A woman deposit $290 of her quarterly checks into an annuity for the education of her child. She does this at the beginning of each quarter for 8 years into an account paying 12% per year, compound quarterly. Find the amount of the annuity and the interest earned.

Q: Eric invest $1050 every year in an annuity that pays six. Six interest compounded annually. Payments…

A:

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

A:

Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

A:

Q: You deposit $4000 each year into an account earning 5% interest compounded annually. How much will…

A:

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: $10,000 is deposited for 2 years in an account that earns 5% interest.  calculate the simple…

A:

Q: Joy invests $18,000 into an account at an annual rate of 0.6% simple interest for 36 months.…

A:

Q: A stock pays an annual dividend of $1.14 per share. Calculate the dividends paid to a shareholder…

A: The dividend paid for a stock is $1.14 per share. The number of shares a shareholder has is 305.

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

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: John invests $1,500 at 6% annual interest compounded continuously. How much is in the account after…

A: We can make it easier to get it.

Q: A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. Determine the sum of each…

A: Given A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. To Determine the sum of…

Q: You deposit $5000 each year into an account earning 7% interest compounded annually. How much will…

A:

Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: Jackie took out a $9000.00 personal loan with a 4.5% interest rate that she will pay back in 3…

A:

Q: Peter took a loan of $15000 from TD bank, the interest rate is 12% compounded monthly. Peter plans…

A: To calculate the amount of interest in the 25th payment for Peter's loan, we can use the formula for…

Q: mrs. smith invested P500,000 in a company that offers 6% interests compound annually. How much will…

A: We need to find worth of investment for 5 years.

Q: A WSU student invests $13,000 for 4 years at an annual simple interest rate of 12%. How much will be…

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 want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A:

Q: Jessica deposits $2435 at the beginning of each semiannual period for 8 years in an account paying…

A: