Jane Smart plans to make the following deposits in an account towards cash purchase of a real estate property. EOY 1 2 3 4 5 Deposit ​$6,000 ​$14,000 ​$22,000 ​$30,000 ​$38,000   ​(a) How much money will the account have immediately after the last deposit if the account earns an interest rate of 12​% per​ year?

Q: A teenager receives $50 for his birthday, and his sister wants to borrow it from him for 15 weeks.…

A: The formula for simple interest is I= Prt Where I= Interest earned, P=Principal amount, r=rate of…

Q: adam bought a $500 tablet on hire-purchase plan, consisting of a deposit, then monthly payments. he…

A: .....

Q: Suppose you would like to retire at the age of 65 with $2,000,000 in the bank. Determine- the…

A:

Q: Suppose you want to buy a new car that costs $32,600. You have no cash – only your old car, which is…

A: The given data is: The price of the new car is $36,600 The price of the old car is $4000 The…

Q: years

A:

Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: You have just sold your house for $1,100,000 in cash. Your mortgage was originally a​ 30-year…

A: Given: n = 360 FV = 0 PV = 750,000 rate = 5.25%/12 = 0.4375%

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: The table shows the sales revenue from the past 8 quarters.  What is the 4-period moving average…

A: The given table shows the sales revenue from the past 8 quarters.

Q: Suppose your bank has a minimum interest policy for single-payment loans of $60. Using ordinary…

A:

Q: Ava purchased a boat valued at $25,000 on an installment plan requiring equal monthly payment for…

A: Ava purchased a boat valued at $25,000 on an installment plan.The monthly payment is equal for four…

Q: you would like to have $20,000 saved in 4 years. you decide to make payments at the end of each…

A: The formula for annuity is given by A=p1+rknk-1rk.  Here, A is the final amount received at the end.…

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

A:

Q: Suppose a bank offers you a 5.1% interest rate on a 25-year mortgage to be paid back with monthly…

A:

Q: If you wish to retire at age 67 and make $60,000 per year without affecting the principal of your…

A:

Q: Month-end payments of $1,580 are made to settle a loan of $174,200 in 10 years. What is the…

A: Solution:- first calculate the total amount paid in 10 years