Barbara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How much should she invest now at 4%, compounded quarterly, so that she will have enough to buy a new car? $12.822.06 O $13,868.34 O $14.134.84 O $13,311.75 hand written plz

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: Caroline wants to have $10,000 in 5 years after investing in an account that earns 7.3% compounded…

A:

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

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Q: ew car. He knows he can invest money into an account which will earn 6.4% APP

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Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

Q: Brendan needs $12 000 in 3 years for college. How much must he invest today at 8.9%, compounded

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: You owe $2300 on a credit card with 21% APR if you pay $80 a month, how long will it take you to pay…

A: Formula for the loan amortization is  A=Pi(1+i)n(1+i)n-1 where A=periodic payment P=loan amount…

Q: placed in a savings account at 3% per annum compounded annually. How much is in the account in…

A: Topic = Algebra

Q: Solve for R. Your goal is to have Php100000 in 5 years. The bank offers 12% compounded at the…

A:

Q: For her 2nd birthday claudias parents invested $9,000.00 in an 13 year certificate for her that pays…

A: Given  Principal = $9000.00 rate = 7% compounded every 2 months time = 13 year

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: 5000

A:

Q: If you start working with a savings account with a $.25 in it and your boss double it each day for 3…

A:

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: A family has 100,000 in the bank. They want to withdraw 8,000 every year for as long as necessary.…

A: the family  can made 12 regular withdrawals of 8000 every year.

Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Nancy has $700 in a savings account. She makes no additional deposits or withdrawals. Nancy earned a…

A:

Q: City Wide Delivery Service uses vans costing $24,800 each. How much will the have to invest today to…

A:

Q: Mr. Wathen deposited $2,350 into an investment account. This account earns an interest of 9%…

A: Given that he invested $2350 in the accountHe earns 9% interest compounded anually Interest after 10…

Q: A new laptop computer costs $15pp. The value of the computer decreases bye 22%each year. How much is…

A: P(t)=P0(1-r)t P0=Initial pricer=rate of decreaset=time

Q: Mrs. Rees decides to invest $250 each month into an account that earns 1.8%/a compounded monthly.…

A: Mrs. Rees decides to invest $250 each monthrate=r= 1.8%/atime = 5 years