Wednesday

April 1, 2015

April 1, 2015

Posted by **Clara** on Monday, January 2, 2012 at 4:41pm.

- Math Finance -
**Steve**, Monday, January 2, 2012 at 5:12pmI assume you mean simple interest at an annual rate of 5 1/8 %

5 1/8 % = 0.05125

17 months = 17/12 years.

$2560 * .05125 * 17/12 = $185.87

- Math Finance -
**lou**, Tuesday, January 3, 2012 at 7:58pmjoan wants to start an IRA that will have $250,000 in it when she retires in 18 years. How much should she invest nnually in her IRA to do this if the interest is 4% compounded annually round to the nearest cent

**Answer this Question**

**Related Questions**

Math - how much simple interest does $2560 earn in 17 months at a rate of 5 1/8...

Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...

Math Personal Finance - Assume a 30-month CD purchased for pays simple interest ...

Math Personal Finance - Assume a 30-month CD purchased for $4000 pays simple ...

finance - You invest $1,000 in a certificate of deposit that matures after 10 ...

Real Estate Finance - If bank wished to earn $6,300 on a loan over twelve months...

corporate finance - If the rate of inflation is 5%, what nominal interest rate ...

MATH - A customer has a balance of $1,350. Interest is paid at the end of 12 ...

Math - Envision that you have served as business manager of Media World for ...

introduction to finance-16 - if you put $4000 in savings account that pays ...