Question 14 > You would like to have $600,000 when you retire in 35 years. How much should you invest each quarter if you can earn a rate of 5.8% compounded quarterly? a) How much should you deposit each quarter? b) How much total money will you put into the account? c) How much total interest will you earn?

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A: Use formula to calculate

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Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

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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: How much would you need to deposit in an account now in order to have $3000 in the account in 10…

A: Given,         A=3000 , t=10 years, r= 2% and compounded monthly

Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

A: To determine the cumulative amount accrued by the investment under the given terms.

Q: At the beginning of each quarter, $1,650 is deposited into a college fund. The fund earns 7% annual…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Use formula of compound interest

Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

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Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each year…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=8000 t=10 years r=7%=0.07…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…

Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…

A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000  t=duration=9…

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A: Given: You deposit $3000 each year into an account earning 3% interest compounded monthly. Tofind:…

Q: Part 2: Compound interest 1. What is the present value of Php65,000 at 11% compounded annually for 4…

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Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

A: Note: Hey there! Thank you for the question. As you have posted multiple questions, we have helped…

Q: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: How much money must you invest today at 8% compounded quarterly so that your investment will be…

A: Future Value:  F.V. = $ 500,000 Interest Rate:  8% Time Period: 30 years

Q: in

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: To determine the initial amount (principal) in the given compound interest problem

Q: Find the final amount of money in an account if $3,600 is deposited at 5.5% interest compounded…

A: Formula:   Final amount=P1+rnnt We have P=$3,600, r=5.5%=0.055, n=1(since, compounded annually), t=7…

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Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…

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Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

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Q: QUESTION 8 If you save $270 per quarter for retirement in an account that earns 8% interest per…

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Q: If you deposit $7000 in an account with a nominal rate 7.2% compounded monthly, what is the balance…

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Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: a) How much would need to deposit in an account now in order to have $6000 in the account in 10…

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Q: If a bank pays 16% compounded quarterly, how much should be deposited now to have $1200 in 6 years…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…

A: It is given that the interest is compounded monthly. The formula for compound interest is A=P1+rnnt…

Q: How much money should I save in an account paying 5% interest compounded monthly if I want to have…

A: This question can be solve by using formula F=P1+rt Here' F=Future amount P=present amount r=rate of…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Let the amount to be invested be P

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Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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