Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every 3 months in an annuity that pays 5.5 % compounded quarteriy. (a) How much will you have saved at the end of 11 years? (b) Find the interest. (Round to the nearest dollar. For example, $247) 10.

Q: To offer scholarships to children of​ employees, a company invests ​$11,000 at the end of every…

A: Recall the following fact.

Q: e future value of an ordinary annuity of $100 paid at the end of each quarter for 2 years, if…

A: FV=C(1+r)n-1r×(1+r)C=$100  r= 6% = 0.06  n=2 years  compounded quarterly r=0.064  n=2×4=8

Q: an insurance settlement of 750,000 must replace an injured workers income for the next 40 years.…

A: Given that, The insurance settlement amount, P=750,000. The rate of interest, r=6.2%. The time…

Q: Tom and Sandy have set up a sinking fund in order to have $15,000.00 in 44 years for their child's…

A: According to question given :Tom and sandy have set up a sinking fund in order to have $15,000.00in…

Q: /2. Jimmy invests $4,000 in an account that pays 2% annual interest, compounded semi-annually. What…

A: 2. The principal amount, P = $4000 Rate of interest, r=2%=0.02 The number of times the interest…

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A: solution

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A:

Q: Acme Annuities recently offered an annuity that pays 7.2% compounded monthly. What equal monthly…

A: Formula :-

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

A:

Q: A man borrowed 200,000.00 from a bank at 12% compounded monthly, which is payable monthly for 10…

A: A man borrowed 200,000.00 from a bank at 12% compounded monthly, which is payable monthly for 10…

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A: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

Q: Juan Dela Cruz wants to deposit ₱5,000 every quarter at 16% compounded quarterly for 5 years. How…

A: We have to find out solution

Q: At the time of her​ grandson's birth, a grandmother deposits $6000 in an account that pays 2%…

A: Since you have posted multiple questions and we can answer one question. So, answered the first…

Q: A lottery prize is $600 million. If interest rate is 3 % nominal annual compounded annually, answer…

A: Let P be the principal amount and r be the interest rate compounded annually  then the equal…

Q: If you were to invest $800 at 8% interest compounded annually or each year, what would be your…

A:

Q: What payment is required at the end of each month for 10 years to repay a $200,000 mortgage if…

A:

Q: After putting down 20% of $110,000 on a house and paying an interest rate of 3.5% compounded…

A:

Q: Amy won a lottery that would pay her $42,000 in 2 years and $10,200 in 5 years. The lottery company…

A:

Q: Suppose you want a $22,000 car right now, but cannot afford it so you instead get a loan. The loan…

A: Given Suppose you want a $22,000 car right now, but cannot afford it so you instead get a loan. The…

Q: Ava purchased a boat valued at $25,000 on an installment plan requiring equal monthly payment for…

A: Ava purchased a boat valued at $25,000 on an installment plan.The monthly payment is equal for four…

Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: Given query is to find the total amount after 10 years with $1800 month,6% compounded monthly.

Q: What is the value of an ordinary annuity at the end of 20 years if $1,000 per year is deposited into…

A:

Q: As a settlement for an insurance​ claim, Craig was offered one of two choices. He could either…

A:

Q: With a present value of $135,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: How much can be paid in scholarships at the end of each year if $650,000 is deposited in a trust…

A:

Q: (A) What is the present value of an annuity that pays $X per month for 10 years, where X is 2082 if…

A: Here we use geometric series formula.

Q: By the conditions of a will, the sum of P25,000 is left to a girl to be held in a trust by her…

A:

Q: A man buys a motor vehicle for $50,000.  if the interest rate on the loan is 12% compounded monthly…

A:

Q: An insurance settlement of $1 million must replace Trixie Eden's income for the next 40 years. What…

A: Consider the given: Presentvalue=$1millionTime=40yearsInterest=7.4%=0.074 As, we know that:…

Q: What is the present value of an annuity that pays ? per month for 10 years, where ?= 2055 if money…

A:

Q: Mustafa purchases an annuity due paying 8% quarterly. If his payment is $4511, how much will its…

A:

Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: A man is disabled in an accident and wants to receive an insurance payment that will provide him…

A: Use the formula for the present value is given below A=P1−1+rn−ntrn...….(1) Here, P=$2500 Rate of…

Q: Sarah deposited $15,000 in an investment fund that was growing at a rate of 3.00% compounded…

A: Please refer to the image below

Q: What single payment today would replace a payment of $2,100 in 2 years and a payment of $5,000 in 6…

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: If you deposit $2000 into a fund paying 4% interest compounded monthly, how much can you withdraw at…

A:

Q: A yearly payment of ₱50,000 is due at the start of each year for 10 years for an insurance worth…

A: Let the yearly rate of interest be r% per annum. It is given that a yearly payment of ₱50000 is made…

Q: Rich buys a car for $28,000 and has two options for financing. The dealership offers either…

A: Solution:-. calculate the principal by compounded monthly.

Q: Five years ago, Diane secured a bank loan of $300,000 to help finance the purchase of a loft in the…

A: We will use the formula,  A=R1-(1+i)-ni where A =300,000, i=12%12=1%=0.01   n= 30*12=360 so,…

Q: As a result of a court settlement, an accident victim is awarded $1.2 million. The attorney takes…

A:

Q: A man pays P 129,254  every end of six (6) months for a car bought on installment terms. If the man…

A:

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

A:

Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: According to the question, we have the data set: Interest rate= 3.2 % = 0.032  n= 4 (amount is…

Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2133 if…

A:

Q: Instead Leo wants to save up the $30,000 by putting away a little each month in an annuity. How much…

A: Given Leo wants to save up the $30000 by putting away a little each month in an annuity,  Interest…

Q: How much must be placed each month into a retirement account earning 14% compounded monthly if the…

A: Given, r= 14% A= $1000000 t= 35 years n=12 (compounding monthly)