How much would you need to deposit in an account now in order to have $4,000.00 in the account in 20 months? Assume the account earns 3.82% simple interest. You would need to deposit in your account now.

Q: Melanie invests $13,000 at 13% simple interest for 1 year. How much is in the account at the end of…

A: Substitute 13000 for P, 13% for r and 1 year for t in the simple interest formula I=Prt and…

Q: Find the balance on an account if you invest $ 1,758 at 3.4% for 22 years using simple interest.

A: Given:P The amount invested is $1758 at interest rate 3.4% for 22 years. To find : The balance in…

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

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Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

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Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 14…

A: We will find the principal for given problem.below find the detail solution in image.

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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

A: For Cash Flow at period 1=C1, rate of return = r and number of periods = n, the Present Value…

Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…

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Q: You deposit $6000 in an account earnings 3% interest compounded monthly. How much will you have in…

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Q: You deposit $500 each month into an account earning 4% interest compounded monthly. a) How much will…

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Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much will…

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Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. a)…

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Q: How much money do you need to deposit in a bank today if you are planning to have $5000 in four…

A: Here we have to find hoe much money do you need to deposit in a bank today if you are planning to…

Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

A: total amount to be paid after 8 years = $135046.5623   explanation is given below

Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: You deposit $175 in an account that pays 4% interest compounded quarterly. How much will you have in…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: You deposit $200 each month into an account earning 4% interest compounded monthly. a) How much…

A: according to question, we have deposit $200 each month into an account earning 4% interest…

Q: 12. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: f you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

A: In this question, the concept of compounded interest is applied. Compounded Interest  Compound…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: Let the monthly payment be P . It is provided that future value, A=10000 . The rate of interest, r…

Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

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Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 10% interest. a)…

A: The given information is that the future value is $700,000 and the number of years is 35. The…

Q: You deposit $500 each month into an account earning 8% interest compounded monthly. a.how much will…

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Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 5% interest. a) How…

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Q: It cost $200,000 to put a kid through college.  How much money would you have to deposit monthly…

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Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 5% interest. a) How…

A: Given: r = 0.05                    5% annual rate k = 12                      since depositing…

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

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Q: You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in…

A: You deposit $2000 in an account earning 8% interest compounded monthly.To determine how much will…

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 10% interest. a)…

A: The objectives are: a) How much would one need to deposit in the account each month?b) How much…

Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: We know that Simple interest = PTR/100 Here Time is 7 years and Rate is 6%  Amount is 20000$. Amount…

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

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Q: You deposit $430 each month into an account earning 4.8% interest compounded monthly. a) How much…

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Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

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Q: How much would you need to deposit in an account each month in order to have $50,000 in the account…

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Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,

Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: Given: The required amount in future is $20,000. The interest rate is 2%. The time duration is 8…

Q: A bank offers a CD that pays a simple interest rate of 5%. How much must you put in this CD now in…

A: First, always look for what you are asked to find. Here it is how much you must put into a CD.…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

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Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

A: Olivia decides to buy the furniture on credit with 9.5% interest compounded quarterly. she spend…

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. How much will…

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Q: You deposit $3000 in an account earnings 3% interest compounded monthly. How much will you have in…

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Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

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

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Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest…

A: We will find out the required values.

Q: You deposit $1000 each year into an account earning 6.1% interest. How much will you have in the…

A: Given Information :  Amount $1000 deposit each year into an account earning 6.1% interest.  Let,  P…

Q: You deposit $190 each week into an account earning 5.8% interest compounded weekly. a) How much will…

A: We have to find money in the account after 15 years, total money put in the account, total interest…

Q: You deposit $3000 in an account earning 4% interest compounded monthly. How much will you have in…

A: Here we can use formula to get required account status

Q: You want to be able to withdraw $45,000 each year for 25 years. Your account earns 10% interest. How…

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Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

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