Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How much would you need to deposit in the account each month?

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Q: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

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Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: Find the solution to an 2an 1+ an-2 – 2an 3 , n > 3 with ao = 3, a1 = 6 and a2 = 0.

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Q: Joy invests $18,000 into an account at an annual rate of 0.6% simple interest for 36 months.…

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

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Q: find the time necessary to yield $30 on $450 at 8% simple interest. answer in months

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Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…

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Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: Let the monthly payment be P . It is provided that future value, A=10000 . The rate of interest, r…

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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Q: 5000

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Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

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Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

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Q: simple

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Q: Find the 3x3 matrix that produces the described composite 2D transformation below, using homogeneous…

A: To Determine :- The 3 × 3 matrix that produces the described composite 2D transformation below,…

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Q: Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the…

A: Given the initial value of the car at the start of the year is $30,000. The car loses 10% of the…