Suppose you want to have $600,000 for retirement in 25 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? {Give 2 decimal places} b) How much interest will you earn?

Q: Compute the specified quantity. Your total payment on a 8-year loan, which charged 6% annual simple…

A: Given :  time  = 8 years,  Annual simple interest = 6% Total amount = $70,660 To find : principal…

Q: 1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of…

A: Let P amount is invested for t years with simple interest r%. Then total interest earned in t years=…

Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: This question is based on simple interest formula.

Q: What is the formula for converting U.S Dollars to Canadian Dollars?

A: We have to convert US dollars to  Canadian Dollars. We know, 1 Canadian dollar= 0.76 US dollars.

Q: The sum of Php 15,000 was invested for 3 years at 9% interest compounded semiannually (a) how much…

A: Given that : Principal (P) = 15000 Rate (r) = 9 % annually... For semiannually rate becomes  9/2 %…

Q: 1. A fruit vendor charges P150. 00 per kilogram of grapes plus a fixed delivery fee of P15.00. How…

A: Note: according to our guidelines we can answer only first question because there are multiple…

Q: You deposit $ 9,906 in an account earning 4 % interest compounded monthly. How much will you have in…

A: Given Data: The principle investment is: P=9906 $. The interest rate is per month is: r=4% Total…

Q: if auto insurace cost 6.56 per 1000 of coverage, what is the cost (indollars) to insure a car valued…

A:

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: Suppose $67,050 is divided into two bank accounts. One account pays 6% simple interest per year and…

A:

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: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: Compute the specified quantity. Your total payment on a 6 year loan, which charged 10% annual simple…

A: Given The number of years =6 Rate of interest=10% Amount to be paid =70,360 Let x be the amount…

Q: A man earns GH¢3,840.00 per annum and pays an income tax of GH¢48.00 per month. What percentage of…

A: We will have need to calculate the tax given in a year

Q: What quarterly interest rate equals an annual interest rate of 2 %? Give your answer as a decimal…

A: Given that: Annual interest rate, i=2%

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: a bank deposit paying simple interest grew from an initial sum of 1000.00 to 1075.00 in 9 months.…

A: given data  initial amount  = 1000 simple interest = 75 time                  = 9 months formula for…

Q: How long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at 9.5% per…

A: To find how long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at…

Q: A6

A:

Q: The recorded total number of accidents in a 1.5km section of highway from 2016-2020 is 557. If the…

A: Use the formula for accident rate and Substitute the given datas than simplify.

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: what is their combined wealth after five years?

A:

Q: The cost of goods sold at a restaurant is $5,620 for a week.  The labor cost at the restaurant is…

A: Given that cost of goods sold at a restaurant is $5620 for a week. the labor cost at the restaurant…

Q: John Lee's savings account has a balance of $2685. After 6 months, what will the amount of interest…

A:

Q: If Php 25,000 is invested at an annual interest rate of 12% compound a. annually b. quarterly c.…

A: Given : Investment amount = Php 25000Rate = 12% and time = 2 years

Q: 1. Onions are on sale at 8% off the regular price. If the regular price of onion is P25 per…

A: Onions are on sale at 8% off the regular price. Regular price of onion is 25 units. Now we find the…

Q: 2. The average price of a compact car is $20,000. If the value of the car depreciates an average of…

A: Given: The average price of a compact car is $20,000.

Q: find the effective rate for a nominal rate of 6% compouded continouslt. write your answer as a…

A:

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

A:

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: What is the balance of Kristen’s $3000 after 8 years?

A:

Q: How much money should be deposited in an account paying 6% interest compounded monthly in order to…

A:

Q: Prisha, James, and Zhang each invested $7,000, $24,000, and $18,000, respectively, into a business.…

A: We will find out the required values.

Q: What's the current yield of a 3.8 percent coupon corporate bond quoted at a price of 102.08? (Round…

A: Given that 3.8% coupon corporate bond quoted at a price of 102.08. Formula for current yield is…

Q: A bank deposit paying simple interest grew from an initial amount of $1400 to $1505 in 3 months.…

A:

Q: You

A:

Q: If $1600 earned simple interest of $27.20 in 6 months, what was the simple interest rate? The simple…

A:

Q: What interest rate was applied for P16, 400 to earn interest of P3, 600 invested for 650 days using…

A:

Q: 3600 dollors is placed in an account with an annual interest rate of 9%.How muh will be in the…

A:

Q: How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if…

A: I have stated the used formula in the solution

Q: 2. The average adult spends 7 hours every night sleeping. If it is estimated that 20% of sleep is…

A: Here we want to find the time spent in deep sleep each year.

Q: Use the net price rate to calculate the net price for 10  boxes of computer paper if the unit price…

A: In this question, concept of discount is applied. Discount The reduction in the price of goods or…

Q: A person wishes to have $29,800 cash for a new ar 4 years frmo now. How much should be placed in an…

A:

Q: What is the value of an asset after 8 years of use if it depreciates from its original value of…

A:

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: A credit card bill due on April 5 showed a balance of $263. The card holder forgot to pay the bill…

A:

Q: What daily interest rate equals a quarterly interest rate of 17%? Give your answer as a decimal…

A:

Q: What quarterly interest rate equals an annual interest rate of 15 %? Give your answer as a decimal…

A: Given problem is :   What quarterly interest rate equals an annual interest rate of 15 %? Give…

Q: Compute the specified quantity. Your total payment on a 3 year loan, which charged 7% annual simple…

A: Amount = principal (1+ ((rate*time)/100)) simple interest= (principal*rate*time)/100

Q: A loan of $1,090 was repaid at the end of 12 months with a check for $1,115. What annual rate of…

A: