A family wants to have a $150,000 college fund for their children at the end of 20 years. What contribution must be made at the end of each quarter if their investment pays 7.6%, compounded quarterly? (Round your answer to the nearest cent.)

Q: A financial adviser recommends a client deposit $1500 in a fund that earns 9.5% annual interest…

A: To find the interest rate per month

Q: Jenna deposited $35,000 in an investment fund that was growing at a rate of 3.50% compounded…

A:

Q: John and Rosamond want to retire in 15 years and can save $150 every three months. They plan to…

A:

Q: Carl is the beneficiary of a $29,000 trust fund set up for him by his grandparents. Under the terms…

A: Given ,  Present value (PV) = $29,000 Rate (r)= 3%  n = 4

Q: An investment company pays 4​% compounded semiannually. You want to have $17,000 in the future.

A: To determine how much money you need to invest now to have $17,000 in the future, we can use the…

Q: For 16 years, Janet saved $250 at the beginning of every month in a fund th 5.75% compounded…

A:

Q: You borrow $2,000 from Gougo's , a well-known loan consolidation outfit . The loan is an…

A:

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

A:

Q: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

A: