(3) A person pays $200 at the end of each month for 10 years into a fund paying 1.8% interest compounded monthly. At the end of the 10th year, the payments stop, but the balance continues to earn interest. What is the value of the fund at the end of the 20th year?

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After…

A: we know the formula of future value  FV=PMT(1+i)n-1i where PMT - perodic payment  i - discount rate…

Q: An investment makes payments of $575 at the start of each year for 100 years. The rate or return of…

A: Given: Principal amount, P=$575 Number of years, t=100 Rate of interest, r=3.7% Number of times…

Q: Find the principal if the interest is 18,000 with a rate of 9% at term of 4 years.

A: Given:          Rate of interest (r) = 9 %          Simple interest (SI) = 18,000          Time…

Q: A woman purchases a car for $12,000. She pays $3,000 as a down payment and finances the remaining…

A:

Q: A borrower had loan of $5500 at 5.1% compounded semiannually, with 18 semiannual payments. Suppose…

A:

Q: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000…

A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=…

Q: Suppose you deposit $2000 at 9% interest compounded continously. Find the average value of your…

A:

Q: Suppose you borrow $7,500 from a bank that charges 4% interest compounded monthly. How much will you…

A: From the given information, it is observed that the Principal is P = $7500, the rate of interest is…

Q: Suppose you invest $190 at the end of each month for 6 years into an account earning 6% annual…

A: Given:Principal (P)=$190rate (r)=6%/100=0.06/12months=0.005n=6 years x 12= 72Formula:FV=P*(1+r)n-1…

Q: ant. How much money is in the account on January 1 How much money is in the account t years after

A:

Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

Q: Suppose you Invest $170 a month for 4 years Into an account earning 9% compounded monthly. After 4…

A: Consider the given information.

Q: Toby Martin invests $ 2500.00 at the end of each year for 8 years at 12% interest compounded…

A: GIVEN INFORMATION principal = $ 2500. 00  time 8 years  rate 12 % compounded semiannually  number of…

Q: A couple borrows $250,000 to purchase their first home.  If the bank charges the couple 6.0%…

A: Given:    P = 250000   n = 12 ( compounded Monthly )   t = 30    r = 6% = 6/100 = 0.06

Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

A:

Q: Suppose

A:

Q: A loan of 750000 needs to be paid in annual installments by the end of every year. The interest rate…

A:

Q: I will invest Nu. 500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I…

A: Given information Quarterly deposit P=$500 Annual interest rate  r=7.3% Period of paymentn=32 years…

Q: Calculate the amount of SIMPLE interest earned on an investment of $1000 at 4% for 6 years

A:

Q: Bob makes his first $600 deposit into an IRA earning 7.1% compounded annually on his 24th birthday…

A: Fv=29766.71FV=117360.03

Q: A woman deposits $11,000 at the end of each year for 10 years in an account paying 5% interest…

A: Given, a woman deposits $11,000 at the end of each year for 10 years in an account paying 5%…

Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

A:

Q: A woman deposits $14,000 at the end of each year for 11 years in an account paying 5% interest…

A:

Q: Suppose you invest $150 a month for 3 years into an account earning 9% compounded monthly. After 3…

A: Given- Suppose you invest $150 a month for 3 years into an account earning 9% compounded monthly.…

Q: A 55-year-old man deposits $50,000 to fund an annuity with an insurance company. The money will be…

A:

Q: A woman deposits $15,000 at the end of each year for 11 years in an account paying 8% interest…

A: