Suppose you deposit $4000 in a CD paying 5% interest, compounded monthly. How much will you have in the account after 15 years? Round to the nearest penny.

Q: 12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What will be…

A: Given deposited amount =$3000 , rate =5% and time 10 year We have to find value of CD after 10 year

Q: an insurance settlement of 750,000 must replace an injured workers income for the next 40 years.…

A: Given that, The insurance settlement amount, P=750,000. The rate of interest, r=6.2%. The time…

Q: An amount of $23,000 is borrowed for 14 years at 6.75% Interest, compounded annually. If the loan is…

A:

Q: Parents wish to have $80,000 available for a child's education. If the child is now 5 years old, how…

A: The formula for the compound interest is given by, A=P1+rnnt where, A is the final amount, P is the…

Q: Suppose you deposit $2,500 in a CD paying 8% interest, compounded every other month. How much will…

A: Given that, The deposit $2,500 in a CD paying 8% interest, compounded every other month. Calculate…

Q: Pesse Jinkman, a chemistry student at PCC, will be depositing $15,000 at the end of every quarter…

A:

Q: Manhattan Island is said to have been bought from the Indians by Peter Minuit in 1626 for 24…

A: we have to find the compound interest annually with the given formula A(t)=P1+RNNT Where, A = Amount…

Q: Parents wish to have $160,000 available for a child's education. If the child is now 10 years old,…

A: The formula for the future value is given by FV=PV1+rnnt  where PV is the present value, r is the…

Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

A:

Q: A year-end bonus of $25,000 will generate how much money at the beginning of each month for the next…

A: Given that the year-end bonus is $25,000 that can be invested at 6.15% compounded monthly.

Q: How much money will be in your account three years after the previous deposit? If you make six…

A: The given data is: P=$2000 r=10%t=3 years Given that compounded semi-annually, therefore Interest…

Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: Given:

Q: Ian invested $90,000 in an account paying an interest rate of 2.6% compounded quarterly. Assuming no…

A:

Q: If you deposit $300 each quarter into an account earning 3.2% compounded quarterly, how many years…

A: The future value (FV) of an annuity A with interest rate per period of r, over n periods is given…

Q: A homeowner planning a kitchen remodeling can afford a $900 monthly payment. How much can the…

A:

Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…

A:

Q: Sumi Kato's savings account has a balance of $1,596. After 21 years what will the amount of interest…

A:

Q: Christine contributes $ 100 each month to her 401K account. To the nearest dollar, what will…

A:

Q: If you borrowed $200,000 to buy a house at 6% interest per year, compounded monthlyand paid back the…

A: Time =t= 30 years Compounded monthly , so n=number of times compounded in a year= 12interest rate =…

Q: paying 15.5%

A:

Q: If you want to have a million dollars 31 years from today, how much should you invest in your…

A: The formula for compound interest :   A = P(1+r/n )nt   Where A = Total amount , P = initial…

Q: A homeowner planning a kitchen remodeling can afford a $200 monthly payment. How much can the…

A:

Q: Jayden invested $65,000 in an account paying an interest rate of 2.1% compounded quarterly. Assuming…

A:

Q: If $3500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Lets use the final value formula, FV=P{[1 + R]N - 1/ R}=FV OF $1 PER PERIOD. Given, FV = 60,000 P =…

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: A homeowner planning a kitchen remodeling can afford a $400 monthly payment. How much can the…

A:

Q: A homeowner planning a kitchen remodeling can afford a $800 monthly payment. How much can the…

A: Let's use the annuity formula   We need to calculate the PV

Q: A year-end bonus of $27,000 will generate how much money at the beginning of each month for the next…

A: An annuity is an investment put in a certain amount of money each year or each month. there are two…

Q: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…

A:

Q: Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded quarterly. Assuming…

A: Initial amount=P= 3500  Final amount=A=? Time= t=19 years  Interest rate=r= 3.5%= 0.035  Number of…

Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

A:

Q: How much can be paid in scholarships at the end of each year if $200 000 is deposited in a trust…

A:

Q: If $1500 is deposited at the end of each quarter in an account that earns 4% compounded quarterly,…

A: Given: PMT= quarterly deposits =$1500 Interest rate per year =4% i=IY=4%4=1%per quarter Future value…

Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: A year-end bonus of $20,000 will generate how much money at the beginning of each month for the next…

A:

Q: Francine currently has $45,000 in her 401k account at work, and plans to contribute $3,000 each year…

A: We need to find total amount accumulated.

Q: A homeowner planning a kitchen remodeling can afford a $100 monthly payment. How much can the…

A:

Q: Erin has $250,000 saved for retirement in an account earning 3.4% interest, compounded quarterly.…

A:

Q: If $2500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: The amount $2500 is deposited at the end of each quarter in an account that earns 5%…

Q: A homeowner planning a kitchen remodeling can afford a $700 monthly payment. How much can the…

A: The compound interest formula is defined as follows. A=P1+rnnt   where, A is the final amount P is…

Q: If $4500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: Money deposited at the end of each quarter= 4500$ Rate at which interest is compounded…

Q: The buyer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money is 8%…

A:

Q: If $2,000 is invested for 5 years at 8% compounded quarterly, how much interest (in $) will be…

A:

Q: A year-end bonus of $24,000 will generate how much money at the beginning of each month for the next…

A: The present value of an annuity is given by  Present Value=PMT1−1+i−ni1+i For a year, n = 12. Since…

Q: A year-end bonus of $22,000 will generate how much money at the beginning of each month for the next…

A: The payment that has to be done at the beginning of each period is Annuity. In this problem, the…

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old ,…

A:

Q: Suppose you signed into an 8-year loan which is compounded annually at 7%. How much will you pay if…

A:

Q: Madison invested $3,300 in an account paying an interest rate of 6.7% compounded daily. Assuming no…

A: The given data is: Medison invested P=$3300 Rate of interest R=6.7% Time t=5 years To find the…

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years

Q: How much did Speedy Movers borrow for a debt that accumulated to $58,040.76 in five years? The…

A: To find out the borrowed amount.

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.