Q.2 A person makes a deposit of Rs 10,000 in an account at the end of every year. After 5 years he receives a raise ad then makes a deposit of 12,000 every year. What is the balance in the account after 8 years at interest rate of 4% compounded yearly?

Q: Find the present value (in dollars) of an annuity that pays $8,000 at the end of each 6-month period…

A: P = $8000 r = 8% = 0.08 t = 6 years n = 2 [Compounded semiannually] Therefore,

Q: 14 ​years? ​(c) How much would she lose or gain over 14 years by investing in her​ sister's firm?…

A: Solution:-

Q: Find the present value (in dollars) of an annuity that pays $5,000 at the end of each 6- month…

A:

Q: How long will it take to save $13,000 by making deposits of $100 at the end of every month into an…

A: Given that        F = future value = $13000      PMT = Periodic payment= $100       r = rate of…

Q: The trustees of a college have accepted a gift of $150,000, but are required to deposit it in an…

A: Given that PV of gift =150000Rate semiannually =10%/2 =5%=0.05Number of Periods =2*8 =16 and…

Q: How much will need to be invested at the beginning of every 2 months at 7.7% compounded every 2…

A: So the formula will become,

Q: Lauren plans to deposit $6000 into a bank account at the beginning of next month and $225/month into…

A:

Q: A borrower had loan of $5500 at 5.1% compounded semiannually, with 18 semiannual payments. Suppose…

A:

Q: How much money should Cody invest today into a fund that earns interest at 4.75% compounded…

A: Here, the effective semi-annual interest rate =1+quarterly rate2-1 where quarterly rate…

Q: An investment that has a maturity value of $5,000 and is discounted 4 years and months before…

A: The maturity value of the investment is $5000 Use the formula  PV=FV1+rn Where PV is the present…

Q: An Individual Retirement Account (IRA) has $22,000 in it, and the owner decides not to add any more…

A: Compound interest can be calculated as:

Q: Suppose you purchase a car and you are going to finance $14,000 for 48 months at an APR of 6.6%…

A: Given:  Finance amount (P)=$14,000             Time (t)= 48 months= 4 years             Interest…

Q: 3. If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded…

A:

Q: A given account accrues two kinds of deposits for a period of 7 years. One is a leveled deposit of…

A: For the first type of deposit of $2100 Using the formula for compound interest Year Interest…

Q: Suppose you invest $190 a month for 5 years into an account earning 8% compounded monthly. After 5…

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

Q: 3. A 10-year loan is available from a relative at 10% simple interest. The amount borrowed will be…

A: A 10-year loan is available from a relative at 10% simple interest. The amount borrowed will be…

Q: How much money do i need now if i am going to receive $5000 every 6 months (starting in 6 months)…

A:

Q: An Individual Retirement Account (IRA) has $9,000 in it, and the owner decides not to add any more…

A:

Q: 2. $25,000 is invested for 4 years 9 months. If the investment is offered 12% compounded semi-…

A: Given :- $25,000 is invested for 4 years 9 months. The investment is offered 12% compounded semi…

Q: 15. How long will it take an initial deposit of $1500.00 to increase in value to $2500.00 in a…

A:

Q: 2 Spyro takes out a loan of 40000 AED from a bank at an annual interest rate of 6.3% compounded…

A: Compound interest formula is given by the equation; A=P1+r100nntP→Principal amountA→Final…

Q: Scheduled payments of $900 due two years ago and $1,200 due in five years are to be replaced with a…

A:

Q: the end of each 6-month period for 6 years if the inter- est rate is 6% compounded semiannually. 5.…

A: Given query is to find the present value of the price.

Q: Suppose that Patty's husband delays starting an IRA for the first 10 years he works but then makes…

A: Solution

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: The present value of the annuity is given by PV=P1-1+r-nr where P is the periodic payment, r is the…

Q: A company wants to have 40,000 at the beginning of each 6 month period for the next 4 1/2 years. If…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=40000 n=2 for semiannual…

Q: How much interest will you owe if you borrow $2700 for 3 years at a simple interest rate of 7%…

A: Given that  principal amount=P=$2700Time =T=3yearsrate of interest=R=7%find interest

Q: 5. The present value of a perpetuity that will pay out $10 K per year forever is $250 K. Assuming…

A: Given that Present value=$ 250 K    Per year pay-out=$ 10 KAs it is forever paid . it is…

Q: Jackson deposits $50 at the end of each month in a savings account earning interest at a rate of…

A: Saving plan Formula :F=PMT1+rnnt-1rnwhere F = future valuePMT = Periodic paymentr = annual…

Q: Suppose you invest $190 a month for 6 years into an account earning 7% compounded monthly. After 6…

A: topic - application of geometric progression

Q: A woman deposits $11,000 at the end of each year for 10 years in an account paying 5% interest…

A: Given, a woman deposits $11,000 at the end of each year for 10 years in an account paying 5%…

Q: Suppose Brianna invests $1,300 each year for 5 years, in an annuity that pays 6% annual interest,…

A: Given Suppose Brianna invests $1,300 each year for 5 years

Q: Suppose an individual makes an initial investment of $2,600 in an account that earns 7.8%,…

A: Consider the given information, Initial investment is $2,600 Interest rate is 7.8% Number of periods…

Q: A person wants to deposit $30,000 per year for 15 years. If interest is earned at the rate of 16%…

A: We will find out the the amount that will grow by the end of 15 years for all given conditions.

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

Q: 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an…

A:

Q: A person wants to deposit $30,000 per year for 15 years. If interest is eamed at the rate of 16% per…

A: Given information: P=30,000 T=15 year R=16% Consider P is the principle, T is the time, R is the…

Q: How much money should Lisa invest today into a fund that earns interest at 4.25% compounded…

A: This question can be solved using present value of ordinary annuity

Q: How much money will there be in an account at the end of 7 years if $2000 is deposited at 4%…

A:

Q: Find the present value of an annuity if $2,200.00 is paid to you at the end of every 2 months for 3…

A:

Q: Suppose a certain manufacturer deposits $3,000 at the beginning of each 3 month period for 6 years…

A:

Q: Lauren plans to deposit $6000 into a bank account at the beginning of next month and $250/month into…

A: Given: -

Q: a. I invested $5,000 into an account earning 5% interest compounded monthly and left it there for 5…

A: a) For the first 5 years Initial amount = 5000  Time=t= 5 years  Interest rate = 5%= 0.05  Number of…

Q: Carl is the beneficiary of a $25,000 trust fund set up for him by his grandparents. Under the terms…

A: Given that, P = Present value = $25,000 r = rate of period = 9% = 0.09  n = number of periods = 8 x…

Q: 11 An amount of $18,000 is borrowed for 12 years at 8% interest, compounded annually. If the loan is…

A:

Q: A family needs to take out a 30 year home mortgage loan of $90,000 through a local bank. APR for a…

A: (a) Calculate the monthly payment for the loan EMI. P=90,000r=5.1%=0.05112 monthlyt=30 yearsn=30×12…

Q: Suppose an individual makes an initial investment of $1,000 in an account that earns 7.8%,…

A: Given :  an individual makes an initial investment of $1,000 in an account that earns 7.8%,…

Q: Calculate the simple interest earned on an investment of $ 400,000 after 12 years at a rate of 3.5…

A:

Q: 4. Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years,…

A: Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years, compounded…