Oliver is going to invest $2,500 and leave it in an account for 18 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest tenth of a percent, would be required in order for Oliver to end up with $4,600?

Q: Rose has saved $160,000. If she decides to withdraw $2500 at the beginning of each month knowing the…

A: From the given, Amount (A) = $160,000 Principle amount (P) = $2500 Rate = 5% per annum Then R =0.052…

Q: Trinh invested $3800 at an annual interest rate of 8%, compounded annually. How much will she have…

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Q: a wants to have $200,000 to buy a smaller retirement home in 20 years. If they can earn 4.5%…

A: To calculate the amount that Mika should deposit in his account now to have $200,000 in 20 years.…

Q: Frank Steed wants to open a camera shop. How much must he deposit now at 6% interest compounded…

A: To find the amount which should be deposited now at 6% interest compounded monthly to have $25,000…

Q: Henry has inherited $18 000 and would like to invest the money to pay for new car in two years. If…

A: The amount he invested for new car is:  P = $18,000 Interest rate:  r = 4.9% Interest is compounded…

Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

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Q: Karen wishes to have $17,730 cash for a new car 5 years from now.  How much should be placed in an…

A: Given: Karen wants $17,730 after 5 years. The interest is compounded weekly with a rate of 6%. To…

Q: Adrian invested $7,200 in an account paying an interest rate of 3.1% compounded monthly. Assuming no…

A: P=$7,200,  r=3.1%=0.031,  A=$12,110,  n=12

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: venture promises a 7% annual interest rate compounded once a year. For how many years should Roger…

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Q: A person needs $15 000 for a down payment on a car. If the person invests $10 000 at 9% interest,…

A: Given  A=15000 P=10000 r=9%=0.09

Q: Find the area of the shaded re

A: here , we have graph  of  shaded part ,    then we have to evalauate  the area  of shaded part

Q: A company is planning to manufacture snowboards. The fixed costs are $136 per day and the total…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly at the end…

A: We will use formula for compound interest.

Q: A couple plans to invest money into an account that earns 9% interest, compounded quarterly, for…

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Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 5% interest…

A: Annuity formula               A=PMT((1+rn)nt-1)(rn) where PMT= regular monthly deposit amount…