If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded monthly. (round to the penny) a. How much money will the account contain in 10 years? $ b. How much money did you deposit in total over the 10 years? $

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A: Formula used: The future value of investment of principle amount P after t years by simple interest…

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

A: Given that:                     Principal amount, P=$2000Rate of interest, r=8%Time period, t=15

Q: If $3000 is deposited in an account paying 3% compounded quarterly, Blank 1 how much interest will…

A: First I have written compound money formula , just use them for given problem and find the interest…

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

A: See the attachment

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 decide to start a new business and need to take out a business loan for $77,000.00 for 26 years…

A: Here I am attaching image so that you understand each and every step.

Q: Recently, More Money 4U offered an annuity that pays 4.5% compounded monthly. If $1,850 is deposited…

A: Let's find.

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A: As per our guidelines we are supposed to answer only one question. Kindly repost other question as…

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

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Q: Brad invests $6,700.00 in an account paying 6% compounded monthly. How much is in the account after…

A: Given that Brad invests $6700.00 in an account paying 6% compounded monthly. Find how much is in the…

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A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

Q: An individual purchased a 5-year, $10,000 promissory note with an interest rate of 3.5%/year…

A: Given: An individual purchased a 5 year, $10,000 promissory note with an interest rate of 3.5% per…

Q: How much must be deposited today into the following account in order to have a $105,000 college fund…

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Q: You deposit $500 each month for 15 years into an account earning 6% interest compounded monthly.…

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Q: What is the total interest earned, including compound interest, if you left $500 in a savings…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

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

Q: You deposit $100 each month into an account earning 2% interest compounded month a) How much will…

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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…

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Q: A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of…

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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: You would like to have $500,000 when you retire in 40 years. How much should you invest each quarter…

A: According to question Final amount = A = $ 500,000 Time = t = 40 years Compounded quarterly implies…

Q: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

A: Given: Item worth 64,999 php initial payment was 20,000 php, interest rate is 8% compounded semi…

Q: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

A: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A: As per our guidelines we are supposed to answer first three subparts. Kindly repost other parts as…

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

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Q: Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $948 is deposited…

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Q: Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local…

A: since the scholarship is awarded for 3 consecutive years, there will be 3 students each year who…

Q: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

A: Principal amount, P = $9000 beginning of year Rate  of interest, R = 5% Time period, t = 10 Time…

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

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Q: Jesse purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: 9years +3 years =12 years r=3.5%t=11n=4 Payment received =1500×2×9+600×12×3=27000+21,600=$48,600

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

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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: You take out a 10-month, $2,000 loan at 8% annual simple interest. How much would you owe at the end…

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Q: 9. You deposit $300 into an account each month earning 6% interest compounded monthly. (A) How much…

A: Given:         Principal =$300       Interest rate =6%       Interest rate compounded monthly…

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Q: Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She…

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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…

A: This question is based on Compound interest.

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