If you invest $1000 into an account that compounds monthly at 3%, how much would you have in 5 years? O $1030.42 O $1161.62 O $1159.27 O $4399.79

Q: a) If a car depreciates at 15% per year, how long is it until it is worth half of its original…

A: a) Given that a car depreciates at 15% per year. To find the time when it is worth half of its…

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: A recent college graduate moves back in with their parents and invests their entire first-year…

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Q: Given $25,000 to invest for 26 years at 8.25% interest, how much money would you have if it was…

A: here we use two formulae to solve the above problems      1) for compounded continuously…

Q: Brad invests $2,700.00 in an account paying 10% compounded quarterly. How much is in the account…

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Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

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Q: How much money do you need to deposit in a bank today if you are planning to have $5000 in four…

A: Here we have to find hoe much money do you need to deposit in a bank today if you are planning to…

Q: To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16 years.…

A: Given that, To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16…

Q: Find the present value of 370,000 php due in 2 years if the money is invested at 7% compounded…

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Q: You promise your niece that you will give her $1 on her first birthday and double that amount every…

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Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: In how many years will the amount of P10,000 triple if invested at an interest rate of 10%…

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Q: In order to pay for college, the parents of a child invest $30,000 in a bond that pays 9% interest…

A: Given : P = 30,000 r = 9% = 9/100 = 0.09  t = 19 Semi-annually means  n = 2

Q: At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to…

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Q: How much will you have in the account after 10 years? What is the Effec rate?

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Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

A:

Q: the per age. (R your earest cel $800,000 borrowed at 7% for 2 years, with quarterly payments

A: Use formula of periodic payment

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…

Q: Ms. Cruz borrowed P50, 000 and repaid it 5 years later. If money earns interest at16% compounded…

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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: Solve Problem 20.4 using Excel.

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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 have $2000 in a savings account that pays an annual interest rate of 3.25%. How long will it…

A: Given,  Principal = p = $ 2000 Interest rate = r = 3.25 %  annually Amount = A = 2×2000 = $ 4000 We…

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: A certain currency devaluates by 3 percent per year. If the initial amount is 100 units, then what…

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Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

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: Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each year…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=8000 t=10 years r=7%=0.07…

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A: Given: Principle amount (P)= $1,000,000 Rate of interest r=12% Time period= 20 years

Q: What is the balance after 2 years on a CD with an initial investment of $2,600.00 and a 3.2%…

A: Given problem Given that   We have to find the balance after 2 years on a CD with an initial…

Q: You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How many years will it…

A: Formula: Simple interest                    SI=PTR100            Where SI- Simple interest…

Q: If you want to earn 5% simple interest, how much should you pay for a note that will be worth…

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Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

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Q: If you borrow 1800 dollars from a lending agent for 65 weeks and in the end you have to pay 270…

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Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

Q: How much should be deposited in an account every 6 months in order to have Php 3.75 million in 5…

A: i)

Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.26,…

A: Given that: Net asset value of share = $15.26Cost of share = $15.79

Q: How much do you need to deposit each month for three years into a savings account that pays 6.5% APR…

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Q: Nicole deposited $4,400 into a savings account earning 6% interest compounded quarterly. If she…

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Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

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Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: Topic:- simple interest

Q: You deposit $1000 each year into an account earning 6.1% interest. How much will you have in the…

A: Given Information :  Amount $1000 deposit each year into an account earning 6.1% interest.  Let,  P…

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: A man invested 50,000 in an investment entity that pays 5 3/8 % simple interest for 3 years and 7…

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Q: How much is $250 to be received in exactly one year worth to you today if the interest rate is 20%?…

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Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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Q: You borrow $4,000 for one year from a friend at an interest rate of 1.5% per month instead of taking…

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