You want to invest $5400 in an account and plan to leave it there for 4 years. There are four options for investing your money. Account C pays 8.1% interest per year, compounded every second (31,536,000 times per year). For each account, determine the account value (in dollars) after 4 years. Look at the preview values before submitting your answer so you can compare them. Account C: $

Q: You have a credit card that has a balance of $12,000 at an APR of 18.99%. You plan to pay $600 each…

A: Solution:-The loan amount on the credit card i.e. PV =$12000APR =18.99% p.a. i.e. 18.99/12 =1.5825%…

Q: Eileen earned $45 in annual interest from a savings account with a 3.5% annual interest rate.…

A: Eileen earned $45 in annual interest from a savings account with a 3.5% annual interest rate.…

Q: A person buys a boat for $32,750. The boat loses value at a rate of 4.2% per year. What will the…

A: Given: The boat price is(Amount)=$32,750 Rate of interest(loses value)=4.2% To find: The value of…

Q: You put ​$200 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A:

Q: $350 is borrowed at a rate of 2.5% simple interest for 3 years. How much interest will be paid?

A:

Q: Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment account…

A: Given   Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment…

Q: Tom invests $5,000 in an account that pays simple interest of 3%. Find the interest earned after 8…

A:

Q: Vince deposits $680 into a savings account that earns interest at a rate of 5.5% monthly. In seven…

A: Given: Vince deposits $680 into a savings account that earns interest at a rate of 5.5% monthly for…

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the…

A: Given the initial value of the car at the start of the year is $30,000. The car loses 10% of the…

Q: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

A:

Q: You save 500 each month by depositing into an account earning 7% monthly. After 15 years you stop…

A:

Q: Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She…

A: The future value of the investment in the IRA is given by the formula:Here,P is the periodic deposit…

Q: An investment pays simple interest, and triples in 17 years. What is the interest rate

A:

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: You put $399 per month in an investment plan that pays an ApR 6%. How much money will you have after…

A: Given: PMT=$399 APR=6% money after 15 years =?

Q: You put ​$350 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A: let   P = $350 the principal invested r = 0.045 or 4.5% annual interest rate   t = 21 years

Q: Jimmy deposits $4000 at a bank with an interest rate of 4.5% per year and he has no plans of…

A: From the given information, the principal investment is P=$4000, interest rate r=0.045, and n=1 and…