You want to be able to withdraw $45,000 each year for 30 years. Your account earns 4% interest. a). How much will you need in your account at the beginning?  b) how much total money will you pull out of the account?  c) how much of that money is interest

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A: Given :  time  = 8 years,  Annual simple interest = 6% Total amount = $70,660 To find : principal…

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

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Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

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Q: A farmer purchased 275 acres of land for $4,500/acre. He paid 25% down and obtained a loan for the…

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Q: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If…

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Q: 20. Gordon had $200,000 in a CD at Lots a Loot Bank, which just failed. If the FDIC insurance limit…

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Q: 1 Maya wants to buy an $85.00 jacket for 20% off of the regular price. Part A) How much was the…

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Q: A major shippingcompany is planning to purchase new cargo ships. It wants to borrow $1100 million by…

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Q: Mr. Samson handed out an intact of 100 BHD as a check-in deposit for his stay in Diamond Hotel. He…

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Q: 10. If Luke put $8,000 into his savings account and earned $100.00 of interest at .25% simple…

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Q: If you would like to make $1079 in 5 years, how much would you have to deposit in an account that…

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A: Question is related to interest.

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Q: An item has a tag price of $410.50 and is subjected to a promo discount of 35% upon cash payment. If…

A: Given , Tag price = 410.50 dollar  Discount = 35 % paid = 6×50 dollar = 300 dollar

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Q: What lump sum do parents need to deposit in the account earning 7%, compunded monthly, so that it…

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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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Q: Find the total amount of money in an account earning simple interest (to the nearest cent) c $527.86…

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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: Margo borrows $1700, agreeing to pa annual interest after 14 months. Hov she pay?

A: Explanation and solutions is given below....

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: A man gets a job with a salary of $31,700 a year. He is promised a $2,390 raise each subsequent…

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Q: The Hilton Resort in South Carolina offers a 3-day accommodation at a promotion price of C$316. If…

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Q: Valentina purchased al- yards of nylon as shown on the sales slip. Including tax, how much change…

A: Given: Qty = 3 1/2 yd = 3.5 yd  Price = $2.40 / yd  Amount = 2.40 * 3.5 = 8.4 Tax = 5% Total = 8.4 +…

Q: 1. The fees for 9-months of college are shown below. How much would it cost, rounded to the nearest…

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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,

Q: Cha invests Php5,000 in an investment that earns 6% per annum. How many complete years does it take…

A: Given Cha invested(P)= Php5,000Rate of interest (R)=0.06Time (t)=?Amount (A)=Php 10,000We know that…

Q: A man gets a job with a salary of $39,500 a year. He is promised a $2,440 raise each subsequent…

A: 1) Base Salary of man is $39 000 2) Raise for subsequent year is $2,440 3) Calculate the salary for…

Q: How much interest will you have to pay for a credit card balance of $754 that is 1 month overdue, if…

A: Topic - interest

Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

Q: To buy a car, Sophia borrowed $15,000 for 3 years at an annual simple interest rate of 9%. How much…

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Q: 1) Mr. Ang's money became Php165,000 @ the end of 10 months. If the bank pays 12% annually, how much…

A: Given that,  Mr. Ang's money became in 10 months Php 165000 at the rate 12% annually. Let the…

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

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and to…

A: Given : Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and…

Q: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…

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Q: a. The cost (in dollars) of a new Accord in 2007?

A: Given, The function f determines the cost (in dollars) of a new Honda Accord in terms of the number…

Q: Compute the specified quantity. Your total payment on a 3 year loan, which charged 7% annual simple…

A: Amount = principal (1+ ((rate*time)/100)) simple interest= (principal*rate*time)/100

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

A: