John and Rosamond want to retire in 5 years and can save $170 every three months. They plan to deposit money at the end of each quarter into a account paying 6.72% compounded quarterly. How much will they have at the end of 5 years? Round to nearest cent.

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Q: John and Rosa want to retire in 10 years and can save $170 every 3 months. They plan to deposit the…

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Q: You deposit $5000 each year into an account earning 7% interest compounded annually. How much will…

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Q: Kelly paid off his student loan in 3 years by making payments of $650 at the beginning of every…

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Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

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Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

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Q: Lily has $550,000 saved for retirement in an account earning 2.05% interest, compounded quarterly.…

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Q: A local university received a $500,000.00 gift to establish an endowment fund for a student…

A: Answer:- value of the fund 56 years from now = 500,000 *[(1+0.02/2)^(2*8) ]=586289.322462…

Q: Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the…

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Q: Mrs. Rees decides to invest $250 each month into an account that earns 1.8%/a compounded monthly.…

A: Mrs. Rees decides to invest $250 each monthrate=r= 1.8%/atime = 5 years