Suppose you Invest $170 a month for 4 years Into an account earning 9% compounded monthly. After 4 years, you leave the money, without making additional deposits, In the account for another 21 years. How much will you have In the end?

Q: Tom wants to have $6,000 in three years. At 4.75% interest compounded monthly, how much does he need…

A:

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

A:

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: By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it…

A: The compound interest is given by:

Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A:

Q: If you have $5000,00 to invest a rate of 3.5% compounded monthly, how long would it take to save…

A: Given investment(P) = $5,000.00 interest rate(r) = 3.5% per annum Final amount(A) = $15,000.00 The…

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 should you deposit at the end of each month into an investment account that pays 8.5%…

A: Here, we need to find the amount we deposit at the end of each month into an investment account that…

Q: Gallant invests starting at age 25 until he retires at age 65. If he invests $2400 each yearat 9.6%…

A: J

Q: How much should Michelle have in a savings account that is earning 4.50% compounded quarterly, if he…

A: interest rate = 4.05% = 0.0405 rate at quarterly = 0.0405/4 = 0.010125 duration = 8 year  compunded…

Q: A newborn child receives a $5,000 gift toward a college education from her grandparents. How much…

A:

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: The adult children of a college professor are endowing a scholarship fund in their father’s name.…

A: Given that, Present value = P = $1000 Interest rate = r = 6% = 0.06 Time = n = 3years

Q: John requires $3000 in 6 months to pay off a loan that has no prepayment privileges. If he has the…

A: Given : John requires $3000 in 6 months to pay off a loan that has no prepayment privileges. So,…

Q: If you invest $150 each month into an account earning 3% compounded monthly, how long will it take…

A: Here the required formula is given by,                                 A=d1+rnnt-1rn           ...…

Q: If you need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

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

A:

Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 6%, compounded…

A:

Q: If you borrowed $200,000 to buy a house at 6% interest per year, compounded monthlyand paid back the…

A: Time =t= 30 years Compounded monthly , so n=number of times compounded in a year= 12interest rate =…

Q: paying 15.5%

A:

Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: ANSWER :

Q: An amount of $44,000 is borrowed for 8 years at 4.75% interest, compounded annually. If the loan is…

A: A=P(1+r)t P is the amount borrowed.r is the rate of interest.t is the time.

Q: An amount of $37,000 is borrowed for 10 years at 4.25% interest, compounded annually. If the loan is…

A: Given information:- An amount of $37,000 is borrowed for 10 years at 4.25% interest, compounded…

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: An investor deposits $200 each month into an account that pays 6% compounded monthly. How much is in…

A:

Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=300 r=9%=0.09 t=4 years…

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: How much will you get out after 12 years if you put away 1800 at 6% compounded monthly?

A:

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: A person needs $15 000 for a down payment on a car. If the person invests $10 000 at 9% interest,…

A: Given  A=15000 P=10000 r=9%=0.09

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

A:

Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: Suppose you invest $190 a month for 6 years into an account earning 7% compounded monthly. After 6…

A: topic - application of geometric progression

Q: How much will you have after 25 years if you put $2000 per month in the account that instead earns…

A: The solution is given below:

Q: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…

A:

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: 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: How much can be paid in scholarships at the end of each year if $200 000 is deposited in a trust…

A:

Q: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded…

A:

Q: You just deposited $5,000 in a bank account that pays a 12% nominal interest rate, compounded…

A:

Q: How much should Chad have in a savings account that is earning 2.75% compounded monthly, if she…

A: According to the problem, we have

Q: Suppose you want to borrow $20,000 for a new car. You can borrow at 6% per year, compounded every…

A: P = monthly payment PV = loan amount r = rate of interest n = number of periods

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.…

A:

Q: Suppose you deposit $4000 in a CD paying 5% interest, compounded monthly. How much will you have in…

A:

Q: A young man is a beneficiary of a trust fund established for him 16 years ago at his birth. If the…

A: Given

Q: How much should you set aside and invest in a fund earning 9% compounded quarterly if you want to…

A: We need to find the amount of money that must be invested to accumulate P200,000 in 3 years and 3…

Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A: Formula used to solve the given problem is given below: An=P×1-1+r-nr Where; P= periodic payment…

Q: Madison invested $3,300 in an account paying an interest rate of 6.7% compounded daily. Assuming no…

A: The given data is: Medison invested P=$3300 Rate of interest R=6.7% Time t=5 years To find the…

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.