o create a college fund for your child. Suppose you find a fund that offers an APR of 6%. How much should you deposit monthly to accumulate ​$89,000 in

Q: A sales person at a clothing store sells $2,480 worth of clothing in one week. If she is paid…

A:

Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: mr jackson borrowed money from his bank and on his life insurance to start a buiseness . his…

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Q: That a two-bedroom house in Nashville is worth $110,000 and appreciates at a rate of 2.5% each year…

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Q: 2. Nicole and Janice received a total of P 600 in 5-peso coins last Christmas from their…

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Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Given that gross earning is $38,300 To find the withholding for the social security, apply the rates…

Q: Marvin lives in Campbell, where the cost of living increases by 6% every year. If Marvin spends…

A: The cost of living increase by 6% every year.  First years spending = $23210 Hence, 17 years from…

Q: A man wishes to save money by setting aside 1 cent the first day, 2 cents the second day, 4 cents…

A: Given: A man wishes to save money by setting aside 1 cent on first day, 2 cents on second day, 4…

Q: Assume that her total winnings are $ 700000, that the utility bonds will pay 14 percent per year,…

A: Given, Total winnings = $700,000 The utility bonds pay = 14% per year The savings account pay = 6%…

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: Dean is planning to purchase a new Nissan Altima which costs $26,865.  He has saved up $3,200 to put…

A:

Q: A sales person at a clothing store sells $3,230 worth of clothing in one week. If she is paid…

A: Given problem is :   A sales person at a clothing store sells $3,230 worth of clothing in one…

Q: Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month,…

A:

Q: If our monthly income is $1,400 and your house payment is $1,140, what fraction of your monthly…

A: Monthly income = $1,400  House payment = $1,140 Fraction of monthly income into house payment =…

Q: One proposal in Congress has been to change the tax laws and have a "flat-tax rate". This would…

A: Explained below

Q: You promise your niece that you will give her $1 on her first birthday and double that amount every…

A:

Q: Suppose that you buy a rare stamp for $15, sell it for $20, buy it back for $25, and finally sell it…

A: Given that you buy a rare stamp for $15, sell it for $20, buy it back for $25 and finally sell it…

Q: Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers…

A: Earning per year is $38,000. Percentage of gross wages paid towards social security is 4.2%

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Use the given information and the formula for annual deposit, A=(FV*i)[(1+i)n]-1

Q: 2. A computer shop charges P20.00 per hour (or a fraction of an hour) for the first two hours and an…

A: For first 2 hours, charge = P 20.00*2 = P 40.00 So the remaining time = 5.5- 2 = 3.5 hrs. So,…

Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: Suppose you owned 2,000 shares of stock in Procter and Gamble. You purchased the shares at a price…

A: The term percent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Bill Casler bought a $3000, 9-month certificate of deposit (CD) that would earn 8% annual simple…

A: Amount that Bill-casier deposited to earn interest means principal money(P)=$3000 Rate of…

Q: Mathalino deposits 18,000 pesos into an account earning 3% interest per annually. How much money…

A: Given:  Mathalino deposits 18000 pesos into an account earning 3% interest per annually. To Find:…

Q: Suppose a worker makes $29,000 in wages per year. Find the percent increase in salary the worker can…

A: The worker salary per year is $29,000.  Expected salary after being trained as a teacher is $49,000.…

Q: If money is worth 14%, what payment on August 29 would be equal in value to a payment of $86,900 due…

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Q: A $100.00 check that is cashed at a rate of $7.00, at what rate did you cash it?

A: Given that: Fee paid to cash a $100 = $7

Q: If a T-shirt costs $15 and you have a coupon for 25% off, how much will the final cost of the…

A: Percentage is expressed using sign .can be written as .

Q: If you put $500 in a bank for 5 years and earn $75 in interest, the interest rate is 4%. O True O…

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Q: After working for five years, your friend is now being paid $42,000. Your friend told you that he…

A: Topic = Sequence

Q: A college student borrowed $44,000 to pay for tuition, room, and board. Some of the money was…

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Q: A life insurance policy costs $13.01 for every $1,000 of insurance. At this rate, what is the cost…

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Q: A payday loan is made for four weeks, where the amount of interest owed per $⁢100 borrowed is $10.…

A: Principal = $800 Time period for the loan = 4 weeks Amount of interest owed per$100 is $10   Total…

Q: In the article, there is a copy of the advertisement Washington placed in a Philadelphia newspaper…

A: In 1796, the amount a person had is $10.

Q: Suppose that a wealthy benefactor agrees to give you one penny today and then double the amount she…

A: Given data is : 1 penny on the first day  2 pennies on the second day 4 pennies on the third day and…

Q: 2. Abel purchased a ranch worth P400,000. It is to be paid in four years with each annual payment…

A: The solution are next step

Q: Ken made $14,500 in five months at his new job. How much can he expect to make in two years if his…

A: Given : Ken made $14,500 in five months at his new job.

Q: If you paid $47 to a loan company for the use of $1120 for 191 days, what annual rate of interest…

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Q: Suppose your cell phone plan costs $45.00 per month for 300 minutes, plus $0.25 for every minute…

A: Assume x be minute above 300 minutes then, Cost=45+0.25x Also given that average monthly calling…

Q: The cost of a particular private school inclues a one-time initiation fee of $2,000, plus annual…

A: It is given that one-time initiation fee is $2,000 and annual tuition fee is $10,000.The initiation…

Q: d. Suppose the company wanted to give raises to the employees who were in the lowest 20% salaries at…

A: Z = x-μσ~N(0,1) NORMSINV() -----------Excel function

Q: $35 USD a week) plan, how many weeks are included in this plan? How much would this be per quarter…

A: Given, A member has the $455 USD a quarter ($35 USD a week) plan, number of weeks are calculated.…

Q: Sharon wants to have $10,000 after 8 years. How much should she deposit in a 4.5% saving account in…

A: The formula for amount using the compound interest is A=p(1+rn)nt. Here, p is the principal, r is…

Q: A laptop can be purchased for RO 400 for 50 RO down with a payment of 12 RO per month for 36 months.…

A: A laptop can be purchased for RO 400 for 50 RO down payment and 12 RO per month for 36 months

Q: uppose Ben and Taylor deposit $1200 into an account earning 3.6% simple interest for 15 months. How…

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Q: If a student's time value of money rate is 10%, then the student would be indifferent between $100…

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Q: Suppose you want to have $700000 retirement in 20 years. Your account earns 10% interest. A) How…

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Q: f Mary received a 10% raise and is now making $17,600 a year, what was her salary before the raise?

A: Mary received a 10% raise and is now making $17,600 a year. To find what was her salary before the…

Q: VongVong lent 6,000 pesos to Lenni for 2 years and 1500 pesos to Hisko for 4 years and received…

A:

Q: Matthew obtains a 30-year $83,000 house loan with an APR of 7.85%. What is his monthly payment?

A: Given, Principal(P)=$83,000 Time(n)=30 year Interest=7.85% So, the monthly payment is given by the…