eriodically in order to make the account last the specified amount of time. Round your answer to the nearest cent. Account balanc

Use PMT = to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance of S$3600 and an annual interest rate of 12%. You decide to pay off the balance over five years. If there are no further purchases charg -nt7 1- 1+ a. How much must you pay each month? b. How much total interest will you pay? a. The monthly payments are approximately S- (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The total interest paid over 5 years is approximately S (Round to the nearest dollar as needed.) Enter your answer in each of the answer boxes

Assume that you have a balance of $4600 on your Discover credit card and that you make no more charges. Assume that Discover charges 26% APR and that each month you make only the minimum payment of 2.3% of the balance. What will the balance be after 10 years? Enter your answer rounded to the nearest cent. balance after 10 years: $

If you deposit $1,000 in an account that earns an APR of 5% compounded once per year a) How long will it take for an initial deposit to triple  b) How much will you have after 20 months? Please answer fast I give you upvote

How much would you need to deposit in an account each month in order to have $40,000 in the account in 10 years? Assume the account earns 2% interest. S Submit Question Search 1

You currently have $9,200 in an account with an interest rate of 7.5% per year compounded monthly. You want to withdraw all your money when it reaches $17,480. In how many years will you be able to withdraw all your money?  Round your answer to 1 decimal place.

Your credit card charges an APR of 29% on your balance. Interest is compounded on a daily basis, 365 days a year. If you made the minimum payment of $150 per month on your credit card balance, how long will it take you to pay off a $5,000 balance? Multiple Choice   5.82 years   2.98 years   9.56 years   35.73 years   6.61 years Show all the calculation steps and formulas if necessary

Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) PMT= $ $200,000 at 5%, paid out quarterly for 14 years X Need Help? Read It

Find the size of the monthly bank payment: P=$75,000 interest= 7 3/4% time= 4 months

You expect to have the given amount in an account with the given terms. Find how much you can withdraw periodically in order to make the account last the specified amount of time. Round your answer to the nearest cent. Account balance: $500,000 Interest rate: 2.1% Frequency monthly 21 years Time: Periodic Withdraw: $