Given : r = 12% t = 180 days A = 6000 pesos

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A:

Q: You deposit $300 each month into an account earning 6% interest compounded monthly. How much money…

A:

Q: How much money should  be invested in an account that earns 9% interest, compounded semiannually, in…

A:

Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

A:

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 6% interest. How…

A: solution:- calculate principal by compounded yearly

Q: How long will an amount of money double at a simple interest rate for 10% per annum? years

A: How long will an amount of money double at a simple interest rate for 10% per annum?

Q: How much money should I save in an account paying 5% interest compounded monthly if I want to have…

A: This question can be solve by using formula F=P1+rt Here' F=Future amount P=present amount r=rate of…

Q: Tamira invests $5,000 in an account that pays 4% annual interest. How much will there be in the…

A: Given: Principal amountP=$5000, timet=5 years, rate of interest semi-annuallyr=4% We know that if…

Q: How much do you need to invest in an account earning an annual interest rate of 4.336% compounded…

A: The formula of the compound interest is, A=P1+rnnt where  A is the future value of the investment, r…