Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35% compunded quarterly. He would like to save or the next 5 years and then take his money out. What would be his balace at the end of the 5 years?   $9,354.20       $7,211.74       $5,671.30       $5,604.00

Q: Cody borrowed $9100.00 from his credit union. He agreed to repay the loan by making equal monthly…

A: Solution:

Q: Miroslava has $100,000 to invest in a saving account. She receives a steady interest rate of 3.75%…

A: option b is correct  at the end of 15 years Miroslava have balance $175,500.40 using the formula for…

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A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

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A: Here is the Answer and Explanation

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A: Given information Principal = $30000 Time = 8 years Interest rate = 7.25%

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A: This is a compound interest problem. The correct option here is option (B) Solution provided below

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Q: Find the principal if the interest is ₱3500, the rate is 4.5% and the time is 1.75 years.

A:

Q: Fritz buys a car costing $10,500. He agrees to make payments at the end of each monthly period for 8…

A: P = 10500 r = 9.6% = 9.6/100 = 0.096 t = 8

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A: We can make it easier to get it.

Q: You deposit $200 monthly in a saving plan with APR of 6% for 10 years.  How much would your…

A: The APR stands for annual percentage rate which represents the rate at which the amount will…

Q: You have $400,000 saved for retirement. Your account earns 10% interest. How much will you be able…

A: Value(P) = $400,000  Interest (r) = 10%  = 0.10 Time (t)= 15 years  Payout annuity :  P = PMT * (1-(…

Q: Jackie took out a $9000.00 personal loan with a 4.5% interest rate that she will pay back in 3…

A:

Q: Jenny start saving for retirement. She contributes $300 per month with an APR OF 2.99%. She plans to…

A: Given: Jenny contributes $300 per month with an APR OF 2.99%. She plans to do this 35 years before…

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A:

Q: You make a payment of $300 at the beginning of each month into an account that 3.6%annual interest.…

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Q: Johnny found a job at McDonalds with a starting salary of $27,000. He is guaranteed a raise of 4.75%…

A:

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Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :