Thursday
February 26, 2015

Homework Help: value of money

Posted by nmh on Friday, July 8, 2011 at 2:55pm.

A deposit of $2,000 earns interest at a rate of 14% compounded quarterly. After two and a half years the interest rate changes to 13.5% compounded monthly. How much is in the account after six years?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - A deposit of $2,000 earns interest at a rate of 14% compounded quarterly...
Mathematics and investment - 1. Angelo wants to renovate his house in 3 years. ...
algebra - Find the accumulated value of an investment of $10,000 for 3 years at ...
MatHematics - After a 20 year period Josh's lump sum investment matures to an ...
Math - Serena wants to borrow $15 000 and pay it back in 10 years. Interest ...
Math - Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of...
math - You deposit $7,900 in a money-market account that pays an annual interest...
Math - You deposit $6,700 in a money-market account that pays and annual ...
math - You deposit $6,700 in a money-market account that pays an annual interest...
Math - Please check my work, thank you If $7,800 is deposited into an account ...

Members