How much money must be deposited in a savings account each month to reach a goal of having $10,000 after 5 years, if the bank pays 6% compounded quarterly? ans($ to the nearest dollar)

jerry bought a house for $400,000 and made an $80,000 down payment. the rest of the cost was paid with a 30 year loan. payments were paid monthly. the nominal annual interest rate was 6% after 10 years he sold the house and paid the remainder of the loan balance.   A- what was his monthly loan payment?    B- what was the loan payoff amount?

Complete solution please

Compute the effective annual rate of interest (a) for 6% compounded monthly; (b) at which $1100 will grow to $2000 in seven years compounded monthly. Please write to text formet answer

You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the money

Suppose you take out a car loan of $15,000 with an interest rate of 15% compounded monthly. You will pay off the loan over 36 months with equal monthly payments.(a) What is the monthly interest rate?(b) What is the amount of the equal monthly payment?(c) What is the interest payment for the 15th payment?(d) What is the total interest paid over the life of the loan?

Scott deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 4 years and changed to 4.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years?

2.5 To purchase a new truck, you borrow $42,000. The bank offers an interest rate of 7.5% compounded monthly. If you take a 5-year loan and you will be making monthly payments, what is the total amount that must be paid back? a. What is the number of time periods (n) you should use in solving this problem? b. What rate of interest (i), per period of time, should be used in solving this problem?

Typed plz and Asap thanks

Jim Duggan made an investment of $10,000 in a savings account 10 years ago. This account paid interest of 5 1/2% for the first 4 years and 6 1/2% interest for the remaining 6 years. The interest charges were compounded quarterly. How much is this investment worth now?