You promise your nephew that you will give him $1 on his first birthday and double that amount every year until he is 18 years old. How much money will you give him on his 18th birthday? $324    $131,072    $262,144    $125,016

Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: Round to the nearest tenth of a year. years

A:

Q: You deposit $980 in a savings account paying 3.8% simple interest. How much interest will you earn…

A:

Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…

A:

Q: You have $500,000 saved for retirement. Your account earns 5% interest. How much will you be able to…

A:

Q: You borrowed $120,000 for a house and will have to pay $1,090 a month for 15 years. True or False:…

A: We can say it true or false with reason as below.

Q: You deposit $5000 each year into an account earning 4.1% interest. How much will you have in the…

A: Please find the answer in next step.

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: A bank account increases the amount of money in the account by 4% each year. Initally, $1,500 is…

A: Recall: Formula for Future value     FV=PV1+rn We have, PV=$ 1,500, r=4%=0.04, n=5 years

Q: You deposit $1550 in a savings account paying 3.7% simple interest. How much interest will you earn…

A:

Q: A patient has $220 of the $240 Medicare 2024 deductible. The patient receives a service with a…

A: The objective of this question is to determine the amount the patient is responsible for paying…

Q: Judah is going to deposit $5000.00 in and account that earns 4% interest for 20 years. How much more…

A:

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A:

Q: You deposit $1500 in a savings account paying 4% simple interest.How much interest will you earn in…

A: The objective of this question is to calculate the simple interest earned over a period of 7 years…

Q: If there is 24% increase on a $39 item, then how much is the new cost for next year? Round to the…

A: The objective of this question is to find out the new cost of an item after a 24% increase on its…

Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

Q: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

Q: A $100.00 check that is cashed at a rate of $7.00, at what rate did you cash it?

A: Given that: Fee paid to cash a $100 = $7

Q: After retiring, you want to be able to take $1000 a month for a total of 15 years from your…

A:

Q: Johnny found a job at McDonalds with a starting salary of $27,000. He is guaranteed a raise of 4.75%…

A: