What amount should be deposited today to buy for a P 216,000.00 house and lot in 6 years? The bank offers 3.6% compounded monthly.

Q: Audrey is going to invest in an accour paying an interest rate of 5.7% compounded daily. How much…

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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: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: Pesse Jinkman, a chemistry student at PCC, will be depositing $15,000 at the end of every quarter…

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Q: Find the balance on an account if you invest $ 759 at 3.9 % for 2 years compounded monthly.

A: Given: Amount of money invested is $759. Rate of interest is 3.9%. Time is 2 years. Rate is…

Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

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Q: How much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of…

A: The formula for compound interest is given by A=P1+rnnt where P is principle, A is total amount, r…

Q: 6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?

A: Since there are multiple questions the first questions is answered as per our guidelines. kindly…

Q: Kathy Crag, the owner of The Fabric Corner, lent $15,000 to Dani Flynn to open her own card shop.…

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Q: Francine currently has $75,000 in her 401k account at work, and plans to contribute $600 at the end…

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Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

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Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

A: You are depositing $550 per month You deposits a total of 40 years.

Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

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Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…

Q: Rosa Burnett needs $7,000 in three years to make the down payment on a new car. How much must she…

A: Given information Future value=$7,000 Rate of interest r=0.5% compounded annually ⇒r=0.5100=0.005…

Q: A P2000 loan was originally made at 8% simple interest for 6years. At the end of this period the…

A: Given that:                  Principal amount, P=P2000Simple interest rate, r=8%Time period, t=6…

Q: Bill invests $4,976 in a retirement account with a fixed annual interest rate of 7.80% compounded 2…

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Q: Berno deposits $30,000 into an account paying 3.25% annual interest, compounded quarterly. How much…

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Q: Evaristo would like to invest N$ 12,500.00 a month at the beginning of each month at an interest…

A: To find the C.I.

Q: How much should Lindsey's dad invest into a savings account today, to be able to pay for Lindsey's…

A: I am attaching image so that you understand each and every step.

Q: n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded…

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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: Mitchell invested $4583 at 5.61% compounded quarterly. Calculate the accumulated value of the…

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Q: Kelsey deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: The accumulated value of the RRSP at the end of 8 years is 127353.74 (rounded to nearest cent)

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: Susan Orman wants to pay $1,550 semiannually to her granddaughter for 10 years for helping her…

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Q: Nicole wants $7,000 saved in 3 years to make a down payment on a house. How much money should she…

A: Amount after 3 years A = $ 7,000 Time t = 3 years Interest rate r = 5.95% compounded semiannually…

Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded quarterly. Assuming…

A: Initial amount=P= 3500  Final amount=A=? Time= t=19 years  Interest rate=r= 3.5%= 0.035  Number of…

Q: Jason thinks he can save enough to deposit P1,200 in the bank at the end of each year for the next…

A: The future value of an annuity is given by FV=PMT×1+in-1iWhereFV=future value of annuityPMT=cash…

Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…

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Q: Mr. and Mrs. Maglalang decide to set aside ₱ 500,000 today and place it on a bank savings account…

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Q: c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long…

A: Solution :-

Q: Juan invested $5,600 at 5.75% compounded quarterly for 7.5 years. How much will be in his account at…

A: See calculation below

Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…

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Q: Matthew deposited $1,300 at the end of every month into an RRSP for 8 years. The interest rate…

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Q: Maria is paying off a loan by making $50 payments at the beginning of every month for 2 years, at…

A: The formula to calculate the amount to be paid after a loan of P amount is taken at the rate of r%…

Q: Dawson is saving for a down payment to buy a house. The account earns 2.5% interest compounded…

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Q: How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balance…

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Q: I want to have $20,000 to buy a car in five years. How much would I have to invest now in a savings…

A: We will use the Compound Interest formula to find the amount you need to invest every year to get…

Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

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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: You deposit $4000 in a bank with annual interest rate of 3.5% compounded monthly. What would your…

A: Here, P=$4000, n=1, r=0.035, and t=20.

Q: unt that

A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…

Q: Berno deposits $30,000 into an account paying 4.25% annual interest, compounded monthly. How much…

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Q: Find the interest on P10,000 at 5 ½% for 4 years and 6 months compounded monthly.

A: Given that.   Find the interest on P10,000 at 5 %2% for 4 years and 6 months compounded monthly.…

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

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Q: John makes annual deposits of $1600 to an an IRA earning 7% compounded annually for 16 years. What…

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