a company wants to accomplish $100000 to purchase replacenent machinary ten years from now ,to accomplish this;equal quarterly payment are made to a fund that earns 4% compound quartely  a.find the amount of each payment b. how much interest will be earned on the fund

Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

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Q: A business must pay an annuity of $ 20,000 quarterly with j4 = 5%. Calculate the semester payment to…

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Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Given data: The principle (P) is $200 The time(T) is 10 years Rate of interest (R) is 6%   The…

Q: A contractor borrows $1,000 at 11.8% interest rate per annum to buy material for a job. The debt is…

A: Compound Interest Formulawhere A is the final amount after time t P is the initial investment R is…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

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Q: A contractor borrows $2,700 on July 1 at 12% interest rate per annum to purchase electrical…

A: A contractor borrows $2,700 on July 1 at 12% interest rate per annum to purchase electrical…

Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: Calculate the simple intrest for $2400 borrowed for 2 years at 4% per annum

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Q: Jan Reus sold her home and has $18,000 to invest. She believes she can earn 8% compounded quarterly.…

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Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: 36,000 is invested at 5.5% compounded annually for 8 years. a. Find the final amount b. Find the…

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Q: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

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Q: A loan of 18,000 is made at 4.5% interest, compound annually. After how many years will the amount…

A: Given, Principal = p = 18,000Rate of interest = r = 4.5%  compounded annually Amount = A  ≥24, 000…

Q: $1,250

A: Please refer to the image below