2. Suppose you want to save enough money to get a new car. You'd like to save $28,000 over 3 years. What amount do you need to deposit if an account earns 4.7% interest, compounded quarterly (4 times a year), to reach your goal? If needed round to the nearest cent. PMT FV = [(1 +_ - 1]

Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

Q: An RRSP is an investment offered by many financial institutions. In a particular RRSP, which is…

A:

Q: Find the amount of money that results if $100 is invested at 4% compounded quarterly for 2 years.

A:

Q: Suppose that $1000 is invested  at8%, compounded quarterly.​How much is in the  account at the end…

A:

Q: A man deposits a uniform amount of P 2,500 at the end of each year with interest of 2.50% compounded…

A: Given,                          P =  2,500                          r =  2.50%

Q: . An investment of $2950 earns 6.50% interest per year. Calculate the value of the investment when…

A:

Q: Find the accumulated amount after 2 years if $3500 is invested at 2%/year compounded continuously.…

A:

Q: if I invest 1000 at 2% interest how long will it take to double my money

A:

Q: A couple plans to save for their child's education. What principal must be deposited by the parents…

A: Given: Amount required is, A=$90,000. Number of years is, t=20. Rate of interest is, r=8.5%=0.085.…

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: Find the interest rate required for an investment of$5000 to grow to $7500 in 5 years if interest is…

A: Given the principle of investment (P) =$5000 , amount after 5 years (A)=$7500 and time duration…

Q: Find the length of time required for $1000 to grow to $15 000 if the money was invested at 9%/a…

A: given initial amount=$1000 given final amount=$15000 given rate=9% per year

Q: Find the amount of money that accumulates when a one-time lump-sum investment of P = $50, 000 is…

A:

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

A:

Q: Suppose you invest $1000 in an account that pays 4.25% interest compound quarterly how long will it…

A:

Q: Suppose that $80,000 is invested at 7% interest. Find the amount of money in the account after 10…

A: Given that: Principal(P) is 80000, rate of interest(r) is 7% and time(t) is 10 years. The amount is…

Q: Find the accumulated amount after 4 years if $2500 is invested at 4%/year compounded continuously.…

A: InvestmentP=$2500 Time t=4 year Rate of interestr: 4%/year compounded continuously

Q: Ron needs to save $45,000 for a down payment on his new house. He needs this money in 3 years. Ron…

A: Given: To find how much will his month-end payments need to be,