5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest and (b) 11% compound interest, each calculated annually?

Q: Mary wants to accumulate $42,000 in a fund with payments of $2,100 made at the end of every quarter.…

A: We know that the formula is A=P1+rnnt where A=total amount,P=initial principal amount,r=rate of…

Q: What size payments should occur when $8,000 is borrowed at 8% per year compounded quarterly and the…

A: Given: The present value of the loan, PV=$ 8,000           Number of payment periods, n=8…

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Q: Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20…

A: if you find my answer helpful please put thumbs up. thank you. the required solution is given below…

Q: The government has set up a fund for physically handicapped persons who are unable to work. A…

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Q: You want to receive ​$400 at the end of every six months for 5 years. Interest is 11.8% compounded…

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Q: c) How long will it take for a sum of money lent at 5.70% simple interest become double of itself?…

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Q: A company deposited $5,500 into an investment fund at the beginning of every quarter for 4 years. It…

A: Effective quarterly rate,  r=1+0.0450123-1=1+0.003753-1r=1.011292 a)  n=4×5=20 quarterly…

Q: . Key has set up a fund in order to have $20,000 in 18 years for his children’s college education.…

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Q: 4. Amir invests $1000 at an annual compound interest rate of 2% for 10 years. How much is Amir's…

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Q: 5. If you deposited $1500 into an account that paid 2% interest, compounded monthly, what would be…

A: Please refer to the image below

Q: d) Sofea is saving for the down-payment on a house and plans to buy the house in 3 years. How much…

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Q: To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?

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Q: Find the orthogonal projection of v onto the subspace W spanned by the vectors u. (You may assume…

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Q: 1. Kaman deposits $675 at the end of each year into an account that earns 5.4% per year compounded…

A: According to the given data, find the amount of after 3years:

Q: Clarissa saved RM17,500 in a bank account which offers an interest rate of 6.3% compounded monthly.…

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Q: 1) James wishes to put $400 into a savings account at the beginning of each three-month period…

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Q: A woman deposits $14,000 at the end of each year for 11 years in an account paying 5% interest…

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Q: What equal payments in 3 years and 4 years would replace payments of $35,000 and $75,000 in 7 years…

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Q: If you pay $8,800 for a 20-year zero coupon bond with a face value of $48,000, what is your annual…

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Q: 11. Find the interest earned if $3,000 was deposited at 4% annual interest compounded annually for 8…

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