If Bob and Judy combine their savings of $1,000 and $800​,respectively, and deposit this amount into an account that pays 7% annual​ interest, compounded monthly, what will the account balance be after 4 ​years?

A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have $42,000 when the child reaches the age of 18? Assume the money earns 5% interest, compounded monthly. (Round your answer to two decimal places.)

If Jackson deposits 100 dollars at the beginning of each month in a savings account earning interest at the rate of 8%/year compounded monthly, how much will he have on deposit in his savings account at the end of 6 yr, assuming that he makes no withdraws during that period?

If Bob and Judy combine their savings of $1,600 and $800​,respectively, and deposit this amount into an account that pays 9% annual​ interest, compounded monthly, what will the account balance be after 4 ​years?

Before they retire Bob and Beth want their savings to grow to 7.7 million. Bob and Beth have $2.4 million in cash. How many years before they can retire if they earn 7.6% per annum on their cash savings? Assume annual compounding

Carol wants to invest money in an investment account paying 8% interest compounding semi-annually. Carol would like the account to have a balance of $58,000 three years from now. How much must Carol deposit to accomplish her goal?

What payment every year should Carie deposit to her savings account in order to save $37,100 in 11.5 years if money can earn 3.19% compounded annually?

Juan plans on saving $8000 each year starting at age 25 each year through age 65 (40 years). If he earns a “gross” 8% on his savings each year, how much money will he have at retirement if his account expense ratio is: 0.50% =$???????????? or 0.05%= $?????????????