In order to accumulate enough money for a down payment on a house, a couple deposits $724 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 5 years? ..... Type the amount in the account: (Round to the nearest dollar.)

Q: To offer scholarships to children of​ employees, a company invests ​$11,000 at the end of every…

A: Recall the following fact.

Q: How much must you deposit today into each of the following accounts in order to have $25,000 in 8…

A: Given the amount in the account after 8 years is $25,000.Also given that the amount compounded daily…

Q: Find the amount of an annuity that consists of 16 quarterly payments of $300 each into an account…

A:

Q: The total amount paid on a 5 year loan was $16,000. If the interest rate was 7% and compounded…

A:

Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying…

A: We will find out the required amount.

Q: Find the capital value of an office building for which annual rent of $50,000 will be paid in…

A: we have to find the capital value of an office building for which annual rent of $50,000 will be…

Q: If $80,000 is invested in an annuity that earns 5.8%, compounded quarterly, what payments will it…

A: Step:-1 Formula for annuity PV=P×1-(1+R)-nR Here, PV = present value, P= each payment value, R =…

Q: How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: please comment if you need any clarification. If you find my answer useful please put thumbs up.…

Q: If $90,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A:

Q: American General offers a 12 year annuity with a guaranteed rate of 6.47% compounded annually. How…

A: solution

Q: A loan of $302,000 at 4.92% compounded quarterly was to be settled with month-end payments of…

A: We will apply the compound interest formula to solve the question

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $544 per month…

A: Given: p = 544 R = 3 %  n = 12 t = 7

Q: A P2000 loan was originally made at 8% simple interest for 6years. At the end of this period the…

A: Given that:                  Principal amount, P=P2000Simple interest rate, r=8%Time period, t=6…

Q: The owner of Oak Hill Squirrel Farm deposits $1,000 at the end of each quarter into an account…

A: Given: Here the values are m=$1000 r=1.5%=1.5/100=0.015 t=8.5 years n=4

Q: Find the present value of an ordinary annuity with deposits of $10,910 quarterly for 9 years at 6.8%…

A:

Q: No payments were made on a $2,598 loan during its three-year term. What was the annually compounded…

A:

Q: Your car loan payment extends for six years at 8% interest compounded monthly. After how many months…

A: To find the number of months required to pay off half of loan.

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A: Given, The owner of Oak Hill Squirrel farm deposits 2000 at the end of each quarter into an account…

Q: If $89,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A: Given that:  $89,000 is invested in an annuity that earns 5.5%, compounded quarterly. So, PV=$…

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: Find the amount of an annuity due that consists of 13 monthly payments of $150,provided that the…

A: Given R=$150 n=13r =6%=0.06 To find the amount of an annuity due

Q: Cameron set up a fund that would pay his family $4,000 at the beginning of every month, in…

A: We have to find the size of investment.

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: Find the lump sum deposited today that will yield the same total amount as payments of $14,000 at…

A:

Q: As part of her retirement planning, Mrs. Barth purchases an annuity that pays  17.5% compounded…

A: The quarterly payment is R=$3500 Quarterly interest rate is i=0.1754=0.04375 Number of…

Q: The owner of Oak Hill Squirrel Farm deposits $3,000 at the end of each quarter into an account…

A: we know thatFuture value is given  byF.V=Ai1+in-1where A is the amount  invested each quarter…

Q: Kiara is expected to settle a loan by paying $8,500. What amount should she pay if she decides to…

A: The given data is: To settle a loan by paying P=$8,500 Interest rate r=3.50% ( compounded monthly)…

Q: While buying a new car, Benjamin made a down payment of $1,000.00 and agreed to make month-end…

A:

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: Devin set up a fund that would pay his family $3,500 at the beginning of every month, in perpetuity.…

A:

Q: The winner of a "million dollar" lottery is to receive $50,000 plus $50,000 at the end of each year…

A:

Q: Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it.…

A: In this question, we will use the compound interest formula.

Q: The owner of Oak Hill Squirrel Farm deposits $1,000 at the end of each quarter into an account…

A: The amount of the deposit is $1000. The rate of interest is 2.5% compounded quarterly. The time…

Q: Cameron is expected to settle a loan by paying $7,500. What amount should he pay if he decides to…

A: Here we find loan settlement amount.

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $431 per month…

A:

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A:

Q: An interest-bearing note for P75,000 requires payment at the end of each quarter for four years. If…

A:

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: The winner of a "million dollar" lottery is to receive $30,000 plus $30,000 at the end of each year…

A:

Q: Casey received a loan of $27,000 from the bank at 4.50% compounded monthly. If he had to repay $250…

A:

Q: If you deposit $2000 into a fund paying 4% interest compounded monthly, how much can you withdraw at…

A:

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

A:

Q: A payment of $31,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…

A: We need to find payment.

Q: As part of her retirement planning, Mrs. Campbell purchases an annuity that  pays 5% compounded…

A:

Q: As part of his retirement planning, Mr. White purchases an annuity that pays 8.5% compounded…

A:

Q: A local moving service recently purchased a van by securing a loan with semiannual payments of $3200…

A:

Q: Find the present value in pesos, of a perpetuity of 15,000 payable semi-annually if money is worth…

A:

Q: The winner of a "million dollar" lottery is to receive $70,000 plus $70,000 at the end of each year…

A: Use formula of compound interest to calculate future value

Q: Susan wants to purchase a new couch and loveseat for $1895.00 including taxes. If she puts it on a…

A: Given: Susan wants to purchase a new couch and loveseat for $1895 including taxes. She puts it on a…