Suppose you go to a company that pays $0.03 for the first day, $0.06 for the second day, $0.12 for the third day, and so on. If the daily wage keeps doubling, what will your total income be for working 30 days? Total Income = $ %3D

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

Q: After several years of working, Katy has saved $125,000. If she invest that $125,000 in savings fund…

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Q: f you invest $9,000 in an account that earns an APR of 3% simple interest, what will be the account…

A: for simple interest  P = $ 9000 r = 3% = 0.03 t = 10 years

Q: b) Suppose that the amount in an account 3 years after being invested at 7% is $6050. What was the…

A: A=P1+rtr=rate p= principal amountA = amoiunt

Q: Suppose you go to a company that pays $0.04 for the first day, $0.08 for the second day, $0.16 for…

A: The objective is to find the total income after working 30 days.

Q: We borrowed $1000 at a 10% annual interest rate. If we did not make a payment for two years, and…

A: Given we borrowed $1000 at 10% annual interest rate. Please find the solution below. Thank you

Q: To start a new business Beth deposits $2500 at the end of each six-month period in an account that…

A: Consider the given:  Given that:Both deposit $2500 = Rr%=6%r=0.06k=2t=9S=Ri1+in−1i=rki=0.062i=0.03

Q: How much interest will you earn if you invest $5100 for 4 years at a simple interest rate of 6%…

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Q: Suppose you wish to borrow $⁢600 for five weeks and the amount of interest you must pay is $25 per…

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Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. a) How…

A: Given. we want to have 600,000 dollar in in my account at the time of retirement which is 20 years…

Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: Suppose the value of your car is decreasing by 18% per year. If your car is currently worth $20,000.…

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Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: The doubling time of an investment is the amount of time it takes to double in value. If an…

A: Topic:- algebra

Q: Suppose you go to a company that pays 0.05 for the first day, 0.1 for the second day, 0.2 for the…

A: The daily wage in a company doubles everyday. Starting with 0.05 on first day, 0.1 on second , 0.2…

Q: To get $300 after 4 years at 3% compounded daily

A: The present value P of A dollars to be received after t years, with annual interest rate    r is…

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: Suppose you are offered a job with a relatively low starting salary but with a $2000 raise for each…

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Q: What amount must be invested in order to have P128 376.52 after 8 years if mone worth 6% compounded…

A:

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: Mauro has $500 to invest in one of two accounts for 3 years. Account 1 earns 1.2% interest…

A:

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: 5000

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

A:

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: Suppose Mr. Chui would like to know the present value of his monthly deposit of P4,500 when interest…

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Q: A loan is to be repaid quarterly for 11 years that will start at the end of 4 years. If the interest…

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Q: A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of…

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Q: Find the rate of interest if N2,800 gains N600 in 5 years

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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 is the amount of money (P) that must be deposited in an account that pays 2.3% annual interest,…

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Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

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Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

A:

Q: Suppose you go to a company that pays $0.04 for the first day, $0.08 for the second day, $0.16 for…

A: Given: A company pays $0.04 for the first day, $0.08 for the second day, $0.16 for the third day,…

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

A: First day saving=$1 Second day saving= $2 Third day saving=$4 We can write the above in power of 2…

Q: Suppose you are offered a job with a relatively low starting salary but with a $3000 raise for each…

A: Given  $3000 raise for each of the next 9 years

Q: If you invest $1700 in an account paying 7% compounded continuously, how much will be in the account…

A: We have the compound maturity formula

Q: Today, a typical family of four spends $920/month for food. If inflation occurs at the rate of…

A: It is given that a family spends 920/month for food and inflation occurs at the rate of 3% over next…

Q: To start a new business Beth deposits $1500 at the end of each period in an account that pays 9%,…

A: here we will find future value of ordinary annuity,

Q: Suppose you go to a company that pays 0.04 for the first day, 0.08 for the second day, 0.16 for the…

A: Given that the initial wage is 0.04 and it keeps doubling every next day. To find the total income…

Q: Suppose you go to a company that pays 0.02 for the first day, 0.04 for the second day, 0.08 for the…

A:

Q: A loan is to be repaid quarterly for 12 years that will start at the end of 3 years. If the interest…

A: Formula for present value

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: Suppose you deposit $5,000 into an account earning 5% per annum. How many years will it take for…

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Q: An employee invests £1000 at the end of each month into her Pension Fund for 30 years. What is the…

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

A:

Q: If P400 is deposited now in a savings account with an interest of %, then the value in the account 8…

A: We are not given if the interest was compound interest or simple interest. In this case, we consider…