A mother wants to invests 9,000.00 for her sons future education she invests a portion of the money in the bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is 540.00 how much money was invested in the CD acc

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A: Interest Rate is the rate that is earned by the investor on deposits or paid by the borrower on…

Q: established a trust fund for you in a bank. The account has been earning an annual interest of 11%.…

A:

Q: How long (in years) will it take for her investment to amount to $6,000?

A: Time value of money (TVM) means that the amount received in the present will have more value than…

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A: The provided information are: Withdrawal amount=P480000 for 8 years Starting at the end of 6 years…

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A: IN finance the time value of money is considered so there is present value and future value concept…

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A: Present Value of annuity = Annual payments * PVAF(rate, number of years) Present Value = Future…

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A: Formula Present value = P*[1-(1+g)n*(1+r)-n]/(r-g) Where P - First payment i.e. $2500 g - Annual…

Q: How much should Mr. Sy invest on a bank that offers 10% interest so that he would earn ₱1,000 each…

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: On your 21st birthday you receive $10,000 as a result of a deposit that your grandparents made on…

A: Simple interest is one of the easy method of calculation of interest amount. Simple interest is…

Q: New parents wish to save for their newborn's education and wish to have $30,000 at the end of 19…

A: An annuity is regular payments deposited at regular intervals at a specified interest rate to reach…

Q: Jace is trying to determine how to invest $1,234.56 that he inherited from his cousin Elijah.  He…

A: Note: All the Given Options are incorrect, so we are solving the correct one for you as per the…

Q: Michelle Payne deposited $4,000 in a savings account paying 6.25% simple interest. How long (in…

A: Calculation of Simple Interest The purpose to provide the interest for the loan is repayment with…

Q: 4. A child has a savings account in which the same amount is deposited every year. The first payment…

A: Given: Future Value =20,000 Number of payments from 0 to 18 years = 19 Interest rate = 2.3% Tax at…

Q: Elena wanted to invest in a trust fund. She borrows from a credit corporation that charges 8% simple…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Q: A newly wedded couple is planning to buy a two bedroom apartment in Windhoek for N$280000. He is…

A: The objective of the question is to calculate the total amount to be paid to the bank, the monthly…

Q: Jasmine invested a certain amount in a bank compounded semi-anually. The bank told her that the…

A: First  we need to calculate the interest rate. Given,  Amount will be doubled in 5 years and it is…

Q: Ever since your first birthday, your parents have been depositing $1,000 into a college savings…

A: Future value is that amount which will be require to paid at some specified period of time. It…

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A: To calculate the total amount of money Imana will pay to the bank over 22 years, we need to break…

Q: Kelly deposits $1,000 in her savings account earning 4% per year. How much interest would she earn…

A: Deposit (P) = $ 1000 Interest rate (r) = 4% Period (t) = 1 Year

Q: A father opened a savings account for his daughter on the day she was born, depositing $1200. Each…

A: Future value refers to the value of a current asset at some future date affected by interest…

Q: Rapi Tulpo invests Php1,000 in a Bank that doubles his money in five years. To what annual interest…

A: Investment means an asset(financial assets or fixed assets) that is purchased to generate additional…

Q: Michelle Payne deposited $24,000 in a savings account paying 6.25% simple interest. How long (in…

A: Formula: FV=PV×1+rt

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A: Since you have posted multiple independent questions in the same request, we will solve the first…

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A: Time value of money- It is based on the concept that money earned today is worth more than similar…

Q: Financial Math, question One: Ryan purchased an annuity that had an interest rate of 2.75%…

A: Present value refers to the current value of future investment or series of investments at a rate of…

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A: Calculation of Time Period of Deposited Amount Simple Interest Formula  A = p (1 + rt) Here A =…

Q: Michelle Payne deposited $4,000 in a savings account paying 6.25% simple interest. How long (in…

A: The future value is the future worth of the amount that will be paid or received in the future.

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A: Accrued amount refers to the compile sum of income, interest and all the desired expenses that needs…

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A: Quarterly interest rate (r) = 2% We need to equate the present value of deposits with present value…

Q: how much is the 3rd investment?

A: Monthly interest rate  1st deposit = 6.5%/12 ; time=11×12=132months 2nd deposit = 7.3%/12 ;…

Q: Ms. Pan Aram has set the goal of accumulating Php 4,000,000 for her son's college fund, which will…

A: Here, Future value of deposited amount = Php 4,000,000 Number of years = 18 years Interest rate = 8%…

Q: You plan to donate $2,500,000 to establish a fund to support the Feliciano School of Business at…

A: Present value can be defined as how much is the worth of the future sum of money at present provided…