eives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 18 years if it is invested at 5.6% compounded quarterly
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A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 18 years if it is invested at 5.6% compounded quarterly
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- A newborn child receives a $10,000 gift toward a college education from her grandparents. How much will the $10,000 be worth in 20 years if it is invested at 5.5% compounded quarterly?A newborn child receives a $7,000 gift toward a college education from her grandparents. How much will the $7,000 be worth in 18 years if it is invested at 5% compounded quarterly? It will be worth $. (Round to the nearest cent.)← A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 19 years if it is invested at 5.9% compounded quarterly? It will be worth $ (Round to the nearest cent.)
- Grandparents deposited $6,000 into a grandchild’s account toward a college education. How much money (to the nearest dollar) will be in the account 17 years from now if the account earns 9% compounded monthly?Brenda Young desires to have $16,500 eight years from now for her daughter’s college fund. If she will earn 12 percent (compounded annually) on her money, what amount should she deposit now?New parents wish to save for their newborn's education and wish to have $46,000 at the end of 17 years. How much should the parents place at the end of each year into a savings account that earns an annual rate of 5.6% compounded annually? (Round your answers to two decimal places.)$ How much interest would they earn over the life of the account?$ Determine the value of the fund after 10 years.$ How much interest was earned during the 10th year?$
- A couple plans to save for their child’s college education. What principal must be deposited by the parents when their child is born in order to have$80,000 when the child reaches the age of 18? Assume the money earns 8% interest, compounded quarterly.A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born to have $42,000 when the child reaches the age of 18? Assume the money earns 8% interest compounded quarterly. Round your answer to two decimal places.)Ginger Rogers deposits $3,000 a year into her retirement account. If these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?
- New parents wish to save for thier newborn's education and wish to have $36,000 at the end of 18 years. How much should the parents place at the end of each year into a savings account that earns an annual rate of 5.6% compounded annually? (round your answer to two decimal places). How much interst would they earn over the life of the account? Determine the value of the fund after 12 years.A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have 39,000$ When the child reaches the age of 18? Assume the money earns 7% interest, compounded quarterly.?round your answer to two decimal places.Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college. How much must they contribute at the beginning of each month in an investment that pays 5%, compounded monthly, if they want the balance to be $160,000 at the end of 18 years?
