Logan would like to have $75,000 in 8 years. If his account earns 5% compounded annually, how much does he need to deposit today to reach his goal? Group of answer choices $110,809.16 $35,809.16 $50,762.95 $45,000.00 $24,237.05

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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%

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Q: You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter…

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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…

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Q: Lee puts $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10…

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

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Q: Lee put $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10…

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Q: Abby and George are setting up a college fund for their newborn daughter and want to have $150,000…

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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...

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

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

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Q: part A: You want to have $100,000 when you retire in 15 years. If you can earn 8% interest…

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Q: For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

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Q: Claire invested $98,000 in an account paying an interest rate of 4^3/8. Kayla invested $98,000 in an…

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

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Q: Sarah wants to save for a car that costs $5000. She has $4250 in a savings account earning 1.49%…

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Q: Jennifer's pension plan is an annuity with a guaranteed return of 6% per year (compounded monthly).…

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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…