Posted by **Diane** on Monday, December 20, 2010 at 9:25am.

Invest $23,000 in a savings account at 4.25% interest compounded quarterly.

Invest into an ordinary annuity where $5,000 is deposited each year into an account that earns 6.6% interest compounded annually.

- Business Algebra -
**TutorCat**, Tuesday, December 21, 2010 at 2:26am
http://math.about.com/library/weekly/aa042002a.htm

- Business Algebra -
**Diane**, Tuesday, December 21, 2010 at 8:34am
Perfect and thank you so much!!! :)

- Business Algebra -
**dee dee**, Wednesday, February 1, 2012 at 4:21pm
3% compounded interest daily on one million dollars is how much monthly

## Answer this Question

## Related Questions

- Business Algebra - I need to know the formula for these questions and just how ...
- Business Algebra - Part I: As a financial planner a client comes to you for ...
- math - Compound Interest Question James has 10,000 to invest. If he invest money...
- Math - James has 10,000 to invest. If he invest money in a savings account that ...
- Math - (a) Themba wants to deposit a sum of money into a savings account so that...
- Algebra - A mother wants to invest 8,000 dollars into her child's college fund. ...
- Lat math question for some days. Can y'all help? - Huan deposited $850 into a ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- Math - Please check my work, thank you If $7,800 is deposited into an account ...
- Algebra - Show how you substitute the values into the formula, then use your ...