Question 3 of 12 The interest rate on a GIC is 4.25% compounded quarterly. What is the purchase price of the GIC if its maturity value in 4 years and 9 months is $34,451? Round to the nearest cent SAVE PROG

Q: RFORMANCE TASK NO. 2 Show the illustration of the cash flow (Refer to Lesson 3). 1. Monthly payments…

A: To illustrate the cash flow of the following. (A) Monthly payment of ₱ 2000 for 5 years with an…

Q: Use a spreadsheet or financial program on a calculator or computer. Track the future values of two…

A: (a) For compounded quarterly, P = $5000 r = 6.4% = 0.064 n = 4 FV = $7500 Formula: FV=P1+rnnt By…

Q: Question 4 If $16,000 is invested at 8% for 12 years, find the future value i. semiannually. Please…

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Q: QUESTION 1 You are approved for a loan of $25.000 at 5.3% compounded quarterly If you plan to pay…

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Q: What is the future value if $9000 is invested for 9 years at 10% compounded semiannually? (Round…

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Q: A typical pack-a-day smoker in Illinois spends about $307.50 per month on cigarettes. Suppose the…

A: Amount invested by the smoker=307.5$. Rate of interest=4.3% Time period=40 years.   Amount…

Q: Question 8 Copy of Find the amount at the end of 5 years and 7 months if P4,000 is invested at 59%…

A: Compound  Intrest formula A= P[1+(r/n)]in P-principal amount r- rate of intrest i-no of years n- no…

Q: QUESTION 3 If an account starts with $17,000 and earns 5% interest per year, compounded quarterly,…

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Q: A house is rented for $6,100 per quarter, with each quarter's rent payable in advance. If money is…

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Q: Question 1 of 13 Courtney took a loan of $8,400 from her parents to purchase equipment for her hair…

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Q: QUESTION THREE a) BONDO Enterprise's rent will expire in four years. The property owner only accepts…

A: (a) Given:Current rent, A=GHc 50Rate of interest, r=10%Number of times interest applied per time…

Q: QUESTION 4. A rich guy puts $1,000,000 into a bank account that pays 7.3% annual interest,…

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Q: Question 3 of 13 Jordan received a loan of $7,600 at 5.25% compounded monthly. He settled the loan…

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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: We have to find the future value FV of an investment of $10,000 at the stated interest rate after…

Q: A CD is bought for $2100 and held 6 years until maturity. What is the future value of the CD at the…

A: To find future value we have formula

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

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Q: Question 2 Find the future value and interest earned when RM950 invested every three months for 3…

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Q: Question 9 of 9 A company currently owes $25,000 to a bank for a loan it took 3 years and 5 months…

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Q: Question #3 Determine how much is in the Account, if $500 is invested into a bank account for 1…

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Q: Question 1 of 14 If an investment grew to $13,000 in 3 years and the interest amount earned was…

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Q: Question 14 of 14 Borrowing to Start a Business Morgan, a budding entrepreneur, was excited that her…

A: According to our company guidelines we are supposed to answer only 3 sub parts since you have asked…

Q: Find the future value of a $20, 000 annual income stream if it is invested immediately as it is…

A: Hee, use the formula: FV=erM∫0MS(t) e-rt dt

Q: Question zO1 4 What should be the balance in a Registered Retirement Income Fund (RRIF) that will…

A: I am attaching image so that you understand each and every step.

Q: Use the appropriate formula to determine the periodic deposit. B. Periodic Deposit= $? at the end of…

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Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: given that the investment =$10,000 compounded monthly for 7 years at 0.1% per month. we need to find…

Q: Example 17 year old Grace wants to be a millionaire before she is 40 years old. How much must she…

A: Given: Number of years = 40 - 17                             = 23 Nominal monthly rate of interest…

Q: Question 18. Find the balance on an account if you invest $ 785 at 5.3% for 13 years compounded…

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Q: If $34,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the…

A: As per bartleby guidelines for more than one sub question asked only first three are to be answered…

Q: QUESTION 4 How much should you save in an account now so that you will have $90,000 in 6 years, if…

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Q: What is the future value if $8400 is invested for 14 years at 7% compounded semiannually? (Round…

A: Given that $8400 is invested for 14 years at 7% compounded semiannually. Thus, we have Present value…

Q: Find the amount that should be set aside today to yield the desired future amount.   Future amount…

A: Given that  Future amount needed Interest rate Compounding period Investment time…

Q: Question 6 You owe $19,000 on student loans at an interest rate of 5.8% compounded monthly. You want…

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Q: Question 13 Mr. Eugenio bought a house anddot at a cash value of 12,000,000.00 php. He made a down…

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Q: Question 11 of 14 Maroon Inc. currently owes a balance of $110,776.60 on a $52,000.00 loan. If the…

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Q: Question 11 According to the pricelist published in the website of Apple, the cash price of their…

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Q: QUESTION 8 Dedrick puts $250 into an account every month that pays 5.25% interest, compounded…

A: Solve for A

Q: Chapter 9.2, Question 6 If Shanta deposited $2800 in an investment fund that was earning 5.5%…

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Q: Question 3 At what nominal interest rate compounded quarterly will a certain amount of money be…

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Q: Find the future value of a $20, 000 annual income stream'if it is invested immediately as it is…

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Q: Question 23 A father deposits 16,000 php in a trust fund for his son's education every six months…

A: Given:         Principal P=16,000 php        Rate of interest =12%=0.12            compounded…

Q: Question 1 Aldin invests 20% of his 140,000 php monthly salary at the end of each month in a fund…

A: Monthly salary is:  140,000  php Now Adin invest 20% of this amount. Therefore: a=1400005a=28000

Q: QUESTION 1 Assume that $2000 is deposited today, $2000 two years from now, and $2000 four years from…

A: Since, you have post multiple question. I am answering first one. Please post again the question for…

Q: each month for 9 years and the interest rate is 7.2% compounded monthly. N= FV=

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Q: Find the future value of a $30, 000 annual income stream if it is invested immediately as it is…

A: Solving the problem by finding the value of compound interest.

Q: Find the principal P that will generate the given future value A, where A = $15,000 at 6% compounded…

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Q: The First National Bank is offering a 4 year certificate of deposit (CD) at 4% interest compounded…

A: Given, the First Bank (B1) is offering a 4-year certificate of deposit (CD) at 4% interest…

Q: Question 7 You deposit $2000 each year into an account earning 3% interest compounded annually. How…

A: Here we use the compound interest formulae.

Q: Find the principal P that will generate the given future value​ A, where A=​$12,000 at 8​%…

A: Use formula of compound interest.

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

A: Given information Present value PV=$10,000 Interest rate r=0.3% per month ⇒r=0.3100=0.003 Time t=10…

Q: Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated…

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