How much must be deposited today into the following account in order to have $50,000 in 5 years for a down payment on a​ house? Assume no additional deposits are made.   An account with quarterly compounding and an APR of 7.6​%

Q: How much must be deposited today into the following account in order to have a $150,000 college fund…

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Q: How much must be deposited today into the following account in order to have $70,000 in 6 years for…

A: Amount A = $70000 Rate of interest, R = 4.6% compounded quarterly   Time, n = 6 years = 24 quarters…

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

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: Suppose mr. Sison would like to save P5,000 every month in a fund that gives 9% compounded monthly.…

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Q: How much must be deposited today into the following account in order to have $55,000 in 6 years for…

A: To find how much money should be deposited today .

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: A borrower had a loan of $20,000.00 at 6% compounded annually, with 12 annual payments. Suppose the…

A: Given information Loan amount P=$20,000 Interest rate r=6% compounded annually ⇒r=6100=0.06 As loan…

Q: A borrower had a loan of $30,000.00 at 6% compounded annually, with 6 annual payments. Suppose the…

A: Given Total amount P=30000Rate r=6%=0.06Annual payment n=6Time t=3 year

Q: A borrower had a loan of $50,000.00 at 6% compounded annually, with 7 annual payments. Suppose the…

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Q: 5. What principal you have to deposit in a 4.5% saving account compounded monthly in order to have a…

A: Step 1: The equation for amount accumulated after n years with compound interest i is,…

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

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

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Q: A new employee charged $6700 on his credit card to relocate for his first job. After noticing that…

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Q: Apollo Enterprises has been awarded an insurance settlement of $6,000 at the end of each 6 month…

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Q: With a present value of $140,000, what is the size of the withdrawals that can be made at the end of…

A: To find - With a present value of $140,000 what is the size of the withdrawals that can be made at…

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…

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Q: With a present value of $150,000, what is the size of the withdrawals that can be made at the end of…

A: given: Pv=150,000 n=10 r=6.3% compounded quaterly

Q: How much must be deposited today into the following account in order to have $65,000 in 5 years for…

A: Given that, The amount in the account after 5 years should be $65000. Rate of interest on the loan…

Q: determine the interest rate in % compounded annually if the compound amount factor is 1.069 for a…

A: The formula for compound interest is A= P(1+rn)nt Where A = accumulated amount, P= principal, r =…

Q: #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly.…

A: We have to find amount

Q: Patty Stacey deposits $2800 at the end of each of 5 years in an IRA. If she leaves the money that…

A: Her amount accures by the formular. A = P(1+r/n)^nt. Where her principal P = $2,800. Rate, r =7%…

Q: Find the payment R needed to accumulate $12,500 with 60 monthly installments over a period of 5…

A: Future value (FV) of an annuity, R over n periods at an interest rate per period of i is give by:

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

Q: Municipal Hydro offers to acquire a right-of-way from a property owner who receives annual lease…

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Q: If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

A: Given:-       If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what…

Q: Given a principal of Php. 100,000.00 payable for 2 years at 3% compounded quarterly. What is the…

A: Interest per conversion period is given by annual interest rate divided by number of periods Here…

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: Find the compound for the deposit. Round to nearest cent. 24,391$ at 8.5% compounded daily for 5…

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Q: The Pirerras are planning to go to Europe 5 yr from now and have agreed to set aside $200/month for…

A: Given The periodic payment (R) $200 per month. Periodic interest rate (r) is 8% per year. Periods…

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…

Q: Find the interest earned by a deposit of 22,250 at 9 1/4% interest compounded monthly for twenty…

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Q: An insurance settlement of $2.5 million must replace Trixie Eden's income for the next 25 years.…

A: Given: An insurance settlement of $2.5 million must replace Trixie Eden's income for the next 25…

Q: 2. How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: 2 Given information A=$30,000 APR=6% ⇒r=6100=0.06 Time t=10 years Since, rate of interest compounded…

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: Find the present value of an ordinary annuity with payments of $19,502 quarterly for 9 years at…

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Q: A payment of $31,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…

A: We need to find payment.

Q: A company currently owes $35,000 to a bank for a loan it took 5 years and 7 months ago. The interest…

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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…

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

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Q: How much must be deposited today into the following account in order to have $30,000 in 8 years for…

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Q: The price of a new car is $20,000. Assume that an individual makes a downpayment of 25% toward the…

A: Given that The price of a new car is $20,000. Assume that an individual makes a downpayment of 25%…

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: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Solution is given below:

Q: A family needs to take out a 30 year home mortgage loan of $90,000 through a local bank. APR for a…

A: (a) Calculate the monthly payment for the loan EMI. P=90,000r=5.1%=0.05112 monthlyt=30 yearsn=30×12…

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

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

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