How much money would you need to deposit today at 6% annual interest compounded monthly to have 150,000Php in the account after 5 years? A 110,502.38Php B 150,729.67Php 115,940.63Php D 111,205.83Php

Q: A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: |0. Sergio's investment of $4,000 earns 2% interest compounded annually. What will be the value of…

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Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

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Q: A fireman invests $40,000 in a retirement account for 2 years. The interest rate is 6%, compounded…

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Q: How much money should you put in a savings account now that earns 3.0% a year compounded weekly if…

A: Given: Final amount= $80,000. time period t= 15 years. Interest applied weekly.(n=52)

Q: A department store charges 1.25% per month on the unpaid balance for customers with charge accounts…

A: Given Present valueP=$200 Rate of interest r per month=1.25%=0.0125 i.e. Annual interest rate…

Q: mt A = P (1+ %3D If I deposit $2,500 today in an account paying 1% interest compounded quarterly,…

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Q: the same account (an

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Q: you ave $5000 to place in a CD for 10 years. the CD pays 2.9% annual interest, compounded quarterly.…

A: Given,

Q: You would like to have $900,000 when you retire in 40 years. How much should you invest each quarter…

A: Given:Amount after 40 years, A =$900,000                                 Rate, r =4.5%=0.045…

Q: yana received a family gift of $2,500 for graduation. She wants to invest it for 4 years at a rate…

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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: landa deposits 10, 000 in a bank at the interest rate of 6% compounded annually. How much will…

A: (1)Ans:       P=10000,      r=6%     n= 3 year  amount after 3 year =  A = P(1+r/100))^n…

Q: You decide to quit using your credit card and want to pay off the balance of $2,200 in 2 years. Your…

A: This is compound interest problem

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: You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have…

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Q: 4) $9.000 is invested at 12% for 3 years. Find the ending balance if interest is compounded yearly.

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Q: account earn after 15 years

A: Tamila opened a money market account that has a 4.25% annual intrest rate compounded annually. She…

Q: How many years will it take to exhaust an IRA of $190000 if you withdraw $2100 every month? Assume a…

A: give  rate of interest  r=9%  =0.09 i=912×1100  =0.09×112  =0.0075 money withdraw every month…

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

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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: Laura has decided to invest $5,000.00 at the beginning of the quarter for 10 years. If the interest…

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Q: At age 30, to save for retirement, you decide to deposit $100 at the end of each month into an IRA…

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Q: In how many years will the amount of P10,000 triple if invested at an interest rate of 10%…

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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: A man invests $5000 in an account that pays 8.5% interest per year, compounded quarterly.(a) Find…

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Q: How much interest is earned in 5 years on P50,000 deposited in a bank paying 3% interest per annum,…

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Q: You deposit  $17000 in a bank that its interest rate is 8%  annual interest compounded quarterly…

A: Given that, P= 17000 r = 8% Snnndndnssndnndndd

Q: You deposit $4000 in an account earning 7% interest compounded monthly. How much will you have in…

A: Given that P =4000 r = 7% = 0.07 t = number of years = 15 n= number of compounding =12

Q: How much is P1,200 worth at the end of 1 year if the interest rate of 5.5% is compounded quarterly?…

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Q: Finance. Suppose that $6,000 is invested at 5.2% annual interest rate, compounded monthly. How much…

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Q: 2. If you invest $10,000 in a bank which one is a better investment? a) 9% compounded monthly b)…

A: See the attachment

Q: A department store charges 1.25% per month on the unpaid balance for customers with charge accounts…

A: Given that: A department store charges 1.25% per month on the unpaid balance for customers with…

Q: a. Bank Nizwa offers a saving account at the rate 20% simple interest. If you deposit RO 592 in this…

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Q: 18. Adwoa invested $3500 at 4.1% per year, compounded monthly, for 5 years. Determine the final…

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Q: Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest…

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Q: Finance. A person wishes to have $23,900 cash for a new car 3 years from now. How much should be…

A: 1 year consists of 52 weeks. So, the interest will be compounded 52 times annually. The formula for…

Q: "To pay off $58000000 worth of new construction bonds when they come due in 29 years, a water…

A: Let's find.

Q: How much should be invested in an account paying 8% compounded semi-annually for it to accumulate to…

A: The future value or return of investment on a deposit of amount P for a period of t years at a rate…

Q: You deposit $2000 in an account earning 4% interest compounded quarterly. How much will you have in…

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Q: You deposit $4000 at the end of each year into an account earning 7% interest compounded annually.…

A: Given,  Principal = p =  $ 4000  Rate of interest =r =  7 % compounded annually Time period = t = 30…

Q: How much would you need to deposit in an account each month in order to have $40,000 in the account…

A: Present value interest factor can be calculated using following formula = Amt*(1/1+i)^n

Q: Ali Williams invests a $25,000 inheritance in a fundpaying 5.5% per year compounded continuously.…

A: Given, Ali Williams invests $25,000 Rate of interest Compounded continuously=5.5% per year

Q: You invest $1500 with CartyFund Bank earning 8% interest compounded quarterly (4 times each year).…

A: Given amount of investment is $1500 with 8% interest compounded quarterly and the time period is 6…

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

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Q: Josiah deposits $440 in an account the earns 5.8% interest compounded annually. How much will be in…

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Q: 2. Amy invested $5,600 in a five year CD that pays eight percent compounded quarterly. What is the…

A: Compound Interest formula,A= P1+rnntWhere,A= future value or final amountP = investment or initial…

Q: 1.Martha invest $8500 at an annual rate of 5% compounded quarterly per year. How much money will she…

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Q: You want to withdraw $600 each month for the next 15 years from an account that earns 5% annual…

A: Intrest formulae for compounding monthly is given below

Q: An emplyee wants to invest 60,000 in a pension plan. One investment offers 4% compounded quarterly.…

A: We have to find total of 60000 investment at 4% compounded quarterly for 4 years. P=60000, r=4%=…