How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a debt of $60,000 in 8 years?

Q: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

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Q: A company needs $7,000,000 in 10 years in order to expand their factory. How much should the company…

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Q: An amount of $42,000 is borrowed for 10 years at 5% interest, compounded annually. If the loan is…

A: The amount to be paid back  is computed using the formula,

Q: If you have $5000,00 to invest a rate of 3.5% compounded monthly, how long would it take to save…

A: Given investment(P) = $5,000.00 interest rate(r) = 3.5% per annum Final amount(A) = $15,000.00 The…

Q: How much will have to be invested at the beginning of each year at 6%, compounded annually, to pay…

A: If P is the principal amount invested compounded annually at a rate r for time t years then the…

Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,830.77 to…

A: To determine the interest rate compounded weekly we should invest if we would like to grow $3,830.77…

Q: How much should she set aside now

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Q: Find the time required for an investment of 4,000 dollars to grow to 6,000 dollars at an interest…

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Q: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

Q: A company needs $8,000,000 in 5 years in order to expand their factory. How much should the company…

A: Solve for investment in each week

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Q: How much more would you earn in the first investment than in the se $47,000 invested for 40 years at…

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Q: How much do you need to invest at the beginning of each of the next 60 months in order to have a…

A: Since the given amount of $100,000 is deposited at beginning of each month, it is annuity due.Then…

Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

A: Interest compounded annually is calculated by the formulas, A=P1+r100t…

Q: Amelia is going to invest in an account paying an interest rate of 2.3% compounded quarterly. How…

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Q: Mason is going to invest in an account paying an interest rate of 5.3% compounded quarterly. How…

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Q: Liz wants to accumulate at least $40,000 by depositing $900 at the end of each month into a fund…

A: As the interest rate is compounded monthly:   Part (a):   Future value for the annuity is computed…

Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

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Q: At what nominal rate, compounded every 2 months, would $7,000.00 have to be invested to amount to…

A: Compound Interest: The formula for the compound interest is given by, Where A is the final Amount,…

Q: An amount of $44,000 is borrowed for 8 years at 4.75% interest, compounded annually. If the loan is…

A: A=P(1+r)t P is the amount borrowed.r is the rate of interest.t is the time.

Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

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Q: An amount of $37,000 is borrowed for 10 years at 4.25% interest, compounded annually. If the loan is…

A: Given information:- An amount of $37,000 is borrowed for 10 years at 4.25% interest, compounded…

Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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Q: A $5800 investment is made for a three-year period at an interest rate of 5.4% per year, compounded…

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

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Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

Q: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

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: An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be…

A:

Q: An investment has grown from $15,000 to $17,684.23 in 3 years, compounding monthly. What was the…

A: We have to calculate interest rate

Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: r = 11% = 0.11 Compounded annually, i.e. n = 1 t = 5 To pay of debt, i.e. A = $30000

Q: How much will you need to put away to get 700 after 9 years at 6% compounded monthly?

A: A=700 Time = 9 years ROI = 6% = 0.06 n=12 ( Compounded monthly)

Q: How much must be invested at the beginning of each year at 10%, compounded annually, to pay off a…

A:

Q: How much should be invested today in an account earning 6% compounded quarterly, if you need $35,000…

A: A=P(1+(r/n))nt where A = final amount P=initial amount r=interest rate in decimal n=number of…

Q: How much must a person put into the bank today if he wants $50,000 in 5 years at 6% compounded…

A: Sol

Q: Madison is going to invest in an account paying an interest rate of 5.1% compounded quarterly. How…

A: Let the amount invested in the account be P Final value of amount in the account(A) is $310 Number…

Q: For an interest rate of 9% per year, compounded monthly, the effective monthly rate is closest to:

A:

Q: . An investment fund pays 12% per year, compounded monthly, on all money invested. How much must be…

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Q: A company needs $5,600,000 in 8 years in order to expand their factory. How much should the company…

A: To find P if the interest compounded weekly, substitute 5600000 for A, 8 for t, 0.08 for r and 52…

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

A:

Q: How much did Speedy Movers borrow for a debt that accumulated to $51,034.26 in four years? The…

A: Given, Amount(A)= $ 51034.26 t= 4 years r= 3.25%= 0.0325 n= 2(semi-anually)

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: How much would you have to pay into an account at the beginning of every six months to accumulate…

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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…

Q: To yield $10000 in three years in an investment that pays interest at a rate of 5.4% per year,…

A: Solve for principal amount

Q: How much must be invested at the beginning of each year at 9%, compounded annually, to pay off a…

A: