Your Cd pays a return of 5.95 & Apr Compounded daily.  a) Find the Periodic Interest. b) Find the future value of the CD for an initial investment of 21,250 dollars for a term of 32 months.

Q: Find what simple interest rate will be necessary for Sonny to get a 40% return on a $500 investment…

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Q: DETERMINE the original value of an investment that has matured to $1, 000 after 8 years with an…

A: To determine the original value of an investment that has matured to $1, 000 after 8 years with an…

Q: Angela deposits $⁢5500 into an account with an APR of 2.4% for 7 years. Find the future value of the…

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Q: You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the investment…

A: To find- You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the…

Q: find the maturity value of an investment of $1200 invested at 6% simple interest for 5 years

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Q: Charley’s credit card APR is 28.95% compounded daily. What is her actual interest rate per year?

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Q: P7,500.00 earning 9% interest, compounded daily for 3 years

A: Given: P=7500 r=9%=0.09 Compounded daily, n=365 t=3 years

Q: to retire a bond of $100,000.00 in 5 years what amount needs to be deposites at 8%.

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Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: Find the present value that m deposited now to amount to 24,500 in 5 years at 8%

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Q: Jessica opens an ordinary annuity that earns 5.4% compounded monthly. He deposited each month. How…

A: Given that the future value FV=$ 24,000Interest rate  r=5.4%=5.4100=0.054compounded monthly…

Q: blake contributed $508 at the end of every 3 months into an RRSP fund earning 3.52% compounded…

A: Answer  Step by step approach to calculate the future value of the fund at end of 7 years is given…

Q: Kristy Joe deposits $150 each month in an ordinary annuity to save for a new car. If the annuity…

A: We will find out the required savings for given ordinary annuity.

Q: Please calculate the amount and interest from $15,000 at 8% for 2 years compounded quarterly using…

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Q: How much loan will be extinguished for a monthly amortization of P4, 500.00 at 12% interest…

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Q: Find the present value of 9,000 at a simple interest rate of 7% in 18 years?

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Q: Robert deposited $3000 into an account paying simple interest at a rate of 1.85% A. Give the future…

A: Simple interest formulae:

Q: You won the lottery today and immediately deposit your funds into an investment account that earns…

A: By the formula of payout annuity due P0=d×1-1+rm-n×mrm×1+rm where P0 is Balance in the account at…

Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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Q: Find the maturity value and amount of interest earned on a investment of $900 invested for 3 years…

A: We have direct formula for compound interest formula

Q: I will invest P15,000 per quarter for my retirement at 7.3% compounding quarterly for 10 years. I…

A: Here,  Pmt=15,000r=7.3%n=4t=10

Q: Ruth opens a savings account at 8% compounded semiannually and deposits $2,000 every 6 months for 10…

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Q: Carolyn invests $8000 at an annual rate of 7% compounded daily for 6 months. what is the future…

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Q: Suppose you want to accumulate 120,00 for your retirement in 30 years. Make a single deposit into an…

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Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

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Q: Blake contributed $584 at the end of every 3 months into an RRSP fund earning 3% compounded…

A: The future value is the value of an investment or sum at a specific point in the future, taking into…