(a) The value of a car depreciates by 25% in a year. What will a car, currently priced at $43,000, be worth in a year’s time?

Q: 12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What will be…

A: Given deposited amount =$3000 , rate =5% and time 10 year We have to find value of CD after 10 year

Q: You invest $500 into an account that collects 1% interest each month. If you add an addi- tional $50…

A: Solution: If you invest $ 500 in an account you will collect at the end the monthly rate of interest…

Q: Parents wish to have $80,000 available for a child's education. If the child is now 5 years old, how…

A: The formula for the compound interest is given by, A=P1+rnnt where, A is the final amount, P is the…

Q: Parents wish to have $160,000 available for a child's education. If the child is now 10 years old,…

A: The formula for the future value is given by FV=PV1+rnnt  where PV is the present value, r is the…

Q: If $12000 had been invested in a certain investment fund on September 30,2008, it would have been…

A: compounded interest formula A=P(1+rn)nt A=53625.75 P=12000 r=? t=10 years n=1 (compounded annually)…

Q: 13. If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A: Given: Frank invests $11,400 at 3.7% interest compounded quarterly. To find: Investment's worth in 9…

Q: If a company wanted to save each year $4500 for 6 years, but not start saving until year 4, in order…

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Q: What nominal rate of interest, compounded monthly, corresponds to an  effective rate of 4.5% ?

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

Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…

Q: A newborn child receives a $5,000 gift toward a college education from her grandparents. How much…

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Q: 3. If interest is compounded quarterly, how much will P100,000 be at the end of one year at 12%?

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Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…

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Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

A:

Q: At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to…

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Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: f you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

A: In this question, the concept of compounded interest is applied. Compounded Interest  Compound…

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: A newborn child receives a $20,000 gift toward a college education from her grandparents. How much…

A: Given that  A baby recives 20000 Interest rate is 7% for 17 years  To find the amount will receive…

Q: n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded…

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Q: What is the simple interest rate on a $2100 investment paying $771.75 interest in 10.5 years?…

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Q: Adam wishes to have $20,000 available in 18 years to purchase a new car for his son as a gift for…

A: Adam wishes to have $20,000 available in 18 years to purchase a new car for his son as a gift for…

Q: You want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: If you invest $7,000 in an account paying 3% interest compounded quarterly: how much will be in the…

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Q: 4. When Sarah was 7 years old, her parents invested $10 000 for her in a plan that earns 5 % per…

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Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.1%…

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Q: What principal would you need to invest at a rate of 7% to earn $150 in 9 months? Round your answer…

A: To find: principal amount

Q: Suppose a new car is purchased for $68,000 and depreciates by 22% over the first year of ownership.…

A: Given query is to find the amount deprecated per mile.

Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

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Q: If the rate of interest in Example 2 was 6% instead of 1.2%, how much will the account have after 24…

A: Principal Investment (P) =$1000 Rate of interest (R) = 6% per annum = 612% per month=12% per month…

Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: How much can be paid in scholarships at the end of each year if $200 000 is deposited in a trust…

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Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: Blue Spruce Motel will need to replace all of its bedding in six years, at a cost of $20,000. How…

A: Blue Spruce Motel will need to replace all of its bedding in six years, at a cost of $20,000.

Q: Sarah deposited $15,000 in an investment fund that was growing at a rate of 3.00% compounded…

A: Please refer to the image below

Q: the

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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: How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balance…

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Q: In how many years will an investment of P2000 double in amount if the interest rate is 14.35%…

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Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

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Q: What is the value of an asset after 8 years of use if it depreciates from its original value of…

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Q: A student takes out a college loan of $6000 at an annual percentage rate of 3%, compounded monthly.…

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Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old ,…

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Q: What interest rate, compounded quarterly, is equivalent to a 9.31% effective interest rate?

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Q: 1.Martha invest $8500 at an annual rate of 5% compounded quarterly per year. How much money will she…

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Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old,…

A: Total years when child is of 18 =18-3 =15 yearrate =7% compounded semi annuallyLet they set  aside…

Q: What nominal rate, compounded semi-annually, yields the same amount as 16% compounded quarterly?

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Q: In how many years will ₱15,000 double itself at the rate of 10% simple interest?

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Q: A student takes out a college loan of $6000 at an annual percentage rate of 5%, compounded monthly.…

A: GIVEN: Student takes out a college loan of $6000 Rate = 5% monthly