What is the amount of money (P) that must be deposited in an account that pays 2.3% annual interest, to have a balance of at least $900 after 7 years? (Round to the nearest cent.)

Q: You want to save $50,000 in 18 years for a college fund for your child by making regular,…

A:

Q: (a) Assuming no withdrawals are made, how much money is in Charlie's account after 3 years? (b) How…

A: Present Value of the Bonus = $1900 Interest rate (r) = 1.29% The interest is compounded monthly The…

Q: s. What is Bill Johnson's monthly electricity consumption?

A:

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

A:

Q: You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5%…

A:

Q: A $2000 Treasury bond with a coupon rate of 5.9% that has a market value of $1775

A:

Q: A man gets a job with a salary of $31,600 a year. He is promised a $2,070 raise each subsequent…

A: The given problem in of arithmetic series. a=31600d=2070n=9

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

A:

Q: What is the no. of conversion per year (m) for a quarterly basis?

A: We know that a year contains 12 months in total

Q: O The total simple interest owed on a loan of $8,000 after 60 months is $1,280. What is the yearly…

A: Given that total amount of loan is P=$8000 , time is 60 months or t=6012=5 years, total simple…

Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…

A: Simple interest:              SI = PRT100 where P = principle            R= rate of interest…

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

A:

Q: You take out a loan of $120,000 for a term of ten years at 10% interest compounded semi-annually.…

A: We need to find the total interest.

Q: What daily interest rate equals a quarterly interest rate of 8%? Give your answer as a decimal…

A: In this case we have to find out the interest rate using equivalence relationship so I'm providing…

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: The following are the annual premiums charged by the Life Insurance Corporation of India for a…

A: Here from given information,  Age in year = x Premium in 1000$ = y Here use regression line formula

Q: What is the unemployment rate?

A: Unemployment rate=(No: of unemployed people/ Total population) *100 =(1.5/60)*100 =2.5%

Q: A loan of $10,967 was repaid at the end of 18 months. What size repayment check (principal and…

A:

Q: Consider a 30-year fixed-rate home loan of $555,500 with an interest rate of 3.25%. What is the…

A: Given: Time = 30 years, Initial Value =  $555,500, Interest rate = 3.25%. Let us first find the…

Q: What monthly interest rate equals a quarterly interest rate of 4%? Give your answer as a decimal…

A: First we have to know that number of times intrest applied per year in monthly and quarterly intrest…

Q: How much would you need to deposit at the end of every quarter into an IRA with an 8% APR in order…

A: Deposit Amount = P(1+r/100)t

Q: 12. Mr. Cruz plans to invest P45,000 on his son's birth for his son's education 5 years later. If…

A:

Q: How much would Olga's semiannual premium be for a five-year term insurance policy with a face value…

A: According to the given information, Face value = $330000 Insurance term = 5 years Gender = Female…

Q: A credit card has an APR of 32.47%, and its billing cycle is 30 days long. What is the credit card's…

A: Given: APR or annual percentage rate = 32.47% billing cycle: 30 days Annual percentage rate means…

Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…

A:

Q: 4) If an account pays interest compounded monthly, and the APR is 5.2%, what is the APY? (write the…

A: We have given APR=5.2% =0.052=rcompounded monthly…

Q: What is the dividend yield on Stock A that sells at $15/share, when Company A pays a quarterly…

A:

Q: If you buy a computer directly from the manufacturer for $2,436 and agree to repay it in 48 equal…

A:

Q: How much will you have in the account after 10 years? What is the Effec rate?

A:

Q: c. How big does the return have to be to put a domestic stock fund in the top 10% for the three-year…

A: It is given that the mean is 14.4% and the standard deviation is 4.4%.

Q: Ann and Tom want to establish a fund for their Grandson's education. What lump sum must they deposit…

A:

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: To pay for the new machinery in 10 years, a company owner invests $15,000 at 7.5% compunded…

A: To find the money available

Q: What nomnal rate of discount of interest convertible once every four years is equivalent to a…

A: We need to determine, what nominal rate of discount of interest convertible once every four years is…

Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

A:

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: 3. A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the…

A: Given, Monthly rent = $ 5500  They spend $ 49,920 to upgrade the facility.  Here, cost of upgrade…

Q: Has a credit plan which charges her an interest rate of 36% compounded bimonthly. What is the…

A: Here, the formula used is: i=1+rmm-1...(1)

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

A:

Q: How much would Juanita's monthly premium be for a 10-year term insurance policy with a face value of…

A: Juanita's age = 24 years Juanita is a female. Premium required for face value $280,000

Q: 1 he annual interest on a bond is 4-% of its face value and amounts to $185. What is the face value…

A:

Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

A:

Q: If inflation has been running at 2.51% per year and a new car costs $36,400 today, what would it…

A: We have to use compound interest series formula. Let 4 years ago the price was x. Therefore…

Q: what is the FV of the investment. Round  to nearest cent. $7,000 for 4 years at 4.75%  annual…

A:

Q: A bank in London, Ontario has a buying rate of CHF 1 = C$1.2973. If the exchange rate is CHF 1 =…

A:

Q: (a) Compared to the 10-year loan, each payment of the 5-year loan will be $ greater. (Round the…

A: We are given that $ 50,000 is borrowed at an annual interest of 6%  and that there are 4 interest…

Q: Starting at the age of 40, an average man loses 5% of his hair every year. Atwhat age should an…

A: Consider the exponential decay formula,

Q: What is the interest rate per conversion period if P29,500.00 was invested at

A:

Q: How much is $250 to be received in exactly one year worth to you today if the interest rate is 20%?…

A:

Q: 2. Mr. Ablan borrowed P25, 000 to start a market stall, at 14% simple interest. If he paid P10,000…

A: Given that Mr.Ablan borrows P25,000 at 14%S.I. and pays back P10,000 after every six months. (a)…