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Laura opens a money market account that earns 3.0% per year by depositing $15,000. She then deposits $2,000 after the end of the first, second and third year. For the next three years, she increases the deposit by $300. If she keeps repeating the pattern of increasing the amount by $300 every three years, how much will she have in her account at the end of 12 years? A. $55,686

Belle decided to start a new investment account.  She deposits $1,000 into an account that earns 3.5% interest, compounded quarterly for 10 years.  How much more would she have earned, in interest, if she invested the same amount into an account earning 3.8% interest, compounded monthly, for the same number of years?

Mick plans to start saving money for retirement. By taking 10% of monthly gross income. Mick is able to contribute $572 each money to a retirement plan. The account is expected to earn interest with an APR of 5.25% compounded monthly. Round to answers to two decimal cases places. a.How much money will be in Mick retirement account if he continues to make the same monthly investment for 40 years? b.Overall Mick contributed how much of her own money into the retirement account? c. What percent of the final balance in Mick retirement account was interest?

shobha

Three years ago, Julianne invested $7,580.00. She has earned and will earn compound interest of 2.00 percent per year. In one year from today, Teresa can make an investment and earn simple interest of 13.11 percent per year. If Teresa wants to have as much in 5 years from today as Julianne will have in 5 years from today, then how much should Teresa invest in one year from today? O An amount equal to or greater than $3,628.00 but less than $5,080.00 An amount less than $3,628.00 or an amount greater than $8,506.00 An amount equal to or greater than $7,939.00 but less than $8,506.00 An amount equal to or greater than $5,080.00 but less than $6,741.00 An amount equal to or greater than $6,741.00 but less than $7,939.00

Please help with this. (Please draw a time line)

10. Fred wants to withdraw $1800 every month for two years from his account .How much should Fred invest today if the interest in this account is earned at a rate of 4.7 %o per year, compounded monthly? How much interest will be paid to this account? [A-3] 11. Staring at age 27.Emily invests $200 every month in an account that earns3.1% per year, compunded monthly. Starting at on ears 4.6% per ves compounded monthly, row much more would Alice need to iny monuif

1. In order to save $57,000 in five years, John will start saving money next month. He already has $10,000 in his account. The account is paying him 0.1 percent interest per month. In order to have $57,000 in five years, how much will he have to deposit into that account each month?  (Show work)

Please solve this without excel usage. Also, please use a number line

Dr. Doe has been contributing $5,250 to her savings account twice a year every year for 22 years. Her account earns 6% compounded semiannually. How much did she have in the account today. (Use Excel. Round the final answer to the nearest whole dollar) Future value

88) Kathy is buying her first home.  She is financing a total of $185,000 at an APR of 5% for 25 years. How much are her monthly payments? A) $952.33 B) $1,081.49 C) $1,441.23 D) $1,664.85 89) Juanita has determined that the PITI on the house she would like to purchase will be $1,260 per month. What is the minimum gross salary she will need to qualify for a mortgage from a reputable lender? A) $6,300 per month B) $4,500 per month C) $3,500 per month D) $5,040 per month 90) Tran currently makes $4,500 per month in gross income. He has a student loan payment of $250 per month and a car loan of $450 per month. His credit card payments average $300 per month. What is the largest PITI he could qualify for with a reputable lender? A) $620 B) $900 C) $1,260 D) $1,620 91) Bob and Mary Kay have gross household income of $7,000 per month. They both have great credit scores and the home they are interested in buying appraised higher than the selling price.…

Helen contributed $500 at the end of every month for the past 5 years into an RRSP account, earning 3.8% p.a. compounded quarterly. If she leaves the accumulated contributions for another 4 years in the RRSP at the same rate of interest How much will Helen have in total in her RRSP account? How much did she contribute? How much will be the interest?