Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually. How much will he have at the end of 8 years? (Round your answer to the nearest cent.) $

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: you deposit $4000 in an account that pays 7% interest compounded semiannually. After 3 years,…

A:

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: You borrow $4500 at 5% interested compounded quarterly. How much will you owe after 7 years?

A:

Q: Derek and Claire plan take out a loan to purchase a new home. They take out a 20-year loan at 3.6%…

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Fritz buys a car costing $10,500. He agrees to make payments at the end of each monthly period for 8…

A: P = 10500 r = 9.6% = 9.6/100 = 0.096 t = 8

Q: You take out a loan to purchase a car for $7600. The bank offers you 3.8%, compounded monthly for 4…

A: Interest = $ 26525.22

Q: An amount of $1500 is deposited semi-annually for two years into a fun 10.5% per year, compounded…

A: Its is given that $1500 is deposited semi annually for two years into a fund that pays 10.5% per…

Q: Kyle has a $15,000 in college debt when he graduates. He will pay it back with regular monthlly…

A:

Q: Hannah is buying a house in Prince Edward Island. She paid $45000 cash when she bought the house and…

A:

Q: Sam begins saving for a down payment on a house using an investment account. The account earns…

A: Let's find.

Q: Fritz Benjamin buys a car costing $21500. He agrees to make payments at the end of each monthly…

A:

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: Fritz buys a car costing $8100. He agrees to make payments at the end of each monthly period for 6…

A:

Q: You have $2,000 on a credit card that charges a 21% interest rate. If you want to pay off the credit…

A: The objective of this question is to calculate the monthly payment required to pay off a credit card…

Q: Amy, who is 25, deposits $400 every 3 months into an account that earns 3.66 compounded quarterly.…

A: