If you placed $100 into an investment account that paid an annual rate of interest of 5% compounded the quarterly, how much would that account be worth In 100 years--approximately one full generation from now? (Your Great Grand Children) In 300 years--approximately three full generations from now? (Your Great-Great-Great Grand Children) Discuss why it benefits to keep the trust for the two additional generations (difference between a 100 yr and 300 yr inve

Q: If lottery winnings of Q are invested now at an interest rate of 9%, how much is available to help…

A: If lottery winnings of Q are invested now at an interest rate of 9%, how much is available to help…

Q: 6.) What interest rate compounded monthly would you need if you invested $15,000 today and needed to…

A: Formula At=p1+rnnt⇒n=compounded period⇒p=initial amount⇒At=Amount at time t ⇒t=time in years⇒r=rate…

Q: Suppose you deposit $10,000 into an account (single deposit). How much money will you have after 5…

A: topic- exponential function

Q: Because simple interest is used on short-term notes, the time period is often given in days rather…

A:

Q: if jake deposit $5000 at the end of the year for 15 years in an account paying 6% interest…

A: Given: The principal amount is $5000, the time period is 15 years, rate of interest is 6% to find…

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: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000…

A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=…

Q: If the parents in part e invested $10,000 in an account paying 8%, compounded quarterly, how much…

A:

Q: A person invests $5000 at 2% interest compounded annually for 3 years and then invests the balance…

A:

Q: Phillip invested $11,500 into a fund earning 6.50% compounded monthly. He plans to withdraw $750…

A: Given : Principal(P)=$11,500 rate of interest(r) compounded monthly=6.50%=0.065 t=3 years The…

Q: If $4000 is deposited into an account paying 3% interest compounded annually and at the same time…

A:

Q: The adult children of a college professor are endowing a scholarship fund in their father’s name.…

A: Given that, Present value = P = $1000 Interest rate = r = 6% = 0.06 Time = n = 3years

Q: What amount must be invested now to have $12,000 after 3 years if money is worth 6% compounded…

A:

Q: If $8,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A: Given that, P = $8000 r = 0.03 n= 4 t = 5 years The formula for calculating the compound interest…

Q: A debt of $43,974 is due in 4 years. If the debtor wishes to pay his creditor today at 14%…

A: If the interest is compounded, then the formula that is used is FV=PV1+rnnt. Here FV is future…

Q: If $7,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A:

Q: What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a…

A: Let S be the sum deposited . and Let A be the compound  amount i.e. A=$50,000 Now t=6 years It is…

Q: If $10,000 is intially deposited in an account and left in there for 20 years, what will be the…

A: We use the formula: A=P(e)^rt Where, A=future value P=present value e=2.71828 t=time period r=rate…

Q: A person invests $4000 at 5% interest compounded annually for 5 years and then invests the balance…

A: Given: A person invests  at  compounded annually for  years and then invests the balance in an…

Q: A mother is investing $500,000 in a trust fund from which her three children are to receive equal…

A: To find the original amount each child receive

Q: If it takes 12 years and 5 months to double your money (compounded quarterly), how long would it…

A: To determine the time t it will take for the investment to double.