What annual deposit is necessary to have $14,000 in 9 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 would you need to deposit in an account now in order to have $3000 in the account in 5…

A: From the provided information is  Present value=Amount*(1+rate)-period  PV=3000*(1+(0.066))-6*5…

Q: At age 25, to save for retirement, you decide to deposit $75 at the end of each month in an IRA that…

A: Given Data The deposit amount is P=$75. The interest rate per month is r=6.5%. The time at age of 25…

Q: You deposit $5000 each year into an account earning 7% annual interest compounded annually. How much…

A: Use formula to calculate

Q: What interest will be earned if $6600 is invested for 2 years at 12% compounded monthly? (Round your…

A:

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

A: Here we find the compound interest on investment.

Q: What lump sum do parents need to deposit in an account earning 13%, compounded monthly, so that it…

A: If an amount P is invested for a duration of t years at a rate of r% per compounded monthly, then…

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: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: If 10 thousand dollars is invested at an interest rate of 5 percent per year, find the value of the…

A:

Q: A company needs $3,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given :   P = 3300000 r = 4.3 % = 4.3/100  = 0.043  t = 15  Given compound weekly so  n = 52 t = 15…

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: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

A:

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 $125 per month in an…

A: Here we find future value.

Q: A perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How…

A:

Q: If $400 is invested at an interest rate of 5% per year, compounded quarterly, find the value of the…

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Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A:

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 interest will be earned if $6100 is invested for 7 years at 13% compounded monthly? (Round your…

A:

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

A:

Q: How much do we earn if we invest $1000 at 10% compounded annually for 10 years?  Round to the…

A:

Q: What annual deposit is necessary to have $11,000 in 5 years if all the money is deposited at 1.5%…

A:

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

A: The present value is computed using the following formula -  PV = A1+rnnt Where PV = Present value,…

Q: How much do you need to invest at 3 % interest, compounded quarterly, in order to have $8500 in 10…

A: Given that rate of interest is 3%, the final amount is $8500 and time period is 10 years.

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: How much should a mother invest at the time her daughter is born in order to provide her with…

A: A mother invest at the time her daughter is born in order to provide her with$95,000 at age 18. The…

Q: Classify the financial problem. Assume a 11% interest rate compounded annually. What annual deposit…

A: Classify the financial problem. Assume a 11% interest rate compounded annually.What annual deposit…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: To solve the following problem when compounded anually.

Q: Sumi Kato's savings account has a balance of $1292. After 12 years what will the amount of interest…

A: Compound interest formula

Q: What annual deposit is necessary to have $14,000 in 5 years if all the money is deposited at 1.5%…

A: To find the annual deposit

Q: Solve the problem. How much money should be deposited today in an account that earns 6% compounded…

A:

Q: Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in…

A:

Q: A recent graduate's student loans total $16,000. If these loans are at 5%, compounded quarterly, for…

A: FORMULA A=final amount P=initial principal balance r=interest rate t= number of time period…

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: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: A manufacturer set aside a fund of $1200000. Thus, Adue=1200000 The payments are made at the…

Q: If $1200 is invested at an interest rate of 2.75% per year, compounded quarterly, find the value of…

A: Use formula to calculate

Q: A recent graduate's student loans total $14,000. If these loans are at 5%, compounded quarterly, for…

A: Given that, the loan amount is A=$14,000, interest rate is r=5%, time t=10 years and interest is…

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

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: Given Amount =$1,000,000 time 6 years rate 7.7%

Q: A corportation creates a sinking fund in order to have $550,000 to replace some machinery in 12…

A:

Q: How much should a business save at the end of every quater if they need $100,000 in 5 years to pay…

A:

Q: If $2000 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

A: So in this problem we are going to use standard formula for calculating the final compounded money…

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

A:

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 15…

A: Compound Interest Formula:  A=P1+rnnt where A = Amount            P= Principal            r = Annual…

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

A:

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

A: Given: N = 15 Years P15 = $6000 r = 5% = 0.05 k = 1 P0 = ? Formula Used: PN = P01+rkNk PN = Balance…

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

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Q: What lump sum do parents need to deposit in an account

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Q: An amount of $28,000 is borrowed for 15 years at 7.5% interest, compounded annually. If the loan is…

A: