a) You want to have a total of $4000 in two years so that you can put a hot tub on you deck. You find an account that pays 5% interest compounded monthly. How much should you put into this account so that you will have $4000 at the end of two years?

Q: James and Susan wish to have $10,000 available for their wedding in 4 years.How much money should…

A:

Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

A:

Q: You have $3,500 on a credit card that charges a 15% interest rate. If you want to pay off the credit…

A: Given Information:Present value in the credit card is .Rate of interest is .Number of years is 5…

Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: Find the amount borrowed if $800 is due at the end of 7 months when an annual simple interest rate…

A:

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: Jamie plan to make payments of $9000 into a account on the last day of this and every year until his…

A: Consider the given information.

Q: How much money does Nora have for her car down-payment if she invests $750 at a monthly interest…

A:

Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

A:

Q: You want to be able to withdraw $40,000 from your account each year for 25 years after you…

A:

Q: If you need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

A:

Q: How much money could you withdraw each quarter of a year for 4 years if you deposited $50,000 into…

A: To Find: How much money we could withdra each quarter if the account pays 4% interest compound…

Q: You want to be able to withdraw $45,000 from your account each year for 30 years after you retire.…

A:

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

A:

Q: You want to be able to withdraw $20,000 from your account each year for 20 years after you retire.…

A:

Q: If you plan to buy a car in 2 years and expect to need $2000 for a down-payment, how much should you…

A: Future value of ordinary annuity  FV=R1+in-1i Where 'R' is regular periodic deposit amount, 'i' is…

Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: You deposit $4000 each year into an account earning 5% interest compounded annually. How much will…

A: