Marlon Dela Cuesta spends P850 per month in cigarettes. If he stops smoking and invest the same amount in a paying 15% compounded monthly. How much will he have after 4 years?

Q: You deposit $3,000 into a savings plan at the end of each year for three years. The interest rate is…

A: We have deposit amount is P=$3,000 Rate of interest = 5% = 0.05 Time = 3 years. Now, the value of…

Q: A guy named Stranger Thing can afford to pay $545 each MONTH for the next 6 years to pay towards a…

A:

Q: Juan deposited 4000$ into an account with 2.4% interest  compounded semiannually. Assuming that no…

A:

Q: Cyrus deposit $744.88 Each quarter into an annuity account for his child college fund. He wishes to…

A: Given that Cyrus deposited $744.88 each quarter into an annuity account. The future value he wish to…

Q: Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the…

A:

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $467 per month…

A:

Q: to retire a bond of $100,000.00 in 5 years what amount needs to be deposites at 8%.

A:

Q: Bob has $45 deducted from his paycheck at the end of each month and put into a savings…

A:

Q: Jessica opens an ordinary annuity that earns 5.4% compounded monthly. He deposited each month. How…

A: Given that the future value FV=$ 24,000Interest rate  r=5.4%=5.4100=0.054compounded monthly…

Q: blake contributed $508 at the end of every 3 months into an RRSP fund earning 3.52% compounded…

A: Answer  Step by step approach to calculate the future value of the fund at end of 7 years is given…

Q: Suppose you Invest $170 a month for 4 years Into an account earning 9% compounded monthly. After 4…

A: Consider the given information.

Q: Brent deposits P25 000 on August 13, 2020 and had deposited the same amount on the same date every…

A: Given that: Brent deposits P25000 on Aug 13, 2020 and had deposited the same amount on the same date…

Q: You won the lottery today and immediately deposit your funds into an investment account that earns…

A: By the formula of payout annuity due P0=d×1-1+rm-n×mrm×1+rm where P0 is Balance in the account at…

Q: Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it.…

A: In this question, we will use the compound interest formula.

Q: Ruth opens a savings account at 8% compounded semiannually and deposits $2,000 every 6 months for 10…

A:

Q: Blake contributed $584 at the end of every 3 months into an RRSP fund earning 3% compounded…

A: The future value is the value of an investment or sum at a specific point in the future, taking into…

Q: Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the…

A:

Q: Brent Pickett borrowed $5000 from his brother Dave. He agreed to repay the money at the end of 2…

A:

Q: Casey received a loan of $27,000 from the bank at 4.50% compounded monthly. If he had to repay $250…

A: