• Question 8 You deposit $500 each month into an account earning 2% interest compounded monthly. You should show your work for this problem. 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? > Next Question 31 Ili %24

Q: An initial deposit of $10,000 earns 1.5% interest and is left in the account for 10 years. How much…

A: It is given that, an initial deposit of $10,000 earns 1.5% interest and is left in the account for…

Q: Question 23 A debt is repaid by payments of 9,000 php made at the end of every quarter for 2.5 years…

A: NOTE: Refresh your page if you can't see any equations. . here payment frequency is quarterly and…

Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: Question 14 If 100,000 php is deposited in a bank that grows 4% interest discretely, how much will…

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Q: QUESTION 6 If you save $180 per month for retirement in an account that earns 6% interest per year,…

A: Given query is to find amount accumulated.

Q: Question 19. Find the balance on an account if you invest $ 407 at 3.9 % for 13 years compounded…

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Q: Question 4: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to…

A: Let us consider the principal amount be P.  The amount will be A after t years at the rate of r% for…

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: Suppose you invest $190 a month for 5 years into an account earning 8% compounded monthly. After 5…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: Question 14 > You would like to have $600,000 when you retire in 35 years. How much should you…

A: You would like to have $600,000 when you retire in 35 years  earn a rate of 5.8% compounded…

Q: Question: How much should be invested in a fund each month paying 2.1% interest compounded monthly…

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Q: If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

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Q: Question 5 You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off…

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Q: Question 7 You deposit $6000 in an account earning 3% interest compounded monthly. How much will you…

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Q: Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3…

A: Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 8 years…

Q: QUESTION 2 Mei has taken out a $95,000 mortgage that has an interest rate of 4.7%. If the loan is…

A: Given:Loan amount = $95,000 , Time = 15 years , Annual interest rate = 4.7%

Q: Question 31 > Rasmus has 5000 dollars that he wants to invest. His bank has several investment…

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Q: Question 4 A certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer…

A: Here we solve the given problem of emi.

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 10 If you have $51,000 in student loans at an interest rate of 3%, compounded monthly, what…

A: Solution:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

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

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Q: Find how much money should be deposited in a bank paying interest at the rate of 8.5%/year…

A: Here we have to find the amount of money that should be be deposited in the bank so that the…

Q: QUESTION 1 If $7,000 is borrowed for 6 years at an annual simple interest rate of 8%, find the…

A: Principal amount $7000 Rate = 8% simple interest  Time = 6 years

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: Determine how much principal would nee to be deposited in an account for 20 years order to yield…

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Q: What interest rate compounded semiannually will yield an effective interest rate of 3%? A rate of %…

A: Rate of interest compounded semiannually

Q: QUESTION 5 Alex deposits $1,200 in a savings account that pays %1.5 interest compounded monthly. How…

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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: How long in years will a certain sum of money to triples its amount when deposited at a rate of 3%…

A: The amount is given by A=P1+int  where t is time in years  i is the rate of interest 3P=P1+0.031212t…

Q: An investor deposits $200 each month into an account that pays 6% interest compounded monthly (6% is…

A: The objective is to find how much money will  be there  in the account at the end of 4 years correct…

Q: Question 1 of 10 Calculate the amount of interest earned on a $12,500 investment made for 2 years at…

A: Given  Amount invested P = $12500 Rate of interest r = 3% Time = 2years

Q: Question 2 <. You deposit $4000 each year Into an account earning 7% Interest compounded annually.…

A: I have used the compound interest formula to the solve the problem

Q: How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if…

A: I have stated the used formula in the solution

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 20. Find the balance on an account if you invest $ 1,558 at 3.7% for 13 years using simple…

A: You invest $ 1,558 at 3.7% for 13 years. So let principal = P = $ 1,558. Rate of interest = R =…

Q: How much money should be deposited today in an account that earns 7% compounded semiannually so that…

A: Let $x should be deposited today that earns 7y.Compound semi annually. So that it will accumulate…

Q: Find how much money should be deposited in a bank paying interest at the rate of 5.5%/year…

A: We have given Accumulated amount, A = $40,000 Interest rate, r = 5.5% = 0.055 Time period, t = 8…

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

A: After 38 years interest.

Q: What is the balance and amount of interest earned if $1000 is invested at the end of each quater…

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Q: Question 2 What is the present equivalent of 18,000S to be received by Mlkw in 15 years when…

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Q: What principle will amount to $8500 if invested at 3% compounded monthly for 11 years? The Principle…

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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: Question 9 The all -new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his…

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Q: QUESTION 10 What is the total interest paid on a 30-year mortgage for $376,000 if it is charged 9%…

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Q: Question 3 is compounded quarterly. How much money is in the fund after We invest $7 into a fund…

A: This problem can be solved using compound interest formula.

Q: How much money should be deposited today in an account that earns 8% compounded semiannually so that…

A:

Q: 4. A sum of money is deposited in a bank at the rate of 10% per annum simple interest. In how many…

A: Simple Interest      A=P1+rt      rate of Interest=10%=10100=0.1       t=?      P=P:   A=2P:…