How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42 at the end of every quarter that pays him 18.75% interest compounded quarterly? (7.05)

Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

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Q: Ranad borrowed $25,000 at 5.25 % interest per year, compounded semi-annually. If she were to pay off…

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Q: Kylie is thinking of investing an amount of P250, 000.00 at 5% compounded annually for 2 years. Find…

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Q: P7,500.00 earning 9% interest, compounded daily for 3 years

A: Given: P=7500 r=9%=0.09 Compounded daily, n=365 t=3 years

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: 5400 at 7% compounded quarterly for 5 years

A: Compound Interest Formula is given as follows Where A is the final amount after time t P is the…

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: If you can't start saving that early in your careerat the age of 24until you retire at 64, you will…

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Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: Matilda wishes to retire at age 67 with $1,300,000 in her retirement account when she turns 28 she…

A: Introduction: Suppose, a person deposits an amount P at rate of r% compound interest compounded n…

Q: Find the simple interest paid on a $880 investment at 6.4% annual interest for 30 days. Use the…

A: given that  principal p=$880 , interest rate r=6.4% annual  and t=30 days  now by bankers formula we…

Q: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: On July 10, Isabella opened a savings account with $900. It earned 3% interest, compounded daily. On…

A: To find out the amount at the end of the day on July 11.

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…