Find the future value, using the future value formula and a calculator. 3 $1,000 at 7-% simple interest for 4 years. 4 A) $1,280.00 B $690.00 C) $1,560.00 D $310.00 E $1,310.00

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: Find the present value of the given future amount. $118,157 for 268 days at 9.3% simple interest.…

A: Future valueF: $118,157 Rate of interestr : 9.3% Time : 268 days Assuming 360 days in a year

Q: Find the future value of the ordinary annuity. Interest is compounded annually. R= 1000; =0.08; n=…

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Q: You have a choice of four increasing annuities as shown in the table below. Which annuity will reach…

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Q: Use the formula for the future value of an ordinary annuity to solve for n when (formula in image)…

A: using the given formula we need to calculate value of n.

Q: Parents wish to have $100,000 available for a child's education. If the child is now 10 years old,…

A: Given information, Target amount (A) = $100,000Current age of the child = 10 yearsAnnual interest…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $740 per month…

A: Step 1: Given Value for Calculation  Compound = Monthly = 12Monthly Payment = p = $740Interest Rate…

Q: Future Value. YOU invest a single lump sum of $10,000 at the age of 25 years old and receive a 12%…

A: I=( P r n)/100

Q: Find the present value PV of the given future value. (Round your answer to the nearest cent. Future…

A: First, find the relation between the future value (FV) and present value (PV):

Q: A loan of $1700 is being paid off by quarterly payments of $130. If interest is at the rate of 2%…

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Q: Use the formula for future​ value, A=​P(1plus+​rt), and elementary algebra to find the missing…

A: The future value formula is given by,

Q: At the end of each quarter, David deposits $300 into a savings account that earns 3.92% interest…

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Q: Find the present value of the given future amount. $98,000 for 5 months at 5% simple interest What…

A: The given problem is to find the present value for which the given future value is $98,000 for 5…

Q: Parents wish to have $100,000 available for a child's education. If the child is now 6 years old,…

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Q: Find the future value of the ordinary annuity. Interest is compounded annually. R= 25,000; i= 0.025;…

A:

Q: If you make a payment of $200 at the end of each month into an account that earns 2.4% annual…

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