Suppose that $2000 is invested at a rate of 3%, compounded quarterly. Assuming that no withdrawals are made, find the total amount after 5 years. Do not round any intermediate computations, and round your answer to the nearest cent.

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

A:

Q: Josh deposited $4000 into an account with 4.4% interest, compounded semiannually. Assuming that no…

A: Given: P= $4000                   r=4.4% =0.044              n=2 (semiannually)               t=6…

Q: Keiko deposited $5000 into an account with a 8.6% annual interest rate, compounded semiannually.…

A: Given that, $5000 is deposited into an account with interest rate 8.6% which is compounded semi…

Q: Suppose that $7000 is placed in a savings account at an annual rate of 4.6%, compounded quarterly.…

A:

Q: Suppose $500 is initially placed in a savings account and $500 is deposited at the end of every…

A:

Q: Levi invested $5,300 in an account paying an interest rate of 2.4% compounded daily. Assuming no…

A: topic - exponents

Q: Suppose that $2000 is loaned at a rate of 9%, compounded monthly. Assuming that no payments are…

A:

Q: What lump sum must be invested at 8%, compounded quarterly, for the investment to grow to $30,000 in…

A: we will useA =P1+rnntGiven A =$30,000r =0.08n=4      (quaterly)t =12 years

Q: Suppose that $2000 is invested at a rate of 3.3%, compounded monthly. Assuming that no withdrawals…

A: Given principal=$2000 r=3.3%

Q: Find the accumulated value of an investment of $20,000 at 5.25​% compounded annually for 12 years.…

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

Q: An employee contributes $350 each month to her 401(k). What will be the value of her 401(k) after…

A: From given, P = $350, i=12%12=1%=0.01,n=360. The amount after n deposits can be calculated by the…

Q: . With a present value of $135000,what is the size of the withdrawals that can be made at the end of…

A:

Q: Shen deposited $4000 into an account with 5.7% interest, compounded quarterly. Assuming that no…

A:

Q: 17. If Joe deposits $800 in an account paying interest at an annual rate of 6% compounded quarterly,…

A:

Q: Find the amount needed to deposit into an account today that will yield pension payments of $30,000…

A: The compound interest formula is,

Q: Suppose a state lottery prize of $6 million is to be paid in 25 payments of $240,000 each at the end…

A:

Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

A:

Q: Omar deposited $4000 into an account with 4.2% interest, compounded annually. Assuming that no…

A:

Q: Find the amount needed to deposit into an account today that will yield pension payments of $25,000…

A: Given:  The amount deposited today will yield pension payments of $25,000 at the end of each of the…

Q: find the amount owed after  4

A: Given: Initial amount ( p) = $2000  Interest rate (r )= 19.5 % Compounded monthly ( n) = 12

Q: If $200 is borrowed with an interest of 18.0% compounded monthly, what is the total amount of money…

A: The solution is given below:

Q: With a present value of $140,000, what is the size of the withdrawals that can be made at the end of…

A: To find - With a present value of $140,000 what is the size of the withdrawals that can be made at…

Q: With a present value of $150,000, what is the size of the withdrawals that can be made at the end of…

A: given: Pv=150,000 n=10 r=6.3% compounded quaterly

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: #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly.…

A: We have to find amount

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: If Jackson deposits $180 at the end of each month in a savings account earning interest at a rate of…

A: Monthly Compounding:

Q: 1. If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual interest…

A: Given that principle amount P= 5000 Rate of interest r = 4 Time n= 2 Compounded quarterly Amount A =…

Q: Suppose that $4000 is placed in a savings account at an annual rate of 10.8%, compounded monthly.…

A:

Q: How much shoulda parent invest at the beginning, at 8% interest compounded quarterly, to withdraw $…

A:

Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…

A: Solution of given question is written in below steps.

Q: 000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10…

A: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

Q: Suppose that $2000 is placed in a savings account at an annual rate of 4.2%, compounded monthly.…

A:

Q: If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of…

A: Given,  P = $80 R = 3% = 0.03 n= 12 t=4

Q: Suppose that $2000 is invested at a rate of 3.3%, compounded monthly. Assuming that no withdrawals…

A:

Q: Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $4500…

A: P = 250000 r = 0.05/4=0.0125 PMT = 4500

Q: Suppose a state lottery prize of $9 million is to be paid in 25 payments of $360,000 each at the end…

A:

Q: Calculate the amount of money Cynthia had to deposit in an investment fund growing at an interest…

A: To find out the amount of money that Cynthia has to deposit.

Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

A:

Q: Suppose that $5000 is placed in a savings account at an annual rate of 7.6%, compounded quarterly.…

A:

Q: The managers of a pension fund have invested $1.5 million in U.S. government certificates of deposit…

A:

Q: A zero coupon bond with a face value of $23,000 matures in 14 years. What should the bond be sold…

A:

Q: Suppose $20,000 is deposited into an account earning 2.5% annual interest, find the balance at the…

A:

Q: Suppose that $2000 is loaned at a rate of 14%, compounded semiannually. Assuming that no payments…

A:

Q: A corporation established a sinking fund to discharge a debt of $150,000 in 7 years. If deposits are…

A: Total debt to be paid = 1,50,000$ in 7 years  Interest = 5.2% compounded yearly Amount of each…

Q: Suppose $200,000 is used to establish an annuity that earns 4%, compounded quarterly, and pays $6500…

A:

Q: Suppose that $2000 is loaned at a rate of 12%, compounded quarterly. Assuming that no payments are…

A: A=P1+rnnt r is the rate t is the time P is the principal. A is the amount after t years.

Q: ch will he have in the account after

A: Given: Initial amount (p)  = $ 4000  Interest rate (r) = 3.4 %  Compounded semiannually ( n) = 2

Q: Jasica Parker would like to have $26,000 to buy a new car in 7 years. To accumulate $26,000 in 7…

A:

Q: If 15,000 is to be accumulated to50,000 in 5 years, what is the ratecompounded (A) quarterly? (B)…

A: