4 5.2 A father opened a savings account for his daughter on the day she was​ born, depositing ​$1200.Each year on her birthday he deposits another​$1200​, making that last deposit on her 25th birthday. If the account pays 4.75​% interest compounded​ annually, how much is in the account at the end of the day on his​ daughter's 25th ​birthday? How much interest has been​ earned?     There is $_______ in the account at the end of the day on her 25th birthday. ​(Type an integer or a decimal. Round to the nearest cent as​ needed.)   There has been $______ in interest earned.  tkype an integer or a decimal. round to nearest cent.

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $599 per month…

A:

Q: You have $500,000.00 saved for retirement. Your account earns 5% interest compounded monthly. How…

A: Given : We have $500,000 saved for retirement and the account earns 5% interest compounded monthly.…

Q: College Tuition A couple wants to establish afund that will provide $3000 for tuition at theend of…

A: From given R=3000,i=0.04,n=8

Q: What was the initial amount deposited in the bank account? Round your answer to the nearest integer.…

A:

Q: Determine (without solving the problem) an interval in which the solution of the given initial value…

A:

Q: You deposit $500.00 every month into an account earning 2% interest compounded monthly. How much…

A: solution of the given problem is below...

Q: n order to pay for college, the parents of a child invest $20,000 in a bond that pays 8% interest…

A: P = 20,000r = 8% = 0.08t = 18n = number of compounds in one year = 2

Q: If $6000 is borrowed at 7.5% simple interest for 2 yr, _____ then the amount of interest is

A: The value of principal is P=$6000. The rate of interest is R=7.5%. The time is given by T=2 years.…

Q: Determine the critical (equilibrium) points. dt First enter the smallest value, last enter the…

A: Given dydt=y(y-2)(y-8), y0≥0

Q: To start a new business Beth deposits $2000 at the end of each six-month period in an account that…

A: To start a new business Beth deposits $2000 at the end of each six-month period in an account that…

Q: Alice charged $800 worth of merchandise one year ago on her credit card, which has an APR of 12%…

A: It has an APR of 12% compounded monthly. She made 12 monthly payments of $20, at the end of each…

Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

A:

Q: To establish a "rainy day" cash reserve account, a certain company deposits $14,000 of its profit at…

A: The objective of this question is to calculate the future value of a series of quarterly deposits of…

Q: A principal amount of $1,300 is placed in a savings account with an annual interest rate of 5.95%…

A: Given that, the principal amount of  is placed in a savings account with an annual interest rate of…

Q: Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $2,489 is deposited…

A:

Q: depositor opens a new savings account with $2000 at 2% compounded semiannually. At beginning of year…

A: Principle Amount =$2000 ROI = 2% Compounded semiannually so n=2 Use formula of compound interest.  A…

Q: Parents wish to have $140,000 available for a​ child's education. If the child is now 3 years​ old,…

A: Step 1:We have to calculate the amount that should be set aside. It means we have to calculate the…

Q: You deposit $500.00 every month into an account earning 8% interest compounded monthly. How much…

A: In this question, concept of compound interest is applied. Compound Interest Compound interest is…

Q: Khalfan provides a donation of $4629 to a college with provision that a scholarship is paid at the…

A: 657.32  will be the annual scolarship

Q: Parents wish to have $80,000 available for a​ child's education. If the child is now 8 years​ old,…

A: Given information, Target amount (A) = $80,000Annual interest rate (r) = 7% or 0.07Compounding…

Q: Raul wins $5 million in a lottery. He is paid the winnings at $250,000 per year for 20 years. The…

A: We can determine the amount kept in lottery by discounting the winnings paid to today as present…

Q: A depositor opens a new savings account with $2000 at 3% compounded semiannually. At beginning of…

A: Initially we find amount in account at the end of two years.

Q: A couple makes a one-time investment of $4,000 in a five-year certifi- cate of deposit that will…

A:

Q: Brent Pickett borrowed $5000 from his brother Dave. He agreed to repay the money at the end of 2…

A:

Q: A credit card charge 29% p.a interest compounded daily. Assuming that you borrow $3000 on the credit…

A:

Q: Donny has paid $15,000 for a retirement annuity from which he will receive $2.063 at the end of…

A: Donny has paid $15,000 for a retirement annuity from which he will receive $2,063 at the end of…

Q: Calculate the amount of money you'll have at the end of the indicated time period, assuming that you…

A: