Student E saves his allowance worth of P 25,000 and promised to use it only when it reaches the amount of P 45,000. How many years does Student E needs to wait when his money is invested at 8% compounded quarterly?
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Student E saves his allowance worth of P 25,000 and promised to use it only when it reaches the amount of P 45,000. How many years does Student E needs to wait when his money is invested at 8% compounded quarterly?
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- How long would it take for Nico to save an adequate amount for retirement if he deposits R40,000 per year into an account beginning one year from today that pays 12 percent per year if he wishes to have a total of R1,000,000 at retirement?David invests $300 into an account with a 2.3% interest rate that is compounded semiannually. How much money will he have in this account if he keeps it for 10 years? Round your answer to the nearest dollar. Provide your answer below:8. An amount of P 250,000 is deposited now into a savings account that earns 8% per year. This amount will take care for the yearly allotment of a grandmother until shedies. The first allotment will be one year after the deposit is made. How much can thegrandmother withdraw every year?
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- Kyle needs to have ₱ 37,000,000 for retirement in 10 years. His account earns 3% interest. How much would he need to deposit in the account each quarterTak wants to save $10 000 for a vacation. He deposits $150 at the end of each month for 4.5 years in an account that earns 8.7% per year compounded monthly. Will Tak have enough money saved at the end of 4.5 years? Why? Paragraph В I U + vDanny is saving towards his vacation. He has determined that the total cost including airfare and accommodation will amount to $5,000. a. If he sets aside $400 per month from his salary, starting from the end of this month, in an account that pays interest of 9% per annum, will he have enough to make the trip at the end of the year? b. How much more will he have in the account if he made his first deposit of $400 today? What kind of annuity is this?