Suppose that you had the opportunity of investing 5000$ in a business such that the value of the investment after five years would be 6300$. On the other hand, you could instead put the 5000$ in a saving account that pays 6% compounded semiannually. Decide which investment is better?

Q: If you deposit $4500 at 5% annual interest compounded quarterly, how much m oney will be in the…

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Q: Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every…

A: It is given that, at age 25, you decide to save for retirement by depositing $95 at the end of every…

Q: Suppose you put a $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: In the given problem, The principle amount is p = $1000 The rate of interest is r = 7.2% And, the…

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: Mr. Chua had a P50,000 business loan that is to be paid for 1 year. If the interest rate is 10%…

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Q: suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every…

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Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 2 years is…

A: Amount , A= P(1+r/n)nt   where, P= the principle amount             r= rate of interest           t=…

Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: Assuming that you invest $13,000 in the United States, how long (to the nearest year) must you wait…

A: The formula for compound interest is, A=P1+r100n where, A is compounded amount P is the Principal…

Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

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Q: Assume that a savings account earns interest at a rate of 3% compounded quarterly. If this account…

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

A: Given; Saving $270 per quater Rate of interest = 8% Compounded quaterly, n=4 Number of years=…

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

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Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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Q: c. Suppose that you had the opportunity of investing $5000 in a business such that the value of the…

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

Q: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

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Q: A recent college graduate with $24, 000 in student loans decides to leave the country without making…

A: The student loan is $24,000. If the interest rate on those student loans was 9% compounded daily,…

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

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Q: Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is…

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

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Q: Knowing he has cancer, Dier has created a fund to provide an annual scholarship to his children of…

A: we have given the type of ''increasing annuity'. Now, According to given information: Annual…

Q: An investment fund pays 5% per year, compounded semi-annually, on all money invested. How much must…

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Q: Suppose you want to accumulate $100,000 for a down payment on a house in 6 years. You make a single…

A: Solution is given below:

Q: If Jean invests $2300 in a retirement account with a 6% interest rate compounded annually, how long…

A: To determine the time required for the investment to accumulate to $ 4150.

Q: If Amy needs $15,000 in years 6 for a down payment on a home how much should be invested today at…

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Q: Allison is 28 years old and plans to retire at age 65 with ​$530,000 in her retirement account.…

A: Let the principal amount be P He retires at an age of 65, that is, in 37 years from the date of…

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: If Juanita invests $1500 in a retire-ment account that earns 8% compounded annually, how long will…

A: Given:Juanita invests $1500 in a retirement account the earns 8% compounded annually, and the amount…

Q: At the time of her grandson's birth, a grandmother deposits $13,000 in an account that pays 3.5%…

A: a) Grandmother deposits (P) is $13,000. Interest rate is, 3.5%. That is r = 3.5/100 = 0.035. Number…

Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

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Q: In order to have P1 million in a fund at the end of 15 years. how much must be deposited in the fund…

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

Q: young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

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Q: If John invests $2300 in a savings account witha 6% interest rate compounded annually, how long will…

A: To find the no of years

Q: Your RRSP savings of $50,000 are converted to a RRIF at 4.95% compounded monthly that pays $5,220 at…

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Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

A: Note: Hey there! Thank you for the question. As you have posted multiple questions, we have helped…

Q: If it takes 12 years and 5 months to double your money (compounded quarterly), how long would it…

A: To determine the time t it will take for the investment to double.

Q: Erin has $250,000 saved for retirement in an account earning 3.4% interest, compounded quarterly.…

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Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: Given:  P=$1,000,000r=6.7%=0.067n=2t=12 year To determine: The amount that can be withdrawn from…

Q: Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to…

A: Here we need to apply the concept of compound interest compounded monthly

Q: A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

A: Solution: P = $ 8000 r = 8% Using formula  A = P1+rnnt

Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

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Q: The buyer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money is 8%…

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Q: A Family is saving up for a house payment. If they deposit $400 each month into an account that pays…

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Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: A family is saving up for a house payment. If they deposit $400 each month into an account that pays…

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Q: A student opens a credit card and immediately maxes it out by putting $2,000$2,000 on it in order to…

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Q: Assume that you want to have $ 3100 saved in a sinking fund in 1 year. The account pays 4.5%…

A: given, FV = $3100 N = 1 M =12 (monthly compounding) R =4.5%

Q: If saving account awards interest of 3 percent per year compounded semiannually, what amount must…

A: In case of interest compoundedly semiannual Rate = annual rate/2 Time = 2* annual time Hence rate=…

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…