You open a bank account, making a deposit of $200 now and deposits of $200 every other year. What is the total balance at the end of 10 years from now if your deposits earn 10% per year.

Q: You want to start saving for your 10 yr old son. If i=6% compounded quarterly, how much would you…

A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…

Q: If $ 5000 shall accumulate for 10 years at 8% compound quarterly. Find the compounded interest at…

A: Given information is: Principal amount (P)= $5,000 Time period (t)= 10 years Interest rate (r)= 8%…

Q: If you invest $150,000 at an interest rate of 10% (annual rate) compounded monthly, what is your…

A: Answer - $150,000(1.0083)24

Q: You have received a loan worth $ 380000.This money will be paid every two months with a nominal…

A: Since the interest rate has been given in per year terms, it will have to be converted into two…

Q: Kathy is withdrawing $125,409 from an account in which she invested 8 years ago. If the account paid…

A:

Q: If you deposit $5000 into an account paying 6% annual interest compounded semi-annually, how…

A: Given the deposit amount = $5000 Interest rate = 6% Future amount = $8000

Q: value of $ 20000 at the end of 10 years

A: (a) FV ($) = 20000 + (20000 x 7% x 10) = 20000 + 14000 = 34000

Q: a condominium unit can be bought at a down payment of 150,000 and a monthly payment of 10,000 for 10…

A: A 1 =150000 A 2 =10000 n=10 i=0.01

Q: Please show work

A: According to the question, an investment of $2,000 has made for 20 years at 8% per year. The amount…

Q: David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per…

A: In economics, present value refers to the current value of future steam of cash flow. Future value…

Q: Determine the value of Won the right-hand side of the accompanying diagram that makes the two…

A: The cash flow diagram visually depicts the expenses and income over a defined time interval. It has…

Q: You are planning to withdraw $100 in Year 1, $150 in Year 3, and $200 in Year 5. At a 5% interest…

A: In economics, the present value(PV) is the value of an anticipated stream of income determined as of…

Q: Lin is wants to earn an amount of $31350. She heard that ABC Bank is accepting investments to be…

A: Interest rate = 3.7% Present value of amount that Lin has = $4214 Future value = $31350

Q: At what annual rate of interest, compounded quartile will money double in (3+R) years?

A: We are going to set up the mathematical equation to answer this question.

Q: If you invest 600 at year zero, then that same amount more every subsequent year, letting it…

A: The future value of an annuity is a financial concept that represents the total value of a series of…

Q: If you deposit $10658.1 into an account paying 5% annual interest compounded semi-annually, how much…

A: Deposit Amount =10658.1 Interest rate = 5%   (Compounded Semi- Annually ) Effective Annual  Interest…

Q: Calculate the the compound amount for an annual payment of $8000 for 14 years when the interest rate…

A: Yearly compound interest formula A=P1+r100n where A=amount P=Principle r= rate of interest in…

Q: hat is the value at the end of 4.25 years of $100,000.00 applied at 4% compound interest per month?

A: The interest charged on a borrowing or deposit is known as compound interest. This is the most often…

Q: Supposed you borrowed some money from a friend two hundred and seventy-five days ago at a simple…

A: n = 275 Interest = 12% Amount = 25,000 Assuming total days in years  = 365

Q: Juan makes 10 bimonthly deposits of $500 beginning one bimonthly after today, if the interest rate…

A:

Q: Mr Chen wants to get a lumpsum of 3.5 million pesos when he retires at the end of 20 years. How much…

A: In the question above, it is given that :  Amount = 3,500,000 Pesos Time period = 20 years Interest…

Q: How long in years will it take for Priscelle’s investment to fivefold its amount if money is worth…

A: Compound interest implies the interest that is calculated not only on the initial principal amount…

Q: What is the accumulated amount of P 5 000 after 10 years that is at 8% compounded bi monthly?

A:

Q: Find the present value of deferred annuity of P 900 every 3 months for 5 years that is deferred 3…

A: Given Information A = 900i = 10% compounded Quarterly = 10/4 = 2.5% or 0.025n = 5*4 = 20 Deferred…

Q: Karly borrowed $6,200 from her parents for 4 years at an annual simple interest rate of 2.8%. How…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: How many will it take money to be 3 times itself if invested at 12% compounded semi-annually

A: Let X is the amount deposit, how long will it take to be 3 times itself if invested at 12%…

Q: oney is worth 14% compounded quarterly

A: Given : Amount deposited each year=10000 Duration=9 years  Rate of interest=14% or 14/4=3.5%

Q: Using the formula for present worth (1+n)t In how many years will $10000 accumulate to $25000 at 18%…

A: Here we calculate the number of year by using the given formula and information , so the calculation…

Q: Every year you deposit $2,600 into an account that earns 2% interest per year. What will be the…

A: here we calculate the balance after 40th deposit by calculating the future value , so the…

Q: You plan to deposit $300 at the end of every year for 12 years starting at the end of year 1. Then…

A: Annual deposit at the end of each year, A=$300Number of years the amount to be deposited, n1 =12…

Q: A certain business guarantees an earnings of 25,000 every month and a final addition earning of…

A: The final worth can be calculated by adding the amount of 85000 with the amount that is received…

Q: I invested $5000 and earned $300 in interest in 9 years. What was the interest rate r if interest…

A: Continuous compounding is the numerical furthest reaches that accruing funds can reach if it's…

Q: Determine the amount of money accumulated in 5 years with an initial deposit of $10,000, if the…

A: If the interest is 12% compounded monthly, then the interest rate can be calculated as follows:…

Q: Accumulate ₱53,960 at 12.6% compounded semi-annually for 5 years and 6 months.

A: Amount is compounded semi-annually, rate of interest per period is half of annual interest rate.

Q: What is the future worth of these payments for 16 years if interest is 9% in the first year and…

A: The future value if the compounding is done annually is:  FV = P (1 + R)t R : Interest rate PA…

Q: You are planning to withdraw $1500 at the end of year 4, $2000 at the end of year 6, and $2500 at…

A: Given: Year Cash flow in the year 4 1500 6 2000 8 2500 Interest rate i =10% We have to…

Q: A series of equal semi-annual payments of $1611 for 4 years is equivalent to what present amount at…

A: Compound interest refers to a type of interest that is accumulate on both the principal amount as…

Q: Find the compound interest of P 2,500 invested at 8% compounded semiannually for 5 years and 6…

A: The interest on a loan or deposit is computed using both the original principal and the interest…

Q: A new oven will save $130 per year in electricity expense. How much can we afford to pay for this…

A: An annuity's present value is what a sequence­ of future regular deposits are­ worth now. This…

Q: Nadia needs to have 59,039 dollars to buy a new car 9 years from now. How much does she need to save…

A: Nadia needs to have $59039 at the end of 9 years.Rate of interest = 7.35% per year compounded…