Margaret can finance the purchase o Plan A: 10%/a simple interest for Plan B: 5%/a compounded quarte

Q: Melanie invests $13,000 at 13% simple interest for 1 year. How much is in the account at the end of…

A: Substitute 13000 for P, 13% for r and 1 year for t in the simple interest formula I=Prt and…

Q: Carrie took out a $12,000 personal loan to pay off her credit cards. She will not make a payment for…

A: (you are not mention clearly interest rate ,is it monthly or yearly) Given Principal P=$12,000…

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 have decided to buy a new plasma TV. To do so, you must use your credit card to pay $1500 of the…

A:

Q: f you invest $9,000 in an account that earns an APR of 3% simple interest, what will be the account…

A: for simple interest  P = $ 9000 r = 3% = 0.03 t = 10 years

Q: You have $15000 that you want to invest for 5 years. Of the two investment options below, which one…

A:

Q: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

A: Complete the calculations to compare savings growth when interest is compounded annually, quarterly,…

Q: you ave $5000 to place in a CD for 10 years. the CD pays 2.9% annual interest, compounded quarterly.…

A: Given,

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

A:

Q: If you are depositing $7000, which is the better investment: a.) 6.5% compounded monthly b.) 6.6%…

A: Definition used -                      The formula for the amount after t years, if interest is…

Q: Kylie is thinking of investing an amount of P250, 000.00 at 5% compounded annually for 2 years. Find…

A:

Q: Timothy heard that he could triple his money in 27 years if he invested it in his friend's business.…

A: To find the compound interest.

Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

A:

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: Stacy took out a $48,000 student loan with a fixed interest rate to pay for college. Stacy did not…

A: Given data: The given initial amount is A=$48,000. The resulting loan balance is B=$75,000. The…

Q: gracie shay wants to buy a new hummer in six years. gracie estimates the cost of the hummer will be…

A:

Q: Bill baxer has $24000 to invest for a year. He can lend it to his sister who agreed to pay 10%…

A: Solution is given below:

Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

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

A:

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

A: Given, Principal amount, P = $10,000 Rate of interest, r = 7%  Time, t = 10 years We know, Interest,…

Q: Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest annually at the…

A: Given: Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest annually at…

Q: Pascal receives a financial gift from his grandparents, which he invests at an interest rate of 5.5%…

A:

Q: For an investment of $100,000 at 6% interest for 7 years, find (a) the simple  interest, and (b) the…

A:

Q: read question carefully, it says round to the nearest hundred dollars

A: Consider the given information:

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

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

Q: drienne needs to borrow $15000. She plans to pay it back after 6 years. Her bank offers her two…

A: In this question, the concept of compound interest is applied. Compound Interest Compound interest…

Q: Julia wants to have $5,000 in 10 years after investing in an account that earns 4.2% compounded…

A:

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

A:

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: Anne wants to find the future value of an investment of $3000 that earns 5.75% compounded monthly…

A: The time value of money calculator can be used to predict the current value of the principal after…

Q: You have $20,000 to invest and want the greatest yield from your investment after four years. You…

A:

Q: Sam begins saving for a down payment on a house using an investment account. The account earns…

A: Let's find.

Q: You deposit money into an account paying 9% annual interest compounded monthly. You need the account…

A:

Q: Sherri has $1000 to invest for the next 5 years. She can invest it at 4.65% per annum, compounded…

A:

Q: Ghassan is planning to buy a car in B years. He wants to invest RO (A + 300) and hopes to have RO (A…

A: A=18B=19 By the formula. We have, Future value=Present value1+rt Where r=rate  And    t=time

Q: Burwell Bank is offering to double your money! They say that if you invest with them at 8% interest…

A:

Q: Glory deposited the sum of $50000 in a bank account after 5 months she made another deposit of…

A: The solution are as follows

Q: How much money can you afford for a loan if you know you are going to pay $80 each month for 19…

A: The formula to calculate the equal monthly installments (EMI) that is the equal monthly installment…

Q: Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded…

A:

Q: Melanie invests $7600$⁢7600 in a new savings account which earns 4.0%4.0% annual interest,…

A: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded…

Q: Haley wants to buy a $30,000.00 car. She is planning on making monthly payments of $800.00 for 3…

A:

Q: John buys a stereo system for $640. He agrees to pay $32 a month for 2 years. Assuming that interest…

A:

Q: I have $30,000 to put into an account. Explain which account would be better for me to choose.…

A: The principal amount is $30000. The details of accounts A, B are given. A: 2% interest, compounded…

Q: Lydia invests $1,100 in an account that earns interest at an annual rate of 5.5% compounded monthly.…

A:

Q: Ashley heard that he could triple his money in 12 years if he invested it in a large…

A:

Q: Videotech specializes in online security software development. It wants to have $94 million…

A:

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: A school soccer team needs $9000 in 2 years to travel to a tournament in Florida. The team decides…

A:

Q: You deposit $3000 each year into an account earning 6% interest compounded annually. How much will…

A: