A retired couple invested $12000 in bonds at a simple interest rate of 8%. At the end of one year, how much interest did they receive on their investment?

Q: Ted rodgers is investing $7,500 in a bank cd that pays a 6% annual interest. How much will the cd be…

A: Excel Spreadsheet:

Q: If you made $600 after investing $12,000 in a bank CD for 4 years, what percent simple interest did…

A: Simple interest = Principal*interest rate*time period Interest rate = Simple…

Q: Elwin Tulpo invests Php1,000 in a Bank at 10% a year for five years, but when the interest is…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: A couple wishes to borrow money using the equity in their home for collateral. A loan company will…

A: 3. Loan balance after 144 payments (Important Note: This might require additional information or…

Q: An individual is 42 years old. At the end of each month, he deposits $320 in a retirement account…

A: concept. 1. future value of annuity. FV = PMT * [(1+i)n - 1]i where , FV is future value of annuity…

Q: A young couple plans on investing 12.00% of their joint income every year until retirer income in…

A: First salary=$89531Deposit=12%Growth rate=g=2%Interest rate=r=7%Period of deposit=31 yearsPeriod of…

Q: An engineering graduate starts a new job at $60,000 per year. Her investments are depostied at the…

A:

Q: Jesse invested her savings in a bank at 5.00% compounded quarterly. How much money did she invest to…

A: > Given data:> Annual interest rate = 5%> Effective annual interest rate =…

Q: Ashton invested $8450 for five years in his savings account that was earning 3.2% compounded…

A: To calculate the future value we will use the below formula   Future value = P*(1+r)n Where Invested…

Q: (a) Up to age 60, the individual's deposits form an because the deposits are made at the should be…

A: Let us first calculate the interest applicable for every quarter. Interest for every quarter =…

Q: Obtain today's value of the investment account.

A: The time value of money implies that the cash in hand at present has a higher value than the cash…

Q: ed $250 000 in his RRSP. Determine the monthly deposits he should make into his RRSP if the rate…

A: There is need of proper planning for retirement and timely need of planning for retirement and if…

Q: What is the accumulated future value of his position? ( ?=R/K (e^kt-1) where R is the income stream,…

A: R(t) represents the rate per year of a continuous income stream and is a constant k is the interest,…

Q: Marcellus has been saving $3,600 at the beginning of every year for 27 years. Now, at the end of the…

A: In annuity due the payments are done at the beginning of period so there is more interest rate for…

Q: You save $800 a year into a 401(k) account that you invest in a mutual fund earning 9% per year.…

A: Given, Amount saved every year is $800 Rate is 9% Number of years is 25.

Q: Susan Myer had invested $2500 in an ABC bank Certificate of Deposit when she inherited trust funds…

A: Calculation of Compound Interest Rate per monthly   Formula  r = n[(A/P)1/nt-1] Where r = Annual…

Q: You borrowed $5,646 from a bank, which charges 7.8% interest per year. How much interest did you owe…

A: Principal amount (P)= $5,646 Interest rate (R)= 7.8% per year Time period (T)= 1 year

Q: If an investor intends to double $25,000 by investing in a bank that pays 7% interest per year,…

A: The time required to double the investment can be calculated by using the formula of future value .…

Q: Lakeesha Dobry buys a house with equity value of $13,520.00 every quarter for 21 years. How much is…

A: Future value refers to the value of future expected cash flows at some future date. It can be…

Q: A couple wishes to borrow money using the equity in their home for collateral. A loan company will…

A: Let L is the amount loaned out. L= 80% of initial value (20% already paid out) L= 80% of $61,760 L=…

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

A: Formula: FV=PV×1+rt

Q: You inherited $300,750 and invested it at 6.25% per year. How much could you withdraw at the…

A: Withdrawal used to involve in the removing of the funds from the investment plans, savings plan,…

Q: A recent college graduate with 42 years to retirement can accumulate a large sum of money via…

A: Future value of annuity is computed as follows:-FV= A*whereFV= future value of annuityA= periodic…

Q: A 40 year old woman puts $1500 in a retirement account at the end of each quarter through 20 years…

A: Time Value of Money states that a dollar earned today is more valuable than any time in the future,…

Q: Suppose you invest $4100 in an IRA at the end of every quarter for 13 years, what is the total…

A: The IRA refers to the savings account where the account holder makes periodic deposits for…

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.

Q: By the end of this year you would be 35 years old and you want to plan for your retirement. You wish…

A: Retirement account interest = 7% Period of retirement account = 30 years Annual coupon = 6% Annuity…