Tuesday

September 23, 2014

September 23, 2014

Posted by **Lexi** on Thursday, October 31, 2013 at 7:39pm.

- math -
**Steve**, Thursday, October 31, 2013 at 7:46pm7000*n*.02 = 560

n = 4 years

check:

2% interest per year is $140 x 4 = $560

- math -
**Shelby**, Thursday, March 27, 2014 at 7:57amQuestion 3

Terry invests $3,000, at 10% interest, compounded semiannually for 12 years. Use the compound interest formula to calculate the compound amount for his investment.

a.

$9,675.30

b.

$6,760.00

c.

$6,663.28

d.

$9,860.00

**Answer this Question**

**Related Questions**

math - Samantha opened a savings account and deposited some money into the ...

Math - Nico was stunned when he opened the mail. Here was a check for $322.50! ...

math - how much money would have to be invested in an account at 3.98% annual ...

Algebra - an algebra student won $115,000 in a lottery and wishing to deposit it...

Math - Mona opened a savings account with a $500 deposit and a simple interest ...

Algebra Grade 7 - You invest $275.00 in a money-market account that pays simple ...

Business Algebra - You invest $20,000 in two accounts. Account A earned 4.5% ...

math - Mr. Wilson invested money in two accounts. His total investment was $40,...

pre-algebra - You split $1500 between two savings accounts. Account A pays ...

Calc - A person deposits money into a retirement account, which pays 7% interest...