If a bank pays 18% compounded monthly, how much should be deposited now to have $2000 : a) 6 years later Answer = $ b) 8 years later Answer = $

Q: If you deposit 9000$ into an account paying 5.5% annual interest compounded semiannually, how much…

A: As we know that the expression for the compound interest is:   A=P1+rnnt   Where P is the principal…

Q: As part of your retirement planning, you purchase an annuity that pays 5.25 % annual  interest…

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Q: If you deposit $250 each month into an individual retirement account (IRA) that earns 4.8% interest…

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Q: A loan of $14400 is to be repaid in end of quarter payments of $600. How many payments are required…

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

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

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Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: A man wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: We will find out the required value.

Q: Acme Annuities recently offered an annuity that pays 5.4% compounded monthly. What equal monthly…

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Q: A payment of $10,045 is due in 3 year, $18,000 is due in 4 years, and $8,100 is due in 6 years. What…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $467 per month…

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Q: If the parents in part e invested $10,000 in an account paying 8%, compounded quarterly, how much…

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Q: If a loan is to be repaid in 4 years making semi-monthly payments, how many payments will be made?

A: Given that a loan repaid in 4 years. And making semi-monthly payments. We have to find How many…

Q: Acme Annuities recently offered an annuity that pays 7.2% compounded monthly. What equal monthly…

A: Formula :-

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $209 per month…

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Q: Find the final amount of money in an account if $4, 400 is deposited at 3 % interest compounded…

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Q: if the interest 1,280 has not been paid each year but had been allowed to compound, how much…

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Q: If you borrow $5000 and,after 9 months,pay off the loan in the amount of $5500, what per annum rate…

A: Consider the given: Let the per annum rate of interest be "t",12 months = 1 year9 ​months = 0.75…

Q: A) if you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be…

A: As per the company guidelines i am solving the first question please resubmit the question for…

Q: Use the fact that Cash Price = Equity + Outstanding Debt to compute the equity in an item where the…

A: Given, Cash price = Equity + Outstanding debt Cash prize = $ 699000 Outstanding debt = $ 85000

Q: A $9,000 loan borrowed today is to be repaid by 3 equal payments due 7 months from now, 3 year and 4…

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Q: A payment of $11,065 is due in 2 year, $20,000 is due in 4 years, and $8,800 is due in 7 years. What…

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Q: At the beginning of each quarter, $1,650 is deposited into a college fund. The fund earns 7% annual…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $361 per month…

A: The future value formula isFV=PMT(1+i)n-1iwhere FV = Future value PMT = Periodic paymenti = rate of…

Q: A payment of $2,870 was due three years ago, and a payment of $1,600 is due today. What single…

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Q: A person borrowed 500,000 pesos at an interest rate of 18% compounded monthly. Monthly payments of…

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Q: How much should be paid monthly into an account paying 6% interest compounded monthly so that the…

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Q: If the principal amount borrowed is $100 and the interest for 10 years is $80, the total amount owed…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: In order to help pay for college, the grandparents of a child invest $1,650 in a bond that pays 1.5%…

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Q: In order to accumulate enough money for a down payment on a home, a couple deposit $300 per month…

A: Given, PMT = 300 r = 6% = 0.06 m = 12 t = 5 i=rm=0.0612=0.005 n = mt = 12(5)=60

Q: In order to help pay for college, the grandparents of a child invest $2450 in a bond that pays 15%…

A: Given Principal amount,P=2450 Rate of interest,i=15% Time in years,t=5.5years Number of times…

Q: How many interest payments are made in 14 years and 6 months if interest is paid quarterly?

A: Quarter in a year means 1/4 of a year. Since there are twelve months in a year therefore  quarterly…

Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

Q: How much money should be deposited in an account paying 6% interest compounded monthly in order to…

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Q: 9. In order to have P1 million in a fund at the end of 15 years, how much must be deposited in the…

A: Solution

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $421 per month…

A: Given information Amount deposited per month R=$421 Rate of interest r=3% compounded monthly…

Q: 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How…

A: There are multiple question, As per company policy ask other question separately . P = initial…

Q: If $5,700 is loaned for 16 months at a 12% annual rate, how much interest is earned?

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Q: A car lease of $12613 is to be repaid by making payments at the beginning of each month for 3 years.…

A: This is a problem of compound interest. Based on the general formula we will solve the problem.

Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: Suppose you put $475 a month for retirement into an annuity earning 6% compound monthly. If you need…

A: Given, Suppose you put $475 a month for retirement into an annuity earning 6% compound monthly. If…

Q: If a credit union awards interest of 8 percent per year compounded semiannually, what amount must be…

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Q: Determine the amount of money accumulated after 15 years if $1, 000 is invested in an account that…

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Q: If $5000 is loaned for 5 months at a 5% annual rate, how much interest is earned?

A: Given: principal amountp=$5000, rate of interestr=5% per year and timet=5 months we know that simple…

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: to the nearest cent.) $550 is deposited monthly for 14 years at 3% per year

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Q: How many interest payments are made in 7 years and 6 months if interest is paid quarterly?

A: As we know a quarter is defined as 1/4th of any quantity  And in case of interest payments we define…

Q: A college student receives an interestfreeloan of $8250 from a relative. The student will repay$125…

A: A college student receives an interest free loan of $8250 from a relative. The student will repay…

Q: If 15,000 is to be accumulated to50,000 in 5 years, what is the ratecompounded (A) quarterly? (B)…

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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)