Monday
April 21, 2014

Homework Help: Compund Interest

Posted by Wendy on Friday, July 26, 2013 at 6:54pm.

Bobby needs to save $10,000 for school in the next two years. He found a bank that offers a 10% interest rate compounded annually. What does he need to deposit at the beginning of the year to have enough money for school?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Applied Business Math - Michelle needs to save $7,000 for school in the next two...
Math - Michelle needs to save $7,000 for school for the next two years. She ...
compund interest - Payments of $1800 and $2400 weere made on a $10,000 variable-...
finance - Wheeler Corporation is planning to expand its business and needs $30,...
financial management - Wheeler Corporation is planning to expand its business ...
Finance - Sauerfood company has decided to buy a new computer system with an ...
Business finance - In a discount interest loan, you pay the interest payment up...
math - On the way to school, Bobby noticed the school bus travels 8 miles north...
please help - . If Healthy Foods has an annual interest expense of $10,000, ...
math - If I invested 1,000 into an account earing 5% compund interest which was ...

Search
Members