Barry made a deposit of 10,000 at time 0 to Fund A, which accumulates at a nominal rate of interest  k, compounded semiannually. Mon made a deposit of 9,753 at time 0 to Fund E, which accumulates at a nominal rate of discount,  also equal to k, compounded semiannually. At the end of 5 years, the accumulated amount in Fund A and the accumulated amount in Fund E are  both equal to P. Calculate P.

Q: A couple invests $1000 in a trust fund each year on their childs birthday. They started the fund on…

A: Given: A couple invests $1000 in a trust fund each year on their Childs birthdayp0. The fund pays…

Q: Donna deposits $20,000 into an account that pays simple interest at a rate of 4% per year. Tony…

A: Donna deposits $20,000 into an account that pays simple interest at a rate of 4% per year. Tony…

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

Q: 2,000 for 2 years at 4.5% compounded monthly. Find the total amount accumulated.

A: Initial amount= P= 2000  Time= t= 2 years  Interest rate= 4.5% = 0.045  Final amount=A=? Number of…

Q: To buy a house in Auckland, Mr Lim took a loan of $500 000 from a bank which chargers compound…

A: Loan Amount  = P0 = $500,000 Interest Rate , r  = 0.013 Loan term = n = 10 years The CI is…

Q: yana received a family gift of $2,500 for graduation. She wants to invest it for 4 years at a rate…

A:

Q: Rick deposited $1500 into his saving account every month for 8 years. How much money does Rick have…

A:

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

A:

Q: Tim is saving to buy a $20 000 car in 3 years. He deposits $550 every month into an account earning…

A: We have 3 years to buy a car.

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: $10,000 is invested for 5 years with an APR of 2.75% and monthly compounding.

A: The complete solutions are given below

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: Inderjot invests $2500 in a bond that pays 4.5% per year, compounded monthly, for a period of 8…

A: Inderjot invests $2500 in a bond that pays 4.5% per year compounded monthly for a period of 8 years…

Q: A copy Machine depreciates at the rate of 15% each year. If the original copy of the copy machine…

A: We know, Value after time t years = Initial value × 1+rate100t

Q: monthly. a. How much is the value of these 10 equal deposits after 9 months from today? b. If…

A: Deposited Amount 15000.00 Time period  9 Months Interest  7% value   after 10 months

Q: I will invest Nu. 500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I…

A: Given information Quarterly deposit P=$500 Annual interest rate  r=7.3% Period of paymentn=32 years…

Q: A local university received a $500,000.00 gift to establish an endowment fund for a student…

A: Answer:- value of the fund 56 years from now = 500,000 *[(1+0.02/2)^(2*8) ]=586289.322462…

Q: Jeff has 5 years to save enough money to pay certain debt in full. During that time, he deposits…

A: If the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount, P…

Q: Mrs. Reyes plans to build a a two - door apartment on her vacant lot. She applied for a loan of…

A: Given Principal amount = 1,750,000 php time = 4 years rate of interest= 10% number of times the…

Q: Dylan and Liz multiply 48,292.72 by 4 to make a total savings goal for college. If they want to have…

A: