Find the economic profit for this scenario.     Principal: $10,000     Rate: 5.5% compounded monthly     Time: 2 years     Risk free rate: 3.5% annually

Q: Quarterly withdrawals of $850 for 7 years; interest rate is 4.9% compounded quarterly. Find the…

A: The formula is:A=P1+r4004Twhere P=principal amountr=rate of interestT=time

Q: You decide to make monthly payments into a retirement fund earning 4.75% compounded monthly.  Note:…

A: Given-  Monthly deposit, PMT = $240 Rate, r = 4.75% = 4.75100 = 0.0475 Amount, A = $338,000 Number…

Q: find the maturity value of an investment of $1200 invested at 6% simple interest for 5 years

A:

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan's…

A: Given information P=​$6000​, r=7.0​%,t=6 months

Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

A: You are depositing $550 per month You deposits a total of 40 years.

Q: The principalP is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Here we will find out the required value of simple rate of interest.

Q: $20,000 in a fund paying 2% per year, with monthly payments for 5 years PMT =

A: The objective of this question is to calculate the monthly payments (PMT) for a fund of $20,000 that…

Q: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: Find the economic profit for this scenario.     Principal: $2,500     Rate: 6% compounded monthly…

A: Compound interest formula A=P1+rnnt where P is principal amount, r is rate of interest, n is number…

Q: Find the saving balance after 15 years with an APR of 3.2% and monthly payments of $200

A:

Q: You want to have a $50,000 college fund in 12

A:

Q: Suppose that you have $9000 to invest into an account that pays interest at a rate of 1.95%. Find…

A: Given that the investment amount P=$9000 Interest rate r=1.95%=1.95100=0.0195Number of years t=8…

Q: jim borrows $500 at 17% per annum compounded quarterly for 2 years. Determine the interest due on…

A:

Q: Find the compound interest earned by the deposit. Round to the nearest cent. $4000 at 4% compounded…

A: Given:

Q: You have $10,000 you want to invest. Your bank has several investment accounts to choose from, all…

A: Formula of compound interest is A=P1+rnnt

Q: if you borrow $1200 at an add on rate of 5% for 4 years how much is the monthly payment

A: Given that: Principle(P) is $1200, rate of interest(r) is 5% and time(t) is 4 years. The amount can…

Q: $20,000 in a fund paying 2% per year, with monthly payments for 5 years PMT =

A: The objective of this question is to calculate the monthly payments (PMT) for a fund of $20,000 that…