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Solve the problem. Round to the nearest cent. P-A A = Pert nt 40) Brad wants...
Solve the problem. Round to the nearest cent. A nt P= A-p2.5) James and Susan wish...
Solve the problem. Round to the nearest cent. A nt P= A-p2.5) James and Susan wish to have $10,000 available for their wedding in 2 years. How much money should they set aside now at 6% compounded monthly in order to reach their financial goal? 55000.00 $10,616.78 S8871.86 $9419.05
QUESTION 5 Brad wants to have $11,350 available as a down payment for a house in...
QUESTION 5 Brad wants to have $11,350 available as a down payment for a house in 4 years. How much must he deposit now at 7.7% compounded monthly to reach that goal? Round final answer to the nearest cent (2 decimal places)
Use the compound interest formulas A=P(1+r/n)nt and A=Pert to solve the problem given.
Use the compound interest formulas A=P(1+r/n)nt and A=Pert to solve the problem given. Round answers to the nearest cent.Find the accumulated value of an investment of $15,000 for 5 years at an interest rate of 7 %if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously.a. What is the accumulated value if the money is compounded semiannually?b.What is the accumulated value if the money is compounded quarterly?c. What is the accumulated value if the...
Round to the nearest cent (Solving for PMT of an annuity) To pay for your child's...
Round to the nearest cent
(Solving for PMT of an annuity) To pay for your child's education, you wish to have accumulated $15,000 at the end of 10 years. To do this you plan on depositing an goal? equal amount into the bank at the end of each year. If the bank is willing to pay 14 percent compounded annually, how much must you deposit each year to reach your To reach your goal, your annual deposit must be(Round to...
please answer correctly nt Use the compound interest formulas A=P and A=Pento solve the problem given....
please answer correctly
nt Use the compound interest formulas A=P and A=Pento solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% if the money is a compounded semiannually; b.compounded quarterly. c. compounded monthly, d. compounded continuously. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent. Do not include the $ symbol...
Question 35 5 pts Solve the problem. Round to the nearest cent. If Bob deposits 55000...
Question 35 5 pts Solve the problem. Round to the nearest cent. If Bob deposits 55000 at the end of each year for 13 years in an account paying interest compounded annually, find the final amount he will have on deposit 5105,07533 501.41069 559.41061 554.349.71 Previous
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 availab...
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how much does she need to invest now ina CD paying 4.15% interest compounded monthly? Jane needs to invest $now (Round to the nearest cent as needed.)
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how...
Don Williams wants to buy a boat five years from today. He will need $40,000. Calculate...
Don Williams wants to buy a boat five years from today. He will need $40,000. Calculate how much he needs today to put in the bank (10% compounded semiannually) to reach his goal in the future. (Round your answer to the nearest cent.)
Ingrid wants to buy a $15,000 car in 5 years. How much money must she deposit...
Ingrid wants to buy a $15,000 car in 5 years. How much money must she deposit at the end of each quarter in an account paying 5.9% compounded quarterly so that she will have enough to pay for her car? How much money must she deposit at the end of each quarter? SI (Round to the nearest cent as needed.)
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000 for 3 years at 8% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $100,000 4 4 $0.00 Need Help? Read It Talk to a Tutor 10. -11 points HarMathAp 126.5.025. A couple who borrow $50,000 for 20 years at 8.4%, compounded monthly, must make monthly payments of $430.75. (Round your answers to the nearest cent (a) Find their unpaid balance after 1 year...
Solve the problem. Round to the nearest cent. A nt P= A-p2.5) James and Susan wish to have $10,000 available for their wedding in 2 years. How much money should they set aside now at 6% compounded monthly in order to reach their financial goal? 55000.00 $10,616.78 S8871.86 $9419.05
QUESTION 5 Brad wants to have $11,350 available as a down payment for a house in 4 years. How much must he deposit now at 7.7% compounded monthly to reach that goal? Round final answer to the nearest cent (2 decimal places)
Round to the nearest cent
(Solving for PMT of an annuity) To pay for your child's education, you wish to have accumulated $15,000 at the end of 10 years. To do this you plan on depositing an goal? equal amount into the bank at the end of each year. If the bank is willing to pay 14 percent compounded annually, how much must you deposit each year to reach your To reach your goal, your annual deposit must be(Round to...
please answer correctly
nt Use the compound interest formulas A=P and A=Pento solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% if the money is a compounded semiannually; b.compounded quarterly. c. compounded monthly, d. compounded continuously. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent. Do not include the $ symbol...
Question 35 5 pts Solve the problem. Round to the nearest cent. If Bob deposits 55000 at the end of each year for 13 years in an account paying interest compounded annually, find the final amount he will have on deposit 5105,07533 501.41069 559.41061 554.349.71 Previous
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how much does she need to invest now ina CD paying 4.15% interest compounded monthly? Jane needs to invest $now (Round to the nearest cent as needed.)
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how...
Don Williams wants to buy a boat five years from today. He will need $40,000. Calculate how much he needs today to put in the bank (10% compounded semiannually) to reach his goal in the future. (Round your answer to the nearest cent.)
Ingrid wants to buy a $15,000 car in 5 years. How much money must she deposit at the end of each quarter in an account paying 5.9% compounded quarterly so that she will have enough to pay for her car? How much money must she deposit at the end of each quarter? SI (Round to the nearest cent as needed.)
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000 for 3 years at 8% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $100,000 4 4 $0.00 Need Help? Read It Talk to a Tutor 10. -11 points HarMathAp 126.5.025. A couple who borrow $50,000 for 20 years at 8.4%, compounded monthly, must make monthly payments of $430.75. (Round your answers to the nearest cent (a) Find their unpaid balance after 1 year...
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