Suppose that you have 5000$ in your bank account and each month you withdraw 14% of the money left in the account. How long will it take for there to be 1000$ left in the bank account?

Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 4% interest. How…

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Q: a) If a car depreciates at 15% per year, how long is it until it is worth half of its original…

A: a) Given that a car depreciates at 15% per year. To find the time when it is worth half of its…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: Assume that cigarettes cost $9.50 per pack and consider a 20 year old  college student smoker who…

A: Here given  cost of 1 cigarette= $ 9.5 and college student somkes 16 packs per month  And now he…

Q: You want to be able to withdraw $50,000 from your account each year for 30 years after you retire.…

A: We will solve the problem.

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: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 6% interest. How…

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Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: Suppose you want to accumulate $25,000 as down payment on a house and the best you can do is to put…

A: The number of monthly installments required to get a certain FV n=ln(Fvi+cp)-ln(cp)ln(c+i)-ln c FV =…

Q: if $25,600 is invested for 3.5 years at 4.75% simple interest, how much interest is earned?

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Q: Suppose you wish to save $3,720. If you have $3,000 and invest it at 8% simple interest, how long…

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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: Suppose you have a $2,000 savings bond that pays 6% interest annually that matures in 10 years.  How…

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Q: When the mortage is completely paid off for Marks and Lynee's house, it will be 4 times as old as it…

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Q: A machine is valued at $10,000. If the depreciation at the end of each year is 40% of its value at…

A: Price at start of first year =$10000 depreciation every year = 40%

Q: A particular car is said to depreciate 15% each year. If the car new was valued at $20,000, what…

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Q: Suppose you save $1 the first day of a month, $2 the second day, $4 the third day, and so on. That…

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Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple…

A: As per our guidelines we are supposed to answer only one question. Kindly re-post other question as…

Q: An investor puts £5,000 in a savings account that pays 10% simple interest at the end of each year.…

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Q: Suppose in 2020 you have $13800 in an account earning 0.8% annually. How much money will you have in…

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Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How…

A: Given : Final Amount (A) = $600,000, Time(t) = 25, Interest rate(r) = 10% or 0.1 To find : Interest…

Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

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Q: How long will it take to pay off a debt of $3960 if $50 is paid off the first month, $60 is paid off…

A: Given, $50 is paid off in the first month, $60 is paid off in the second month, $70 is paid off in…

Q: Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the…

A: Given the initial value of the car at the start of the year is $30,000. The car loses 10% of the…

Q: If Hannah places $ 5500 into an account earning 6% interest compounded continuously, how much will…

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Q: You want to be able to withdraw $35,000 from your account each year for 15 years after you retire.…

A: We have to find how much will we need to deposit each year until retirement to achieve our…

Q: if miya places $650 in a savings account that earns a nominal 2.5% yearly interest compound monthly,…

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Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: You want to be able to withdraw $50,000 from your account each year for 25 years after you retire.…

A: Given that, You want to be able to withdraw $50,000 from your account each year for 25 years after…

Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Definition used -           Future value of annuity -                                FV=P(1+r)n-1r…

Q: A machine is valued at $10,000. If the depreciation at the end of each year is 20% of its value at…

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Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: Suppose your have no balance (debt) on your credit card.  If you spend $150 in a month and paid…

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Q: How much money should you deposit in a bank so that it will accumulate to ₱100,000 at 1% simple…

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Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 8% interest. How…

A: Find the monthly payment.

Q: You want to be able to withdraw $25,000 from your account each year for 30 years after you retire.…

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Q: if 12500 is invested at 6% from january 1, year 1, how much money accumulated until january 1 , year…

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Q: A payday loan is made for five weeks, where the amount of interest owed per $⁢100 borrowed is $⁢20.…

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Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 7% interest. How…

A: It is given that, the future value is FV = $400,000, r=7%=0.0712 since depositing monthly, and…

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: . How much money will the customer have in the account after 5 years?

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Q: An account starts with $1,000, and pays 100 percent interest per year. If the interest is credited…

A: If the interest is computed and credited more frequently during the year, the value of the account…

Q: How much should be invested at 9% to have $1100 at the end of 5.5 years?

A: Topic:- algebra

Q: A new car is purchased for \$41,000$41,000 and over time its value depreciates by one half every 3…

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Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 6% interest. How…

A:

Q: A machine is valued at $10,000. If the depreciation at the end of each year is 10% of its value at…

A: