Problem solving: Mrs. Sanchez saved P 20,000 at the end of every 6 months in an education plan that earns 5% per year compounded semi-annually. What is the amount of her savings at the end of 20 years? Rubrics:

Q: The purchase price of an acre of land in the Louisiana purchase in 1803 was about 5 cents. Suppose…

A: Given Data: The purchase year of land is: y1=1803 The present year is: y2=2016 The buying price of…

Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

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Q: To save for her high school graduation, Jenny decided to save P1,250.00 at the end of each month. If…

A: We need to choose correct option.

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 would like to have $900,000 when you retire in 40 years. How much should you invest each quarter…

A: Given:Amount after 40 years, A =$900,000                                 Rate, r =4.5%=0.045…

Q: f you $15,000 in an account with a 4.5% interest rate, compounded quarterly, how much money will you…

A: The formula for final Amount if compound interest calculated. A=P(1+rn)nt…

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

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Q: You deposit $5,000 in a savings account that earns 6% simple interest per year. How many years will…

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Q: In order to have P250,000 in 5 years, how much should you invest if the compound interest is 12%?

A: Given Amount(A) = 250000 Rate(R) = 12 Time(T) = 5

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

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Q: Atticus College predicts that in 14 years it will take $250,000 to attend the college for four years…

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Q: 2. At an interest rate of 2% per month, the money will double in value in how many months?

A: The compound interest formula for an amount P compounded per month at a rate of r% for n months is…

Q: Edgar accumulated $7,000 in credit card debt. If the interest rate is 30% per year, and he does not…

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Q: Reggie wants to find the future value of an investment of $3000 that earns 4.75% compounded monthly…

A: Given P= $3000, r= 4.75%=0.0475,t=30,n=12. We find future value 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: Matilda wishes to retire at age 67 with $1,300,000 in her retirement account when she turns 28 she…

A: Introduction: Suppose, a person deposits an amount P at rate of r% compound interest compounded n…

Q: January, Joanna deposited $250 into her savings account. In February, she deposited an additional…

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Q: Reggie wants to find the future value of an investment of $1500 that earns 5.25% compounded monthly…

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Q: Susan deposited a principal of $130 in a 7% account, compounded annually. At the same time, Jeff…

A: We have to find

Q: Matilda wishes to retire at age 67 with $1,500,000 in her retirement account. When she turns 28, she…

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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…

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

Q: Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months…

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

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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 deposit $400 in an account earning 7% interest compounded annually. How much will you have in…

A: Given  Principal P=400 Rate of interest r=7% year t=10 number of compounded n=1 we know that…

Q: How much should you invest each month in order to have $500,000 if your rate of return is 2.3%…

A: Given amount is A=$500,000. Since you have posted a question with multiple sub-parts, we will solve…

Q: 4. When Sarah was 7 years old, her parents invested $10 000 for her in a plan that earns 5 % per…

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Q: Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the…

A: The principal amount invested = $2,000 Compound interest rate = 6.4% Time = 5 hours. There is no…

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

A: Let's find.

Q: You would like to have $500,000 when you retire in 40 years. How much should you invest each quarter…

A: According to question Final amount = A = $ 500,000 Time = t = 40 years Compounded quarterly implies…

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: A youth sports league receives a ​$30,000 donation for building a new snack bar and office building.…

A: A=P1+rnntFor quarterly, n=4

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

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Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…

A: Initial amount=P= 600 Interest rate= r= 7%=0.07  Time=t= 20 years Number of times compounded in 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: Julieta and Eric are purchasing a home. They wish to save money for 10 years and purchase a house…

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

Q: Mr. Charles, a rich businessman, divided his wealth of $170 million between his two sons, Jason and…

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Q: You deposit $300 in an account earning 7% interest compounded annually. How much will you have in…

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Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

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Q: Tessa invests $9100 in a new savings account which earns 4.1% annual interest, compounded quarterly.…

A: Given, Investment amount = $ 9100 annual interest rate = 4.1%  time duration = 4 years the amount is…

Q: You invest $4000 in an account with an APR of 3% and daily compounding. How much will you have after…

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Q: Goofus waits until he is 35 years old to start saving.

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Q: sanji spends 850 per month on cigarettes. if he stops smoking and invest the same amount in a plan…

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Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

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

A: A=60000, t=3,  r=12%=0.12, n=4.

Q: Noman would like to have $50,000 in 16 years to give to his son to help pay for his university…

A: As per the given condition the person wants to make his money goes up to $50000 in 16 years, if the…

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

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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%…

A: The amount invested is $4250 The rate of interest is 1.49% compounded quarterly the cost of car is…

Q: Ruben invested $1500 per year in an IRA each year for 6 years earning 5% compounded annually. At the…

A: Here, given that Ruben invested $1500 per year in an IRA each year for 6 years earning 5% compounded…