If Tyler needs to have $1 7000 to buy a car in 4 years, how much money would he have to place into an account paying 5% compounded continuously?

Q: Gem plans to purchase an e-bike in 6 months so they open an account earning an annual interest of…

A: We have to find how much money is needed to open the account in order to reach the goal using given…

Q: Find the investment needed today to make $ 100,000 in 5 years with a simple interest rate of 8% per…

A: Given data÷ A=$100,000 t=5 years r=8% =0.08 per year

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: A $5000 investment is made in a savings account that pays 10%/a compounded quarterly. How long will…

A:

Q: Suppose you want to accumulate $25,000 as down payment on a house and the best you can do is to put…

A: The number of monthly installments required to get a certain FV n=ln(Fvi+cp)-ln(cp)ln(c+i)-ln c FV =…

Q: John requires $3000 in 6 months to pay off a loan that has no prepayment privileges. If he has the…

A: Given : John requires $3000 in 6 months to pay off a loan that has no prepayment privileges. So,…

Q: If you deposit $300 now in a savings account and increase your deposits by 10% each month, how much…

A:

Q: Suppose you invest $190 at the end of each month for 6 years into an account earning 6% annual…

A: Given:Principal (P)=$190rate (r)=6%/100=0.06/12months=0.005n=6 years x 12= 72Formula:FV=P*(1+r)n-1…

Q: Christine contributes $ 100 each month to her 401K account. To the nearest dollar, what will…

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Q: Emily would like to accumulate $205,000 for his retirement in 11 years. If he is promised a rate of…

A: Emily would like to accumulate $205,000 for his retirement in 11 years. He is promised a rate of…

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: Howard University’s School of Business will need several new commercial printers in 2 years and Dean…

A: Consider the provided question, Given, P = $60,000 Time = 2 years Rate of interest = 6% = 0.06…

Q: If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest…

A: The compound interest formula is A = P1 + rnnt In the formula, A = Accrued amount (principal +…

Q: Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in…

A:

Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

A:

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: A company needs $3,600,000 in order to expand their factory how much should the company invest each…

A: Given, FV=$3600000 r=9.4%/52 n=52×14

Q: If it takes 12 years and 5 months to double your money (compounded quarterly), how long would it…

A: To determine the time t it will take for the investment to double.

Q: A contractor has $650 worth of electrical material on the shelf in stock for 3 consecutive years. If…

A: Where A is the amount after time t P is the initial investment R is the rate of interest t is the…

Q: Michael invests $2000 in the bank at a rate of 5.5% for 6 years how much interest will he make?

A:

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: Peter invested her savings in a bank at 4.75% compounded quarterly. How much money did she invest to…

A: Given :  Withdrawal is made in beginning of every 6 month.So it is Annuity due.Withdrawal Amount (P)…