Tuesday
March 31, 2015

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

math - An amount of $3000 was deposited in a bank at a rate of 2% annual ...
Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...
Math - If you deposit P dollars into a bank account paying an annual interest ...
calculus - Suppose $5000 is deposited in a bank account that compounds interest ...
algebra - A total of $6200 is deposited into two simple interest accounts. On ...
math - Suppose $5000 is deposited in a bank account that compounds interest four...
math - Suppose $5000 is deposited in a bank account that compounds interest ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
Finance - 7. Today you open a bank account and make a deposit of $6,000. Then ...

Members