Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month, beginning on March 1and continuing through November 1. She will withdraw all the money on December 1. If the bank pays 1/2% interest each month, how much money will she receive on December 1?

Q: The first credit card Elisabeth receives charges 13.81% interest compounded monthly to its…

A: compounded interest =13.81% n=4 months A=2425.23 i=13.8112×100   =0.011508 it is known that  A=P1+in

Q: Suppose you’d like to save enough money to pay cash for your next used car. The goal is to save an…

A: Given that, to save an extra $8000 over the next three years.To find the amount of monthly payments…

Q: esiree opens an account with one deposit of $6500. She receives a statement twice a year, just after…

A: Given problem is :   Desiree opens an account with one deposit of $6500. She receives a statement…

Q: To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16 years.…

A: Given that, To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16…

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

A:

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A: Hector purchasing his car is a loan with  interest over four years.The aim is to find out how much…

Q: Penny makes deposits into two separate accounts for 2 years. Option A: $800; 6% annual simple…

A:

Q: To save for retirement, Karla Harby put $475 each month into an ordinary annuity for 18 years.…

A: Amount karla put before interest (P) = 475 Tenure (t) = 18 years = 18 *12 Intrest will be compounded…

Q: Suppose you decide to give up your weekly trip to Amy’s ice cream and instead deposit the $12 you…

A:

Q: When Jack started his job working for an idustrial manufacturing company, he contributed $680 at the…

A: According to the given information it is required to find how much money Jack would have at the end…

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A: Given that  Tristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3%…

Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…

A: