Calculate how much needs to be invested in a no-load mutual fund that yields 5% if $28,750 is needed each year. (Round your answer to the nearest whole number.) Investment amount $

Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: It is given that, principal amount invested is P = $3600, percentage rate is r= 0.43%, No of times…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $233 per month…

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Q: 7) You deposit $3,000 into a savings account. You earn 4% interest compounded annually. Complete the…

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Q: Retirement Ray contributes $1000 to an individualretirement account (IRA) semiannually. What will…

A: Individual retirement account

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: You decide to make monthly payments into a retirement fund earning 4.75% compounded monthly.  Note:…

A: Given-  Monthly deposit, PMT = $240 Rate, r = 4.75% = 4.75100 = 0.0475 Amount, A = $338,000 Number…

Q: Find the total value of the investment after the given time period. $10,000 at 3.25% for 5 years…

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Q: You have $500,000 saved for retirement your account earn 7% interest how much will you be able to…

A: Payout annuity

Q: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

A: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

Q: Alice charged $800 worth of merchandise one year ago on her credit card, which has an APR of 12%…

A: It has an APR of 12% compounded monthly. She made 12 monthly payments of $20, at the end of each…

Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

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Q: Find the final amount of money in an account if $4600 is deposited at 3% interest compounded…

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Q: You deposit $5000 into an account that pays 6% interest, compounded quarterly. How much money will…

A: We need to find the amount after 10 years and how much time  will it takes to reach $16000

Q: Find the present value of the investment. (Round your answer to the nearest cent.) worth $13,000…

A: Given: Future value is $13000. Time is 2.5 years. Simple interest is 5.25% per annum. To find:…

Q: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

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Q: You deposit $3000 in an account earning 8% interest compounded monthly. How much will you have in…

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Q: If you finance $15,000 for 3 years at 6% compounded monthly, the monthly payments will be…

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Q: Find the balance if $30000 is invested in an account paying 4.5 % interest compounded semi-annually…

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Q: A furniture set is purchased with a downpayment of 75,000 php, and the balance at 10,000 php a month…

A: Let's find.

Q: Calculate the Return on Investment of an investment of 100, which returns 53 at the end of year 1…

A: This is a problem related to percentage calculation. Please follow the procedure given below.

Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

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