If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest today at 5 4 % /a compounded semi-annually?

Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…

A: The formula to calculate amount to be deposited in the account is shown belowwhere A is the…

Q: Gallant invests starting at age 25 until he retires at age 65. If he invests $2400 each yearat 9.6%…

A: J

Q: How long will it take to save $20,000 by making deposits of $100 at the end of every month into an…

A:

Q: Amelia is going to invest in an account paying an interest rate of 2.3% compounded quarterly. How…

A:

Q: You have saved $7,000 towards the purchase of a car costing $9,000. How long will the $7,000 have to…

A: solution of the given problem is below ...

Q: A company needs $6,500,000 in 7 years in order to expand their factory. How much should the company…

A: We will find out the required weekly payment.

Q: If you invest $100 each month into an account earning 4.5% compounded monthly, how long will it take…

A:

Q: Suppose you want to accumulate $350,000 for your retirement in 20 years. You find an investment that…

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Q: Morris’s parents would like to retire in 20 years with a total of $400000. How much would they need…

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Q: Zola wants to save 10,000$. How much will she have to put away every 6 months at 6.6%a compounded…

A: Given that The Future value FV=$ 10000 Interest rate r=6.6%=6.6100=0.066Compounded semi annually ,…

Q: A company needs $4,900,000 in 11 years in order to expand their factory. How much should the company…

A: Given: A company needs $4,900,000 in 11 years in order to expand their factory and investment earns…

Q: You inherited $12,000 from your Great-Uncle Michael.  If you invest it and average an 8% annual rate…

A: Amount compounded annually

Q: John needs $20,000 for college 6 years from now. He is investing $6,000.00 and expects to receive…

A: Solution is given below:

Q: John wants to accumulate at least $35,000 by depositing $1,900 at the end of each month into a fund…

A: The formula that we have to use here is A = d1+rknk-1rk Where A is the final amount, d is the…