Maura received $1000 from friends and family for college graduation. If she deposits her money into a checking account with an annual interest rate of 2.1% compounded semiannually, how much money will be in her checking account after 3 years?

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $724 per month…

A: We will find out the required value.

Q: Mr. Gordon plans to invest $200 at the end of each month in an account that pays 9%, compounded…

A:

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $385 per month…

A:

Q: Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…

A: Let quarterly deposits be x  Interest rate = 2.2512%=0.001875  Time = 10 years Period n = 10 x 12 =…

Q: Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest…

A:

Q: Jimmy paid off a mortgage by paying $725 per month for 16 years. What was the original amount of the…

A: Given

Q: If $12000 had been invested in a certain investment fund on September 30,2008, it would have been…

A: compounded interest formula A=P(1+rn)nt A=53625.75 P=12000 r=? t=10 years n=1 (compounded annually)…

Q: Melissa Blum deposits $7500 of lottery winnings in an account paying 6% interest compounded monthly.…

A: Effective rate for compound interest: If r is the annual stated rate if interest and m is the number…

Q: Andrew deposited half of PhP 130,000 in a certificate of deposit (CD) paying 4% interest, compounded…

A: The compound interest formula is given by A=P(1+rn)nt. where, A is the final amount, P is the…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $209 per month…

A:

Q: Jules deposits P15,000 every 3 months in a fund that earns 5% compounded quarterly. Assuming that…

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Q: Ken is paying P2,500 every 3 months for the amount he borrowed at an interest rate of 8% compounded…

A: Given information Paying every 3 months P=2,500 Interest rate r=8% compounded quarterly For…

Q: Justin received an excellent interest rate for his loan of $7,000. Calculate the nominal interest…

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Q: April borrows $18,000 at an interest rate of 5% to purchase a new automobile. At what rate (in…

A: It is given that  Principal, P = $18000 R = 5 % = 0.05 time, t = 5years    We have to find the…

Q: Grandma Riley wants to help Scott while he's in college by giving him a $220 monthly allowance for 5…

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Q: brittany made equal deposits at the beginning of every 3 months into an RRSP. At the end of 7 years,…

A:

Q: If you would like to make $1079 in 5 years, how much would you have to deposit in an account that…

A: Given that $1079 has to be made in 5 years and the simple interest rate is 7%. It is required to…

Q: Berno deposits $30,000 into an account paying 3.25% annual interest, compounded quarterly. How much…

A:

Q: Henry has inherited $18 000 and would like to invest the money to pay for new car in two years. If…

A: The amount he invested for new car is:  P = $18,000 Interest rate:  r = 4.9% Interest is compounded…

Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

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Q: Find the apy for an account earning 4.3% compounded six times a year

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Q: Sam has a balance of $1985 on his credit card. If the interest rate is 14.5% compounded monthly and…

A:

Q: Christine contributes $ 100 each month to her 401K account. To the nearest dollar, what will…

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Q: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

A:

Q: A television set is for sale at P13, 499 in cash or in installment terms, P2,500 each month for the…

A:

Q: Find the amount Erica owes at the end of 2 years if $6000 is loaned to her at a rate of 4%…

A:

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: Milena deposited ​$9,000 in a certificate of deposit​ (CD) account that pays 3​% annual​ interest…

A: Given query is to find the amount accumulated in the account after 5 years.

Q: On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in…

A: We can solve this using future value formula

Q: For her first birthday, Ruth's grandparents invested $800 in an 18 year certificate for her that…

A:

Q: A recent college graduate borrows $150,000 at an interest rate of 6% to purchase a condominium. A

A: Given a recent college graduate borrows $150000 at an interest rate of 6% to purchase a condominium.…

Q: A service car whose cash price was P540,000 was bought with a down payment of P162,000 and a monthly…

A: Consider the given information.

Q: Russell invested 50,000 pesos in a bank that pays 8% compounded quarterly for 5 years. How much is…

A: We used the formula A=P(1+r/n)^(nt)

Q: Find the amount a college student owes at the end of 2 years if 56400 is loaned to her at a rale of…

A: Given query is to find amount need to be paid after 2 years.

Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

A:

Q: As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an…

A:

Q: Jason started to deposit P20,000 quarterly in a fund that pays 2% compounded quarterly. How much…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: Lori deposited $4,500 into a 30-year retirement account that earns 3% annual interest, compounded…

A:

Q: In order to help pay for his trip abroad for his spring semester of his senior year in college, Marc…

A:

Q: On​ Melissa's 6th​ birthday, she gets a $2000 CD that earns 5​% interest, compounded quarterly. If…

A: Interest is compounded Quarterly. Therefore n=4.

Q: Olivia invested $1000 in an account that pays 2.75% interest compounded annually. Assuming no…

A: Amount to be received after t years and at r%=Initial amount *(1+r/100)t

Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A: Formula used to solve the given problem is given below: An=P×1-1+r-nr Where; P= periodic payment…

Q: Karen borrowed $2000. How much will she pay back in 1 year if she is charged 2% a year, compounded…

A: Principal money=$2000=P time(t)=1year rate of interest(r)=2% to find amount=? when compounded…

Q: You deposit 130 each month into a savings account that pays 5.5% compounded monthly. How much will…

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Q: Mr. Jolo deposited an amount of P20,000.00 in a bank that gives 3% annual interest compounded…

A:

Q: Doug invests a sum of money in a retirement account with an annual interest rate of 7% compounded…

A: Given that  Doug invests a sum of money in a retirement account with an annual interest rate of 7%…

Q: Farid placed RM5,000 in a bank account for six years. The bank offered an interest rate of 6%…

A:

Q: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest,…

A: We will use the compound interest formula to find the amount after 17 years

Q: Rahel left a $5000 investment for 3 years in an account that paid 4% per year, compounded…

A: