M Find the present value for the following future amount. $2000 at 2% compounded annually for 6 years The present value is $. A (Do not round until the final answer. Then round to the nearest cent as neede St

Q: You deposit $3000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Since, there has been a deposit of $3000 in an account earning 2%interest compunded monthly. Our aim…

Q: Find the amount necessary to fund the given withdrawals. Monthly withdrawls of $750 for 6 years;…

A:

Q: Pearson sets up a fund to pay​ $1000 at the end of each month for 9.5 years. Interest on the fund…

A: Pearson sets up a fund to pay​ $1000 at the end of each month for 9.5 years. Interest on the fund…

Q: $13,000 is invested for 2 months at an annual simple interest rate of 6%. a) You will earn $ in…

A: The given question is solved below.

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Q: A zero-coupon bond with a face value of $24,000 and a 5.7% interest rate (compounded semiannually)…

A: We know that FV=PV1+rnnt, where FV is the face value, PV is the present worth, r is the rate of…

Q: 17. CHILD-CARE PAYMENTS Monique Chaney places $250 of her quarterly child support check into an…

A: We can use this formula to calculate the amount, A = p((1+rk)nk-1)rk Here k =4, n = 8, r = 0.08 and…

Q: 7. Rob deposits $1,000 in a savings account at New York State Bank that pays 1.4% interest,…

A: Given, Amount deposited by Rob=$1,000 Rate of interest compounded monthly, r=1.4% To find: a) Amount…

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Q: Find the future value FV of the given present value. (Round your answer to the nearest cent.)…

A: Given : Present value is $3690 Rate of interest is 2 ¾% Number of years =9 We need to find the…

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Q: Determine value of an account at the end of 9 years where a principal amount of 9000 was deposited…

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Q: Troy is saving for his retirement 23 years from now by setting up a savings plan. He has set up a…

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Q: A bank features a savings account that has an annual percentage rate of 3.8 % with interest…

A: GIVEN: annual rate = 3.8% amount = $2000

Q: Find the future value of the ordinary annuity. Interest is compounded annually R= $9000; i=0.06;…

A:

Q: Victor French maid deposit of $5100 at the end of each quarter to book bank which pays 8% interest…

A: PMT or deposit at end of each quarter =5100 Rate per quarter = 8%/4 = 2% Number of Deposits = 4*4…

Q: Kiara's grandmother is depositing $1,200 at the end of each quarter into a RESP to s for Kiara's…

A: - Periodic Quaterly Deposit at the end of each quarter is $1200 a). Calculating the Accumulated…

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

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Q: have in ke botbuntwhen she tuns 182 Round'to the nearest cent. 4. Samantha deposits $1,500 into the…

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Q: Cameron is saving for his retirement 23 years from now by setting up a savings plan. He has set up a…

A: Given that, Cameron is saving for his retirement 23 years from now by setting up a savings plan. He…

Q: A new employee charged $4130 on his credit card to relocate for his first job. After noticing that…

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Q: Amir deposits $10,000 at the beginning of each year for 17 years in an account paying 8% compounded…

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Q: You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a…

A: Given that, the retirement income per month is  $4300 (that is, the monthly withdraw). Time (t) = 25…

Q: Find the simple interest. The simple interest is $ . (Round to the nearest cent as needed.)…

A: Given: Principal=$6000Rate=8%=0.08Time=6 months =12 year

Q: Adam wishes to have ​$20,000 available in 22 years to purchase a new car for his son as a gift for…

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Q: Jason has $3,596.75 in credit card debt. The annual interest rate on the unpaid balance is 19.6%…

A: The formula for present value of an ordinary annuity is given by,…

Q: 4. Nelson's financial goal is to invest a sum of money at 4% interest compounded monthly. If his…

A:

Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: We have to find the amount of payment he want

Q: Find the future value of the ordinary annuity. Interest is compounded annually. R=$9000; i=0.06; n=…

A: We have to find future value of the ordinary annuity.

Q: You deposit $2000 in an account with 6% annual compound interest. Complete the following, assuming…

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Q: You deposit $1500 in an account with 5% annual compound interest. Complete the following, assuming…

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Q: 3. An account that pays 1.6% compounded monthly has $1,000 deposited every month. Find the value of…

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Q: Find the future value of the ordinary annuity. Interest is compounded annually. R= 25,000; i= 0.025;…

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Q: You have taken a loan of $7,000.00 for 4 years at 3.1% compounded monthly. Fill in the table below…

A: Solution of the problem as follows

Q: Natalie wants to accumulate at least $40,000 by depositing $2,000 at the end of each month into a…

A: Given query is to find the the number of deposit to reach the goal and the time taken.

Q: When Jason Levy was born, his grandparents deposited $2,000 into a special account for Jason's…

A: Part (a):   Here the present value is $ 2000, and the rate of interest is 6 (1/2)% , the time period…

Q: A man is disabled in an accident and wants to receive an insurance payment that will provide him…

A: Given query is to find the amount accumulated.

Q: 11. You have $10,000 in a savings account that pays 4.2% APR compounded monthly. Find the balance on…

A: It is given that you have $10,000 in a savings account that pays 4.2% APR compounded monthly.

Q: Self-employed persons can make contributions for their retirement into a special tax-deferred…

A: According to the given information, P=$10000 n=25 years Annual rate=3%=0.03

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: Self-employed persons can make contributions for their retirement into a special tax-deferred…

A: Given information m=$10,000 r=2% ⇒r=2100=0.02 t=30 years And n=1 Used formula:- A=m1+rnnt−1rn

Q: At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of…

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Q: Jacob wants to accumulate at least $45,000 by depositing $1,300 at the end of each month into a fund…

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Q: 13. Mike George deposits $4000 in a certificate of deposit for 5 years. Find the compound amount if…

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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.

Q: 3. You put $2000 into an account that earns 3.5% APR compounded monthly. a. How much will you have…

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Q: How much must be deposited today into the following account in order to have a $130,000 college fund…

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