How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 4% interest compounded annually. Round your answer to the nearest cent

Q: You deposit $5000 in an account earning 8% interest compounded monthly. How much will you have in…

A: The objective of this question is to calculate the future value of an investment with monthly…

Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

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Q: How much money would you need to invest to have $24,000 after 8 months at 6% annual interest?…

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Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

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Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: You deposit $6500 into an account paying 8% annual interest compounded monthly. How much money will…

A: solution of the given problem is below ...

Q: You deposit $5000 each year into an account earning 4.1% interest. How much will you have in the…

A: Please find the answer in next step.

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

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Q: You deposit $3000 in an account earning 5% interest compounded monthly. How much will you have in…

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Q: You deposit $3000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: P=Principle=$3000t=time=15 yearsr=interest rate=8%=0.08A=final amount=?n=number of times compounded…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: Let the monthly payment be P . It is provided that future value, A=10000 . The rate of interest, r…

Q: A grandparent puts $5,000 into a college education fund for a grandchild. If the fund earns 3.75%…

A: Given that: Principal(P) is $5000. The rate of interest(r) is 3.75%. Time(t) is 16 years and n is…

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

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Q: Which of the following is the matrix AB for the following matrices? ΓΟ 1 2 1 ---- 1 2 and B = 1 O A…

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Q: You deposit $4000 each year into an account earning 5% interest compounded annually. How much will…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 8% interest…

A:

Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in…

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Q: earning

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