How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57% compounded monthly?

Q: Tom wants to have $6,000 in three years. At 4.75% interest compounded monthly, how much does he need…

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

A: Given, The amount obtained after 10years is $100,000. interest rate is 12% & compounded monthly.…

Q: How much did Speedy Movers borrow for a debt that accumulated to $51,238.44 in four years? The…

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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: The cost of a four-year private college education (after financial aid) has been estimated to be…

A: Given data,   Here p is amount invested. This quantity is to be found. t is number of years. Here…

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

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Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: Here, we need to find the amount we deposit at the end of each month into an investment account that…

Q: You invested $9,000 at the end of each quarter for 8 years in an investment fund. If the balance in…

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

A: Given:F.V=100,000r=15%t=18years

Q: How much money will be in your account three years after the previous deposit? If you make six…

A: The given data is: P=$2000 r=10%t=3 years Given that compounded semi-annually, therefore Interest…

Q: If Landon invests $3,000 in a 6-year certificate of deposit at the annual rate of 7.75%, compounded…

A: Let A be the amount of future value of investment,then A can be calculated as follows

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: How much must be deposited now to withdraw $4,000 at the end of each year for 20 years if interest…

A: Calculate the present value of an ordinary annuity by using tables use the following steps. Step 1.…

Q: If money earns 3.72% compounded quarterly, what single payment in three years would be equivalent to…

A: topic - compound interest

Q: Ian invested $90,000 in an account paying an interest rate of 2.6% compounded quarterly. Assuming no…

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

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

A: For monthly compound interest, we know, Where,  A = Accumulated amount  P = Principal amount r =…

Q: If $30,000.00 is invested 6 1/4%(six and one fourth percent) compounded quarterly for 8 years, how…

A: Given,            P = $30,000.00  ; r = 614%=254%=0.0625 and time = 8 years

Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: If you were to invest $800 at 8% interest compounded annually or each year, what would be your…

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Q: An investment fund pays 5% per year, compounded semi-annually, on all money invested. How much must…

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

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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: 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: 3. Find the compound amount and interest on P1, 500 at the end of 35 years and 9 months, if the…

A: Question number 3 has been solved as per the requirement of the student.

Q: If Amy needs $15,000 in years 6 for a down payment on a home how much should be invested today at…

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Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

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Q: How much will you get out after 12 years if you put away 1800 at 6% compounded monthly?

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Q: If you invest $10,400 at an interest rate of 2.5% compounded monthly, when will your investment be…

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Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: An employee wants to retire and receive 5 000 a month. She wants to pass this monthly payment to…

A: The provided information is  A=5000 i=8%=0.08 The the formula for perpetuity is  P=AiA=the interest…

Q: In order to have P1 million in a fund at the end of 15 years. how much must be deposited in the fund…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: If a savings fund pays interest at a rate of 3% per year compounded semiannually, how much money…

A: Compound interest is a form increments in the savings where each increment is added regularly to the…

Q: How much can be paid in scholarships at the end of each year if $650,000 is deposited in a trust…

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

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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: How much should Chad have in a savings account that is earning 2.75% compounded monthly, if she…

A: According to the problem, we have

Q: How much should a business save at the end of every quater if they need $100,000 in 5 years to pay…

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Q: If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would it take to save…

A: The savings obtained by investing an amount P at an interest rate of r % (compounded monthly) for t…

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

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Q: If $2,000 is invested for 5 years at 8% compounded quarterly, how much interest (in $) will be…

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Q: How much should you set aside and invest in a fund earning 9% compounded quarterly if you want to…

A: We need to find the amount of money that must be invested to accumulate P200,000 in 3 years and 3…

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

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Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: According to the question, we have the data set: Interest rate= 3.2 % = 0.032  n= 4 (amount is…

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

A: The compound interest formula is

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 did Speedy Movers borrow for a debt that accumulated to $58,040.76 in five years? The…

A: To find out the borrowed amount.