Find the value of a retirement savings account paying an APR of 5.4% after 40 years (contributions made at the end of each year, including the last year) when the annual contribution is $1200. $159920.54 $160475.08 $162701.33 $163088.26

Q: You deposit $3,000 into a savings plan at the end of each year for three years. The interest rate is…

A: We have deposit amount is P=$3,000 Rate of interest = 5% = 0.05 Time = 3 years. Now, the value of…

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Given information Future amount A=$43,000 Interest rate r=9% ⇒r=9100=0.09 And time t=3 months that…

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 an annuity due with an annual payment of ​$7,400 for two years at 9.2​%…

A: We will find out the required future value of annuity due.

Q: Find the future value of the loan. P = $14,800, r = 3%, t = 7 years O $18,202.13 O $16,117.20 O…

A: Given data  Principal (pv)=14,800 Rate of interest r=0.03 Time period t=7 years Future…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

A:

Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

A:

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: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer t $900,000…

A: Loan Amortization Formula PMT=Pr1+rn1+rn-1 Where 'PMT' is periodic payment, 'P' is loan amount, 'r'…

Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…

A:

Q: Find the present value of an ordinary annuity which has payments of $700 per year for 13 years at 5%…

A: Given that the payments of $700 per year for 13 years at 5% compounded annually.