Suppose you want to have $400,000 for retirement in 30 years. Your account earns 8% interest.a) How much would you need to deposit in the account each month?$ b) How much interest will you earn?

Q: You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years.…

A: Here given  Principle amount P=$100 rate r=6.3% time t=30 years,

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: A stock pays an annual dividend of $1.14 per share. Calculate the dividends paid to a shareholder…

A: The dividend paid for a stock is $1.14 per share. The number of shares a shareholder has is 305.

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: $350 is borrowed at a rate of 2.5% simple interest for 3 years. How much interest will be paid?

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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: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: A man wants to set up 529 college savings account for his daughter . How much would he need to…

A: Given that a man wants to set up 529 college savings account for his daughter and the account in…

Q: you rented an aparment for 810 per month for 7 years. what is the toal amount you paid in rent?

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Q: Consider the region bounded by the line y = 3, the curve y = Setup an integral with respect to x…

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Q: How much money will be in the account of Mr. Jinyoung Park at the end of three years, if he invested…

A: Given:- If invested ₱5,000 in an account paying 8% annually for three years To find:- How much money…

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Q: A person has ​$1,264 in your bank account that is paying an interest rate of 2.7​% ​(0.027​) per…

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Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 6% interest. a) How…

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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: Calculate the amount of money you'll have at the end of the indicated time period, assuming that you…

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Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in…

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Q: What is the interest earned on a principle of $250 at 3% interest for 9 years? O $67.5 O $675 O…

A: p=$250 r=3% t=9 years