How much money would you have to invest today at 8% APR compounded monthly to accumulate the to two decimal places.) sum of $150,000 in 40 years? (Round your answer %24

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: We can solve the problem by following steps.

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: If you want to earn 2% annual simple interest on an investment, how much should you pay for a note…

A: Given that: Amount A=$15500 Time, t=10 months, Rate of interest, r=2%

Q: How long will it take an investment of $5000 to double if the investment earns interest at the rate…

A: We are given: Initial investment (P) = $5000 Accumulated amount (A) = $10000 ( Since we need…

Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: Given that, Annual Amount=$31 Annual rate of interest=5.7% r=0.057 Time (T) = 2015-1626 T=389 years…

Q: How much money should be invested in an account that earns 9% interest compounded quarterly to yield…

A: Given: FV=$10,000 t=4 yearsr=9%n=4 compounded quarterly Let the money invested is P…

Q: Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for…

A:

Q: If you want to earn 7% annual simple interest on an investment, how much should you pay for a note…

A: Here in the problem given that              The annual Simple interest rate is r=7%  Rate of the…

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

A: The annuity formula is PN=d1+rkkN-1rk where PN is the total amount after N years, d is the monthly…

Q: When your first child is born, you begin to save for college by depositing $125 per month in an…

A: Here we find future value.

Q: If $400 is invested at an interest rate of 5% per year, compounded quarterly, find the value of the…

A:

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: A couple received a $136,000 inheritance the year they turned 47 and invested it in a fund that…

A: Given : Present value of deferred payment = 136000

Q: Find the amount that results from the investment. Round the answer to the nearest cent. $480…

A: If P is present value and r is the rate compounded n times in a year, then the future value (A) at…

Q: You choose to invest your $3,310 income tax refu d check (rather than spend it). In an account…

A:

Q: A couple received a $136,000 inheritance the year they turned 46 and invested it in a fund that…

A:

Q: How much (in dollars) is needed in an account that earns 9.6% compounded monthly to withdraw $1,000…

A:

Q: If you want to earn 3% annual simple interest on an investment, how much should you pay for a note…

A: Given: r = 3/100 =0.03 A= 17500 t = 10/12  Note : If the time is given in terms of months, then we…

Q: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

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: When your first child is born, you begin to save for college by depositing $225 per month in an…

A: Initial amount of investment is $225 per month

Q: How much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

A:

Q: How much money should be invested every quarter at 8% per year, compounded quarterly, in order to…

A: The solution for the above question is as shown below.

Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

A: Given data : Formula used:

Q: A couple received a $138,000 inheritance the year they turned 46 and invested it in a fund that…

A: We have to find how much will this investment provide at the end of each half year (in dollars) for…

Q: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

Q: Use the compound interest​ formula, A=P1+rnnt​, to solve the problem given. Round answers to the…

A:

Q: Sumi Kato's savings account has a balance of $1292. After 12 years what will the amount of interest…

A: Compound interest formula

Q: Complete the table by determining the amount of money P (present value) that should be invested at a…

A: NOTE: Refresh your page if you can't see any equations. . A=100000 r=7%=0.07 n=365 for daily…

Q: If you want to earn 3% annual simple interest on an investment, how much should you pay for a note…

A: Given:

Q: When your first child is born, you begin to save for college by depositing $275 per month in an…

A: Given data Total money depositing per month is $275. Rate of interest is r=12%=0.12 per year.…

Q: If $1200 is invested at an interest rate of 2.75% per year, compounded quarterly, find the value of…

A: Use formula to calculate

Q: If you want to earn 4% annual simple interest on an investment, how much should you pay for a note…

A:

Q: If you want to earn 3% annual simple interest on an investment, how much should you pay for a note…

A: Investment

Q: How much will $12,500 become if it earns 6% per year for 50 years, compounded quarterly? (Round your…

A: We have given  P=$12500, R=6% t=50 and compounded quaterly. We know the formula for compouded…

Q: What annual compound interest rate is required for the debt of a compound interest loan to grow by…

A: Let the loan amount be P. The debt amount is as follows. P+53%(P)=P+0.53P=1.53P The number of years…

Q: Find the amount that results from the investment. Round the answer to the nearest cent $480 invested…

A:

Q: How much money would you have to invest today at 6% APR compounded monthly to accumulate the sum of…

A: The amount of money that has to be invested is given by the following formula.

Q: A 10-year-old child received an inheritance of $6000 per year. This was to be invested and allowed…

A:

Q: How much more or less money would you have to invest today to have $12,000 in 2 years at 3.50%…

A:

Q: How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with…

A: Given that:

Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

A:

Q: You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have…

A:

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

A:

Q: Find the time required for an investment of 5000 dollars to grow to 7900 dollars at an interest rate…

A: accumulated amount A=7900, amount invested P=5000, rate of interest r =7.5%=0.075, compounded…

Q: A couple received a $123,000 inheritance the year they turned 49 and invested it in a fund that…

A: Given that, an inheritance of $123,000 is received by a couple after they turned 49, and invested it…

Q: What rate of interest (as a percent), compounded monthly, is needed for $1000 to grow to $11500…

A: P: the principal, amount invested A: the new balance t: the time r: the rate