How much interest would you earn if you deposited $500 at 5% interest for 27 months?...

How much interest would you earn if you deposited $500 at 5% interest for 27 months? Assume interest compounded annually.
You take out a 30 year mortgage for $500,000 at 5%. You plan to pay off the mortgage in full after making your 60th monthly mortgage payment. What is the amount of principal left on the mortgage after the 60th monthly payment? Assume normal amortization.
You just inherited $9,000 and plan to save it for 6 years. What is the future value of $9,000 at 5% interest after 6 years? Assume interest compounded annually.
You want to buy a new boat in 3 years that will cost $5,000 You can earn 5% interest on your money . Mom offers to give you a lump sum today for the boat. How much does mom need to give you today so you can have $5,000 in 3 years?
You are planning to retire today. How much do you need to deposit into an investment account today in order to withdraw $10,000 per year for 20 years? Assume a 5% simple annual interest rate and a $0 balance at the end of 20 years.

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Expert Solution

jeff jeffy answered 1 year ago

Question 1 how much would you expect to have in 27 years assuming you deposited $43,216...

Question 1 how much would you expect to have in 27 years assuming you deposited $43,216 in investment that will earn 14% round answer to the nearest Penny question 2 if your friend will invest $46,093 and interest rate of 10% for five years how much will she have when the investment matures round answer to the nearest penny question 3 if you say $48,690 in an account that earns an intrest rate of 14% how much will you have...

Please demostrate!! If you have $100,000 deposited with an interest rate of 6%. How much is...

Please demostrate!! If you have $100,000 deposited with an interest rate of 6%. How much is your bank balance at the end of 1 year under the different frequency of compounding: [1] annual compounding? [2] semi-annual compounding? [3] quarterly compounding? [4] monthly compounding? [5] daily compounding? [6] continuous compounding?

you plan to save $500 monthly for 2 years earning 5%interest. how much will you end...

you plan to save $500 monthly for 2 years earning 5%interest. how much will you end up with?

If you invest $10,000 today and earn 7% per year, how much total interest will you...

If you invest $10,000 today and earn 7% per year, how much total interest will you make in 20 years? How much is simple interest and how much is due to compounding?

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9. How much interest is earned in 6 years on $8800 deposited in an account paying...

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Your older sister deposited $5,000 today at 7 percent interest for 5 years. You would like...

Your older sister deposited $5,000 today at 7 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 5.75 percent interest. How much more money must you deposit today than your sister did if you are to have the same amount at the end of the 5 years?

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How much interest would you earn if you deposited $500 at 5% interest for 27 months?...

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