At the beginning of each of the last three years, Lucas put $7,000 from his earnings as a waiter into a college savings account that earned 1.7% interest compounded annually. Now he will spend an estimated $21,600 to attend his local community college for 2 years and not take out a student loan. Complete the table to determine whether Lucas has saved enough money to attend community college. Year 2 3 Beginning balance $0 Amount deposited $7,000 $7,000 $7,000 New balance $7,000 Amount of interest earned$ Ending balance $ $ Lucas (select) v enough money to attend community college. %24 %24 %24 %24
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- My Blackboard MTH101 B01 - QUANTITATIVE LITERACY (Fall 2021 Credit Courses) Homework Homework 1.3 Homework 1.3 Score: 0/19 2/8 answered X Question 3 > Score on last try: 0 of 1 pts. See Details for more. > Next question 2 Get a similar question You can retry this question below You deposit $6000 in an account earning 5% interest compóunded monthly. How much will you have in the account in 15 years? $ 8,540.57 Question Help: Message instructor Submit Question МacBook Air 000 D00 F6 F5 F4 esc F2 F3 F1 %24 并Learning SE MINDTAP evo/index.html?deploymentid=60338517901669990751687760&elSBN=9780357517642&nbld=3626933&snap... ☆ lomework 6300. 1 mancial Lailuialvi vi a spicoubnicel. Hide Feedback Correct X f6 Quantitative Problem 1: You plan to deposit $2,200 per year for 6 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 4 b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 6 Hide Feedback Incorrect F Check My Work Feedback Review the FVAN definition and its equation. Q Search Understand the difference between an ordinary annuity and an annuity due. Be careful about the order of mathematical operations if using the equation. If using a financial calculator, be…все Google Chrome - D... My Learning Progre... N Northwestern Univ... Solution Manual Fo... Business Law Question 28 of 40 View Policies Show Attempt History < Current Attempt in Progress X Your answer is incorrect. 0/0.3 Your grandfather has agreed to deposit a certain amount of money each year into an account paying 7.90 percent annually to help you go to graduate school. Starting next year, and for the following four years, he plans to deposit $2,350, $8,600, $7,200, $6,600, and $12,150 into the account. How much will you have at the end of the five years? (Round answer to 2 decimal places, e.g. 15.25.) Future value at end of five years eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Q Search 41719.11 GUND Attempts: 1 of 3 used Submit Answer
- V Content Pearson (Assignments) - MA Ô https://www.mathxl.com/Student/PlayerTest.aspx?testld%3D225147196 3 103 Spring 2021 st: Test 2 (Finance) Online nis Question: 1 pt 5 of 19 (1 complete) ▼ How much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% Sshould be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)Don't use Excel to Answer Please Answer By Typed Mathmatecia or Hand written on Paper Ques→Darcie deposits $500 at the end of every six months to save for school. How much will she have after 5 years if interest is 5.7% compounded monthly? a. $5697.82 b. $5106.96 c. $5701.43 d. $8730.65TOPIC: ENGINEERING ECONOMICS SPECIFIC INSTRUCTION: Solve each problem NEATLY and SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places. PROBLEM: Find the exact and ordinary interest on Php 5,000 at 19 % for 30 days.
- Quiz | Readine Classroom M Frontier Aca demy. 8th grade-Symbal.. Request edit access 9. You are going to buy your first house, you have saved $4,000 to put down and have been qualified for a 20 or 30 year loan at a rate of 4.5% interest. You are recently out of college and not making much money yet so you want to keep your monthly payment low. You can afford a monthly payment of $900. a. What price house could you afford if you did a 20 year loan? b. What price house could you afford if you did a 30 year loan? C. You decide to do the 30yer loan. After 10 years you sell your home for $220,000 and pay off the rest of the loan on your house how much money do you make?= Homework: Homework 3 HW Score: 40%, 6 of 15 points O Points: 0 of 1 Question 11, 7.5.6 Jane was due to make loan payments of $1310 seven months ago, $3382 three month ago, and $716 in four months. Instead, she is to make a single payment today. If money is worth 7.4% and the agreed focal date is today, what is the size of the replacement payment? The replacement payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Score released: REIN300 Assess x E BFIN300 Assessment 2 m/forms/d/e/1FAlpQLSc5SjbreWzC0 VZPB352KWagrUU-yugkfRTKBEPK laptive Math | Ad. O New Tab X 1. Sarah now has $2,000. How much would she have after 2 years if she leaves it invested at 2% with annual compounding?* O a) $2,081 Ob) $2,800 O c) $2,900 O d) $245 e) None of the above Correct answer O a) $2,081
- 2 A family spends $46,000 a year for living expenses. If prices increase by 2 percent a year for the next three years, what amount will the family need for their living expenses after three years? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) CheckFMfcgxwLsmmztLTTFHnxfgtfwHRqwdvc?projector=18&messagePartld=0.3 Homework Assignment #3 Due in drop box 4/8 by 11:59 p.m. Chapter 6 2. John Walters is comparing the cost of credit to the cash price of an item. If John makes an $80 down payment and pays $35 a month for 24 months, how much more will that amount be than the cash price of $685? 5. A work-at-home opportunity is available in which you will receive 3 percent of the sales for customers you refer to the company. The cost of your "franchise fee" is $600. How much would your customers have to buy to cover the cost of this fee? Chapter 7 7. Which mortgage would result in higher total payments? Mortgage A: $985 a month for 30 years Mortgage B: $780 a month for 5 years and $1,056 for 25 years end F12 home prt sc F10 F6 F7 F8 F9 F11 F3 F4 F5 %23 % 5 6 7 8 9= Homework: Homework 3 Using the simple interest formula, determine the number of days until $1256.00 will earn $22.14 interest at 8-% p.a. The number of days required is (Round up the final answer to the nearest day as needed. Round all intermediate values to six decimal places as needed.)