Thursday
August 28, 2014

Homework Help: Math

Posted by martha on Sunday, April 28, 2013 at 9:36pm.

James has 10,000 to invest. If he invest money in a savings account that pays 4% APR, calculate the following:

a) how long will it take to have a total of 15,000 if interest is compounded quarterly (3months)?

b)how much will he have after 7yrs if interest is compounded yearly? monthly?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - Compound Interest Question James has 10,000 to invest. If he invest money...
math - A woman has a total of $9,000 to invest. She invests part of the money in...
math - ...A woman has a total of $9,000 to invest. She invests part of the ...
math - you invest $10,000 in a savings account that pays 6.6%, compounded ...
intermediate algebra - A woman has a total of $9,000 to invest. She invests part...
Math - A woman has a total of $9000 to invest. She invests part of the money in ...
pre-algebra - You split $1500 between two savings accounts. Account A pays ...
Algebra 1 - You have $6000 to invest in two stock funds. The first fund pays 5% ...
Math - Envision that you have served as business manager of Media World for ...
math - The Concord Community Park Association receives a $10,000 donation from ...

Search
Members