You promise your nephew that you will give him $1 on his first birthday and double that amount every year until he is 18 years old. How much money will you give him on his 18th birthday? $324    $131,072    $262,144    $125,016

Q: Joy Wigens, who works at Putnam Investments, received a check for $2,670. She deposited 1/3 of the…

A: Depositing money in the bank refers to placing the money in the bank to get an interest rate.…

Q: A friend has an IRA with an APR of 6.75% She started the IRA at age 20 and deposits $80 per month.…

A:

Q: A certain gulf club spent 4/11 of their yearly budget on a banquet party they threw. If they still…

A: We will find the solution in the following step

Q: You put $300 per month in a savings plan that pays an APR of 3.5%. How much money will you have…

A: Given:   APR = 3.5% = 3.5/100 = 0.035 t = 18 AMT = 300

Q: A bank charges a service fee of 7.50 per month for a checking account. A bank account has 85.00. If…

A:

Q: An item has a listed price of $40. If the sales tax rate is 7%, how much is the sales tax (in…

A: Since, we have an item has a listed price of $40. If the sales taxrate is 7%. So our aim is to tell…

Q: A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to…

A: To find out the amount that the teacher will accept now.

Q: If you pay $26.53 each month for your cellphone for two years, how much is the total cost of your…

A: Solution:-

Q: A car is purchased for $27,000 After each year, the resale value decreases by 20%  What will the…

A:

Q: If she is paid monthly, what is her net monthly income? O A. $2,622.00 B. $3,750.00

A: Given Annual income = $45000 So monthly income is = $45000/12 = $3750

Q: Bushra deposits 350 OMR at the end of each quarter in her savings account. If the account earns…

A:

Q: kample 3 Darnel owes a total of $3060 which includes 12% interest for the three years he borrowed…

A:

Q: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

A: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

A:

Q: Vic has sold 81, 48, 111 and 80 suits in the last four months, respectively. How many suits will he…

A:

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Solve the following problem using 6.2%, up to $38,700, for social security tax and 1.45%, no wage…

Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A:

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A:

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: The solution is given below

Q: If you have $500 in your bank account, and then you write a check for $675, how much will you owe…

A: Given that you have $500 in your bank account, and then you write a check for $675, how much will…

Q: our jewelry business orders $405 in supplies. You can usually sell an earring/ring set for about $45…

A: (1) Let x number of sets need to be sold to break even, Therefore,  45x= 405     x=40545x=9 Hence, 9…

Q: Jane Doe ran up $20,500 on her credit card, which charges 29.85%. If she decides to cut up her card…

A: This is a problem related to interest calculation. Based on the general formula we will answer the…

Q: It cost $200,000 to put a kid through college.  How much money would you have to deposit monthly…

A:

Q: A $100.00 check that is cashed at a rate of $7.00, at what rate did you cash it?

A: Given that: Fee paid to cash a $100 = $7

Q: If you have a business loan you pay 569.09 each month for 20 years on the loan, what is the total…

A: We can solve this question using product method

Q: bus driver makes $31309.02 a year. If they get paid weekly, how much do they get each paycheck?…

A: since given that yearly income of the bus driver = 31309.02 And  there are 52 weeks in a year so if…

Q: Charlie deposited $115 in a savings account. Each week thereafter, he deposits $35 into the account.…

A:

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…

Q: Murphy's annual income has increased by 10% per year for the last 8 years. If Murphy's annual income…

A:

Q: In the article, there is a copy of the advertisement Washington placed in a Philadelphia newspaper…

A: In 1796, the amount a person had is $10.

Q: If you pay Php 25,900 for a TV, its value depreciates 6 % per year, how much will it cost in 8…

A: Multiply the initial amount by 0.948 will result the required cost

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A:

Q: How much additional money (in $) does this amount to? (Round your answer to the nearest cent.)

A: Given, Charged of interest is 23.65%.

Q: Your best friend just bought a 4 year old model motorcycle for $2,500. The seller told your friend…

A: P(t)=P0(1-r)t

Q: Monthly, Juan's net earnings are $6,000, and expenses are $5,500. If Juan saves the difference, how…

A:

Q: In April 2014, you could buy a 10-year U.S. Treasury note (“T-note,” a kind of bond) for $10,000…

A:

Q: The Marlboro post office delivered 568 valentines on February 13th. It delivered 12 times that…

A: Given, valentines on February 13th =568 Let x be the valentines amount on February 14th 12x=568 x=?…

Q: tom has received a new job offer he is told he will be salary will be 65,000 per , he is also told…

A: Assume x represents the number of years worked and y represents tom salary amount in dollars. Tom…

Q: Stephen sets up an IRA with an APR of 4% at age 26. At the end of each month, he deposits $57 in the…

A: The value of PMT = $ 57. The rate r is 6% annually. Time t is (65 – 26) years = 39 years. The number…

Q: Landon Scott is paid $48,000 annually. Find the equivalent earnings if this amount is paid:  (a)…

A: The given amount is $48000. (a) For the amount to be paid weekly, there are 4 weeks in a month and…

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Solution

Q: how much would someone need to deposit each year into the account in order to have $60,000 saved up…

A: Maturity amount is $60000 Time period is 17 years Rate of Interest is 8%

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A:

Q: Michelle Payne deposited $12,000 in a savings account paying 6.25% simple interest. How long (in…

A: we will use the formula of simple interest: I=p×r×t100 ---------- (i) and A=p+I ---------(ii) where,…

Q: Your bank statement indicates that you overdrawn your checking by 168 dollars. How much much you…

A: The bank statement indicates that you overdrew your checking by 168 dollars. This implies that the…

Q: Walmart reported revenue for 2015 was $482billion. How many $30,000 cars would this amount buy per…

A:

Q: The poverty level cutoff in 1987 was ___ dollars

A:

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Giving the following information:   FV= $80,000 Number of years= 17 Interest rate= 8%

Q: Mary took out a loan for $46,000 for her daughter's wedding. She can borrow the money from a bank…

A: To determine the monthly payment if the loan amount is $46000 and interest rate is 6.25% and the…