What annual deposit is necessary to have $11,000 in 5 years if all the money is deposited at 1.5% interest compounded annually?  (Answer the question. (Round your answer to the nearest cent.) $ =

Q: How much money should be invested in an account that earns 9% interest compounded quarterly to yield…

A: Given: FV=$10,000 t=4 yearsr=9%n=4 compounded quarterly Let the money invested is P…

Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

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Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A: Given: The total cost of four-year private education is estimated to be $50,000. The rate of the…

Q: What annual deposit is necessary to have $14,000 in 9 years if all the money is deposited at 1.5%…

A: we have to find annual deposit. the soltion is following.

Q: To help pay for an estimated $35000 in college expenses, parents make a deposit into a college fund…

A: To help pay an estimated $35000 in college expenses, parents make a deposit into a college fund at…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

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Q: If $11,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

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Q: lohn and Rosamond want to retire in 10 years and can save $190 every three months. They plan to…

A: Given: Periodic payment (m0=$190Rate(r)=7.72%Time(t)=10 yearsNumber of payments per year(n)=5

Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: What interest will be earned if $6400 is invested for 4 years at 11% compounded monthly? (Round your…

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Q: An amount of $29,000 is borrowed for 15 years at 8.25% interest, compounded annually. If the loan is…

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Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Term of…

A: Determine the present value of an investment that will be worth $12,000 in 8 years if compounded…

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

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Q: How much would you have to invest at 6% yearly interest compounded annually for 35 years to be worth…

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Q: If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is being…

A: Given:- If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is…

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

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Q: What present value P amounts to $280,000 if it is invested at 7%, compounded semiannually, for 16…

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Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

A: Topic-compound interest

Q: How much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

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Q: How much money should be invested every quarter at 8% per year, compounded quarterly, in order to…

A: The solution for the above question is as shown below.

Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

A:

Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

Q: How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A: Given: The amount at end of 8 years=$32000 Rate of interest = r = 9% = 0.09 The number of times…

Q: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: Find the present value of $10,000 over a term of 6 years at an annual interest rate of 8% if…

A: Given

Q: If the interest is compounded quarterly the borrower owes (1+a/4 )^4 at the end of year Where a is…

A: We can answer the question as below

Q: If $1500 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of…

A: To calculate the value of the investment (where the interest is compounded) for different time…

Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

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Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A:

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A:

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

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Q: At what normal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

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Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data  Investment P=1000  interest rate r=3.5% =0.035  Compounded daily=n=365  Value of the…

Q: An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.…

A: From the given data

Q: Solve by using the present value formula. Round your answers (in $) to the nearest cent. Nominal…

A: Given Compound amount =$13000                                   time= 8 years…

Q: quarterly

A: In this we have to use the standard formula for compound interest so I'm providing hand written…

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: r = 11% = 0.11 Compounded annually, i.e. n = 1 t = 5 To pay of debt, i.e. A = $30000

Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: How much money must you invest today at 8% compounded quarterly so that your investment will be…

A: Future Value:  F.V. = $ 500,000 Interest Rate:  8% Time Period: 30 years

Q: What is the future value of $115,000 invested for 5 years at 8% compounded monthly? Answer the…

A: The given data is: Present value PV=$115000Time t=5 yearsRate r=8%  To find the future value.

Q: How much monthly deposit must be made for 5 years and 5 month in order to acccumulate $120,000 at…

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Q: What present value amounts to $20,000 if it is invested for 15 years at 6% compounded…

A: Compound interest: Formula :  A=P1+rnnt where ; A is the amount . P is the principal or invested…

Q: How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A:

Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

A:

Q: What present value P amounts to $300,000 if it is invested at 8%, compounded semiannually, for 18…

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Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

A:

Q: If $4000 is borrowed at a rate of 5.75% interest per year, compounded quarterly, find the amount due…

A: This question is related to compound interest, We will solve it using given information.

Q: A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the…

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Q: If the interest is compounded quarterly the borrower owes (1+a/4 )^4 at the end of year Where a is…

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