Parents wish to have $100,000 available for a child's education. If the child is now 6 years old, how much money must be set aside at 4% compounded semiannually to meet their financial goal when the child is 18? Click the icon to view some finance formulas. ..... The amount that should be set aside is $ (Round up to the nearest dollar.)

Q: Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4 years. What is…

A: Given that :Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4…

Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…

A: We will find out the required value.

Q: Parents wish to have $140,000 available for a​ child's education. If the child is now 3 years​ old,…

A: Step 1:We have to calculate the amount that should be set aside. It means we have to calculate the…

Q: A family wants to have a $150,000 college fund for their children at the end of 20 years. What…

A: Given that future value  FV=$ 150,000 Interest rate r=7.6%=7.6100=0.076Compounded quarterly m=4…

Q: f $9,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

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Q: If the interest on a loan amount $3500 for 1 years is $132. Then the rate of interest is O 2.65%…

A:

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…