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.

Q: John and Rosamond want to retire in 15 years and can save $150 every three months. They plan to…

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Q: You know you will have $1,000,000 in your account when you retire. You want to be able to take…

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Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12%…

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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: Jamie plan to make payments of $9000 into a account on the last day of this and every year until his…

A: Consider the given information.

Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 4%…

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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 $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

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

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Q: Hayley invested $18,500.00 into an account paying a ridiculous 10% compounded quarterly. How much…

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Q: $10,000 is deposited into an account that pays 2.4% interest compounded quarterly. How much money is…

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Q: To save for graduate school, a student invests $1470 semiannually in an ordinary annuity with 3%…

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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: Brad invests $6,700.00 in an account paying 6% compounded monthly. How much is in the account after…

A: Given that Brad invests $6700.00 in an account paying 6% compounded monthly. Find how much is in the…

Q: You can afford monthly deposits of $170 into an account that pays 2.7% compounded monthly. How long…

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Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

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Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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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: 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