Julia wants to have $5,000 in 10 years after investing in an account that earns 4.2% compounded monthly. How much does Julia need to invest? Round to the nearest dollar

Q: has $4,000 in a savings account. The interest rate is 1%, compounded annually. To the nearest cent,…

A: To calculate C.I...

Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

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Q: Evelyn placed $1,500 in a savings account which earns 5.2% interest, compounded annually

A: The formula one need to use here is A=P1+rt P is the principal or the amount invested r is the rate…

Q: To save for her high school graduation, Jenny decided to save P1,250.00 at the end of each month. If…

A: We need to choose correct option.

Q: A company needs $3,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given :   P = 3300000 r = 4.3 % = 4.3/100  = 0.043  t = 15  Given compound weekly so  n = 52 t = 15…

Q: Anitemwill need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

A: By Bartleby policy I have to solve only first one as these 2 are unrelated problems     *** This is…

Q: You would like to have $900,000 when you retire in 40 years. How much should you invest each quarter…

A: Given:Amount after 40 years, A =$900,000                                 Rate, r =4.5%=0.045…

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: You have decided that you would like to save $10,000 to build a house in the next 10 years. If you…

A: NOTE: Refresh your page if you can't see any equations. . here we have the future value is A=10000…

Q: Crystal made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A:

Q: Logan would like to have $75,000 in 8 years. If his account earns 5% compounded annually, how much…

A: Use compound interest formula

Q: Charley’s credit card APR is 28.95% compounded daily. What is her actual interest rate per year?

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Q: Parents wish to have $110,000 available for a child's education. If the child is now 9 years old,…

A:

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: A newborn child receives a ​$7,000 gift toward a college education from her grandparents. How much…

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Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

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Q: How long will it take money to quadruple if it is invested at the following rates? (A) 4% compounded…

A: We have to find time to quadruple.

Q: If you have ​$50,000 in a bank account that is paying an interest rate of 9 percent that is being…

A: Given information P=$50,000 Rate of interest r=9% ⇒r=9100=0.09 A=2P=$100,000 n=compounded annually=1…

Q: You have a big account that has a 6% interest rate and is compounded semiannually. How much should…

A: The formula for compound interest is given by A=P1+rnnt where A is the Amount, P is the principle, r…

Q: Atticus College predicts that in 14 years it will take $250,000 to attend the college for four years…

A:

Q: If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is being…

A: Given:- If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is…

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

A:

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

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Q: Sally makes deposits into a retirement account every year from the age of 30 until she retires at…

A:

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

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: 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 $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

Q: Springfield florist plans to replace it's delivery vehicle in three years . If they set aside $16000…

A:

Q: How much will you have in an account after 25 years if you put $1900 per month in the account earns…

A: Amount after t years on investing Principal amount of $P in an account with R% of rate of interest…

Q: A person needs $15 000 for a down payment on a car. If the person invests $10 000 at 9% interest,…

A: Given  A=15000 P=10000 r=9%=0.09

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

A:

Q: How much do you need to get 850 after three years at 6% compounded quarterly?

A:

Q: have $50,000 for her college in 18 years. If the account earns 5% compounded monthly. How much will…

A: Answer and explanation is given below...

Q: Grace's bank has a Cerificate of Deposit with an APR of 5% compounded monthly. (a) If Grace deposits…

A: Here, the formula used is: CI=P1+rnnt Here, CI is compound interest, P is the principal amount, r is…

Q: Atticus college predicts that in 18 years it will take $250,000 to attend college for 4 years.…

A:

Q: A homeowner planning a kitchen remodeling can afford a $900 monthly payment. How much can the…

A:

Q: If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Tessa invests $5700 in a new savings account which earns 3.7% annual interest, compounded…

A:

Q: loan of $12,000 is made at 6% interest, compounded annually. After how many years will the amount…

A:

Q: You inherited $12,000 from your Great-Uncle Michael.  If you invest it and average an 8% annual rate…

A: Amount compounded annually

Q: John wants to accumulate at least $35,000 by depositing $1,900 at the end of each month into a fund…

A: The formula that we have to use here is A = d1+rknk-1rk Where A is the final amount, d is the…

Q: At the age of 24, you start depositing $200 each month into an IRA that pays 3.75% interest,…

A:

Q: To help pay for Arthur's estimated $33,000 in college expenses, Ryann and Austin make a deposit into…

A: Let, Ptincipal(P)= Semi-annual deposit (R)= x Given, Amount (A)=$ 33000 Rate of interest (i)= 8%…

Q: Goofus waits until he is 35 years old to start saving.

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Q: College Tuition The Toshes need to have $80,000 in12 years for their son’s college tuition. What…

A: let P dollars are invested for t years at annual rate r, where interest is compounded k times per…

Q: Rhoda would like to have P60,000 in her account by the end of three years. How much should she…

A: A=60000, t=3,  r=12%=0.12, n=4.

Q: You put $4000 in a bank account earning 3% compounded monthly. To the nearest penny, how much is it…

A:

Q: Parents wish to have $80,000 available for a​ child's education. If the child is now 9 years​ old,…

A:

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Given Principal = $100,000, Time, n = 20 years and Rate of interest, r = 5%. Obtain the interest…

Q: For her 1st birthday, Ruth's grandparents invested $700 in an 18-year certificate for her that pays…

A: Given: For her 1st birthday, Ruth's grandparents invested $700 in an 18-year certificate for her…