# math

posted by .

you intend to create a college fund for your baby. if you get an interest rate of 5.3% compounded monthly and want the fund to have \$123,875 after 17 years, how much needs to be deposited each month?

and 1 more

jessica used a fixed installment loan from bank. she borrowed \$13,500 and has 60 monthly payments of \$280.24. instead of making 36th payment she paid remaining balance on loan. what is total amount due to pay off balance? use actuarial method u=(n*p*v)/100+v

## Respond to this Question

 First Name School Subject Your Answer

## Similar Questions

1. ### math 140

You intend to create a college fund for your baby. If you can get an interest rate of 5.3% compounded monthly and want the fund to have a value of \$123,875 after 17 years, how much should you deposit each month?
2. ### ctu

Diane works at a public university. She contributes \$625 at the end of each month to her retirement fund. For the past 10 years, this fund has returned 3.84% a year, compounded monthly. a. Assuming the 3.84% rate continues, how much …
3. ### math

diane works at a public university and contributes \$625 per month in her retirement fund. the fund returns 3.84% a year, compounded monthly. how much will she have in her account after 15 years. b. the economy gets better and the return …
4. ### Algebra business

Diane contributes \$625 at the end of each month to retirement fund. For the past 10 years this fund has earned 3.84% a year. Compounded monthly, assuming the 3.84% rates continue, how much will she have in her retirement account after …
5. ### Finance - Loans problem please help

A company borrows \$170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company …
6. ### Please Help me with a Finance - Loan problem

A company borrows \$170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company …
7. ### maths

Felicity has just commenced work and is investigating superannuation funds. She calculates that she will need \$1 000 000 in her fund when she retires in 40 years. She finds a fund guaranteeing to pay interest on each deposit at a rate …
8. ### maths

Felicity has just commenced work and is investigating superannuation funds. She calculates that she will need \$1 000 000 in her fund when she retires in 40 years. She finds a fund guaranteeing to pay interest on each deposit at a rate …
9. ### MATH

Tiffany invested \$725 at the end of every month in an investment fund that was earning interest at a rate of 4.74% compounded monthly. She stopped making regular deposits at the end of 10 years when the interest rate changed to 6.69% …
10. ### Math

to establish a college fun, what lump sum must be deposited in order to have \$30,000.00 in the fund at the end 0f 15 years?

More Similar Questions