Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 8 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much (in $) will be in the account at the end of the 8 year period? $ (b) What is the total amount (in $) of interest earned in this account? $

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

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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: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3…

A: From the given information, the investment amount P=$7,000, time t=6 years, interest rate r=8% and…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: Find the final amount of money in an account if $3,700  is deposited at 7%  interest compounded…

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Q: If you save $270 per quarter for retirement in an account that earns 8% interest per year compounded…

A: Given; Saving $270 per quater Rate of interest = 8% Compounded quaterly, n=4 Number of years=…

Q: A man deposits $ 36,200 into a bank, which pays 12% interest that is compounded quarterly. What will…

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

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

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Q: You deposit $2000 at the beginning of each year into an account earning 4% interest compounded…

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Q: Find the final amount of money in an account if $4,500$4,500 is deposited at 6.5%6.5% interest…

A: Given

Q: How much would you need to deposit in an account now in order to have 5000 in the account and 10…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

A: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

Q: An account is opened with an initial deposit of $4600 and earns 7.3% interest, compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=4600 r=7.3%=0.073 n=2 for…

Q: Sumi Kato's savings account has a balance of $1,596. After 21 years what will the amount of interest…

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Q: Knowing he has cancer, Dier has created a fund to provide an annual scholarship to his children of…

A: we have given the type of ''increasing annuity'. Now, According to given information: Annual…

Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

A: The value of r compounded monthly , r=4% compounded monthly=412%  Number of months in each quarter =…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 10…

A: Given,         A=3000 , t=10 years, r= 2% and compounded monthly

Q: Suppose Adam wants to have $750, 000 in his IRA at the end of 30 years. He decides to invest in an…

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Q: Find the final amount of money in an account if $6,600 is deposited at 6% interest compounded…

A: Given: An amount of $6,600 is deposited at 6% interest compounded annually and the money is left for…

Q: Find the final amount of money in an account if $2,000 is deposited at 8% interest compounded…

A: Given

Q: Suppose a certain manufacturer deposits $3,000 at the beginning of each 3 month period for 8 years…

A:

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Use formula of compound interest

Q: If $3500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Lets use the final value formula, FV=P{[1 + R]N - 1/ R}=FV OF $1 PER PERIOD. Given, FV = 60,000 P =…

Q: Find the final amount of money in an account if $4,000 is deposited at 2%interest compounded…

A: compounded annualy , final amount = ?

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

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Q: (a) If $1,000 is irvested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

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Q: How much would you need to deposit in an account now in order to have 5000 in the account in 10…

A: Given data is: Amount=5000t=10 yearsr=6% compounded monthly Here, compounded monthly, therefore n=10…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

Q: If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded…

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Q: How much can be paid in scholarships at the end of each year if $650,000 is deposited in a trust…

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Q: compounded quarterly

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Q: If $1500 is deposited at the end of each quarter in an account that earns 4% compounded quarterly,…

A: Given: PMT= quarterly deposits =$1500 Interest rate per year =4% i=IY=4%4=1%per quarter Future value…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: To determine the initial amount (principal) in the given compound interest problem

Q: Find the final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

Q: Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $948 is deposited…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

A: Formula: A=P1+rnnt where A= Final amount P= Principal initial balance r= Rate of interest t= Time…

Q: How much would you have to deposit in an account today to have $37 000.00 in a three-year term…

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Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

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Q: find the value of a $3000 certificate in 2 years, if the interest rate is 10% compounded annually…

A: Formula used;-          Amount = Principal(1+rate/100) n(no.of years)

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…

A: It is given that the interest is compounded monthly. The formula for compound interest is A=P1+rnnt…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Let the amount to be invested be P

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years

Q: How much must be placed each month into a retirement account earning 14% compounded monthly if the…

A: Given, r= 14% A= $1000000 t= 35 years n=12 (compounding monthly)