How much must be deposited today into the following account in order to have a $150,000 college fund in 12 ​years? Assume no additional deposits are made.   An account with annual compounding and an APR of 3.2​%

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: How much must you deposit today into each of the following accounts in order to have $25,000 in 8…

A: Given the amount in the account after 8 years is $25,000.Also given that the amount compounded daily…

Q: Adam wishes to have ​$16,000 available in 22 years to purchase a new car for his son as a gift for…

A:

Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

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Q: How much would you need to deposit in an account now in order to have $5,500.00 in the account in 12…

A: Let the amount to be deposited in an account P=$x Given that the amount after 12 years is P|=$5500…

Q: How much must you deposit today into the following accounts in order to have $120,000 college fund…

A: We are given that the interest is compounded daily. So, it's better to calculate the daily interest…

Q: How much must be deposited today into the following account in order to have a $110,000 college fund…

A: Given: Future Value:  F.V.=$110,000Time Period:  t=16 yearsInterest Rate:  r=5.5%

Q: 1936 a modest cottage on the south shore of Lake Mitchell (near Cadillac) was purchased for $2500.…

A: P=2500 t=2018-1936= 82 r=5.78%

Q: race invested $5,200 in an account paying an interest rate of 4.6% compounded daily. Assuming no…

A: Recall: Formula,  Future value, FV=P1+rnnt We have, P=$5,200, r=4.6%=0.046, n=365(since, compounded…

Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

Q: How much money should Cody invest today into a fund that earns interest at 4.75% compounded…

A: Here, the effective semi-annual interest rate =1+quarterly rate2-1 where quarterly rate…

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: How much must be deposited today into the following account in order to have $65,000 in 6   years…

A:

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

A:

Q: How much would you need to deposit in an account now in order to have 5000 in the account and 10…

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Q: 17. If Joe deposits $800 in an account paying interest at an annual rate of 6% compounded quarterly,…

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Q: Frank Steed wants to open a camera shop. How much must he deposit now at 6% interest compounded…

A: To find the amount which should be deposited now at 6% interest compounded monthly to have $25,000…

Q: If P100,000 is deposited in an account paying 5% compounded quarterly, how much is in the account at…

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Q: s) How much should be invested now so that in 10 years there will be $7,000 in an punt that offer a…

A:

Q: How much would you need to deposit in an account now in order to have $5,000.00 in the account in 13…

A:

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

A: Given: The amount at end of 8 years=$32000 Rate of interest = r = 9% = 0.09 The number of times…

Q: An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ... How much…

A: Answering An investment of $4,500 was deposited into an account that pays 3.7% compounded daily. ...…

Q: What lump sum to parents need to deposit in an account earning 15%, compounded monthly, so that it…

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Q: mpounding interest and an APR of 4.5% in sume no additional deposits are made.

A: Given as, 8 years is $25,000 and APR of 4.5%.

Q: How much must be deposited today into the following account in order to have a $105,000 college fund…

A:

Q: Find the present value of $50,000 due in 5 years at the given rate (a) 5%/year compounded…

A:

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: Eight thousand dollars has to be invested for 10 years. For each option below,…

A: P = $8,000 t = 10 years. a).

Q: How much would you need to deposit in an account now in order to have 5000 in the account in 10…

A: Given data is: Amount=5000t=10 yearsr=6% compounded monthly Here, compounded monthly, therefore n=10…

Q: If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded…

A:

Q: Parents wish to have $150,000 available for a​ child's education. If the child is now 3 years​ old,…

A:

Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: Given information A=$90,000 Rate of interest r=5% ⇒r=5100=0.05 Time t=11 years Since, interest is…

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

A:

Q: a company deposited an amount of P1,200 monthly in an account invested at 3% compounded monthly to…

A: Given that: Amount deposited monthly is P 1200 Rate of interest compounded monthly is:…

Q: $3,605 is withdrawn from an account that gave 5% interest compounded semi-annually for 10 years. How…

A: solution of the given problem is below ...

Q: How much would you need to deposit in an account now in order to have $4,500.00 in the account in 6…

A:

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 8…

A: we know that the formula ,  F = P ( 1 + (r/n)) n • t  Here , F = future value  P = Principal amount…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Question is solved.

Q: A young man is a beneficiary of a trust fund established for him 16 years ago at his birth. If the…

A: Given

Q: How much must be deposited today into the following account in order to have a $115,000 college fund…

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Q: (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at age…

A:

Q: A bank offered 1.5% interest on accounts compounded monthly. (a) how much would deposit of $200 be…

A:

Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: How much must be deposited today into the following account in order to have $50,000 in 5 years for…

A:

Q: How much must be deposited today into the following account in order to have a $115,000 college fund…

A: Here, the formula used is: A=P1+rnnt...(1) where  P=present valueF=Future valuwr= raten=number of…

Q: You want to have a $60,000 college fund in 12 years. How much will you have to deposit now in an…

A: The compound interest is A=P1+rnnt. Given that,  the total amount is  A=$60,000, the number of years…

Q: A credit card offers a borrowing rate of 18% compounded daily. What is the effective rate as a…

A: Note that: Effective rate =1+inn-1 where i is the interest rate and n is the number of periods Here,…

Q: Use the Zero Coupon Bond information above to answer this question. A zero coupon bond with a face…

A: