How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 2% interest compounded monthly.

Q: Robin, who is self-employed, contributes $5,500/year into a Keogh account. How much will he have in…

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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 would you have in your account with a starting balance of $700 at 5 1/2% compounded monthly…

A: If you deposit $700 into an account paying 5.5% annual interest compounded monthly , how much money…

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

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Q: A newborn child receives a $5,000 gift towards a college education from her grandparents. How much…

A: Given that  A newborn child receives a $5,000 gift towards a college education from her…

Q: If the nominal interest rate is 14.5% per year compounded weekly, the effective annual interest…

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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: Suppose you want to have $300,000 for retirement in 25 years. Your account earns 4% interest…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: Charley’s credit card APR is 28.95% compounded daily. What is her actual interest rate per year?

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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: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

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Q: Juan Dela Cruz wants to deposit ₱5,000 every quarter at 16% compounded quarterly for 5 years. How…

A: We have to find out solution

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

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

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

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Q: Kristy Joe deposits ​$110 each month in an ordinary annuity to save for a new car. If the annuity…

A: It is given that the Cash deposit per period is P = $110.Monthly interest rate is i = 1.03%. Time…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Use formula of compound interest

Q: How much must be deposited in an account to have annual withdrawals of $ 1500 forever? Interest is…

A: To find - How much must be deposited in an account to have annual withdrawals of $ 1500 forever?…

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: 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: A person needs $15 000 for a down payment on a car. If the person invests $10 000 at 9% interest,…

A: Given  A=15000 P=10000 r=9%=0.09

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…

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Q: Find the final amount of money in an account if $5,900$5,900 is deposited at 8% interest compounded…

A: Principal Amount, P = $5900 Rate of interest per week, r = 8% = 0.08 Time, t = 55 yrs The number of…

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

A:

Q: 26. If $100 was invested for 50 years. (a) How much will you have at the end of 50 years if invested…

A: a). Given,

Q: You deposit $1,000.00 each year into an account earning 5% interest compounded annually. How much…

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Q: How much will you need to save per month to have $200,000 after 12 years, if your account earns 5%…

A: This question can be solved using the concept of annuity.

Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

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Q: How much would you need to deposit in an account now in order to have $4,500.00 in the account in 16…

A: In the given question you have to find the amount you need to deposit now in order to have $4,500.00…

Q: account

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Q: If an annual interest rate is 12% and is compounded monthly, then what is the interest rate per…

A: NOTE: Refresh your page if you can't see any equations. . the annual rate is 12% and is compounded…

Q: An insurance settlement of $1 million must replace Trixie Eden's income for the next 40 years. What…

A: Consider the given: Presentvalue=$1millionTime=40yearsInterest=7.4%=0.074 As, we know that:…

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

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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…

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 final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

Q: Suppose you want to have $300,000.00 for retirement in 35 years. You plan to make regular monthly…

A: Consider the given: FutureValue F.V.=$300,000,00time, t=35 yearsInterest, r=8%Compounded Monthly,…

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

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Q: when you retire in 15 years. If you can earn 3%

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

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

A: Total years when child is of 18 =18-3 =15 yearrate =7% compounded semi annuallyLet they set  aside…

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: How much would you need to deposit in an account now in order to have $6000 in the account in 5…

A: It is given that the interest is compounded monthly. The formula for compound interest is A=P1+rnnt…

Q: June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2%…

A: Given that t=time=17 yearsr=interest rate=2%=0.02A=annuity=?n=number of times compounded in a…

Q: How much must be placed each month into a retirement account earning 14% compounded monthly if the…

A: Given, r= 14% A= $1000000 t= 35 years n=12 (compounding monthly)