Find out how much a retirement account based on principal of $98787 compound 4% quarterly after 30 years is worth ? Round your answer to 2 decimal places.

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

Q: Find out how much a retirement account based on a principal of $95578 compounded 5% quarterly after…

A: Amount in account after t quaters =     P1+rthere r is the rate of interest and P is the principal…

Q: Suppose you deposit $1050 into an account earning 3.4% simple interest for 21 months. How much is in…

A: Formula used: The future value of investment of principle amount P after t years by simple interest…

Q: Mike deposits $5,000 in a 3-year CD account that yields 1.5% interest, compounded weekly. What is…

A: A=P1+rnnt

Q: A recent college graduate moves back in with their parents and invests their entire first year…

A: Given:              Money Invested (Principal)P: $48,000                                   Interest…

Q: You want to be able to withdraw $20,000 from your account each year for 20 years after you retire.…

A: Given: Withdrawable amount= $20,000 for 20 years. Expected retirement=3 years. interest rate 4%.…

Q: Adam wishes to have ​$19,000 available in 22 years to purchase a new car for his son as a gift for…

A: Recall the following fact.

Q: Find the final amount of money in an account if $4,900 is deposited at 7.5% interest compounded…

A: Topic = Algebra

Q: Six and a half years ago, Jenna invested $2,500 in a retirement fund that grew at a rate of 6.5% a…

A:

Q: Find the final amount of money in an account if $8, 200 is deposited at 5.5 % interest compounded…

A: For compound interest we use formula A=P1+rnntWhen P is initial amount investedr is the rate of…

Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…

A:

Q: A woman wishes to save$20,000 for a down payment on a home. She can afford to set aside $1500 per…

A: A woman wishes to save$20,000 for a down payment on a home. She can afford to set aside $1500 per…

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Doris is retiring today and she plans to buy a new car for $25,000 seven years from now and a second…

A: Given that, Doris is retiring today and she plans to buy a new car for $25,000 seven years from now…

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A: As per our guidelines we are supposed to answer only one question. Kindly repost other question as…

Q: What is the final amount of money in an account if $8,800 is deposited at 6.5% interest compounded…

A:

Q: Robin, who is self-employed, contributes $6500/year into a Keogh account. How much will he have in…

A: Future value of the annuity gives the net worth after n years if  P dollars invested each year at i…

Q: Tony Ring wants to attend Northeast College. If he deposits $59,528 today, how much will he have 5…

A:

Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

A:

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A:

Q: Grandma wants to give you $540 at the beginning of each month while you are at school for 3 years.…

A: We know that, Future value = PMT × p {[(1 + r/n)(nt) - 1] / (r/n)} where, PMT is the periodic…

Q: A recent college graduate moves back in with their parents and invests their entire first year…

A: Given  formula, A=P1+rnnt where, A = the future value of the investment, including interest P = the…

Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

A: The loan amount is $8,000. APR is 4%. Interest per month is 4%/12 = 0.3334%=0.00334 The monthly…

Q: What is the total interest earned, including compound interest, if you left $500 in a savings…

A:

Q: Grandma wants to give you $500 at the beginning of each month while you are at school for 3 years.…

A:

Q: Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in…

A:

Q: Donald Trumptobe decided to build his own dynasty. How much does he have to deposit so that his…

A:

Q: Your parents invested $3,000 into a savings account for you in 2008. If the account earns 4.5%…

A: Compound interest Formulae A= P1+rnnt, Where p = principal , r =rate of interest , n=4compound…

Q: Abby and George are setting up a college fund for their newborn daughter and want to have $150,000…

A: Use compound interest formula

Q: The owner of Oak Hill Squirrel Farm deposits $1,000 at the end of each quarter into an account…

A: We will find out the required value.

Q: If Jackson deposits $60 at the end of each month in a savings account earning interest at a rate of…

A: Jackson earn 2% /year compounded monthly. Here we have to find the deposit in his saving account at…

Q: An account is opened with an initial deposit of $100 and earns 3.0% interest compounded monthly.…

A: From the given data

Q: Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in…

A:

Q: What is the total amount of money in an account where $500 is invested at an interest rate of 9.25%…

A:

Q: Robin, who is self-employed, contributes $5500/year into a Keogh account. How much will he have in…

A: Present value (PV) = $5000 per year   Time = 20 years   Intrest rate = 5.5% per year

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A: As per our guidelines we are supposed to answer first three subparts. Kindly repost other parts as…

Q: John and Rosamond want to retire in 15 years and can save $160 every three months. They plan to…

A:

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A:

Q: Find the final amount of money in an account if $9, 200 is deposited at 4.5 % interest compounded…

A: I have done solution in detail as much as possible...so that you can understand easily...hope you…

Q: At the age of 24, you start depositing $200 each month into an IRA that pays 3.75% interest,…

A:

Q: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

A: Principal amount, P = $9000 beginning of year Rate  of interest, R = 5% Time period, t = 10 Time…

Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: John and Rosamond want to retire in 5 years and can save $180 every three months. They plan to…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Find the final amount of money in an account if $4, 700 is deposited at 2.5 % interest compounded…

A: solution:-

Q: Nicole deposited $4,400 into a savings account earning 6% interest compounded quarterly. If she…

A:

Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

A:

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

Q: Robin, who is self-employed, contributes $6000/year into a Keogh account. How much will he have in…

A: Given, Robin, who is self-employed, contributes $6000/year into a Keogh account

Q: How much was the initial amount of a loan if ₱ 354,000 was paid after 6 years with 8.5% rate of…

A:

Q: For her 1st birthday, Ruth's grandparents invested $700 in an 18-year certificate for her that pays…

A: Given: For her 1st birthday, Ruth's grandparents invested $700 in an 18-year certificate for her…