Suppose you want to have $400,000 for retirement in 25 years. Your account earns 6% interest. a) How much would you need to deposit in the account each month? $ tA b) How much interest will you earn? LA

Q: You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years.…

A: Here given  Principle amount P=$100 rate r=6.3% time t=30 years,

Q: You can afford a $850 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How…

A: (a) $115840.97 (b) $306000 (c) $190159.03

Q: You can afford a $1450 per month mortgage payment. You've found a 30 year loan at 7% interest.a) How…

A: According to the given information:Mortgage payment per month = $1450Time period of loan = 30…

Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 7% interest. Round…

A:

Q: Your grandmother has given you $200 for your birthday! You decide to use that money and start saving…

A: Using linear equation..

Q: a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $…

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: d 0.25% per month simple interest for a three-month term. What total amount of interest was ea

A: Introduction: The formula of simple interest is given by, S.I.=P×R×T100 Where P is the principal…

Q: Jane recelved $875 from her graduation party. She put the money in a bank with a 4% simple interest…

A: We need to find interest earned by Jane. We will use formula for calculating simple interest.

Q: Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in…

A:

Q: You want to be able to withdraw $25,000 each year for 15 years. Your account earns 7% interest. a)…

A: (a) $227698 (b) $375000 (c) $147302

Q: Don buys a car for $22,500. Don gets a loan for a year with an interest rate of 3% per year. How…

A: Using simple interest formula,

Q: What is the interest earned on a principle of $250 at 3% interest for 9 years? O $67.5 O $675 O…

A: p=$250 r=3% t=9 years

Q: Ou deposit $200 each month into an account earning 6% interest compounded monthly. How much will you…

A: Answer Payment [PMT] = $200Rate of interest [r] = 6% = 0.06Compounding period = monthly = n = 12Time…

Q: You deposit $400 each month into an account earning 3% interest compounded monthly. a) How much will…

A: Deposit amount each month Rate of interest  compounded monthlyTime period  years

Q: You borrowed money and need to pay interest on the loan. You must pay 5% of the $6500 loan to remain…

A:

Q: You deposit $100 each month into an account earning 4% interest compounded monthly. a) How much will…

A: