Sunday
March 29, 2015

Homework Help: finance

Posted by tiff on Friday, October 23, 2009 at 10:49pm.

Today, Mark invested $5,000 into an account that guarantees 7.50% p.a., compounded monthly and Madonna invested $5,000 into account guaranteeing 8.125% p.a., compounded quarterly.

How long will it take (in years) for the value of Madonna's investment to be three times as much as Mark's?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...
algebra - $7,000 is invested into two accounts: 4,000 into an account paying 5% ...
math - How much money should be invested today in order to have $100,000 in an ...
UOG - An initial investment of $12,000 is invested for 2 years in an account ...
Finance - 3. Joe and Sue invested $2000 at Bank America in 1995, at 6% ...
math - a company will need $30.000 in 7 years for a new addition. To meat this ...
Pre Calc - $1 is invested into an account that has a APR of 8% compounded ...
math - Suppose 48,000 is invested at an interest rate of 4.2%, compounded ...
Finance - Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded ...
Math 111 - Suppose that $5000 is invested in an account with an account with an ...

Members