Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Finance
Compound Interest
If you deposit $5000 in a savings account at 5.8% interest per year, how much will you have in 36 years? (Answer to the nearest dollar)
1 answer
P = Po + Po*r*t = 5000 + 5000*0.058*36 =
$15,440
You can
ask a new question
or
answer this question
.
Related Questions
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial
Samuel earns 0.2% interest each year on his savings account. If he has $3500 in his savings account for a year, how much
chris put $1,500 in a savings account at an annual interest rate of 5%. If chris does not deposit or withdraw any money, what is
You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. You also save $40 per month in a safe
Suppose you deposit $275.00 in your savings account on December 31.
Your bank pays 3 percent annual interest on savings accounts.
Kerry Stutsman has $500 in a saving account earning .45% interest. She is considering buying a 1-year certificate of deposit
Which option describes a bank savings account? (1 point)
• An account giving 0.05% interest with no other limitations • A
Which option describes a bank savings account?(1 point)
Responses An account giving 0.05% interest with no other limitations An
Q; Which option describes a bank savings account?
A. An account giving 0.05% interest with no other imitations B. A deposit that
Suppose you deposit $1,500 in a savings account that pays interest at an annual rate of 5%. If no money is added or withdrawn