Mya will invest a lump sum into a fund earning 8% compounded quarterly. How much does she need to invest in order to have a total of $50,000 in 7 years? Round your answer to two decimal places.

Q: You deposit $3000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Since, there has been a deposit of $3000 in an account earning 2%interest compunded monthly. Our aim…

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: How long will it take for $3000 to grow to $43000 at an interest rate of 8.1%. if the interest is…

A: Let's find.

Q: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

A: a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves…

Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

Q: Jason invests $6000 in a savings account. The savings account pays compound interest at a rate of…

A: Let's find.

Q: Lily has $550,000 saved for retirement in an account earning 2.05% interest, compounded quarterly.…

A: Given  lilly has saved $550000 for retirement

Q: Find the final amount of money in an account if $6, 300 is deposited at 2 % interest compounded…

A: Compound interest formula for an initial amount P for t years compounded n times a year at an…

Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

A: