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 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: 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: If you deposit $300 now in a savings account and increase your deposits by 10% each month, how much…

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Q: You want to be able to withdraw $40,000 from your account each year for 25 years after you…

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Q: Suppose you invest $190 at the end of each month for 6 years into an account earning 6% annual…

A: Given:Principal (P)=$190rate (r)=6%/100=0.06/12months=0.005n=6 years x 12= 72Formula:FV=P*(1+r)n-1…

Q: A bond pays dividends of $110 at the end of each year. If the bond matures in 20 years, what is the…

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Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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Q: Suppose you have $2700 in your savings account at the end of a certain period of time. You invested…

A: Given: Principal amount P= $2000 Future value A= $2700  Rate r= 7.47 % annually To find time t (…

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 community outreach program wants to set up a scholarship fund for students who demonstrate…

A: Formula for compound interest is,Intererst=invested amount1+interest ratenumber of times interest…

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: 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…

Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…

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