Kayla would like to have $10,000 saved 15 years from now. If she finds an account that offers a 3.50% interest rate compunded quarterly, what would need to be the value of her initial investment (P.V.)? $5,929.08 $6,920.08 $7,915.70 $10,000.00

Q: ou have $5,000 on a credit card that charges 16% interest rate. If you want to pay off the credit…

A: To calculate the amount need to pay each month to repay the amount.

Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: If $10,500 is borrowed for 5 years at an annual simple interest rate of 1.73%, how much interest…

A:

Q: National Storage paid a dividend of $1.90 per share last year. If yesterday's closing price was…

A:

Q: The stock of a fast-food restaurant chain pays a dividend of $0.67. If the share price for this…

A: The objective of this question is to calculate the dividend yield of a stock. The dividend yield is…

Q: Suppose you’d like to save enough money to pay cash for your next used car. The goal is to save an…

A: Given that, to save an extra $8000 over the next three years.To find the amount of monthly payments…

Q: You have $3,500 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Credit amount Rate of interest Time period  year

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

A:

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: Wendy has set up an ordinary annuity to save for a retirement home in 10 years. If her monthly…

A: Monthly payments = $400Ordinary annuity has an annual interest rate = 5.4%Time = 10 years

Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

A: Given that ,principal amount that investedP=$25,000the rate of interest r=5%=5100=0.05time in…

Q: If money is worth 14%, what payment on August 29 would be equal in value to a payment of $86,900 due…

A:

Q: Springfield florist plans to replace it's delivery vehicle in three years . If they set aside $16000…

A:

Q: Find the simple interest of $1,000 borrowed at 6% for 4 years.

A: Given: The principal amount = $1000. The rate of interest = 6%. The time =4 years.

Q: interest and agreed to pay it off over a 2 year period, how much would your monthly payment be?

A:

Q: You owe $2300 on a credit card with 21% APR if you want to pay it off in 18 months, how much would…

A: Loan amortization formula is  A=Pi1+in1+in-1 Where A is periodic payment amount, P is loan amount,…

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

A: ANSWER :

Q: s a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an…

A: This is a basic question testing the application of compound interest. We just have to plug-in the…

Q: If you plan to buy a car in 2 years and expect to need $2000 for a down-payment, how much should you…

A: Future value of ordinary annuity  FV=R1+in-1i Where 'R' is regular periodic deposit amount, 'i' is…

Q: o create a college fund for your child. Suppose you find a fund that offers an APR of 6%. How much…

A: We are given: APR=6%=0.06A=Amount after time t=$89000n=Number of months in a year=12Y=Number of…

Q: Johnson Trucking Company wil have a $40,000 payment due in 5 years. How much would they need to…

A: Thanks for the question :)And your upvote will be really appreciable ;)