You want to start to save for a major purchase. You can invest P320 every three months for 3 years and 9 months and you can earn 5.34% compounded quarterly. What is the amount of interest that you make during the entire term? 95346.01 B5275.58 O B951.66 O B964.36

Q: Skippy wants to have $15,000.00 in 8 years. His bank is offering an account that earns 2% compounded…

A: Future value, F=$15000 Time, t=8 years. Interest rate, i=2%=0.02 Compounded frequency, m=12

Q: ). How much will Katie need to save each month if she wants to put $55,000 down in cash on a hous In…

A: Formula for the annuity is  FV=R1+in-1i We are given FV=$55000n=2×12=24i=61200 (since 1 year = 12…

Q: K $2000 is deposited in an account that pays an APR of 8.3% compounded annually. How long will it…

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Q: (a) Find the amount in the account at the end of 1 year. $0 (b) Find the amount in the account at…

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Q: You have decided to start saving for college and open up a 529 account. You invest $5,000 into the…

A: Given :Invest Amount=P=$5000Rate =r=2%=0.02Time =t=5 year

Q: Labors wants to buy a boat five years from today. She will need $40,000. Lanita wants you to…

A: Step 1: Given Value for Calculation Compound = Semiannually = 2Time = t = 5 * 2 = 10Future Value =…

Q: Samuel opened a savings account that pays 1.8% interest compounded monthly with S7,000. If he leaves…

A: The mathematical formula for calculating compound interest depends on several factors. These factors…

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: Vladimir invests $3,800 in an account that earns interest at an annual rate of 6% compounded…

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Q: your bank pays 4% interest, compounded semiannually. Use Table 12-1 to find the value (in$) of $500…

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Q: You open a brand-new savings account January 1, 2021. every paycheck you earn you deposit $25 into a…

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Q: 4. Maryam has $6800 in a daily-interest savings account. The account pays an annual interest rate of…

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Q: What amount should be deposited today to buy for a P 216,000.00 house and lot in 6 years? The bank…

A: We need to find the amount that should be deposited today to buy for a P 216,000.00 house and lot in…

Q: Appa deposits $1000 in an account earning 3.8% interest compounded monthly. How much will Appa have…

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Q: You can afford monthly deposits of $170 into an account that pays 2.7% compounded monthly. How long…

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Q: Liza borrows 15,000Php for 3 years and agrees to pay 6 % compound interest for this period. What…

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Q: ractice what you learned in the previous activity by answering these questions. uppose $2700 is…

A: Given query is to find the amount after 10 years.

Q: monthly. a. How much is the value of these 10 equal deposits after 9 months from today? b. If…

A: Deposited Amount 15000.00 Time period  9 Months Interest  7% value   after 10 months

Q: What is the total interest earned, including compound interest, if you left $500 in a savings…

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Q: You deposit $5000 into savings account that earns 0.6% compounded monthly. If you don't any…

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Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: A local university received a $500,000.00 gift to establish an endowment fund for a student…

A: Answer:- value of the fund 56 years from now = 500,000 *[(1+0.02/2)^(2*8) ]=586289.322462…

Q: Mrs. Rees decides to invest $250 each month into an account that earns 1.8%/a compounded monthly.…

A: Mrs. Rees decides to invest $250 each monthrate=r= 1.8%/atime = 5 years

Q: Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded…

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Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

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Q: 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years…

A: