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April 19, 2014

Search: $100,000 compounded semiannually at 16% for 5 years

Number of results: 68,387

fin
Christina's answer doesn't take into account that you'll be paid interest on the interest. After the first year, you'll have $11,000 in your account -- $10,000 + 1,000. The second year: 11,000 x .1 = 1,100 11,000 + 1,100 = 12,100 The third year: 12,100 x .1 = 1,210 12,100 + 1,...
Wednesday, August 22, 2007 at 6:05pm by Ms. Sue

Investment interest
Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions and requests assistance to help understand which option would be the best for his investment. ...
Saturday, March 15, 2014 at 5:55pm by John

accounting
mordica company will receive $100,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $100,000 receipt is (A) $51,000 (B) $51,316 (c) $151,000 (D) $194,872
Tuesday, October 26, 2010 at 8:54am by Keisha

college
Joan wants to start an IRA that will have $250,000 in it when she retires in 21 years. How much should she invest annually in her IRA to do this if the interest is 16% compounded quarterly?
Monday, February 27, 2012 at 12:28am by Anonymous

wildcat
Compound Interest: Suppose $1,600 is invested in a savings account that pays 5% compounded semiannually, how much is in the account at the end of 11 2 years? having difficulties in finding a solution
Monday, September 17, 2012 at 6:04pm by Lynn

Math Finite
How many years will it take for $12,000 to grow to $15,000 at 5.75% compounded monthly?
Wednesday, December 8, 2010 at 12:41am by Ericka

Math
If a nurse deposits $2,000 today in a bank account and the interest is compounded annually at 10 percent, what will be the value of this investment: a. five years from now? B. ten years from now? C. fifteen years from now? D. twenty years from now?
Friday, August 2, 2013 at 6:26pm by April

math
how much money should you invest now to have 7000 in 11 years if you invest the money at a rate of 9.3%. compounded semiannually
Sunday, July 3, 2011 at 8:28am by AJAY

math
how much money should you invest now to have 5000 in 11 years if you invest the money at a rate of 9.4%. compounded semiannually
Sunday, July 3, 2011 at 10:16am by nichole

Business Math
Earl wants to retire to San Diego when he is 65, he is now 50. He will need $300,000.00, how much would he have to invest today @6% interest compounded semiannually to meet his goal?
Wednesday, May 18, 2011 at 9:55pm by vivian

prealgebra
find the total amount in the compound interest amount. $6350 is compounded semiannually at a rate of 18% for 16 yrs. (round to the nearest hundredth as needed)
Monday, December 13, 2010 at 2:05am by sarah

consumer math
Jim opened an account with $400. The account pays three percent quarterly. How much is in the account at the end of two years? Round to the nearest dollar. (Points : 1) 5. Use this table to answer questions 5 through 8. Principal Rate Compounded Time Final Amount $10,000 2% ...
Sunday, February 12, 2012 at 1:08am by tina

Business finance
How much money must be deposited now, at 6% interest compounded semiannually, to yield an annunity payment of $4000 at the end of each six month period, for a totl of five years? Round to the nearest cent
Wednesday, January 18, 2012 at 6:11pm by Step

ALGEBRA
Find the future value, using the future value formula and a calculator. (Give your answer to the nearest cent.) $44.01 at 6.5% compounded semiannually for 2 years
Friday, May 18, 2012 at 11:23pm by Monic

math
compouned semiannually P dollars is invested at annual rate. r for 1 year. If the intrest is compounded semiannually then the polynomial P(1+r/2)by the second power represent the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the ...
Friday, February 15, 2013 at 3:12pm by janae

Math
The McKeegan Corporation has two different bonds currently outstanding. Bond M has a face value of $29,500 and matures in 24 years. The bond makes no payments for the first 7 years, then pays $2,100 every six months over the subsequent 10 years, and finally pays $2,700 every ...
Tuesday, March 20, 2012 at 8:18pm by Mary

managerial math
a gift of $3000 a grew $7,000,000 in 200 years. At what rate compounded anually would this growth occur
Friday, April 19, 2013 at 6:39pm by jameel

math
The problem describes a debt to be amortized. A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 12 years. The interest rate on the debt is 11%, compounded semiannually. (Round your ...
Sunday, May 1, 2011 at 6:34pm by angela

math
The problem describes a debt to be amortized. A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 12 years. The interest rate on the debt is 11%, compounded semiannually. (Round your ...
Monday, May 2, 2011 at 10:38pm by susie

Simple & Compounding Interest
If $640 is invested in an account that earns annual interest of 3.5%, compounded semiannually, what will the account balance be after 4 years? (Round your answer to the nearest cent.)
Wednesday, April 25, 2012 at 6:12pm by Anonymous

Finance
Business Investment A firm of attorneys deposits $5000 of profit-sharing money at the end of each semiannual period for years. Find the final amount in the account if the deposits earn 10% compounded semiannually.
Thursday, June 10, 2010 at 10:13pm by Anonymous

Business math
Sam Monte deposits $21,500 into Legal Bank which pays 6 percent interest that is compounded semiannually. By using the table in the handbook, what will Sam have in his account at the end of 6 years?
Saturday, July 9, 2011 at 7:55pm by Anonymous

finance
Today, Mark invested $5,000 into an account that guarantees 7.50% p.a., compounded monthly and Madonna invested $5,000 into account guaranteeing 8.125% p.a., compounded quarterly. How long will it take (in years) for the value of Madonna's investment to be three times as much ...
Friday, October 23, 2009 at 10:49pm by tiff

finance
Today, Mark invested $5,000 into an account that guarantees 7.50% p.a., compounded monthly and Madonna invested $5,000 into account guaranteeing 8.125% p.a., compounded quarterly. How long will it take (in years) for the value of Madonna's investment to be three times as much ...
Sunday, October 25, 2009 at 1:58pm by tiff

Intro To college math
Find the future value, using the future value formula and a calculator. (Give your answer to the nearest cent.) $42.31 at 4.5% compounded semiannually for 4 years.
Saturday, October 29, 2011 at 9:44pm by Betty

math
Find the amount that schould be invested now to accumulate following amounts,if te money is compounded as indicated. $2000 at 9% compund semiannually for 8 years. i dont know how u do this sorry, your homework!!!!!!!!!!!!!!!!!! Double post. I answered this below.
Tuesday, September 19, 2006 at 8:30pm by please i need help.Dan

Finance
Moon Corporation wants to issue $200,000 of 20-year bonds. The bonds pay interest annually with a stated rate of 4 percent. Assuming market rate is 5% compounded semiannually.
Thursday, March 3, 2011 at 9:30pm by Anonymous

Compound Interest!
Two payments of $10,000 and $12,000 must be made 1 year and 4 years from now. If money can earn 9% compounded monthly, what single payment 2 years from now would be equivalent to the two scheduled payments?
Friday, March 26, 2010 at 10:32am by Thara!

Finance
A company requires the amount of $1,000,000 in 25 years to retire a bond issue. Assume they can earn 5 3/4% interest compounded daily. What amount would they have to pay quarterly to be able to retire this debt in 25 years?
Thursday, December 9, 2010 at 3:34pm by ashley

precalculus
Suppose $1,000 is compounded quarterly for 4 years. What rate is needed to reach a total of $2,000? Round to the nearest tenth of a percent. use a=p(1+r/n)^nt
Thursday, February 9, 2012 at 10:51pm by candela

Math
one dollar for n number of years 1 + .1 n = simple interest earned +1 dollar 1.05^n = value with compound interest when is 1 + .1 n = 1.05^n ? 1 year 1.1 and 1.05 2 years 1.2 and 1.10 3 years 1.3 and 1.16 4 years 1.4 and 1.22 . . . 10 years 2.0 and 1.62 . . . 20 years 3.0 and ...
Wednesday, December 15, 2010 at 7:21pm by Damon

My unanswered answer
so would it be 0.16 x 2,240,000 = ? 100% = 2,240,000 0.16 = x x= (2,240,000 x 0.16)/100%
Monday, December 8, 2008 at 4:50pm by Lisa

Plz Hel, word problem:)
I have tried hard to solve, but I'm stuck.... Letís use our knowledge of quadrantic equations to analyze a real world business application. If P dollars is invested at r rate of interest compounded anually t years, then the amount of money, A, accummulated at the end of t ...
Friday, September 24, 2010 at 10:46pm by Jesee

Math 109
Interest is compounded 64 times at 1.0115 times the previous balance. X*(1 + 0.046/4)^64 = 100,000 X*2.0788195= 100,000 X = $48,104.22
Saturday, December 10, 2011 at 12:18am by drwls

reading/writing
This site has a model outline. (Broken Link Removed) Before you go too far, you need to decide what you mean by "past." Do you mean 100 years? 1,000 years? 5,000 years? 1,000,000 years? What do you mean by dangerous? To whom or what? If you're referring to dinosaurs, there ...
Tuesday, May 13, 2008 at 4:48pm by Ms. Sue

Math, anyone, plz help
Astronomers measure large distances in light-years. One light-year is the distance that light can travel in one year, or approximately 5.88 * 10^12 miles. Suppose a star is 1.23 * 10^2 light-years from Earth. In scientific notation, approximately how many miles is it? (1 point...
Thursday, February 20, 2014 at 2:49pm by Gabby

Math
Please check my work, thank you If $7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years? A=$8,268.00 Rewrite the statement, using percent notation. Out of every 100 eligible people...
Sunday, April 6, 2008 at 9:57pm by Terry B

Math
Lee Holmes deposited $16,600 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,600 at 9% interest compounded semiannually. At the end of year 6, what is the balance in Leeís account? I have tried and I ...
Saturday, October 15, 2011 at 9:17am by Lydia

math
how much money should you invest now to have 6000 in 11 years if you invest the money at a rate of 11.1%. compounded semiannually.
Sunday, July 3, 2011 at 7:16am by nichole

Pre-Algrebra
Alecia deposited $500 in a savings account at 5% compounded semiannually. What is her balance after 5 years? Can you please show me step by step how to do this problem. The choices are $650.00 $640.04 $670.05 $897.93
Saturday, February 4, 2012 at 11:42am by Samantha

Homework help plz( Steve or Reiny)
Astronomers measure large distances in light-years. One light-year is the distance that light can travel in one year, or approximately 5.88 * 10^12 miles. Suppose a star is 1.23 * 10^2 light-years from Earth. In scientific notation, approximately how many miles is it? (1 point...
Thursday, February 20, 2014 at 2:00pm by Gabby

Correted Bob can you re-check?
So i pretty much had them right the first time with the first set of answers i just needed to round up? 1. $5000.00 compounded annually at 6% for 5 years= $6,691.13? 2. $5000.00 compounded quartley at 6% for 5 years= $6,719.58? 3. $5000.00 compounded quartley at 65 FOR 5 YEARS...
Friday, January 29, 2010 at 6:44pm by Nashea

Math
The monthly payments on an 8-year loan compounded monthly at 4.75% are $100. What was the original amount of the loan? The periodic payment, often referred to as the rent, is what must be paid, knowing only the present value, interest rate and the number of payment periods. ...
Friday, April 2, 2010 at 4:59pm by tchrwill

Finance
Is it more economical to buy an automobile for $29,000 cash or to pay $4,500 down and $3,000 at the end of each quarter for 2 years, if the money is worth 8% compounded quarterly?
Wednesday, September 28, 2011 at 1:40pm by sabrina

math help plz!
Calculate teh future value of quarterly payments of $1200 for 5 years, if the rate of interest was 10% compounded quarterly for the first 2 years and will be 9% compounded quarterly for the last 3 years.
Wednesday, April 21, 2010 at 10:13pm by Thara!

physics
you could produce a sample containing 2,400,000 free neutrons, what would it be 2658 seconds later? A) 300,000 neutrons, 2,100,000 protons, and 2,100,000 electrons. MY ANSWER B) 300,000 neutrons and 2,100,000 protons C) 300,000 neutrons, 2,100,000 protons, 2,100,000 neutrinos ...
Wednesday, October 26, 2011 at 12:13am by Anonymous

Math
Would 72,060,964,765 look like the following in it's expanded form? 7X 10,000,000,000 + 2X 1,000,000,000 + 0X 100,000,000 + 6X 10,000,000 + 0X 1,000,000 + 9X 100,000 + 6X 10,000 + 4X 1,000 + 7X 100 + 6X 10 + 5X 1 been working on this for 1 hour!
Tuesday, September 3, 2013 at 3:59pm by Sandy

math
Suppose a state lottery prize of $2 million is to be paid in 20 payments of $100,000 each at the end of each of the next 20 years. If money is worth 9%, compounded annually, what is the present value of the prize?
Sunday, May 1, 2011 at 4:31pm by janet

math
If you invest $17,000 a year for 11 years, at 4% compounded monthly, what would the balance be at the end of 11 years?
Thursday, March 29, 2012 at 9:40am by Linda

Math
Need help with my practice review. Thanks 1.If inflation is 6% a year compounded annually, what will it cost in 21 years to buy a house currently valued at $230,000? Round to the nearest cent. 2.A small company borrows $50,000 at 11% compounded monthly. The loan is due in 4 ...
Wednesday, July 8, 2009 at 11:44am by Chayo

Compound Interest
Payments of $1,800 and $2,400 were made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for teh first two years and 10.74% compounded monthy thereafter. What amount was owed on the loan after ...
Sunday, August 2, 2009 at 3:01am by Sat

compund interest
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. What amount was owed on the loan after ...
Wednesday, August 5, 2009 at 3:03pm by thara

Math
How much less interest is earned at 6% simple interest for 5 years on a $10,000 investment than a 6% rate compounded daily for 5 years?
Thursday, October 15, 2009 at 6:32pm by Anonymous

finite math
Suppose a state lottery prize of $2 million is to be paid in 20 payments of $100,000 each at the end of each of the next 20 years. If money is worth 9%, compounded annually, what is the present value of the prize?
Saturday, April 30, 2011 at 6:18pm by guru

Algebra
Please help me find the value of the annuity for the following: a1= $8000, I=0.06, n=10 $8,000 invested for 10 years at 8% compounded annually$8,000 invested for 10 years at 0.06% n = 10 Thank you.
Sunday, December 8, 2013 at 9:25pm by Pamela

Consumer math
When Greg was born, his grandmother put $5000 in a savings account for his college expenses. It was compounded at 2.5 percent semiannually, and left in the account 18 years. How much was in the account? Round to the nearest dollar.
Monday, April 9, 2012 at 10:21am by Cosumer math

Compound Interest
A sum of £12,000 is invested for 5 years at an interest rate of 3.5% compounded annually. Calculate the value of the investment after 5 years.
Sunday, August 2, 2009 at 3:01am by Alexander

Business Math and Statistics
You deposit $1,000 for 4 years at an interest rate of 2.0%. If the interest is compounded annually, how much money do you have after 4 years?
Sunday, December 8, 2013 at 1:33am by Teresa

please check my answers
1. $5000.00 compounded annually at 6% for 5 years= Answer $6,691.13? 2. $5000.00 compounded quartley at 6% for 5 years= Answer $6,719.58? 3. $5000.00 compounded quartley at 65 FOR 5 YEARS= Answer $6,734.28? 4. $5000.00 compounded annually at 6% FOR 6 YEARS= Answer $7,092.60...
Friday, January 29, 2010 at 8:28pm by Nashea

investing compound interest
James Johnson, a recent graduate of a nationally recognized MPA program wants to be able to travel around the world. James does not have enough money at this time, but believes he can save up enough money to travel around the world in ten years. If he currently has $15,000 to ...
Wednesday, June 25, 2008 at 2:56pm by josh

Physical science
If you could produce a sample containing 2,400,000 free neutrons, what would it be 2658 seconds later? A) 300,000 neutrons, 2,100,000 protons, and 2,100,000 electrons. MY ANSWER B) 300,000 neutrons and 2,100,000 protons C) 300,000 neutrons, 2,100,000 protons, 2,100,000 ...
Tuesday, October 25, 2011 at 3:11pm by Anonymous

algebra
Show your friend different values for x. For instance: 10^8 = 100,000,000 10^2 = 100 100,000,000/100 = 1,000,000 10^6 = 1,000,000
Monday, August 9, 2010 at 9:31pm by Ms. Sue

Business Math
IF Joseph deposits $1,000 at year-end for the next 35 years, assuming he makes one yearly deposit of $1,000 at 5% compounded annually, how much interest would he earn?
Thursday, June 17, 2010 at 5:45pm by Kiesha

Math
Could somebody please help me with a few Math questions? 1. Provide an appropriate response. True or False? 100.567 is between 10 and 100. 2. Use an annual percentage rate table to solve the problem. A family purchased a new ski boat for $20,000. The loan agency required a ...
Wednesday, March 26, 2014 at 2:14pm by Felicity

finance
As of December 31, 2008, Johnstown Company has $50,000 in accounts payable, $100,000 in promissory notes payable in 5 years, $100,000 in cash, $50,000 in accounts receivable and $50,000 in property, plant and equipment. The companyís net income was $10,000 for 2008 and the ...
Sunday, December 20, 2009 at 12:08pm by Anonymous

present value
The present value P that will amount to A dollars in n years with interest compounded annually at annual interest rate r, is given by P = A (1 + r) -^n. Find the present value that will amount to $50,000 in 20 years at 8% compounded annually.
Monday, July 14, 2008 at 11:11am by Don

MATH
Your equation should be Pt=Po * (1+ {GR/100})^n The n is an exponent. Why don't you just apply the formula? After 100 years, Pt/Po = (1.03)^100 = 19.2 Note that ratio also equals 1.92 million/100,000 The population doubling time is about 24 years. There is a handy approximate ...
Friday, October 9, 2009 at 11:16am by drwls

Accounting
LRF Corporation purchased a patent for $450,000 on September 1, 2006. It had a useful life of 10 years. On January 1, 2008, LRF spent $110,000 to successfully defend the patent in a lawsuit. LRF feels that as of that date, the remaining useful life is 5 years. What amount ...
Saturday, April 25, 2009 at 6:12pm by Cathie

Calculus Please help!
If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? B) Find the amount in the bank after 6 years if interest is compounded quaterly? C) Find the amount in the...
Friday, February 21, 2014 at 11:29pm by ALI

science
To run efficiently and productively, a fusion reaction must operate at temperatures greater than __ degrees C. A) 100 B) 2,000 C) 1,000,000 D) 100,000,000 E) 350,000,000 d
Sunday, September 12, 2010 at 5:18pm by pam

science
To run efficiently and productively, a fusion reaction must operate at temperatures greater than __ degrees C. A) 100 B) 2,000 C) 1,000,000 D) 100,000,000 E) 350,000,000 d
Sunday, September 12, 2010 at 8:31pm by pam

Math
A loan of $37,000 is made at 3%interest, compounded annually. After how many years will the amount due reach $49,000 or more? (Use the calculator provided if necessary.) Write the answer as a whole number. ****I get 1.03^10 = 49,724.91 So is the answer 10 years at 49,725.00?
Monday, January 24, 2011 at 7:40pm by Jen

Math
Find the future amount after one year on $ 2,000 at 5% compounded annually. (a) $ 200 (b) $ 100 (c) $ 2,100 (d) $ 400 (e) $ 550.00
Thursday, November 3, 2011 at 8:28pm by Frank

Finance
1. $5000.00 compunded annually at 6% for 5 years= $6,691.1279? 2. $5000.00 compounded quartley at 6% for 5 years= $6,719.5819? 3. $5000.00 compounded quartley at 65 FOR 5 YEARS= $6,734.2750? 4. $5000.00 COMPOUNDED ANNUALLY FOR AT 6% FOR 6 YEARS= $7,092.5956...
Friday, January 29, 2010 at 10:35am by Nashea

Maths
Peter invests $12500 for 5 years at 12 percent per annum,compounded monthly foe the first two years, and 14 percent per annum compounded simiannually for the next three years. How much will Peter receive after five years?
Saturday, April 30, 2011 at 2:42am by Randi

math
1 meter = 100 centimeters. The prefix centi- means 100; there are 100 cents in a dollar. 1 meter = 1,000 millimeters. The prefix milli- means 1,000; there are 1,000 years in a millenium. The average 3-year-old is 1 meter tall. The standard height of kitchen counters is almost ...
Friday, November 2, 2007 at 5:10pm by Ms. Sue

algebra
7300@7% COMPOUNDED SEMIANNUALLY FOR 3 YRS
Friday, February 27, 2009 at 5:25pm by PHIL

ALGEBRA
7300 @ 7% COMPOUNDED SEMIANNUALLY FOR 3 YRS
Saturday, May 18, 2013 at 8:39pm by PHIL

Finance
A wealthy donor endows a chaired professorship. If the interest rate is 8% how much must he set aside to provide the following end of year salary payment alternatives? a. $100,000 per yr for 20 yrs b. $100,000 per yr in perpetuity c. A perpetuity that pays $100,000 for the ...
Friday, October 20, 2006 at 4:46pm by Joe

Algebra
At 16% interest compounded quarterly, the value of the account increases by a factor 1.04 every three months. That is becasue 1/4 of 16% is (4%) added to it. Four years is 16 quarters. The value of the account is then $480.00*(1.04)^16 = $899.03
Friday, May 7, 2010 at 10:14am by drwls

Business math
Jimmy wants to buy a jeep in 5 years. If his bank pays 12% interest compounded annually, what must jimmy deposit today to have 15,000 in 5 years?
Tuesday, December 10, 2013 at 8:17pm by Geia

College Algebra
Assuming the 25000 is invested when the child is born, and she attends college after 18 years, that gives n=1 t=18. Or other values, if compounded more frequently than annually. You want an interest rate so that after 21 years (including the 3 years of attending college), the ...
Wednesday, February 1, 2012 at 10:56pm by Steve

MATH
WHAT WOULD BE THE MONTHLY PAYMENT ON $100,000 MORTGAGE AT A RATE OF 8 1/2 % for 20 years? R = Pi/[1 - (1+i)^-n] P = $100,000 i = 8.5/100(12) = .007083 n = 20(12) = 240 I'll leave the easy part for you.
Wednesday, June 18, 2008 at 3:25pm by tchrwill

arithmetic
28,000 X .05% compounded for 33 years =
Thursday, September 19, 2013 at 2:46am by tom

algebra
uo=100 un=un-1(1+.03/12)+100 the senerio is save 100 a month for 30 years interest rate 3% compounded monthly the teacher said the answer is 23,796 I can't get this to work
Saturday, September 18, 2010 at 11:41pm by sami

value of money
Which is a better rate of interest, 16% compounded quarterly or 16 1/4% compounded semi-annually?
Friday, July 8, 2011 at 2:55pm by nmh

Pre-Cal
This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2008. Assuming that you invest $12,000 in the Japan(1.5%), how long (to the nearest year) must you wait before your ...
Wednesday, February 29, 2012 at 3:43am by Rick

STOCKS & BONDS
Growth rate after 4 years = 7% Cash flow for year 5 = $15,000,000*1.07 = $16,050,000 WACC = 12% Value of free cash flows after year 4 at the end of 4 = $16,050,000 / (0.12-0.07) = $16,050,000 / 0.05 = $321,000,000 Free cash flow for year 4 = $15,000,000+321,000,000 = $336,000,...
Thursday, November 15, 2012 at 10:19am by NAINIAVI@GMAIL

Compound Interest : Future Value and Present Value
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. What amount was owed on the loan after ...
Friday, July 24, 2009 at 1:22am by Math

economics
Determine the sum of money that must be invested today at 9% interest compounded annually to give an investor annuity (annual income) payments of $5,000 per year for 10 years starting 5 years from now.
Thursday, June 7, 2012 at 1:49am by sam

Algebra
A loan of $37,000 is made at 3%interest, compounded annually. After how many years will the amount due reach $49,000 or more? (Use the calculator provided if necessary.) Write the answer as a whole number.
Monday, January 24, 2011 at 7:12pm by Jen

algebra
3. Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?
Tuesday, October 11, 2011 at 9:58am by beech

Algebra
Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?
Wednesday, December 7, 2011 at 9:46pm by Anonymous

algebra
Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?
Thursday, December 8, 2011 at 6:57pm by Blanca

math
Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?
Sunday, June 23, 2013 at 7:56pm by nikki

math
Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?
Sunday, June 23, 2013 at 10:18pm by nikki

English
Are you talking about since the world began? In the last 2,000 years? In the last 100 years? In the last 10 years? What is your time frame?
Sunday, April 15, 2012 at 5:18pm by Ms. Sue

finance
You want to save $1,000,000 for your retirement (under 40 years old) or $100,000 (over 40 years old). If you use common stocks with an average rate of return of 10% how much do you need to save monthly?
Saturday, June 9, 2012 at 11:52am by lisa

finite math
Split the problem in two parts, 25 years and 18 years. The interest rate is known for the first part (7% p.a. or per month?) and compounded monthly. So the future value after 25 years is determined, say A. Assuming A<400,000=target, subtract remaining future value B=400,000...
Saturday, April 30, 2011 at 6:18pm by MathMate

Finance
You are currently investing your money in a bank account which has a nominal annual rate of 8 percent, compounded annually. If you invest $2,000 today, how many years will it take for your account to grow to $10,000?
Sunday, December 12, 2010 at 12:52pm by Anonymous

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