Monday
April 21, 2014

Homework Help: Finance

Posted by Kid Kicker on Thursday, October 6, 2011 at 2:09pm.

john deposited 3000 into an account with 5% annual interest rate compounde quarterly at the beginning of 2011. the bank guarantees that 5% annual interest rate for the next 10 years if john deposits 3000 every two years. assume that john does deposit 3000 every two years, what will the total amount of this account at the end of 2021?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - John Roberts has $42,180.53 in a brokerage account, and he plans to ...
algebra - If x dollars is deposited every four weeks (13 times a year) into an ...
math - suppose you won a contest at the start of 5th grade that deposited $3000 ...
finance management - John Roberts has $42,180.53 in a brokerage account, and he ...
math - We deposited 7,500 dollars into a savings account which pays 3.6 percent ...
math - Samantha opened a savings account and deposited some money into the ...
Finance - John Roberts has $42,180.53 in a brokerage account, and he plans to ...
algebra - A total of $6200 is deposited into two simple interest accounts. On ...
Finance - John deposited $1000 on 1st January 2011 in an account paying interest...
math - To save for a child's education,the petersen's deposited $2500 into an ...

Search
Members