Posted by Mya on Monday, March 21, 2011 at 9:12pm.
Your grandparents deposit $1,000 each year on your birthday, starting the day you are born, in an account that pays 6% interest compounded annually. How much will you have in the account on your 30th birthday, just after your grandparents make their deposit.

Finance  t, Monday, March 21, 2011 at 9:17pm
since its just after they deposit 1,000 then you multiply 29,000 x .06 = 1740. then add that to 30000 because they just deposited the 1,000. then you get $31,740

Finance  David, Tuesday, March 22, 2011 at 4:12am
Suppose $500 is invested monthly at 4% compounded monthly, for
10 years, then $600 is invested monthly at 6% compounded monthly, for
10 years.

Finance  wendy, Tuesday, March 22, 2011 at 2:49pm
Find the future value of the ordinary annuity with payout of $20,000
at 4.5% interest compounded annually for 12 years.

Finance  Anonymous, Wednesday, August 17, 2011 at 8:52pm
Suppose $500 is invested monthly at 4% compounded monthly, for
10 years, then $600 is invested monthly at 6% compounded monthly, for
10 years.
Answer This Question
Related Questions
 math  On the day of your birth and on every birthday since your grandparents ...
 Compound Interest  I have no idea how to do this!! Please show work! Starting ...
 Math  Starting on her 21st birthday and continuing on every birthday up to and ...
 Finance  . On the day that you were born, your grandfather opened a savings ...
 finance  You want to accumulate $1,000,000 in retirement funds by your 65th ...
 Maths  Grandpa places money in an account on your first birthday and will place...
 Math Problem (please help)  On the day of a child's birth, a deposit of $30,000...
 fin  If you deposit $10,000 in a bank account that pays 10 percent interest ...
 time value  For the last 19 years, Mary has been depositing $500 in her savings...
 Finance Homework  If you deposit $2,000 in a bank account that pays 9% interest...
More Related Questions