If $1500 is deposited at the end of each quarter in an account that earns 4% compounded quarterly, after how many quarters will the account contain $80,000? (Round your answer UP to the nearest quarter.) quarters

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

Q: An amount of $43,000 is borrowed for 6 years at 6.5% interest, compounded annually. If the loan is…

A: Interest is compounded annually, therefore n=1

Q: If $7000 is deposited at the end of each half year in an account that earns 6.8% compounded…

A:

Q: If $6000 is deposited at the end of each half year in an account that earns 6.8% compounded…

A:

Q: If $200 is borrowed with an interest of 18.0% compounded monthly, what is the total amount of money…

A: Given: Principal amountP0=$200, r=18% we know that total amountP to pay back is given by…

Q: If $4000 is deposited at the end of each half year in an account that earns 6.7% compounded…

A: According to the given information it is required to find the number of half years it will take so…

Q: If $4500 is deposited at the end of each quarter in an account that earns 8% compounded quarterly,…

A:

Q: If $3000 is deposited at the end of each half year in an account that earns 6.5% compounded…

A: Given that the annual deposited amount P=$ 3000   Amount of annuity A=$ 130000   Rate of interest…

Q: If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D) monthly;…

A:

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

A:

Q: An amount of $29,000 is borrowed for 15 years at 8.25% interest, compounded annually. If the loan is…

A:

Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: Given:

Q: How much interest will an account earn if you deposited $715 semi-annually for 11 years and the…

A:

Q: A woman wishes to save$20,000 for a down payment on a home. She can afford to set aside $1500 per…

A: A woman wishes to save$20,000 for a down payment on a home. She can afford to set aside $1500 per…

Q: If you invest $150 each month into an account earning 3% compounded monthly, how long will it take…

A: Here the required formula is given by,                                 A=d1+rnnt-1rn           ...…

Q: A homeowner planning a kitchen remodeling can afford a $900 monthly payment. How much can the…

A:

Q: Suppose an annuity will pay $16,000 at the beginning of each year for the next 4 years. How much…

A:

Q: Sumi Kato's savings account has a balance of $1,596. After 21 years what will the amount of interest…

A:

Q: In order to pay for college, the parents of a child invest $30,000 in a bond that pays 9% interest…

A: Given : P = 30,000 r = 9% = 9/100 = 0.09  t = 19 Semi-annually means  n = 2

Q: Knowing he has cancer, Dier has created a fund to provide an annual scholarship to his children of…

A: we have given the type of ''increasing annuity'. Now, According to given information: Annual…

Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

A: The value of r compounded monthly , r=4% compounded monthly=412%  Number of months in each quarter =…

Q: A homeowner planning a kitchen remodeling can afford a $200 monthly payment. How much can the…

A:

Q: If $3500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A: Lets use the final value formula, FV=P{[1 + R]N - 1/ R}=FV OF $1 PER PERIOD. Given, FV = 60,000 P =…

Q: if $3000 is deposited in an account paving 3% compounded quarterly, how much interest will the…

A:

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

A:

Q: A homeowner planning a kitchen remodeling can afford a $400 monthly payment. How much can the…

A:

Q: If $15,000 is invested at 6% compounded quarterly, what is the amount after 5 years? The amount…

A:

Q: If $4000 is deposited at the end of each half year in an account that earns 6.2% compounded…

A: Given that, If $4000 is deposited at the end of each half-year in an account The rate of interest is…

Q: If $6000 is deposited at the end of each half year in an account that earns 6.4% compounded…

A:

Q: If $19,000.00 is invested in an account for 30 years.. Find the value of the investment at the end…

A:

Q: A homeowner planning a kitchen remodeling can afford a $800 monthly payment. How much can the…

A: Let's use the annuity formula   We need to calculate the PV

Q: If Jackson deposits $180 at the end of each month in a savings account earning interest at a rate of…

A: Monthly Compounding:

Q: young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…

A:

Q: If $6000 is deposited at the end of each half year in an account that earns 6.7% compounded…

A:

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of…

A: Given,  P = $80 R = 3% = 0.03 n= 12 t=4

Q: If Jackson deposits $80 at the end of each month in a savings account earning interest at a rate of…

A: According to the given informationAmount deposited (P) = $80Rate of interest (R) = 2% per annumTime…

Q: If $2500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: The amount $2500 is deposited at the end of each quarter in an account that earns 5%…

Q: A homeowner planning a kitchen remodeling can afford a $700 monthly payment. How much can the…

A: The compound interest formula is defined as follows. A=P1+rnnt   where, A is the final amount P is…

Q: If $4500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly,…

A:

Q: If $4500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly,…

A: Given: Money deposited at the end of each quarter= 4500$ Rate at which interest is compounded…

Q: If $9000 is deposited at the end of each half year in an account that earns 6.1% compounded…

A: Given Data - Deposited amount (R) = $9000 Amount of annuity (S) = $200,000 Rate of interest ( i )…

Q: If $2,000 is invested for 5 years at 8% compounded quarterly, how much interest (in $) will be…

A:

Q: If $2000 is deposited at the end of each half year in an account that earns 6.4% compounded…

A: After 34 half years

Q: If $7000 is deposited at the end of each half year in an account that earns 6.6% compounded…

A: Given,                      FV=$170,000 A =$7000   t= 2 [Compounded semi-annually]   i=6.6%=0.066

Q: Suppose an annuity will pay $19,000 at the beginning of each year for the next 3 years. How much…

A: Formula of Annuity: PV=P×1-1+r-nr where PV= Present value of an ordinary annuity P= Value of each…

Q: If $3,300 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

A:

Q: If $17,000 is invested at 6% compounded monthly, what is the amount after 6 years? The amount after…

A:

Q: If $6000 is deposited at the end of each half year in an account that earns 6.3% compounded…

A:

Q: An amount of $28,000 is borrowed for 15 years at 7.5% interest, compounded annually. If the loan is…

A:

Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.