Monday
March 30, 2015

Homework Help: math

Posted by tota on Monday, May 5, 2014 at 4:08pm.

If you put $ 6,000 in a savings account that pays interest at the rate of 4 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put $ 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

introduction to finance-16 - if you put $4000 in savings account that pays ...
math - Rob has a balance of 1695$ in his bank account The account pays 2.9% ...
Math - (a) Themba wants to deposit a sum of money into a savings account so that...
Math - Envision that you have served as business manager of Media World for ...
Help math calc - Find the future value of $700 deposited at 3% for 9 years if ...
Math - Find the future value of $800 deposited at 5% for 2 years if the account ...
differential equation - If P(t) is the amount of dollars in a savings bank ...
math - Using the present value formula you deposit $12,000 in an account that ...
Math - $100 is deposited in a savings account that pays 4% interest compounded ...
PRE-CALC - If you put $2,000 in a savings account that pays 6% interest ...

Members