How much would you need to deposit in an account now in order to have $6000 in the account in 15 years? Assume the account earns 6% interest compounded monthly. $ %24

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

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Q: Eight thousand dollars has to be invested for ten years. For each option below, calculate the…

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Q: Finance. A person wishes to have $24,400 cash for a new car 4 years from now. How much s ccount now,…

A: INTRODUCTION: The formula for compound interest is given by, A=P1+rnnt Where P is the principal…

Q: You would like to have $900,000 when you retire in 40 years. How much should you invest each quarter…

A: Given:Amount after 40 years, A =$900,000                                 Rate, r =4.5%=0.045…

Q: Find the balance on an account if you invest $ 759 at 3.9 % for 2 years compounded monthly.

A: Given: Amount of money invested is $759. Rate of interest is 3.9%. Time is 2 years. Rate is…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: You deposit $400 in an account earnings 3% interest compounded annually. How much will you have in…

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Q: Finance. A person wishes to have $20,300 cash for a new car 6 years from now. How much should be…

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

A: Given: Deposited amount  P0=400           Interest R=4%           Compounded anually n=1…

Q: Finance. A person wishes to have $28,300 cash for a new car 7 years from now. How much should be…

A: To find amount invested to get amount $28,300 after 7 years, if the account pays 4.1% annual…

Q: How much would you need to deposit in an account now in order to have $3000 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 $2000 in the account in 5…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

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Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

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: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

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Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 10…

A: Given,         A=3000 , t=10 years, r= 2% and compounded monthly

Q: You deposit $4000 in an account earning 7% interest compounded monthly. How much will you have in…

A: Given that P =4000 r = 7% = 0.07 t = number of years = 15 n= number of compounding =12

Q: you deposit money into an account paying 9% annual interest compounded monthly you need the account…

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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: You deposit $6000 in an account earning 7% interest compounded monthly. 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 $30,000 in the account…

A: Given, We want to have $ 30,000 in the account in 5 years   We have to find how much we need to…

Q: You deposit $400 in an account earning 7% interest compounded annually. How much will you have in…

A: Given  Principal P=400 Rate of interest r=7% year t=10 number of compounded n=1 we know that…

Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

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Q: You deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in…

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Q: Finance. A person wishes to have $23,900 cash for a new car 3 years from now. How much should be…

A: 1 year consists of 52 weeks. So, the interest will be compounded 52 times annually. The formula for…

Q: You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The principal amount is P = $ 5000. Rate of interest is r = 5%. The number of times the…

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

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

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: account

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Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…

A: Initial amount=P= 600 Interest rate= r= 7%=0.07  Time=t= 20 years Number of times compounded in a…

Q: in

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Q: You deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in…

A: From the provided information FV=P*((1+r)n-1r)FV=4000*((1-0.02)5-10.02)FV=20816

Q: You deposit $2000 in an account earning 4% interest compounded monthly. How much will you have in…

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Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

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Q: Finance. A person wishes to have $27,200 cash for a new car 7 years from now. How much should be…

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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: Formula: A=P1+rnnt where A= Final amount P= Principal initial balance r= Rate of interest t= Time…

Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

A:

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

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

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Q: МАЗВ A student borrows money to buy furniture for a new apartment. The student will pay back $125.42…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: At the start of each month you put $100 into an account that pays 6%, compounded monthly. After 10…

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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…

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