What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a compound amount of $50,000, 6 years from today? How much interest will be earning during this period?

Q: an insurance settlement of 750,000 must replace an injured workers income for the next 40 years.…

A: Given that, The insurance settlement amount, P=750,000. The rate of interest, r=6.2%. The time…

Q: What sum must be deposited today at 8 percent per year compounded annually if the goal is to have a…

A: When the interest is compounded, then the formula used is A=P1+rnnt, where, A is the final amount, P…

Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A: Solution

Q: How much should she set aside now

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Q: How much money will be in your account three years after the previous deposit? If you make six…

A: The given data is: P=$2000 r=10%t=3 years Given that compounded semi-annually, therefore Interest…

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

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Q: (b) If $2000 is invested today at 8% compounded quarterly, how much would it be worth in 2030? 2022…

A: b) Given : r=8% = 0.08     P = $2000     n = 4 ( quarterly )     t = 2030 - 2022 = 8 years  So…

Q: How much should Rebecca have in a savings account that is earning 3.50% compounded semi-annually, if…

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Q: How much must be deposited now to withdraw $4,000 at the end of each year for 20 years if interest…

A: Calculate the present value of an ordinary annuity by using tables use the following steps. Step 1.…

Q: Oliver is going to invest $2,500 and leave it in an account for 18 years. Assuming the interest is…

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Q: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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Q: . With a present value of $135000,what is the size of the withdrawals that can be made at the end of…

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Q: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

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Q: How much do you need to invest at the beginning of each of the next 60 months in order to have a…

A: Since the given amount of $100,000 is deposited at beginning of each month, it is annuity due.Then…

Q: If a savings fund pays interest at a rate of 2% per year compounded semiannually, how much money…

A: The amount to be invested is calculated using the formula,

Q: If $30,000.00 is invested 6 1/4%(six and one fourth percent) compounded quarterly for 8 years, how…

A: Given,            P = $30,000.00  ; r = 614%=254%=0.0625 and time = 8 years

Q: 17. If Joe deposits $800 in an account paying interest at an annual rate of 6% compounded quarterly,…

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Q: If you retire at the age of 65 with $1,000,000 sitting in an account that pays 9% p.a interest…

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Q: If $8,000 is invested at 3% compounded quarterly, what is the amount after 5 years? The amount after…

A: Given that, P = $8000 r = 0.03 n= 4 t = 5 years The formula for calculating the compound interest…

Q: Knowing he has cancer, Dier has created a fund to provide an annual scholarship to his children of…

A: we have given the type of ''increasing annuity'. Now, According to given information: Annual…

Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

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Q: s) How much should be invested now so that in 10 years there will be $7,000 in an punt that offer a…

A:

Q: An amount of $44,000 is borrowed for 8 years at 4.75% interest, compounded annually. If the loan is…

A: A=P(1+r)t P is the amount borrowed.r is the rate of interest.t is the time.

Q: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…

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Q: An amount of $37,000 is borrowed for 10 years at 4.25% interest, compounded annually. If the loan is…

A: Given information:- An amount of $37,000 is borrowed for 10 years at 4.25% interest, compounded…

Q: If Amy needs $15,000 in years 6 for a down payment on a home how much should be invested today at…

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Q: If $15,000 is invested at 6% compounded quarterly, what is the amount after 5 years? The amount…

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Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: An employee wants to retire and receive 5 000 a month. She wants to pass this monthly payment to…

A: The provided information is  A=5000 i=8%=0.08 The the formula for perpetuity is  P=AiA=the interest…

Q: An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be…

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Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

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Q: How much money should Bryan invest today into a fund that earns interest at 5.75% compounded…

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Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

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Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

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Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How…

A: There are multiple question, As per company policy ask other question separately . P = initial…

Q: How much should a business save at the end of every quater if they need $100,000 in 5 years to pay…

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Q: How much monthly deposit must be made for 5 years and 5 month in order to acccumulate $120,000 at…

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Q: . An investment fund pays 12% per year, compounded monthly, on all money invested. How much must be…

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Q: If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would it take to save…

A: The savings obtained by investing an amount P at an interest rate of r % (compounded monthly) for t…

Q: How long was P30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

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Q: A student opens a credit card and immediately maxes it out by putting $2,000$2,000 on it in order to…

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Q: Morgan is going to invest $8,200 and leave it in an account for 10 years. Assuming the interest is…

A: A=$16500 P=$8200 t=10 years n=12 (compounded monthly) We have to found intrest rate

Q: 4. Find out how many months it will take for 1000 taka to grow to 20000. Given 6% annual interest…

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Q: ompounded continuously. Sarah invested $8,400 in an account paying an interest rate of 4 1/8%…

A: Answer and explanation is given below...

Q: How much money should I save in an account paying 5% interest compounded monthly if I want to have…

A: This question can be solve by using formula F=P1+rt Here' F=Future amount P=present amount r=rate of…

Q: If $5,000 is invested at 4% compounded quarterly, what is the amount after 9 years? The amount after…

A: According to the given information:The amount invested (P) = $5,000Rate of interest (r) = 4% =…

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years

Q: How many years would it take for a debt of $22,338 to grow into $41,932 if the annual compound…

A:

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.