If you want to go overseas in 10 years time and you save 800 each month for 5 years at 5% per year compounded monthly. Then the next 5 years you save 200 a month at 5% compounded monthly how much do you have at the end of 10 years?

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Q: Ford needs $800 for a down payment on a car he would like to buy in 3 years. He found an account…

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Q: Charlie invests $8,000 into an account to save for college. If the investment is compounded annually…

A: We know, when a Principal amount ( P ) is compounded annually with an interest rate 'r' % and for 't…

Q: 11. An investor plans to invest $12,000 at 4.9% with continuous compounding. Calculate the number of…

A: Consider the given information.

Q: Jackson deposited $5,000 at 3.6% interest rate, compounded continuously when he was 18 years old.…

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Q: Mary invests $1500 in an account that earns an interest rate of 4% compounded continuously. Will she…

A: The objective of this question is to determine whether Mary will have enough money in her account…

Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Sethino invests R20 000 at a bank at an interest rate of 6% p.a., compounded annually. After 4…

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Q: Skylar is going to invest in an account paying an interest rate of 3.5% compounded daily. How much…

A: Page 0Given, Skylar is going to invest in an= 3.5looN= 365.365x10account,0.035Interest rate = 3.5%r…

Q: Charlie invests $11000 into a savings account that grows at an interest rate of 4.5% per year.How…

A: Rate of interest for 1 week = (4.5%)/(Number of weeks) = (4.5%)/52

Q: Jake invests $4900 at an 8% interest rate compounded contínuously for 2 $5000 at a 7% interest rate…

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