Simple PV Interest Days Method Total Intere $8,037.00 6.22% 280 Ordinary O a. $8,425.81

Q: Suppose you want to have $1,500,000 in 40 years. Calculate how much you need to deposit per month in…

A: Solution: Calculation of amount that will be deposited per month: Principal amount…

Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

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Q: Principal          185,000 Rate %              15 1/2 Time                  5 months Interest…

A: Given data:   The given principal is P=185,000. The given rate of interest is r=15 1/2 %=31/2 %. The…

Q: Which of the following is the balance for a single $2,484 deposit in an account with an APR of 1.88%…

A: Given initial amount $2,484. Interest rate r=1.88% time t=37 years.

Q: Molly Hamiton deposited $65,000 at bank of America at 8% interest compounded quarterly.  What is the…

A: We are given that Molly Hamiton deposited $65,000 at the bank of America at 8% interest compounded…

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future…

A: Given: P=$700 r=8.25% t=3 months To find: The Future value A Interest   To find the interest I=P×R×T…

Q: Find the value of a retirement savings account paying an APR of 5.4% after 40 years (contributions…

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Q: 5. Andy plans to have a fixed amount from his paycheck directly deposited into an account that pays…

A: Present value = R× future value/ {1-(1+R) -n } Where, R= rate per month n= number of month

Q: Principal             890,000 Rate %                13.35 Time                    9 months…

A: Given: principle=890,000 Rate % =  13.35 time =9month t=912year rate=13.35100

Q: Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a…

A: Supposed principal amount is Compounded quarterly, Rate, APY given that=3.34 %

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: deposit $500 in a savings account with 3% interest compounded annually. What is the balance in the…

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Q: Use the following information about Sunoco stock. 52 weeks VOL NET HI LO STOCK DIV YLD% P/E (1000s)…

A: The question is asking us to calculate the total dividends earned last year from owning 150 shares…

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

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Q: Find the accumulated value of an investment of $15,000 at 7% compounded semiannually for 3 years.

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Q: Manually calculate the compound interest on an investment of $8,750 at 12% interest, compounded…

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Q: Calculate the balance for a 4324 deposit in an account with apr 3.0% compounds daily that is…

A: Given information P=$4,324 Rate of interest r=3% ⇒r=3100=0.03 Since, interest is compounded daily,…