fund

Q: You have $3,500 on a credit card that charges a 15% interest rate. If you want to pay off the credit…

A: Given Information:Present value in the credit card is .Rate of interest is .Number of years is 5…

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: 1) Lucy invests $6500 at 3.2% p.a. interest compounded annually. Find the value of her investment…

A: Direectly use the formula for compound interest

Q: If you make an investment of $5,000 and the investment earns an annual interest rate of 4.9%, in how…

A: Topic = Algebra

Q: Find what simple interest rate will be necessary for Sonny to get a 40% return on a $500 investment…

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Q: Find the investment needed today to make $ 100,000 in 5 years with a simple interest rate of 8% per…

A: Given data÷ A=$100,000 t=5 years r=8% =0.08 per year

Q: Mr. Belvedere hopes to purchase a new home for $200,000. His savings account accrues interest at 5%…

A: Given Use formula

Q: n order to pay for college, the parents of a child invest $20,000 in a bond that pays 8% interest…

A: P = 20,000r = 8% = 0.08t = 18n = number of compounds in one year = 2

Q: c) How long will it take for a sum of money lent at 5.70% simple interest become double of itself?…

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Q: To save for retirement, you decide to deposit $1000 into an IRA at the end of each year for the next…

A: PMT = 1000N = 30 years Rate = 10%

Q: Frank Steed wants to open a camera shop. How much must he deposit now at 6% interest compounded…

A: To find the amount which should be deposited now at 6% interest compounded monthly to have $25,000…

Q: ant. How much money is in the account on January 1 How much money is in the account t years after

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Q: A $500 bond matures in 25 years. What should you be willing to pay for the bond now if you want an…

A: To calculate the present amount of bond that is willing to pay if amount of bond is $500, the time…

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

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Q: Please draw cashflow diagram) What amount of money invested today at 15% interest rate compounded…

A: Given that the interest rate is 15% and its compounded quarterly and P30,000 at the end of each year…

Q: Company needs $820,000 at the end of five years to open a new office.  The company decides to…

A: To determine the money that needed to be invested per period in the fund to obtain the money to open…

Q: A deposit of $15,000 is made in a trust fund that pays 3.5% interest, compounded semi-annually. It…

A: Given that, the amount invested is: P=$15,000. The rate of interest is: r=3.5100r=0.035 The time is:…

Q: A 43-year-old man puts $2000 in a retirement account at the end of each quarter until he reaches the…

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Q: Phoebe needs $6000 one year from now to finance the recording of her acoustic music album. Phoebe…

A: As per the question we have to find the amount of money Phoebe has to deposit monthly into an…

Q: Suppose that a sum of money is invested at an annual interest rate of 4%. Determine the time, in…

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Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

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Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

Q: You have $10,000 that you are considering whether to invest . If you invest it in an account that…

A: We can make it easier for you

Q: An investment offers an interest rate of 4% compounded quarterly. Kamala invested an amount of $X in…

A: Given: invested amount(P)=$X, time(T)=6 years, interest rate(r)=4%(compounded quarterly), amount of…