Sunday
April 20, 2014

Search: $5,000 compounded semiannually at 6% for 5 years

Number of results: 16,204

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

Math
George invests $ 15 000 at 7.2%/a compounded monthly . How long will it take for his investment to grow to $ 34 000
Tuesday, January 10, 2012 at 6:36pm by Annie

Math
Chris invests $10 000 at 7.2%/a compounded monthly. How long will it take for his investment to grow to $25 000?
Thursday, January 2, 2014 at 3:43pm by Suz

matttth help please
1. Mike wants to invest money every month for 40 years. He would like to have $1 000 000 at the end of the 40 years. For each investment option, how much does he need to invest each month? a) 10.2%/a compounded monthly b) 5.1%/a compounded monthly 2. Kenny wants to invest $250...
Saturday, May 26, 2012 at 9:19pm by Maame

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 present value of $31,000 due in 4 yr at the given rate of interest. (a) 6%/year, compounded quarterly $ ? (b) 3%/year, compounded quarterly $ ?
Friday, November 23, 2012 at 11:34pm by Amanda

math
Find the present value of $31,000 due in 4 yr at the given rate of interest. (a) 6%/year, compounded quarterly $ ? (b) 3%/year, compounded quarterly $ ?
Sunday, November 25, 2012 at 1:01am by Amanda

math
Find the present value of $31,000 due in 4 yr at the given rate of interest. (a) 6%/year, compounded quarterly $ ? (b) 3%/year, compounded quarterly $ ?
Monday, November 26, 2012 at 1:05pm by Amanda

Algebra
Greta invests $10,000 in an investment that pays 3% interest, compounded annually, for the first three years, then 9% interest, compounded annually, for the last three years. Rui invests $10,000 in an investment that pays r% for all six years. The two investments are worth the...
Thursday, April 2, 2009 at 7:19pm by Cassie

precalc
If a savings fund pays interest at a rate of 10% per year compounded semiannually, how much money invested now will amount to $5000 after 1 year? Please round the answer to the nearest cent.
Sunday, October 31, 2010 at 8:11pm by Anna

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

math
compounded- what would be the amount of compound interest on $12,000 invested for one year at 6%, compounded quarterly? round your answer to the nearest tenth. could you show me the work please ? i had $737.00 is that answer correct?
Tuesday, November 13, 2012 at 12:20pm by linda

business math 205
Calculate the future of the following Ordinary Annuities. Round to the Nearest cent when necessary. Annunity Payment ($3,000) Payment Frequency Every (6) Months Time Period (years) 10 Interest Compounded (Semiannually) Future Value Of The Annuity is What? Annuity Payment ($100...
Saturday, June 25, 2011 at 4:51pm by James

Algebra
How long will it take $7,000 invested at 5.5% compounded daily to grow to $14,000? Round your answer to the nearest tenth of a year.
Wednesday, December 2, 2009 at 11:35pm by Alexandra

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

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

Algebra
P dollars is invested at annual interest rate r for 1year If the interest is compounded semiannually then the polynomial P(1+r/2)^2 represents the value of the investment after 1 year. rewrite the expressions without parentheses evaluate the polynomial if P=5670 and r=3.5%
Monday, October 28, 2013 at 3:10pm by Tracy

Polynomials
P dollars is invested at annual interest rate r for 1year If the interest is compounded semiannually then the polynomial P(1+r/2)^2 represents the value of the investment after 1 year. rewrite the expressions without parentheses evaluate the polynomial if P=5670 and r=3.5%
Monday, October 28, 2013 at 7:59pm by Tracy

Finance
A building is priced at 125,000. If a down payment of 25,000 is made and a payment of 1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 9% compounded monthly.
Sunday, May 26, 2013 at 3:02pm by Aly

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/ compounded
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, September 29, 2012 at 5:04pm by carol

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

Finance
A 46-year-old man deposits a total of $2000 per period in an IRA until age 65. How much money will be in the account if the interest rate is 10% compounded semiannually with payments made at the end of each semiannual period?
Wednesday, October 20, 2010 at 12:21am by Katie

Algebra
Suppose that P dollars is invested in a savings account at interest rate I, compounded semiannually, for one year. The amount A in the account after one year is given by A = P(1 + i/2)^2
Thursday, April 16, 2009 at 6:18pm by Cassie

math
5670 is invested at a anual intrest rate 3.5% for one year. if the intrest is compounded semiannually then the polynomial P(1+r/2)^2 represent the value of the investment after one year
Monday, February 18, 2013 at 3:54pm by janae

Accounting
Alliant Corporation sold $100,000,000 face value 8% bonds. The bonds mature in 20 years and pay interest semiannually. The going market rate of interest on bonds of similar risk is 6%. How much will Aliant receive upon the sale of the bonds
Wednesday, May 1, 2013 at 1:17pm by Jessica

ACCOUNTING
if a company issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13%, receiving cash of $30,237,139 and interest on the bonds is paid semiannually how do you calculate the first semiannual interest payment and the amortization of the bond discount?
Monday, April 26, 2010 at 7:41am by BOB

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

compounded interest
$10,000 deposited into savings account day Katie was born 18th birthday 6.5% compounded monthly how much in the account on 18th birthday
Thursday, July 30, 2009 at 5:33pm by Mary

math
Can someone please double check my answers. 1. What pattern does the logarithmic function exhibit? a. y = b+a(lnx) b. y = a+b(lnx) c. y = ax+b d. y = axb I think A and B both look right..I just went with B. 2. Let f(x) = log6x and g(x) = log1/2x. For all x>1, f(x)>g(x) ...
Tuesday, June 18, 2013 at 6:42pm by mysterychicken

Math
Can someone please double check my answers. 1. What pattern does the logarithmic function exhibit? a. y = b+a(lnx) b. y = a+b(lnx) c. y = ax+b d. y = axb I think A and B both look right..I just went with B. 2. Let f(x) = log6x and g(x) = log1/2x. For all x>1, f(x)>g(x) ...
Tuesday, June 18, 2013 at 9:25pm by mysterychicken

Math
Tom and Lana both need $15,000 in 3 years. Tom finds an investment in which he can earn 8% compounded annually. Lana finds an investment in which she earns 7 7/8% interest compounded monthly. Who must invest more money now in order to get $15,000 in 3 years? How much more? ___...
Sunday, April 13, 2014 at 10:11pm by Missy

healthcare fiancare
HINT: 6% X $1,000,000 – {20% X ($1,000,000 – (6% X $1,000,000))} = 6% X $1,000,000 – {20% X ($1,000,000 - $60,000))}= 6% X $1,000,000 - {20% X $940,000}= 6% X $1,000,000 - $188,000 = $60,000 - $ 188,000= -$128,000 A) The interst due on a 10% loan of $1,000,000 at year end ...
Sunday, February 12, 2012 at 6:07pm by patricia

Finances and Math
I will do this one: "$5,000 compounded quarterly at 6% for 5 years" Amount = 5000(1.015)^20 = .... notice the value of i is .06/4 (compounded quarterly) and n = 5*4 = 20, the number of quarter years. Do the others the same way
Thursday, February 18, 2010 at 4:11pm by Reiny

finance
Find the amount of periodic payment necessary for the deposit to a sinking fund: A=50,000 n=semiannually , r=13%, t=15 yrs.
Saturday, November 23, 2013 at 4:14pm by lisa

Algebra
Suppose that P dollars is invested in a savings account at interest rate I, compounded semiannually, for one year. The amount A in the account after one year is given by A = P(1 + i/2)^2 I got help with a problem similar to this earlier, but I still do not understand. Thank ...
Thursday, April 16, 2009 at 7:52pm by Cassie

Business Calc
Determine when, to the nearest year, $3,000 invested at 5% per year, compounded daily, will be worth $10,000.
Thursday, November 8, 2012 at 2:04pm by Jamie

math
Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly
Wednesday, July 3, 2013 at 9:36am by Anonymous

Business Math
Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly.
Thursday, June 27, 2013 at 10:22pm by Tee

business math
compute the amount of compound interest earned in 1 year for an investment of 1,000,000 with a nominal interest rate of 8% compounded quarterly.
Monday, January 13, 2014 at 12:42pm by jess

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

algebra
What is the monthly deposit required to accumulate to a fund of $1,000,000 over a period of 40 years with deposits starting at the end of the first month and bearing an interest rate of 8% compounded monthly? S(n) = $1,000,000] i = .08/12 = .00666... n = 40(12) = 48 R = S(n)(i...
Thursday, December 8, 2011 at 6:57pm by tchrwill

math
A & B Antiques issued the following bonds: Date of issue and sale: April 1, 20-1 Principal amount: $430,000 Sale price of bonds: 100 Denomination of bonds: $1,000 Life of bonds: 10 years Stated rate: 8%, payable semiannually on September 30 and March 31 Prepare journal entries...
Friday, March 14, 2014 at 10:05pm by lol

Math
Bonds pay interest semiannually and interest is not compounded. "Traditional" accounts, like bank savings accounts, pay interest monthly (usually) and add it to the principal. 1. The "traditional account", will have 5000 - X invested in it, initially, if the bond account gets ...
Tuesday, May 11, 2010 at 10:26pm by drwls

math
Let's count by ten thousands from 500,000. 510,000 520,000 530,000 540,000 550,000 560,000 570,000 580,000 590,000 600,000 Which of those numbers is closest to 598,587 ?
Wednesday, March 25, 2009 at 8:00pm by Ms. Sue

Finance
Lin Lowe plans to deposit $1,800 at the end of every 6 months for the next 15 years at 8% interest compounded semiannually. What is the value of Lin's annuity at the end of 15 years? (p. 317)
Sunday, May 5, 2013 at 3:28pm by D Johnson

Mathematics
Project A requires an initial outlay of $6,000,000 but will return $4,000,000 at the end of each year 1, 2, 3 and 4 whereas project B requires an initial outlay of $2,400,000 but will return $3,500,000 at the end of years 1, 2, 3 and 4. (i) calculate the NPV of each project if...
Tuesday, June 22, 2010 at 3:02am by Gibbons

Microeconomics
Am I calculating the Marginal Revenue when you get the quantity for the price of $6,000.00? I get zero? Is this right? Quantity=Q Price=P Total Revenue-TR Fixed Cost=FC Margin Cost-MC Marginal Renenue=MR ___P_____Q______TR________MC____MR $8,000|5,000|40,000,000|$1,000|$8,000...
Monday, October 6, 2008 at 11:46am by G

Maths Investments
amount after the first 2˝ years = 60000(1.035)^7 = 76336.756 I will assume that the rate for the remaining 1˝ of 5.6% is also compounded semiannually amount at end of 4 years = 76336.756(1.028)^3 = 82930.26
Tuesday, June 26, 2012 at 7:17am by Reiny

Math
What is the percent increase in the population for all six inhabited continents from 1950 - 2000? 1950 2000 N.America 221,000,000 305,000,000 S.America 111,000,000 515,000,000 Europe 392,000,000 510,000,000 Africa 229,000,000 889,000,000 Oceana 12,000,000 32,000,000 Antarct. 2...
Friday, August 28, 2009 at 4:34pm by Anonymous

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

math
A deposit of $2,000 earns interest at a rate of 14% compounded quarterly. After two and a half years the interest rate changes to 13.5% compounded monthly. How much is in the account after six years?
Monday, July 18, 2011 at 11:53pm by Anonymous*

value of money
A deposit of $2,000 earns interest at a rate of 14% compounded quarterly. After two and a half years the interest rate changes to 13.5% compounded monthly. How much is in the account after six years?
Friday, July 8, 2011 at 2:55pm by nmh

MAAAATTTTHHHHHH
Franco invests some money at 6.9%/a compounded annually and David invests some money at 6.9%/a compounded monthly. After 30 years, each investment is worth $25 000. Who made the greater original investment and by how much?
Saturday, May 26, 2012 at 11:05am by Maame

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

math
Twenty years ago Gabe invested $2,000. For the first ten years he earned 13% compounded semi-annually. For the next ten years he earned 8% compounded quarterly. What was the value of the investment now, at the end of the 20 years?
Wednesday, February 19, 2014 at 11:37pm by ricky

Math
Alice requires $10,000 in two years. If the interest rate is 6% and compounded quarterly, how much must Alice place in the account to have the required amount? (a) $ 6,274.10 (b) $ 8,877.10 (c)$ 8,573.40 (d) $ 5,000.00 (e) $ 10,000.00
Monday, November 7, 2011 at 2:49pm by Anonymous

math correction
I had asked on these problems previously but here is my final answers are they correct now... Problem #1 Find the simple interest assume a 360-day year. Round result $17000 at 9%for 119 days. My answer: 504.90 Problem #2 Find compund amount for the deposit. Round to the ...
Friday, June 29, 2007 at 1:44am by student

Math
You're looking for a side of a right-angle triangle. Use the Pythagorean Theorem. a^2 + b^2 = c^2 15,000^2 + b^2 = 17,000^2 225,000,000 + b^2 = 289,000,000 b^2 = 289,000,000 - 225,000,000 b^2 = 64,000,000 b = 8,000 ft
Sunday, July 22, 2012 at 11:21am by Ms. Sue

math
Assume you have $1,000 and find a place to invest it that will give you 5% compounded annually. a. How long will it take your investment to be worth $1,500? b. Is it worth your while to run around and find another place which will give you 5% interest compounded daily? Explain...
Monday, November 4, 2013 at 10:26pm by Sammy

college math
Calculate the future value of an ordinary annuity consisting of annual payments of $1,000 for 4 years if the payments earn 10.70% compounded annually for the first 2 years and 9% compounded annually for the last 2 years. For full marks your answer(s) should be rounded to the ...
Monday, October 22, 2012 at 11:04pm by kerry

math
A lender gives you a choice between the following two 30-year mortgages of $200,000: Mortgage A: 6.65% interest compounded monthly, one point, monthly payment of $1283.93 Mortgage B: 6.8% interest compounded monthly, no points, monthly payment of $1303.85 Assuming that you can...
Friday, December 7, 2012 at 3:51pm by Logan

Math
Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of i) simple interest at 12%, or ii) a loan at 10% compounded monthly. Which loan results in less interest due ? b) What interest rate compounded quarterly will give an effective interest rate of 7% ?
Thursday, September 15, 2011 at 9:38am by Nieda

Math
How much money must be deposited now, at 6% interest compounded semiannually to yield an annuity payment of $4,000 at tha beginning of each six-month period,for a total of five years? Round your answer to the nearest cent. A. $38,120.80 B. $35,144.44 C. $29,440.36 My answer is...
Tuesday, November 27, 2007 at 9:52am by tchrwill

Math
A firm is evaluating two machines. The first costs $250,000 and will require annual maintenance of $30,000 per year for 10 years. At the end of 10 years, the salvage value will be $75,000. The second machine costs $400,000 and will require $225,000 at the end of the fifth year...
Friday, March 14, 2014 at 9:35am by MathHelp

calc2
At what constant, continuous annual rate should you deposit money into an account if you want to have $1,000,000 in 25 years? The account earns 5% interest, compounded continuously. Round to the nearest dollar.
Monday, May 16, 2011 at 1:06pm by CJ

business math
The parents of a child have just come into a lare inheritance and wish to establish a trust fund for the child's college education. If they estimate that they will need $100000 in 13 years, how much should they set aside in the trust now if they can invest the money at 8.5% ...
Monday, February 14, 2011 at 11:01pm by msh

Math, accounting, investments
A firm is evaluating two machines. The first costs $250,000 and will require annual maintenance of $30,000 per year for 10 years. At the end of 10 years, the salvage value will be $75,000. The second machine costs $400,000 and will require $225,000 at the end of the fifth year...
Thursday, March 13, 2014 at 11:09am by MathHelp

PLEASE HELP!!1
Does $1000 at a rate of growth of 12% compounded continuously grow more slowly than $120,000 at a rate of growth of 12% compounded continuously?
Monday, November 3, 2008 at 9:33pm by Kristy

another problem for checking - algebra
P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(q + r/2)^2 represents the value of the investment after 1 year. Rewrite w/o parenthesis and eval if P= $200 and r = 10% P(1 + r/2)^2 200(1 + r/0.10/2)^...
Monday, September 17, 2007 at 3:59pm by Nik

Finance
a client comes to you for an investment advice on his 500,000 winnings from the lottery. he has been offered the following options. what would be the best option 6% compounded interest quarterly for 5 years or 8% compounded annually for 5 years or 14.5% simple interest for 10 ...
Friday, June 29, 2012 at 8:12pm by Angel

Pre Calculus
interest 7%; investment $2000, compounded monthly - how much after 10 years. I am very close on this one but must be missing an important step: A(t) = 2,000(1 + .07/12)^(10)(12) A(10) = 2,000(1.0058)^120 A(10) = 2,000(2.0017 = 4003.4 However the answer is actual $4220.29 What ...
Sunday, July 26, 2009 at 4:07pm by Shellie

Finance
Gretta wants to retire in 13 years. At that time she wants to be able to withdraw $12,500 at the end of each 6 months for 10 years. Assume that money can be deposited at 12% per year compounded semiannually. What exact amount will Gretta need in 13 years?
Wednesday, October 20, 2010 at 12:21am by Katie

math
The Investment Problem. Suppose that Rod invests $1,000 at 6% compounded daily and Sheila invests $1,000 at 7% (per year) simple interest. In how many years will Rod’s investment be worth more than Sheila’s investment? Complete the following table to answer your question (the ...
Wednesday, July 15, 2009 at 5:27pm by Jessie

help
Since S=24,780 and P=10,000, you get r = (24,780/10,000)^(1/(5-1)] = 1.2546 = 125% Comment: The "1" might refer to the investment at the beginning of each year; then the 0.25 would be the interest rate. For example 10,000*(1+0.2546)^4 = $24,775 This would be the value after 4 ...
Sunday, November 1, 2009 at 10:49am by Judy

FINANCE
Carborundum Metals issues commercial paper with a face value of $1,000,000 and a maturity of three months. Carborundum receives net proceeds of $992,000 when it sells the paper. If the prime rate is 8% APR compounded quarterly, how much savings in interest did Carborundum ...
Tuesday, November 30, 2010 at 11:19am by KEVIN

Finance
Carborundum Metals issues commercial paper with a face value of $1,000,000 and a maturity of three months. Carborundum receives net proceeds of $992,000 when it sells the paper. If the prime rate is 8% APR compounded quarterly, how much savings in interest did Carborundum ...
Wednesday, December 1, 2010 at 7:00am by KEVIN

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? what is the cash equivalent savings by picking the better plan?
Wednesday, September 28, 2011 at 1:47pm by sabrina

Mathematics
Construct a schedule for the amortization of: (a) a debt of $15,000,000 with interest at 12% by 5 equal annual payments. (b) a debt of $25,000,000 with interest at 12.5% compounded semi-annually by making 6 equal semi-annual payments.
Tuesday, June 22, 2010 at 2:42am by Gibbons

Mathematics
Construct a schedule for the amortization of: (a) a debt of $15,000,000 with interest at 12% by 5 equal annual payments. (b) a debt of $25,000,000 with interest at 12.5% compounded semi-annually by making 6 equal semi-annual payments.
Tuesday, June 22, 2010 at 2:43am by Gibbons

math
The Derr-McGee Manufacturing Company plans to build a new $50,000 warehouse seven years from now. They plan to accumulate the $50,000 in an account before beginning construction. If money is worth 7% compounded annually, how much must each year?s deposit be in order to ...
Monday, August 1, 2011 at 9:37pm by anonymous##

math
Organization cost expense 12,000+3,000) $15,000 Patent ($20,000 + 2,000) $22,000 Furniture $30,000 Pre-opening expenses $40,000 Cash 107,000
Saturday, April 2, 2011 at 4:46pm by Anonymous

math
A couple purchasing a home budget $1700 per month for their loan payment. If they have $15,000 available for a down payment and are considering a 25-year loan, how much can they spend on the home at each of the following rates? (Round your answers to the nearest cent.) (a) 6.9...
Sunday, May 1, 2011 at 6:35pm by ryan

Math
Stacy requires $3,000 in three years to make a down payment on a new car. She will receive 8% compounded annually for the three years. How much must she invest today to have the $3,000 in three years? (a) $ 2,381.49 (b) $ 2,419.35 (c) $ 2,000.00 (d) $ 2,500.00 (e) $ 2,250.00
Thursday, November 3, 2011 at 8:22pm by Mike

business math
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? What is the cash equivalent savings by picking the better plan?
Wednesday, September 28, 2011 at 8:54pm by sabrina

algebra
how do you make a stem-and-leaf plot for numbers like this: 24,000 28,000 26,000 32,000 30,000 41,000 27,000 22,000 26,000 33,000
Monday, April 22, 2013 at 5:10pm by s

Finance
As Lynn stated, you did not specify how many years. For simplicity's sake, let's say they did this for 8 years amount = 5000 [ (1+.05)^16 - 1 ]/.05 = 118287.46 notice I divided the rate by 2, since it is compounded semiannually, and doubled the years, because there are 16 half...
Thursday, June 10, 2010 at 10:13pm by Reiny

math plz help me
A couple purchasing a home budget $1700 per month for their loan payment. If they have $15,000 available for a down payment and are considering a 25-year loan, how much can they spend on the home at each of the following rates? (Round your answers to the nearest cent.) (a) 6.9...
Monday, May 2, 2011 at 1:03pm by Anonymous

Econ
What would you pay today for a twenty year, 8% semiannual coupon bond with a face amount of $10,000 if you desired a 10% annual return (coumpounded semiannually)?
Sunday, September 20, 2009 at 6:01pm by Claire

Math
Amy Powell invested $8500 twice a year in an ordinary annuity at New York Securities for a period of 5 years at an annual interest rate of 10% compounded semiannually. Using the ordinary annuity table , calculate the total value of the annuity at the end of the 5-year period
Wednesday, February 27, 2013 at 9:24am by Melissa

Intermediate Accounting
For compounded annually R = rate, n = number of years FV = orig investment * ((1 + R)^n) 1,000,000 = 182,696 * (1 + R)^15 5 = (1 + R)^15 (15th root(5)) = 1 + R 1.11 = 1 + R .11 = R please check my math
Sunday, January 30, 2011 at 1:29pm by helper

Math
Serena wants to borrow $15 000 and pay it back in 10 years. Interest rates are high, so the bank makes her two offers: • Option 1: Borrow the money at 10%/a compounded quarterly for the full term. • Option 2: Borrow the money at 12%/a compounded quarterly for 5 years and then ...
Sunday, May 20, 2012 at 4:59pm by Maame

Math
A 30 year fixed rate $100,000 mortgage loan . The interest rate is 7.5% compounded monthly.After 20 years the bank is making an offer to refinance at a lower rate of 4.5% . The estimated closing costs are $3,000?
Monday, December 12, 2011 at 10:58am by wen

math compound interest
I can figure all of the other compound interest problems except these-In how many years would Ben's $100,000 take to be worth $250.000 if compounded annually at the rate of 6.5%?-Thanks and good night :)
Monday, January 16, 2012 at 10:38pm by lola

College Algebra and Finance
Please help! Just need the answer... A lender gives you a choice between the following two 30-year mortgages of $200,000: Mortgage A: 6.65% interest compounded monthly, one point, monthly payment of $1283.93 Mortgage B: 6.8% interest compounded monthly, no points, monthly ...
Friday, December 7, 2012 at 4:00pm by Logan

Pages: <<Prev | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next>>

Search
Members