QUESTION 4 pu will deposit 18,285 at 10% simple interest rate for 6 years, and then move the amount you would receive to an investmer count at 12 % compound rate for another 3 years. How much money would you have at the end of the entire period ?
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A: * SOLUTION :- (5)
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A: Solving with explanation
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A: Hi! Thanks for the question but as per the guidelines, we answer only one question at one time.…
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A: Given information: Deposit amount = $1000 Interest rate = 5% Half yearly interest rate = 5%/2 = 2.5%
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A: answer was attached below
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A: Answer to the question is as follows:
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Q: Please show work
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- How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3 years?Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.
- How much would have to be deposited today if you wish to have an account balance of at least $10,000 after 5 years if the account earns 8.0% interest compounded annually? Be sure to include a cash flow diagram.M purchased a small lot in a subdivision. paying P200 000 down and promising to pay P15 000 every 3 months for the next 10 years. The seller figured interest at 12% compounded quarterly. If M missed the first 10 payments what must he pay when the 11th payment is due to discharge his entire indebtedness?Use the add-on method of calculating interest to find the total interest and the monthly payment. Amount of Loan Length of Loan Interest Rate 3.5% $1050 18 months The total interest is $ (Type an integer or decimal rounded to the nearest cent as needed.) The monthly payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to the nearest cent as needed.) 80 Q C F5 MacBook Air C F6 F7 DII F8 8 F9 J F10 F11 Next F12
- You buy a car for $27000. You get a loan at 7% interest compounded yearly. You will have 60 equal monthly payments of 5543.63 each month. How much total interest will you have payed on the car loan once all of your payments are complete..Rafael invested $2,000 in a business that yields an annual interest rate of 10% compounded continuously. How much would he get. approximately at the end of 5 years from his investment?John paid $500 per month for 20 years to pay off a mortgage on his house. If his down payment was $5,000 and interest rate was 6% compounded monthly, what was the purchase price of this house? do it fast
- Suppose you want to withdraw $1500 every 6month from an account that's pays 14% interest compounded twice a year you want to make a withdrawal over a 5 years period find the deposit you should makeYou borrow $ 27965 at 12.25 % interest compounded monthly. If you are unable to make any payments for 5 years, how much do you owe at the end of 5 years? No rounding off to interest rate and round off your final answer to 2 decimal places.Please solve in 20 minute Kyle wants to save $15,000 so he can take a trip to Australia when he graduates from college three years from now. How much must he contribute to a savings plan at the end of every month if the plan earns 4% compounded monthly?