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

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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: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

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: find what simple interest rate will be necessary for sonny to get a 50% return on a $500 investment…

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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: 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: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

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

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Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

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: A couple deposits 24,000 into an account earning 5 percent annual interest for 20 years. Calculate…

A: Given, P=24000   Interest  =r= 5% Time =t =20 years The investment compounded daily. n=365

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…