What quarterly deposits into a sinking fund earning 4 1/2 compounded quarterly are necessary to accumulate to P75,000 in 1 year and 9 months?

Q: ABC University anticipates additonal expenses of P367,800.00 for a new equipment needed for offering…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: Green Acres Sprinklers, Inc, will receive $185,000 in 3 years as part of a lawsuit settlement. Find…

A: Given query is to find the present value of the money.

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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Q: Since he was 21 years old, Ben has been depositing $250 at the end of each month into a tax-free…

A: Answer:-        Given,           Regular payment PMT=300     Rate of interest =4.5%/ year…

Q: to have that amouni WiieTL I3 10. Berna borrowed from a cooperative Php 180 000 to be paid in 2 and…

A: Solution:

Q: The government has set up a fund for physically handicapped persons who are unable to work. A…

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Q: what principal should be deposited at 8.375% compounded monthly to ensure that the account will be…

A: using the formula A=P1+rnnt   given A=$20,000r=8.375% =0.08375n=12 compounded monthlyt=10 years and…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $544 per month…

A: Given: p = 544 R = 3 %  n = 12 t = 7

Q: A firm must pay off $40,000 worth of bonds in 7 years.(a) Find the amount of each annual payment to…

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Q: Gyutaro wishes his sister to receive P600,000.00 twelve years from now. What amount should he invest…

A: Let's find.

Q: An individual is 47 years old. At the end of each month, he deposits $290 in a retirement account…

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Q: Suppose your friend's parents invest $15,000 in an account paying 6% compounded annually. What will…

A: Suppose your friend's parent invests $15,000 in an account paying 6% compounded annually. We have to…

Q: What sum of money is required to pay a loan of P20,000 on May 20, 2018, if the loan was made on…

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Q: At the time of her grandson birthday a grandmother deposits 10000$ in an account that pays 2.5%…

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Q: Suppose that when your friend was born, your friend's parents deposited $9000 in an account paying…

A: Formula for compound interest is as below  P = $ 9000 r = 3.2 % = 0.032 t = 17 n = compound period…

Q: How much money will there be in an account at the end of 7 years if $13000 is deposited at 3%…

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Q: suppose that 4000 is placed in an account that pays 8% interest compounded each year. find the…

A: Given: Principal amount P=4000Rate of compound interest r=8%Time t=1 year To Find: The amount after…

Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7%…

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Q: A mutual fund pays 14% compounded monthly. How much should I invest now so that 5 years from now I…

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Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $3,000 at…

A: Given

Q: What will deposits of $95 made at the end of each quarter amount to after 6 years if interest is…

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Q: there is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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Q: Find the principal needed to get $800 in 6 years at 9% compounded monthly. Principal = $

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Q: How much must be paid on the due date of October 20, 2020, on a loan of P80,000 made on December 5,…

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Q: At the end of each​ quarter, a 49​-year-old individual puts $1200 in a retirement account that pays…

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Q: Suppose you invest $170 a month for 3 years into an account earning 8% compounded monthly. After 3…

A: Given that you invest $170 a month for 3 years into an account earning 8% compounded monthly. After…

Q: Suppose that $50 are deposited into an account at the end of each month for 15 years that pays 6%…

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Q: A 43-year-old man puts $2000 in a retirement account at the end of each quarter until he reaches the…

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Q: Suppose your friend's parents invest $25,000 in an account paying 6% compounded annually. What will…

A: Suppose your friend's parents invest $25,000 in an account paying 6% compounded annually. We have to…

Q: If Tanisha has 1,000 to invest at 8% per annum compounded quarterly, how long will it be before…

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Q: What is the accumulated value after five years of payments of $20000 made at the beginning of each…

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Q: 1) Pranav invests $2,310 in a savings account with a fixed annual interest rate of 7% compounded 12…

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Q: Bianca wants to have Php 60,000 in the future. If she decides to deposi 1000 at the end of every…

A: This is the problem of series and financial math.

Q: Supposed to deposit $100 every six months into an account that pays 6% compounded semiannually. If…

A: Annuity formula is as below: here,d=100N=3 yearsr=6 %=0.06k=2

Q: compounded

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Q: Find the present value: 1. Php 40,000 due in 2 years at 3% compounded monthly 2. Php 60,000 due in 3…

A: As per Bartleby guidelines we're supported to answer only first three subparts . Kindly repost rest…

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $2,000 at…

A: Solution of given question is written in below steps.

Q: ​(a) When the individual reaches age​ 60, what is the value of the​ account? ​(b) If no further…

A: n = 9 investment = 1100 interest = 9.1% compounded quarterly   ​(a) When the individual reaches age​…

Q: A man will deposit 25,000 each year for the next 5 years in an ordinary annuity account that pays 8%…

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Q: What exact simple interest rate is in effect when a principal of $11,288 accumulates to $13,244 in…

A: We have to find exact simple interest rate.

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

A: here annual interest is 5%,. r=5% price of island was $24. time =2005-1626+1=380 year.  compound…

Q: Mr. Ribiya would like to save 500,000 for his son’s college education. How much should he deposit in…

A: Compound interest formula: P = P0{1+(r/n)}nt ,where P0 = initial principal balance,     P = future…

Q: On January 31, 2009, the Annual Percentage Rate listed at Jeff’s bank for regular savings accounts…

A: From the given information, the value of P=2000, r=0.25%, t=8 and n=12. It is known that, the…

Q: Suppose your​ friend's parents invest $25,000 in an account paying 6% compounded annually. What will…

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Q: Suppose your​ friend's parents invest $25,000 in an account paying 6% compounded annually. What…

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Q: What annual rate of simple interest is necessary to give interest of $416 on a principal of $800…

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Q: The tree farm deposits $1,300 at the end of each month into an account paying 1.51% ordinary…

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