Starting on her 30th birthday, a woman will invest an amount every year on her birthday in an account that grows at an annual rate of 7%. What should be the amount invested should she want her fund to P 300,000.00 just before her 65th birthday?

Q: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: What is the overall rate of return on a $190,000 investment that returns 17% on the first $60,000…

A: Given $190000 Investment that return 17% on the first $60000 and 14% on the remaining money?

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: Peter has P560,000 in his bank account in which he opened exactly 3 years ago. If he did not make…

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Q: Simon starts a retirement account where he will place $50 into the account on the first month and…

A: Given-  Ist month deposit= $50  2nd month deposit= $55 ... .... and so on.

Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…

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Q: A man deposited P5,000 on the date his son celebrated his 1st birthday. If money is worth 10%…

A: Amount deposit (P) = 5000  Interest rate = 10%  Time = 20 years (compounded semi-annually)

Q: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: A man bought a lot worth P2026862 if paid in cash. By installment, he paid a down payment of…

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Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…

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Q: a bank deposit paying simple interest grew from an initial sum of 1000.00 to 1075.00 in 9 months.…

A: given data  initial amount  = 1000 simple interest = 75 time                  = 9 months formula for…

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: What is the simple interest rate on a $1950 investment paying $513.83 interest in 8.5 years

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Q: A job pays $30,000 for the first year with an annual increase of 4% per year beginning in the second…

A: Given data - first year salary -30,000 dollar, increment of 4% of every year. The above sum can be…

Q: A father deposited a total amount of P88,500 on two different investments. The first investment…

A: Formula:final amount = principal amount(1+rt) Let, the first investment=xThe second investment…

Q: find the least amount  that could be deposited in a bank account today at 12% compounded quarterly…

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Q: During 2008 the S&P 500 index, depreciated by 37.6%. Assuming that this trend had continued, how…

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Q: Suppose you invest $3420 in an account that earns simple interest at an APR of 2.7%.Determine the…

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Q: Inderjot invests $2500 in a bond that pays 4.5% per year, compounded monthly, for a period of 8…

A: Inderjot invests $2500 in a bond that pays 4.5% per year compounded monthly for a period of 8 years…

Q: What is the simple interest rate on a $2100 investment paying $771.75 interest in 10.5 years?…

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Q: On Melissa's 6th birthday, she gets a $2000 CD that earns 3% interest, compounded semiannually. If…

A: P=$ 2000  time T = 15 – 6 = 9years Interest 3% semiannually Then futur value = P(1 + (R/2)/100)2t =…

Q: Kanye wants to save $16,000 in 6 years by making monthly payments into an ordinary annuity for a…

A: Given Kanye wants to save $16,000 in 6 years by making monthly payments into an ordinary annuity…

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

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Q: A retiree invests $5,000 in a savings plan that pays 6% per year. What will the account balance be…

A:

Q: At age 19, someone sets up an IRA (individual retirement account) with an APR of 4%. At the end of…

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Q: A bank deposit paying simple interest grew from an initial amount of $1400 to $1505 in 3 months.…

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Q: Find the simple interest on a $200 investment made for 5 years at an interest rate of 8%/year. What…

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Q: A recent high school graduate received $900 in gifts of cash from friends and relatives. In…

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Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

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Q: If you made $3,000 a year in contributions to your retirement account starting at the age of 25,…

A: NOTE: Refresh your page if you can't see any equations.   . here we have PMT=3000 n=1 for yearly…

Q: A $40,000 investment in a mutual fund doubled to $80,000 in 5 years. What was the investment’s…

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Q: Sonia received a statement on her Certificate of Deposit showing that her investment had returned…

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Q: At age 22​, someone sets up an IRA​ (individual retirement​ account) with an APR of 8​%. At the end…

A: Formula used:Future value of an ordinary Annuity:

Q: A retiree invests $9,000 in a savings plan that pays 5% per year. What will the account balance be…

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Q: Chunong ngo borrows 2400 from a bank that advertises a 7% simple interest rate and repays the loan…

A: Let the given values as Principle, P=2400 Number of repayments = 4 Simple interest rate, r=7% Use…

Q: A certain corporation purchased a machine for plastic lamination of posters for 720,000. At the end…

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Q: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…

A: Since you have asked multiple questions in a single request, we would be answering only the first…

Q: Starting at age 50, a woman puts $1400 at the end of each quarter into a retirement account that…

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

Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

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Q: If Joe Edward earned P1,890.50 in 1 year and 3 months in a mutual fund containing bonds worth…

A: Express the equation for the mutual fund. Future value= Present Value1+r100n Here, r is the rate of…

Q: On Melissa 6th birthday, she gets a $2000 CD that earns 7% interest, compounded semiannually. If the…

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Q: Jack invested $5000 in a 5-month term deposit at 4.7%. At the end of 5months, Jack reinvested the…

A: Let a=5000 q1=1+4.71001/12      q1=1.0471/12q1=1.0038 q2=1+7.31001/12q2=1.0731/12q2=1.0059

Q: Maya has savings of $50,000. She invests in a bond mutual fund that pays 4% interest each year.…

A: Given that  Maya investing her savings $50,000 in a bond mutual fund. Interest per annum = 4% = 0.04…

Q: dividend of ₱160.90 per share last year. If yesterday’s last price was ₱2700, what is the current…

A: Please check the answer in next step

Q: The Blackburn Computer Company has declared an annual dividend of $0.70 per share. The stock is…

A: Consider the provided question, Given, the annual dividend of Computer Company is $0.70 per share.…

Q: In 2016 Donald Trump admitted he received a small loan of a million dollars from his father if he…

A: We can use this formula to compute the monthly payment,  Monthly payment = P×r(1+r)n1+rn-1 Where P…