4.32 depositing 2000 six month from now, how long it will take to deplete the account if you start to withdrawing money lyear from now according to the following: 500 the first month,450 the second, 400 the next month and amounts decreasing by 50 per month. ? r, = 12% per year compounded monthly

Q: 1 18,000 for 2 years at 10% per annum compounded annually.

A:

Q: An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of 4%…

A: Consider that the given annual deposit is P=2000 and the interest rate for two years is r=4%.  And…

Q: Retirement Ray contributes $1000 to an individualretirement account (IRA) semiannually. What will…

A: Individual retirement account

Q: Q1​The difference between Compound Interest and Simple Interest on a certain sum of money at 10 %…

A: Find the attachment for the Solution.

Q: You have Php 350,000 on hand. Which investment plan will yield the higher interest? A: 5% compounded…

A: Given principle amount is P=350000 Php. (A) Consider the rate of interest r=5% compounded monthly…

Q: How do I find the money in the account after the given number of years? Principal: 6000 Rate: 5.5%…

A: From the provided information,

Q: (x+4)² inx-2) 9 3 Express In in terms of In x, In (x+4) and In (x-2). 5, Select one: 2 1 9 In x -In…

A:

Q: ASAP

A: Please refer to the image below

Q: Atticus College predicts that in 14 years it will take $250,000 to attend the college for four years…

A:

Q: How much money will i have if I am going to deposit 1000$ every month starting now for 5 years if…

A:

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

A:

Q: ee put 5,000 into a stock market index mutual fund That Grew at an average of 6.5% per year for 10…

A: Lee put 5,000 into a stock market index mutual fund That Grew at an average of 6.5% per year for 10…

Q: Mika's parents want to have enough saved to give her $15 000 a year - for 4 years of college. They…

A: Mika's parents want to give $15000 per year for 4 years of college. Therefore they want to give…

Q: P = $1700, r = 9% compounded semiannually, t = 3 years

A:

Q: You open a brand-new savings account January 1, 2021. every paycheck you earn you deposit $25 into a…

A:

Q: $850 at ​6% compounded daily for 16 years The final value is what

A:

Q: A down payment of $4500 is needed for a car. Money will be invested at 9.2%/a compounded bi-weekly…

A: Given the interest rate 9.2% and the time period is 3 years and the amount is $ 4500. Interest…

Q: $3758 at 11 7/8% compounded monthly for 17 years and 7 months. Can you explain how to do this?

A: Given information  Principal = $ 3758 Interest rate = 1178%=11.8%=0.118 Time = 17 years 7 months =…

Q: A man decided to save $200 at the end of each month. If the bank he desposited money in pays 0.25%…

A: Given that, A man decided to save $200 at the end of each month. The bank he deposited money in pays…

Q: How many years will it take for a sum of money to double itself at 7% compound monthly?

A:

Q: Find the effective rate equivalent to 10 points. 15% compounded quarterly. * 1 Add file

A:

Q: P = $1200, r = 7% compounded semiannually, t = 12 years

A: Given p=$1200            r=7%=7/100=0.07 (compunded semiannually, means n=2)           t=12 years To…

Q: How much will you get out from 1000 that grows at 9% compounded monthly at the end of 17 years?

A:

Q: Assume you invest R500 every month end in a bank account paying interest 9% per year compounded…

A: We know that for continuous income stream FV=C×(1+i)n-1i   where FV= future value             n= No.…

Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…

A: The initial amount is: $450 The compound interest is: 3.9% The amount interested per annum…

Q: Manhattan Island The Island of Manhattan was sold for $24 in 1626. How much would this amount have…

A: Cost at which the island sold:= 24$ Rate of Interest:= 6% compounded quarterly; No. of years:= 381 ;…

Q: deposited $25000 today how much would i have in 15 years if back continuously compounds at 1.3%

A:

Q: 3. A bank's two year GIC pays 5% interest compounded monthly. Maureen buys $4000 worth of the GICs.…

A: Here we have to find what maureen would have in 2 years.

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The amount $4000 deposit in an account with rate of interest 5.1%, compounded monthly for 7…

Q: How much interest was earned by an investment that earns at a rate of 9% compounded semi-annually…

A: Compound interest formula used

Q: Present value. What is the present value of an investment that will be worth $2000 at the end of…

A: The objective is to determine the principal amount that should be invested in an account so that it…