If I have an account of $9,000 compounded at 6%, what is my balance at the end of one year? At the end of two years?

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

A:

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

A:

Q: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and the…

A:

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: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

Q: 6. How much more money would you have by investing $100,000 for 1 year into an account paying 4.2%…

A:

Q: At the time of her​ grandson's birth, a grandmother deposits $3000 in an account that pays 5%…

A: Given P = $3000r = 5% = 0.05t=21n=12A=P1+rnnt

Q: If the bank advertises its rate as 6.2% compounded monthly, and another bank advertises its rate as…

A: Given:  Bank A gives the rate of interest at 6.2% compounded monthly. Bank B gives the rate of…

Q: If $4000 is deposited at the end of each half year in an account that earns 6.7% compounded…

A: According to the given information it is required to find the number of half years it will take so…

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: (a) If $1000 is invested at 5% compounded monthly, howmuch is there after 8 months?(b) If you want…

A: Given:         Amout of compound interest is given by,A=P1+rnntWhere,A= amount, P= initial amount,r=…

Q: race invested $5,200 in an account paying an interest rate of 4.6% compounded daily. Assuming no…

A: Recall: Formula,  Future value, FV=P1+rnnt We have, P=$5,200, r=4.6%=0.046, n=365(since, compounded…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: You have $10,000 in a bank. If you get 4% compounded monthly and withdraw $400 at the end of each…

A: You have $10,000 in a bank. If you get 4% compounded monthly and withdraw $400 at the end of each…

Q: A man buys a car for $20,000. If the interest rate on his loan is 12% compounded monthly, and if he…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=500 t=36 months…

Q: If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D) monthly;…

A:

Q: (b) If $2000 is invested today at 8% compounded quarterly, how much would it be worth in 2030? 2022…

A: b) Given : r=8% = 0.08     P = $2000     n = 4 ( quarterly )     t = 2030 - 2022 = 8 years  So…

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

A:

Q: . With a present value of $135000,what is the size of the withdrawals that can be made at the end of…

A:

Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

A:

Q: If $11,000 is invested at 6% compounded quarterly, what is the amount after 4 years?

A: Please find attachment for the details solution

Q: If you invest $150 each month into an account earning 3% compounded monthly, how long will it take…

A: Here the required formula is given by,                                 A=d1+rnnt-1rn           ...…

Q: a wants to have $200,000 to buy a smaller retirement home in 20 years. If they can earn 4.5%…

A: To calculate the amount that Mika should deposit in his account now to have $200,000 in 20 years.…

Q: If I invest $25,000 in a savings account which has a 5.75% interest rate and is compounded…

A:

Q: How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly?…

A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

A: Given that ,principal amount that investedP=$25,000the rate of interest r=5%=5100=0.05time in…

Q: If Jean invests $2300 in a retirement account with a 6% interest rate compounded annually, how long…

A: To determine the time required for the investment to accumulate to $ 4150.

Q: With a present value of $125,000, what is the size of the withdrawals that can be made at the end of…

A: PV = 125000 n = 10year = 40 quarters r = 0.079/4 = 0.01975

Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: Approximately how much money would Manny have if he invested $1,200 at an interest rate of 5% for 7…

A:

Q: young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

A:

Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

A:

Q: With a present value of $135,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

A: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

A:

Q: With a present value of $125,000, what is the size of the withdrawals that can be made at the end of…

A: The present value P = $125,000 Time t = 10 years Rate r = 7.8% compounded quarterly To find amount

Q: an investment company pays %5 compounded semiannually, how much should you deposit now to have…

A: If an investment company pays %5 compounded semiannually, how much should you deposit now to have…

Q: A couple believes they can afford a monthly house payment of $1,700 and would like a 30-year…

A:

Q: Suppose you want to borrow $20,000 for a new car. You can borrow at 6% per year, compounded every…

A: P = monthly payment PV = loan amount r = rate of interest n = number of periods

Q: Blue Spruce Motel will need to replace all of its bedding in six years, at a cost of $20,000. How…

A: Blue Spruce Motel will need to replace all of its bedding in six years, at a cost of $20,000.

Q: A company needs $4,600,000 in 11 years in order to expand their factory. How much should the company…

A:

Q: Sophie owes Sam P75,000.00 due in one year and P225,000.00 due in 4 years. She agrees to pay…

A: The effective annual interest is calculated using the formula Effective Annual interest Rate=1+inn-1…

Q: Ahmed invested $1,542 in a savings account, and three and a half years later his investment amounted…

A: This question is related to compound interest, We will solve it using given information.

Q: If you put $900 in the bank at 5% annual interest for 10 years compounded semiannually, how much…

A: Determine the accumulated amount if $900 is deposited in the bank at 5% annual interest for 10 years…

Q: A man pays P 129,254  every end of six (6) months for a car bought on installment terms. If the man…

A:

Q: you want to retire with $1,500,000 in 40 years and can earn a rate of 10.8% with monthly…

A: We can find pmt using Excel .

Q: Maryam is planning to invest P150,000. Bank A is offering 7.5% compounded semi- annually while Bank…

A: The principal will be equal to 1,50,000 . From bank A , The rate = r               =7.5%…

Q: An insurance policy offers you the option of being paid $750 per month for 20 years or a lump sum of…

A:

Q: If you were to invest $400 at 3% interest compounded annually or each year, what would be your…

A:

Q: If $18,000 is invested at 6% compounded monthly, what is the amount after 5 years?

A: Answer to question 1. The principal amount is, P = $18,000. The interest rate is r = 6%. The number…