If $700,000 is to be saved over 12 years, how much should be deposited monthly if the investment earns 9.75% interest compounded monthly? Round to the nearest cent. OA. $2,577.27 OB. $1,965.15 OC. $1,728.04 OD. $2,244.64

Q: A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: A deposit of $20,000 is placed in a scholarship fund that earns an annual interest rate of 2.75%…

A: Amount deposited Interest rate  compounded daily.Time period  years.We have to find the amount in…

Q: If you invest $300 into a savings account that earns 8% annual interest compounded monthly, how much…

A: Here we find compounding.

Q: A principal amount of $1,300 is placed in a savings account with an annual interest rate of 5.95%…

A: Given that, the principal amount of  is placed in a savings account with an annual interest rate of…

Q: For 16 years, Janet saved $250 at the beginning of every month in a fund th 5.75% compounded…

A:

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

A:

Q: xander received a $22,950 loan from a bank that was charging interest at 4.25% compounded…

A: The loan amortization formula iswhere A is the period payment, P is the loan amount, i is the…

Q: How much must be deposited today into the following account in order to have a $105,000 college fund…

A:

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: Solve for Compound Interest and Amount.......6 month.....Principal $15,000........Rate…

A: The given principal amount at the rate  for months compounded semi-annually.The objective is to…

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

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: $3,000 is invested for 18 months compounded at the interest rate of 0.75% every month. Give your…

A:

Q: A principal amount of $14,390 is placed in a savings account with an annual interest rate of 3.13%…

A: The compound interest formula is:Where,  is the principal, is the annual rate of interest,  is the…

Q: Find the amount that results from the investment. Round the answer to the nearest cent $480 invested…

A:

Q: Find the accumulated value of an investment of $15,000 at 7% compounded semiannually for 3 years.

A:

Q: . A businessman needs an additional capital of 100000 for 10 years. What is the annual deposit in…

A:

Q: Joshua received a $30,100 loan from a bank that was charging interest at 4.50% compounded…

A: Loan received from a bank P0 = $30100 Semi-annual interest rate r = 4.50% Number of compounding…