You want to have $16,500 in 10 years. You will invest how much into an account that has an annual rate of 4.2% compounded daily? Round your answer to two decimal places. Do not include the $ sign in your answer. Assume 365 days per year. Your Answer:

Q: You apply for a $3000 loan at 4.5% simple interest rate to be paid back in for 3 years. What is 4.5%…

A:

Q: Pim borrows $200 at 11% per annum compounded quarterly for 6 years. Determine the interest due on…

A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

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

A: We have given,

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: Gerald invested 150,000 at 35% for 2 1/2 years. a. How much interest will he earn? Prove your…

A: We will use the formula SI = PRT100 Here P = 150000R = 35T = 52

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: Given: Rate of interest 6% compounded monthly Amount A =$4000 interest rate r=6%=0.06 n=12 t=5 years…

Q: You invest $5000 at 6% interest, compounded semi-annually. How long will it take to double your…

A: Find out the time that it takes to double the investment.

Q: Find the amount of compound interest earned. 5) $5000 at 6% compounded annually for 3 years

A: Recall the following fact.

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: You can afford monthly deposits of $120 into an account that pays 2.4% compounded monthly. How long…

A:

Q: Nancy has $700 in a savings account. She makes no additional deposits or withdrawals. Nancy earned a…

A:

Q: You invest $49,010 in an account earning 5.26% APR, compounded daily. How much total interest is…

A:

Q: Bill saved 42,000 in an account with an annual interest of 5%.  The amount of money in the account…

A: Given Principle is 42000 Interest pa 5% Compondes quarterly. Final amount is 62000

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…