You deposit $200 each month into an account earning 8% interest compounded monthly. a) How much will you have in the account in 25 years? b) How much total money will you put into the account? c) How much total interest will you earn? Question Help: DVideo 1 DVideo 2 Submit Question

Q: You deposit $100 each month into an account earning 5% interest compounded monthly. a) How much will…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 t=15 years n=12 for…

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Q: ou deposit $400 each month into an account earning 6% interest compounded monthly. a) How much will…

A: Formula is as below : here P = $400 r = 6 % n = 12 t = 20 years

Q: You deposit $400 each month into an account earning 5% interest compounded monthly. You should show…

A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=400 r=5%=0.05 n=12 for…

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Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. a)…

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Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. a) How…

A: Here, given that you want $500,000 for retirement in 30 years. Your account earns 6%  interest,

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A: according to question, we have deposit $200 each month into an account earning 4% interest…

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A: Given Initial deposite PV=$100Monthly interest i=3%=0.03Time t=20 years

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A: Given,  The interest is calculated for 1 month of the sum owned of $ 592 at 21% annual rate.

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Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 10% interest. a)…

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Q: You deposit $500 each month into an account earning 8% interest compounded monthly. a.how much will…

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Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 5% interest. a) How…

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A: Given that, You deposit $440 each quarter into an account earning 5.6% interest compounded…

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A: Given:         Monthly deposit =$200         Interest rate =2%=2100=0.02 Formula used: Future value…

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Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 5% interest. a) How…

A: Given: r = 0.05                    5% annual rate k = 12                      since depositing…

Q: You deposit $100 each month into an account earning 8% interest compounded monthly a) How much will…

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Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 10% interest. a)…

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Q: You deposit $1000 each year into an account earning 8% interest compounded annually. How much will…

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Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: We apply formula A = p(1 + r)t p = deposit r= intrest

Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

A: We can find the amount using the formula for compound interest as below

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. a) How…

A: Given: Future value:  F = $ 800,000 Time Period: 25 year Interest Rate: 8%

Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,

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Q: 5. Mrs. Menquito borrowed Php 250,000 at 5%. How much interest should she pay in one year.

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Q: To buy a laptop, Jihyo borrowed Php 38,000 at 8% simple interest. How much does she have to pay back…

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A: Given, Total accumulated wealth= 200,000Rate, R= 9%=0.09Time ,t=13 ( quarterly ) To find: Amount to…