Mew parents would like to invest in their childs education, a registered education plan ia an account the accumulates 5% annual interest, compounded monthly, how much would they have to to invest now is they want 50,000$ in 18 years?

Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: if $24 is is invested at a simple interest rate of 2% per year what was the account balance be after…

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Q: Find the interest earned at the end of 3 ¼ years if ₱ 50,750 is invested at 12% compounded semi…

A: Compound interest formula is  A=P1+rnntP is the principal amount=50750r=0.12t= 3.25 years Replace…

Q: Apply IRR to project requiring $100m outlay, returning $106m in 1 year when opportunity cost of…

A: Given :Initial Outlay = $ 100 mYear one = $ 106 mPeriod = 1 year

Q: If you invest $2,000 today in savings account at an interest rate of 12%, compounded annually for 7…

A: Given that, Principal =p=$2000 Rate of interest =r=12% time=n=7 years The formula for compound…

Q: How much is P1,200 worth at the end of 1 year if the interest rate of 5.5% is compounded quarterly?…

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Q: What is the principal amount invested if the future value is 3,300 php invested at 10% interest…

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Q: A businesswoman invested P 5000.00 in a mutual fund that grows pro compounded continuously. How much…

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Q: P1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: We have to find the balance at the end of 17 years.

Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. How…

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Q: What simple interest rate will convert a $200 investment into $220 in one year?

A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is…

Q: Suppose RM2000 is deposited in a savings account for 10 years where the interest rate is 8.7%…

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Q: Suppose that $2000 is invested at a rate of 3%, compounded quarterly. Assuming that no withdrawals…

A: The formula is given by, A=P1+rnnt, where P is the initial amount, r is the rate and n is the time.

Q: Suppose you invest Php 25,00o0.00 in a bank. You leave the money for 6 years, each year getting 5%…

A: Principal value, P=25000Time period, t=6Rate of interest, r=5%

Q: . How much money will the customer have in the account after 5 years?

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Q: Canary Company invested $92,400 into a fund for 5 years. What nominal interest rate compounded…

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Q: Angelica received a 12 year non subsidized loan of 17,000 at an annual interest of 5.5 % compounded…

A: Loan amount=$17,000Rate of interestr=5.5%=0.055Monthly rate of…

Q: An amunt of 1 dollar is deposited in a funding at the beginning of every month for 7 years with 7%…

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Q: 9. A sum of $4500 was invested for 3 years with monthly compounding at 2.9%. Using the attached…

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