How much should you invest each month in order to have $700,000 if your rate of return is 5.6% compounded monthly and you want to achieve your goal in 40 years? How much interest will you earn? How much should you invest each month in order to have $700,000 if you want to achieve your goal in 20 years? If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?

Q: You have $15000 that you want to invest for 5 years. Of the two investment options below, which one…

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Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: You deposit $5,000 in a savings account that earns 6% simple interest per year. How many years will…

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Q: How much should you invest each month in order to have $800,000 if your rate of return is 4.4%…

A: Assume the principal amount as x.

Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: How much will you need to save per day to have $85,000 after 6 years, if your account earns 8%…

A: AmountA : $85,000 Time Period=6 year  Rate of interest =8% per year compounded daily

Q: if I invest 1000 at 2% interest how long will it take to double my money

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Q: You start to save for retirement. At the end of every year, you invest $3000 into an account that…

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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: 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: ow much should you invest each month in order to have $300,000 if your rate of return is 7.8%…

A: To calculate the interest earned and investment amount to get $300,000 in the account if the…

Q: Hannah wants to have $ 4500 to help pay for a new deck in 7 years. If she wants to put her money…

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Q: If you want to earn 15% annual simple interest on an investment how much should you pay for a note…

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Q: Tom, a graduate student, is considering investing $500 now, when he is 23, or waiting until he is 40…

A: Principal Value=500$ Rate of Interest=5% Compounded Quarterly Time Period is : First from Age 23 to…

Q: You deposit $300 in an account earning 5% interest compounded annually. How much will you have in…

A: Here,  P= 300$ i = 5% = 0.05 n= 20 years

Q: Dr. Kershaw invests $25,000. She earns 10.0% simple annual interest on her investment. How much more…

A: $ 0 would Dr. Kershaw earn after 2years if her investment had earned 10% annual interest compounded…