Question 17 If $220 is deposited in a savings account at the beginning of each year for 13 years and the account draws in annually, the value of the account at the end of 13 years will be móst nearly Express your answer in whole number

Q: Question 23 A debt is repaid by payments of 9,000 php made at the end of every quarter for 2.5 years…

A: NOTE: Refresh your page if you can't see any equations. . here payment frequency is quarterly and…

Q: Question 02 Microsoft lends $10,000,000 for small projects in rural areas of India. The loan has to…

A: Principal value = $10,000,000, Rate is 8.5% or 0.085, time is 20 years compounded annually, that is…

Q: Question 14 If 100,000 php is deposited in a bank that grows 4% interest discretely, how much will…

A:

Q: QUESTION 6 If you save $180 per month for retirement in an account that earns 6% interest per year,…

A: Given query is to find amount accumulated.

Q: Question 21 Mac's credit card statement included $1843.00 in cash advances and $42.94 in interest…

A:

Q: QUESTION 9 Alex saves a quarter of his lunch money every day, five days a week. If his daily lunch…

A:

Q: Muhammed has money to invest in one of two accounts. Account 1 requires a $2,000 investment for 4…

A: NOTE: Refresh your page if you can't see any equations. . for account 1, we have P=2000 t=4 years…

Q: Question 8 Copy of Find the amount at the end of 5 years and 7 months if P4,000 is invested at 59%…

A: Compound  Intrest formula A= P[1+(r/n)]in P-principal amount r- rate of intrest i-no of years n- no…

Q: Question 4: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to…

A: Let us consider the principal amount be P.  The amount will be A after t years at the rate of r% for…

Q: Question 21 of 24 Natalie, a sales representative at a jewelry store, receives a 2.00% commission…

A: He earned a commission of 2% for the sale of $13000 and 4% for the next sale of $25000 and for next…

Q: Question 3 of 13 Jordan received a loan of $7,600 at 5.25% compounded monthly. He settled the loan…

A: Solution ::

Q: Question 5 You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off…

A:

Q: Question 7 You deposit $6000 in an account earning 3% interest compounded monthly. How much will you…

A:

Q: Suppose you are offered a job with a relatively low starting salary but with a $2000 raise for each…

A:

Q: Question 15 A car depreciates $1500 during the first year after it is bought. Each year thereafter,…

A: Introduction: Depreciation is defined as the systematic lowering of the reported cost of a fixed…

Q: Question 1 of 9 An investment of $4,000 in a TFSA (Tax Free Savings Account) accumulated to $4,210…

A:

Q: Question #3 Determine how much is in the Account, if $500 is invested into a bank account for 1…

A:

Q: Steve decided to deposit $6,800 into a savings account with 5.45% interest, compounded semiannually.…

A: Given: P = $6800 r = 5.45% compounded semi-annually n = 6 years Formula Used: A = P1+rk×100nk

Q: Suppose you are offered a job with a relatively low starting salary but with a $1000 raise for each…

A: Let the starting salary be 'a', so is the 1st term.The salary is increasing by $1000. so the…

Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

A:

Q: Question 14 of 14 Borrowing to Start a Business Morgan, a budding entrepreneur, was excited that her…

A: According to our company guidelines we are supposed to answer only 3 sub parts since you have asked…

Q: Question 17 For a starting dollar amount of $19,000 and an annual interest rate of 4% compounded…

A: 17) For a starting dollar amount of $19000 and an annul interest rate of 4%  compounded…

Q: QUESTION 1 If $7,000 is borrowed for 6 years at an annual simple interest rate of 8%, find the…

A: Principal amount $7000 Rate = 8% simple interest  Time = 6 years

Q: QUESTION 3 Three years ago, Pete took out a loan of $55,000. The loan was taken out for 10 years…

A: Three years ago, Pete took a loan of $55,000. The loan was taken out for 10 years with an interest…

Q: Question 21 Mac's credit card statement included $1843.00 in cash advances and $42.94 in interest…

A:

Q: Problem 21. How much money should be deposited today in an account that earns 5% compounded monthly…

A: Given: A=$50,000 t=27 n=27 years Formula used: A=P1+rm

Q: QUESTION 28 Duckburg is building a new museum and issues bonds to raise the money to build it.…

A: Given that  Scrooge McDuck obtains a $2500 bond that pays 5% interest annually that mature in 2…

Q: Questions 2-3. Your friend has 2 credit cards with balances that he cannot afford to pay off all at…

A:

Q: Question 10 How much monthly interest would you pay on a car loan balance of $23,000 with an annual…

A: Formula  Interest I=P×t×r

Q: Question 22 A young professional wishes to have $860000 in her retirement account. She invests $700…

A:

Q: Question 8 Which of the following accounts had the highest APY? Account 1:  A deposit of $1300 at…

A:

Q: Rev 13: How long will it take to build up a fund of $10 000$10 000 by saving $300$300 at the…

A:

Q: A new car is purchased for $25,000\$25,000$25,000 and over time its value depreciates by one half…

A: initial value=$25000 depreciates 1/2 per year so let. final value= initial value x bt1 b =1-12…

Q: Question 9 of 15 Raul inherited $3,100.00 from his grandmother. He wants to use the money to take…

A:

Q: Question 6 The future value of an investment of P dollars earning an annual interest of r can be…

A:

Q: Question 20. Find the balance on an account if you invest $ 1,558 at 3.7% for 13 years using simple…

A: You invest $ 1,558 at 3.7% for 13 years. So let principal = P = $ 1,558. Rate of interest = R =…

Q: QUESTION 8 If you save $270 per quarter for retirement in an account that earns 8% interest per…

A: After 38 years interest.

Q: Question 16 For a starting dollar amount of $6,000 and an annual interest rate of 2.5% compounded…

A:

Q: Question 2 The price of an item will increase by RM4 every month. If the current price is RM258,find…

A:

Q: • Question 9 If 3000 dollars is invested in an account for 10 years. Find 10 years if the interest…

A: Only first three subpart are answered. Please refer to the image below

Q: Example 8.2.3: Compound Interest Suppose you are offered two retirement savings plans. In Plan A,…

A: By the given formula,

Q: Question 4 Investments and Loans 4) fou have an opportunity to invest $10000 for 5 vears. The…

A:

Q: Question 7 Farah borrows $2657 for 3 years at a simple-interest rate of 6%. Then the interest will…

A: Given that  Farah borrows 2657 Time 3 years  Rate of interest 6%  To find the interest

Q: QUESTION 14 Calculate the amount of interest you'Il have at the end of the indicated period. You…

A: I have used the fact that The simple interest is Ptr/100

Q: Question 7 You deposit $2000 each year into an account earning 3% interest compounded annually. How…

A: Here we use the compound interest formulae.

Q: Question 8 of 9 Aaron borrowed $3,000 on February 1, 2022 at 4.5% p.a. How many days would it take…

A: topic - simple interest

Q: QUESTION 29 On the birth of his first nephew, Donald decides he'd like to give his nephew $500 when…

A: Given that Donald decides he would like to given his nephew $500 when he turns 13 years old.