- If you borrow 550 from a credit union at 14 annual interest and 200 from a bank at 15 annual interest what is the effective annual interest rate that is what single rate of interest on 750 would result in the same total amount of interest round your answer to one decimal place?
- Compound interest if dollar sign 15 450 is put in a money market account that pays 5 1 a year compounded continuously how much will be in the account in 13 years round your answer to two decimal places the amount in the account after 13 years is dollar sign
- If juan puts 10 000 in a savings acount that yields 10 percent compounded semiannually how much money will he have in the account in one year?
- A you need to accumulate 10 000 for a trip you wish to take in four years you are able to earn 8 compounded semiannually on your savings you plan to make only one deposit and let the money accumulate for four years how would you determine the amount of the one time deposit
- I need someone to that has 10 000 dollars to put into my savings account and keep it there for only 16 months with interest i will not touch?
- You deposit 500 in a savings account paying 4 interest continuously compounded how much will the account be worth after 32 months
- If i deposit 800 into the bank july 2009 how much interest would i have now?
- You plan to deposit 500 in a bank account now and 300 at the end of one year if the account earns 3 interest per year what will the balance be in the account right after you make the second deposit
- If i put 30000 in a roth how much interest will it accumulate in 5 years?
- An individual earns an extra 1500 each year and places this money at the end of each year into an individual retirement account ira in which both the original earnings and the interest in the account are not subject to taxation if the account has an annual interest rate of 7 9 compounded annually how much is in the account at the end of 50 years round your answer to the nearest cent
- If you desposit 10000 in a bank account that pays 10 percent insterest?
- One bank pays 5 5 percent annual interest while a second bank pays4 5 percent annual interest determine how much longer it will take toaccumulate at least 50 000 in the second bank account if you deposit 1000 initially and 1000 at the end of each year
- If you deposit 1 000 today in a bank account paying 10 how much will you have in one year if you need 2 000 in one year how much do you have to deposit today assume 10 return?
- You deposit 6 000 a year starting one year from today for four years into a savings accountpaying 6 per annum that is four deposits of 6 000 per year how much money will you have immediately after you make your fourth and final deposit
- If you deposit 15 000 in a bank account that pays 10 75 interest annually how much would be in your account after 17 years?
- Problem 5 1 future valueif you deposit 10 000 in a bank account that pays 10 interest annually how much would be in your account after 5 years round your answer to the nearest cent
- If one makes 476 00 in interest at 3 percent how much is in account?
- You make 6 000 annual deposits into a retirement account that pays 10 3 percent interest compounded monthly
- If you deposit 1000 in a bank account that pays 12 interest annually how much would be in your account after 6 years?
- 1 if you deposit 10 000 in a bank account that pays 10 interest annually how much will be in your account after 5 years
- If i deposit 55 000 in an account earning 10 per year?
- You put 40 000 in an account earning 5 after 3 years you make another deposit into the same account four years later 7 years after initial 40 000 the account balance is 80 000 what was the amount of the deposit at the end of year 3
- If you deposit 1000 in a bank account that pays 105 interest annually how much will be in your account after 5 years?
- Tanisha wants to have 1000 in her bank account in 5 years how much money should she deposit if her account earns 6 interest which is compounded 2 times per year
- If you are 20 and on your 20th birthday you start investing 2 000 annually on your birthday for just 9 years into an account earning 10 interest per year even if you don t put in another penny after that initial 9 years how much will you have in 40 years at the ripe old age of 60?
- Future value of annuity problem you deposit 10 000 into a retirement account at the end of the next 10 years earning 9 interest what is the future value of your retirement after 10 years
- How long will it take for your initial investment of 2 325 to reach 12 100 if the money is invested in an account that pays an interest rate of 8 every year?
- Mr wilson invested money in two accounts his total investment was 40 000 if one account pays4 in interest and the other6 in interest how much does he have in each account if he earned a total of 2 100 in interest in 1 year
- How much money will tom and tricia have in 45 years if they do nothing for the next 10 years?
- Determine the amount of money to the nearest dollar you must invest now at 7 per year compounded annually so that you will be a millionaire in 40 years
- When you graduate college at the age of 20 you want to start saving up for retirement if your investment pays a fixed apr of 9 and you want to have 2 5 million when you retire in 45 years how much would you need to deposit on a monthly basis to reach this goal assume an ordinary annuity?
- Peter harris sets up an ordinary annuity account with his credit union starting a month from today he will deposit 100 per month and deposit will earn 5 1 per year compounding monthly find a the value of peter s account 10 years from today b the total of all deposits over the 10 years and c the total interest earned
- If an equal monthly deposit of 800 is made into an account for nine years with the first deposit made one month from now determine the amount in the account after nine years if the interest rate is a 12 compounded monthly b 12 compounded continuously c 12 compounded yearly?
- Suppose you make equal quarterly deposit of 1 500 into a fund that pays interest at a rate of 6 per year compounded monthly find the balance at the end of year 2
- What are the four annual deposits that canden should make at the beginning of each year round your answers to the nearest whole dollar?
- Marnie makes regular annual payments of 5 000 to her individual retirement account ira if the amount of interest she earns is 5 6 per year determine the future value of the account after 35 years round to the nearest cent
- If on your 21st birthday you begin putting 100 every month into a retirement account that earns 8 percent annually compounding every six months what would your account balance be by the time you turn age 65?
- You deposit 1 000 today and want to save 100 each month beginning one month from today your account earns a 5 percent annual interest rate how long will it take you to accumulate 5 000
- Is sip starts with 2500 permonth?
- Hannah would like to make an investment that will turn 8000 dollars into 25000 dollars in 8 years what quarterly rate of interest compounded four times per year must she receive to reach her goal
- Do banks offer a plan that pays 7 interest guaranteed for 7 years?
- A person deposits 6000 per year into a retirement account which pays interest at 8 per year determine the amount of money in the account at the end of 30 years
- If you borrow 500 from a credit union at 8 annual interest and 200 from a bank at 15 annual interest what is the effective annual interest rate that is what single rate of interest on 700 would result in the same total amount of interest round your answer to one decimal place?
- Sandy sets aside 10000 at the beginning of each year into a bank account that pays an annual effective interest rate of 5 5 she makes 25 such deposits
- I deposit 1500 in an account wih a 4 apr what the balance after one year?
- You deposit 250 into an account that earns 7 2 simple annual interest after how many years will the account have a balance of 700
- How much money will i make with 35000 at 1 70 apr for 23 months?
- Mr wilson invested money in two accounts his total investment was 11 000 if one account pays 7 in interest and the other pays 9 in interest how much did he invest in each account if he earned a total of 850 in interest in 1 year
- If you deposit 50 00 dollar in a aroth and never make another deposit would the interest amount to a lot in 10 years?
- Hannah would like to make an investment that will turn 5500 dollars into 31000 dollars in 8 years what quarterly rate of interest compounded four times per year must she receive to reach her goal
- If 6200 is invested in a savings account for which interest is compounded semiannually and if the 6200 turns into 7100 in 3 years what is the interest rate of the saving account?
- You deposit 1 000 one time into a savings account earning a 5 annual rate compounded semiannually how much will you have in your account at the end of 10 years
- If a child at 16 invests 2000 a year for 5 years and then leaves it for 40 years?
- Your goal is to create a college fund for your child suppose you find a fund that offers an apr of7 7 how much should you deposit monthly to accumulate 80 000 in 14 years
- If jim opens an account with 3000 today with an intrest of 10 percent follow up with 3 deposit 2000 more every time for 3 years whats the compound interst?
- You are to make monthly deposits of 700 into a retirement account that pays 10 2 percent interest compounded monthly required if your first deposit will be made one month from now how large will your retirement account be in 32 years
- If you deposit 500 at a rate of 4 25 per year how much intrest will you hv ave in 10 years?
- Calvin wants to invest 16 000 in certificates of deposit he wants the total interest of the deposits to be 900 for the first year he wants to put 1000 more in a 2 year certificate of deposit than in a 1 year certiciate and invest the rest in a 3 year certificate how much money should he invest in each certificate of deposit number of years 1 2 3 rate 2 0 5 0 6 0
- If you deposit 300 at the end of every quarter in a savings accountthat pays a nominal apr of 6 compounded weeekly how much will you have at the end of a year?
- F you put 1 000 in a savings account that pays 5 interest compounded continuously how much money will you have in your account in 10 years assume you make no additional deposits or withdrawals
- If a deposit of 108 is made on the first day of each month into an account that pays 9 interest per year compounded monthly determine the amount in the account after 13 years round your answer to the nearest dollar?
- 8200 in bank account that pays 0 6 interest compounded monthly the bank account will be worth 21000 in how many years
- If you leave 10 000 dollars in a savings account?
- You have 55 000 in a savings account that pays 2 interest per year the inflation rate that year is 3 24 to calculate simple interest principal x rate x time interest
- What is the total amount of money that will accumulate in a savings account if you put 5 000 00 into it and leave it for 5 years at 4 interest rate how much interest will you earn over the 5 year period?
- You have 1000 in a savings account and the compound interest rate is 5 per year after 5 years how much money approximately do you have in the savings account if you left the money to grow
- If jackson deposits 70 at the end of each month in a savings account earning interest at a rate of 2 year compounded monthly how much will he have on deposit in his savings account at the end of 4 years assuming he makes no withdrawals during that period round your answer to the nearest cent?
- A client invested 10 000 in an interest bearing promissory note earning an 13 annual rate of interest compounded monthly how much will the note be worth at the end of 5 years assuming all interest is reinvested at the 13 rate
- How much principal would you have to deposit to earn 700 simple interest in 1 5 years at a rate of 4?
- You put 10 000 in a simple interest account at a bank you will earn 1 800 in just 4 years what is the annual interest rate for the account