Suppose you want to have $300,000 for retirement in 35 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? $4 b) How much interest will you earn? $4 %24

Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 7% interest.a) How…

A: According to the given information:Amount earned after retirement PN=$300,000Time (n) = 20yearsRate…

Q: Joy Wigens, who works at Putnam Investments, received a check for $2,670. She deposited 1/3 of the…

A: Depositing money in the bank refers to placing the money in the bank to get an interest rate.…

Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

A:

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 14…

A: We will find the principal for given problem.below find the detail solution in image.

Q: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If…

A:

Q: A man gets a job with a salary of $33,200 a year. He is promised a $2,450 raise each subsequent…

A: Salary is 33,200 a year raise is 2450  . This forms an arithmetic progression the value of a=33200…

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 20…

A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 20…

Q: 1 Maya wants to buy an $85.00 jacket for 20% off of the regular price. Part A) How much was the…

A:

Q: A savings account balance was $135.10 before a withdrawal of $60, a deposit of $22.50, and a…

A: Since you have asked multiple question,as per our guidelines we will solve the first question for…

Q: A man gets a job with a salary of $32,500 a year. He is promised a $2,190 raise each subsequent…

A:

Q: A man wishes to save money by setting aside 1 cent the first day, 2 cents the second day, 4 cents…

A: Given: A man wishes to save money by setting aside 1 cent on first day, 2 cents on second day, 4…

Q: If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about…

A: Suppose that X purchased an item, Cost of the item purchased by X, P=$1295. The interest rate,…

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

A:

Q: Answer the following questions completely.  Mboi sells his house through a real estate agent whose…

A: Let x be the selling price of x.

Q: 1. Alex opened a savings account and initially deposited Php2000. She decided that her monthly…

A:

Q: A woman earned wages of $40,400, received $2000 in interest from a savings​ account, and contributed…

A: (a) To determine the person’s gross income.The gross income consists of the total income, the total…

Q: A major shippingcompany is planning to purchase new cargo ships. It wants to borrow $1100 million by…

A: Given that, A major shipping company is planning to purchase new cargo ships. It wants to borrow…

Q: How many months in an 11.5 year loan?

A: While calculating months. 0.5 year is equal to 6 months.

Q: Mr. Samson handed out an intact of 100 BHD as a check-in deposit for his stay in Diamond Hotel. He…

A: Given: Mr. Samson handed out an intact of 100 BHD as a check-in deposit for his stay in Diamond…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. a) How…

A: Here, given that you want $500,000 for retirement in 30 years. Your account earns 6%  interest,

Q: If she is paid monthly, what is her net monthly income? O A. $2,622.00 B. $3,750.00

A: Given Annual income = $45000 So monthly income is = $45000/12 = $3750

Q: 10. If Luke put $8,000 into his savings account and earned $100.00 of interest at .25% simple…

A:

Q: Suppose you want to have $500,000 for retirement in 35 years. Your account earns 7% interest. a) How…

A:

Q: Suppose you want to have $500,000 for retirement in 35 years. Your account earns 9% interest.a) How…

A: (a)Given:

Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 10% interest. a)…

A: The given information is that the future value is $700,000 and the number of years is 35. The…

Q: a. Identify the amount​ borrowed, the annual interest​ rate, the number of payments per​ year, the…

A: Here we have, An individual borrowed  $72,000 at an APR of 6​% which will be paid off with monthly…

Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 5% interest. a) How…

A:

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 5% interest. a) How…

A: Given: r = 0.05                    5% annual rate k = 12                      since depositing…

Q: Margo borrows $1700, agreeing to pa annual interest after 14 months. Hov she pay?

A: Explanation and solutions is given below....

Q: In the article, there is a copy of the advertisement Washington placed in a Philadelphia newspaper…

A: In 1796, the amount a person had is $10.

Q: A man gets a job with a salary of $31,700 a year. He is promised a $2,390 raise each subsequent…

A:

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 10% interest. a)…

A: The objectives are: a) How much would one need to deposit in the account each month?b) How much…

Q: Jack and Terry Wittry are in their retirement years. They just received $503,000 after taxes from…

A: From the given information we find the solution.

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. a) How…

A: Given: Future value:  F = $ 800,000 Time Period: 25 year Interest Rate: 8%

Q: 1. To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How…

A:

Q: a $2,900 reclining chair on What was the deposit?

A: Layaway is a system of paying a deposit to secure an article for later purchase.

Q: A man gets a job with a salary of $39,500 a year. He is promised a $2,440 raise each subsequent…

A: 1) Base Salary of man is $39 000 2) Raise for subsequent year is $2,440 3) Calculate the salary for…

Q: How much interest will you have to pay for a credit card balance of $754 that is 1 month overdue, if…

A: Topic - interest

Q: A union has successfully negotiated for its members to get 2% raises annually. If a union member…

A: If a certain entity has a initial value of N units and it increases by x% per year. Then after one…

Q: assume you will put down 10% on a house that costs 424,900 dollars, and borrow the rest. What is the…

A: Cost of house=$424,900 Amount put down=10%

Q: 1) Mr. Ang's money became Php165,000 @ the end of 10 months. If the bank pays 12% annually, how much…

A: Given that,  Mr. Ang's money became in 10 months Php 165000 at the rate 12% annually. Let the…

Q: 1. If you want to have $60,000 in 8 years, how much do you need to deposit in the bank today if the…

A:

Q: To buy a laptop, Jihyo borrowed Php 38,000 at 8% simple interest. How much does she have to pay back…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and to…

A: Given : Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and…

Q: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: How many months will it take for an investment of Php 30,000.00 to earn Php 112.50 at 1.5% simple…

A: Formula for time in simple interest: t=IP×r where t= time in years I= Interest P= Initial principal…

Q: Carla earned wages of $49,869, received $1846 in interest from a savings account, and contributed…

A: Given information Earned wages=$49,869 Interest received=$1846 Tax contributed=$2524 Personal…

Q: 2. Nominal wage = P29,650.00 Real wage = P11,627.45 llan ang CPI?.

A: We have to find CPI.