Mariposa deposits $2500 in a n account with an APR of 5.5% for 10 years. How much interest will she make if the interest is compounded daiky?

Q: Lauren plans to deposit $6000 into a bank account at the beginning of next month and $175/month into…

A: Future Value is the value which is measured at a specified date at a given interest rate,  it can be…

Q: A woman buys a house for a ​$260,000. She pays ​$20,000 down and takes out a mortgage at 5.1​% for…

A: Purchase Price of House = pp = $260,000Down Payment = dp = $20,000Compound = Monthly = 12Interest…

Q: Luis is expected to settle a loan by paying $5,500. What amount should she pay if she decides to…

A: To calculate the amount Luis should pay if she decides to settle the loan seven months earlier, we…

Q: Lauren plans to deposit $5000 into a bank account at the beginning of next month and $200/month into…

A: Future value is the amount accumulated on the deposit made along with interest earned on the…

Q: how much will Lauren have in her account at the end of 6 years? (Assume she makes no withdrawals…

A: The future value (FV) is a financial concept that represents the worth or value of a sum of money at…

Q: Emily and Madison both invest $1000 at 10% per year for 4 years. Emily receives simple interest and…

A: Simple interest is a method of calculating interest amount charged on the principal amount of…

Q: Lauren plans to deposit $5000 into a bank account at the beginning of next month and $150/month into…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: Ann invests $1000 today in an investment that has APR of 9.8% and is compounded monthly. How much…

A: 1) Future Value = Present value * (1+r)^n Where, r =rate of interest per period i.e. 9.8%/12 =…

Q: Margarita borrows R10,000 from her uncle and agrees to repay it in monthly instalments of R200. Her…

A: Loans are paid in equal monthly payments and these payments carry the payment for interest and…

Q: Assuming a 6% interest rate, how much would Jennifer have to invest now to be able to withdraw…

A: Given data: Discount rate = 6% p.a. Time = 10 years Annual withdrawl = $9,000

Q: Ms. C took a loan of $150,000 at a rate of 7 percent. She can pay equal installments of $25,000 at…

A: PV(loan amount) = 150,000I/Y (interest rate) = 7%PMT (periodic payment) = 25,000

Q: Laura opens a money market account that earns 3.0% per year by depositing $15,000. She then deposits…

A: Compounding is a technique through which future value (FV) of present amount is computed by using an…

Q: How much should Manvir have in a savings account that is earning 3.50% compounded semi-annually, if…

A: Present value of an investment is the sum total value of all deposits in today's period that are…

Q: Tracey placed $4,500 in an account that accrues simple interest of 6.25%.  How much will she have at…

A: Simple Interest method of calculation is one in which the interest accumulated does not earn…

Q: Kim invests $6050 in an account earning 6.54% interest, compounded weekly. How long will it take for…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: Margo borrows $400, agreeing to pay it back with 8% annual interest after 17 months. How much…

A: We need to use simple interest formula to calculate interest to be paid by Margo. Interest =…

Q: Megan invests $1, 500 at the end of each year into an account earning 2% effective annual interest.…

A: Part 1:  Future value of the annuity in the first accountYear Amount Deposited0 $1,5001 $1,5002…

Q: At an interest rate of 7 - %, Karen borrows $4,000 for 13 years. How much interest will she pay?

A: Concept: The interest is the product of principal, time period and number of years that is divided…

Q: ria deposits $1,000 in her account at a rate of 3% per year as interest for 2 years. what is the…

A: Future value of amount is the amount that is being deposited and amount of interest accumulated over…

Q: Tom takes out a loan for $15,000 at an APR of 6% to start out his business. He promises to make…

A: GIVEN, P=$15,000 R=6% M=4 N =10 YEARS

Q: Tristan will deposit $254 into an account every two weeks (26 times per year). The account earns an…

A: Future value refers to the value of a current asset at some future date using inflation or…

Q: Poonam wants to invest in an account today to have S4000 at the end of 8 years. If she can invest at…

A: As per the given information: Amount (A) = $4,000 Rate (r)= 4.25% Period (t) = 8 years To determine:…

Q: Margo borrows $600, agreeing to pay it back with 7% annual interest after 15 months. How much…

A: When a loan is repaid then the repayment amount included both the principal amount borrowed and the…

Q: Hannah places $ 5500 into an account earning 8% interest compounded continuously, how much will she…

A: Given: Amount = $5,500 Interest = 8% Time = 13 Years

Q: Alyssa has $800,000 saved for retirement in an account earning 2.2% interest, compounded quarterly.…

A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Q: Sara deposited $3000 in an account that earns 5.5% simple interest. How much money will be on…

A: A = P * (1 + rt) A = final amount p = Present value r = Interest rate T…

Q: how much will she have in her account after 11 years

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…