math
posted by kayla .
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
Similar Questions

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? 
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 … 
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 … 
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 … 
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 … 
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 … 
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 … 
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 … 
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% … 
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?