Lauren would like to have $55,000 saved 10 years from now. If she finds an account that offers a 3.25% interest rate compunded quarterly, what would need to be the value of her initial investment (P.V.)? $39,791.22 $53,536.27 $17,875.00 $72,575.00

Q: You have $3,500 on a credit card that charges a 15% interest rate. If you want to pay off the credit…

A: Given Information:Present value in the credit card is .Rate of interest is .Number of years is 5…

Q: Kayla would like to have $10,000 saved 15 years from now. If she finds an account that offers a…

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Q: If you were investing money in an account and the interest rate was the same either way, would you…

A: If the same amount of money is deposited and the same rate of interest is applied then: Simple…

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

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

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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: Karen wishes to have $17,730 cash for a new car 5 years from now.  How much should be placed in an…

A: Given: Karen wants $17,730 after 5 years. The interest is compounded weekly with a rate of 6%. To…

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: If $800 is borrowed and the interest after 6 months is $72, what is the annual interest rate for a…

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

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Q: Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period…

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Q: Mr. Smith buys a television that is listed for $1500. He pays $500 down and pays the balance in 12…

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Q: What is the purchase price on a car that has a $318 monthly payment for 4 years, financed at 5% per…

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Q: You want to be able to withdraw $45,000 from your account each year for 30 years after you retire.…

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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…

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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: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: To calculate the interest saved by financing the condominium for 15 years instead of 30 years, we…

Q: You bought a bond with 8% coupon rate, 10 year maturity, and $1000 par value for $1,039 one year…

A: We have coupon rate =8% Coupon Amount = face value×coupon rate=$1000×0.08=$80 Total return = (Income…

Q: usband were to die, she and her children could live on S52.500 per year. Roberta earns $13,900…

A: Insurance cover the income needs of family and secure their future as well. Consider the policy…

Q: Mary and Kevin buy a vacation home for $350,000 down and take out a 15- year mortgage for the…

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