Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back after 60 months?

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

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Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How…

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Q: Camilla has $18,220 in a savings account. The interest rate is 5% per year and is not compounded. To…

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Q: Ivanna wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 7.8%…

A: Given P=6000 n=5 m=4 r=0.078

Q: Sarah invests $4848 in a savings account with an annual interest rate of 5% compounded 2 times per…

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Q: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: Tara invested $8,890 in an account with an interest rate of 7.5% that was compounded quarterly. How…

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

Q: ou can afford monthly deposits of $190 into an account that pays 4.2% compounded monthly. How long…

A: Given information -  Monthly deposits = $190 Rate of interest = 4.2% The interest is compounded…

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: Ronnie Cox has just inherited​ $27,000. How much of this money should he set aside today to have…

A: Given information Future value=$23,000 Rate of interest r=1.5% compounded annually ⇒r=1.5100=0.015…

Q: Maura received $1000 from friends and family for college graduation. If she deposits her money into…

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Q: Jodie deposited $10,000 into an account paying 6.5% interest, compounded quarterly.  She needs to…

A: Let's say it will take t years to make the down payment

Q: Brandon is depositing $1500 into a savings account that compounded interest monthly with an annual…

A: Given that, Brandon is depositing $1500 into a savings account compounded interest monthly with an…

Q: Alexa and Erik plan to send their son to university. To pay for this they will contribute 9 equal…

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Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 10% interest. How…

A: The objective of this question is to find out how much money needs to be deposited each month in an…

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

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

Q: Laurie has $2,500 in an investment account. What annually compounded interest rate would she need to…

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Q: Millie invested $1000 at 3.5% interest , compounded monthly for a term of 18 months. How much…

A: Given that Millie invested $1000 at 3.5% interest , compounded monthly for a term of 18 months. The…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Suppose you want to have $500,000 for retirement in 30 years.  Future ValueFV= $500000Time t=30…