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March 30, 2017

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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...
May 26, 2012 by Maame

ALGEBRA
If $450 is invested in an account that earns annual interest of 3.5%, compounded semiannually, what will the account balance be after 15 years? (Round your answer to the nearest cent.)
November 26, 2011 by Daniel

ALGEBRA
If $835 is invested in an account that earns annual interest of 4.5%, compounded semiannually, what will the account balance be after 13 years? (Round your answer to the nearest cent.)
April 29, 2012 by Mike

ALGEBRA
If $835 is invested in an account that earns annual interest of 4.5%, compounded semiannually, what will the account balance be after 13 years? (Round your answer to the nearest cent.)
April 29, 2012 by Mike

ALGEBRA
If $835 is invested in an account that earns annual interest of 4.5%, compounded semiannually, what will the account balance be after 13 years? (Round your answer to the nearest cent.)
May 19, 2012 by Monic

Algebra
If $625 is invested in an account that earns annual interest of 5.5%, compounded semiannually, what will the account balance be after 8 years? (Round your answer to the nearest cent.)
May 28, 2012 by Diane

math
If $425 is invested in an account that earns annual interest of 7.5%, compounded semiannually, what will the account balance be after 11 years? (Round your answer to the nearest cent.) $ 1
August 20, 2012 by Anonymous

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% ...
February 12, 2012 by tina

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?
July 18, 2011 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?
July 8, 2011 by nmh

ALegbra
If an apartment complex will need painting in 3 1/2 years and the job will cost $25,000, what amount needs to be deposited into an account now in order to have the necessary funds? The account pays 8% interest compounded semiannually. (a) State the type of the problem. future ...
May 16, 2014 by Mary Ann

algreba with application
If $795 is invested in an account that earns annual interest of 5.5%, compounded semiannually, what will the account balance be after 5 years? (Round your answer to the nearest cent.)
November 27, 2011 by Anonymous

college math
An initial investment of $1000 is appreciated for 4 years in an account that earns 6% interest, 2) compounded semiannually. Find the amount of money in the account at the end of the period.
March 31, 2013 by lisa

Business Calc
We deposit $19000 into an account earning 3% interest compounded semiannually. How many years will it take for the account to grow to $47500 ? Round to 2 decimal places.
March 8, 2014 by Jessica

Check Answer!!
You deposit $4,300 in an account earning 3.5% interest compounded semiannually. How much will you have in the account after 9 years? 4300(1+.035/2)^(2x9) ~~ 5876.08
December 7, 2016 by Anonymous

Math
Roiger made deposits of $900 semiannually to the bank, which pays 6% interest compounded semiannually. After 7 yrs., he makes no more deposits. What would be the balance in the account 8 yrs. later from the last deposit?
August 5, 2011 by Diane

math
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. Option 1: 6...
January 1, 2013 by yolanda johnson

math
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. Option 1: 6...
January 1, 2013 by yolanda johnson

Economics
Given the following data, use present worth analysis to find the best alternative, A,B, or C. A B C Initial cost $10,000 15,000 $12,000 Annual benefit 6,000 10,000 5,000 Salvage value 1,000 −2,000 3,000 Useful life 2 years 3 years 4 years Use an analysis ...
September 30, 2014 by Anonymous

Algebra ASAP
Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account after 3 years if interest is compounded daily...
August 3, 2015 by Fay

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 don't know how u do this sorry, your homework!!!!!!!!!!!!!!!!!! Double post. I answered this below.
September 19, 2006 by please i need help.Dan

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
September 17, 2012 by Lynn

Business Finance
You choose to invest your $3,560 income tax refund check (rather than spend it!) in an account earning 5% compounded semiannually. How much will the account be worth in 5 years?
October 5, 2016 by Anonymous

Business Finance
You choose to invest your $3,560 income tax refund check (rather than spend it!) in an account earning 5% compounded semiannually. How much will the account be worth in 5 years?
October 5, 2016 by Anonymous

algebra
$7,000 is invested into two accounts: 4,000 into an account paying 5% interest compounded monthly and $3,000 into an account paying 4.1% interest compounded continuously. compute the total interest earned at the end of 2 years.
October 31, 2011 by Anil

Math
A boat costs $92,000 and depreciates in value by 15% per year. How much will the boat be worth after 10 years? 18,112.45 78,200 18,941.98 69,000 18,112.45 A $6000 principal earns 8% interest compounded semi annually after 35 years. What is the balance? A. 22,800 B. 39,600 C. ...
February 6, 2014 by Anonymous

Math
A man buys a house for $310,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 8 years. The interest rate on the debt is 11%, compounded semiannually. (a) Find the size of each payment. (b) Find the total amount paid...
August 5, 2016 by Anon

compounded continously
A saving account earns 4.3% compounded continously. How much needs to be deposit for a $12,000 after 3 years?
April 11, 2011 by Anonymous

math
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 16, 2011 by Vanessa

math
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 16, 2011 by Vanessa

Finance
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 17, 2011 by Vanessa

Finance
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 17, 2011 by Vanessa

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?
January 24, 2011 by Jen

math
a company will need $30.000 in 7 years for a new addition. To meat this goal the company deposits money in an account today that pays 7% annual interest compounded quarterly. find the amount that should be invested to total $30.000 in 7 years?
November 28, 2014 by Michelle

Math
Find the future value of an ordinary annuity that calls for depositing $100 at the end of every 6 months for 15 years into an account that earns 7% interest compounded semiannually. (Round your answer to the nearest cent.)
March 18, 2015 by Allyssa

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

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.
July 3, 2011 by nichole

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
July 3, 2011 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
July 3, 2011 by nichole

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 ...
February 15, 2013 by janae

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. ...
March 15, 2014 by John

Math
Myrna Lewis wishes to have $4,000 in four years to tour Europe. How much must she invest today at 8% interest compounded quarterly to have $4,000 in four years?
July 4, 2014 by Peter

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?
March 29, 2012 by Linda

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
May 18, 2012 by Monic

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
January 18, 2012 by Step

Please Help
Find the present value of an ordinary annuity of $1,400 payments each made semiannually over 8 years and earning interest at 12% per year compounded semi-annually. ​ $6,954.70 $9,763.58 $14,148.25 $3,365.99 Thanks for the help
October 22, 2016 by Kal Jay

math
suppose that your bank pays 10% interest, compounded semiannually. Use table 12-2 of your text to find how much should be deposited now to yield an annuity payment of $400 at the end of every six months, for 4 years.
November 1, 2016 by Anonymous

quantitative reasoning
lee willis needs to save $16,000 to open up a hair salon in 5 years. what lump sum must Lee deposit today in order to have $16,000 in 5 years? Lee can earn 7.25% interest compounded quarterly
November 5, 2015 by jordyn

MTH 157
A company will need $50,000 in five years for a new addition.To meet this goal the company deposits the money in an account today that pays 4% annual interest compounded quarterly. Find the amount that should be invested to total $50,000 in 5 years. Thanks for the help!
July 31, 2015 by Kim

Math
Myrna Lewis wishes to have $4,000 in four years to tour Europe. How much must she invest today at 8% interest compounded quarterly to have $4,000 in four years? $4000 = x(1+ 0.02)^16 =$2,913.78
July 4, 2014 by High

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...
January 29, 2010 by Nashea

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?
August 2, 2013 by April

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.
June 10, 2010 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?
July 9, 2011 by Anonymous

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
February 4, 2012 by Samantha

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?
December 9, 2010 by ashley

math
Steve wants to have $25000 in 25 years, he can only get 3.2% interest compounded quarterly. his bank will guarantee the rate for either 5 or 8 years in 5 years he can get 4% compounded quarterly for the remainder of the term in 8 years he can get 5% compounded quarterly for ...
January 14, 2016 by Anonymous

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.
October 29, 2011 by Betty

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 ...
May 1, 2011 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 ...
May 2, 2011 by susie

Finance
When Samuel Pepys, the British diarist, lent his friend Lady Sandwich £100 in 1668, he charged her 6 percent interest. If the loan was due at the end of 1 year, how much would Lady Sandwich have had to pay if interest was (a) compounded annually, (b) compounded semiannually...
January 10, 2011 by Bryan

Physics
Suppose you have 100 g of radioactive plutonium-239 with a half-life of 24,000 years. How many grams will remain after (a) 12,000 years (b) 24,000 years (c) 96,000 years?
September 2, 2012 by b

Physics
Suppose you have 100 g of radioactive plutonium-239 with a half-life of 24,000 years. How many grams will remain after (a) 12,000 years (b) 24,000 years (c) 96,000 years?
September 2, 2012 by b

Math
A loan of $37,000 is made at 8.75% interest, compounded annually. After how many years will the amount due reach $93,000 or more?
October 8, 2016 by .

math
Osama invested Rs.8,000 for 3 years at 5% C.I in a post office. If the interest is compounded once in a year, what sum will he get after 3 years?
November 9, 2015 by Haroon Gondal

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.
April 9, 2012 by Cosumer math

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

College Algebra
A loan of 25,000 is made at 3.75% interest, compounded annually. After how many years will the amount due reach 42,000 or more?
December 3, 2015 by charlene

Math
if the union member is able to invest their $12,000 is a fund that pays 1.8% compounded continuously, in how many years will the future values be worth $20,000?
February 13, 2017 by DJ

math
Mr. puts $10,000 into a CD that pays 8.5% interest compounded monthly. If he keeps the money invested for 10 years, what will be the value at the end of 10 years?
June 12, 2011 by deb

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
November 7, 2011 by Anonymous

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 the first two years and 10.74% compounded monthy thereafter. What amount was owed on the loan after ...
August 2, 2009 by Sat

math
You are the financial planner for Johnson Controls. Assume last year’s profits were $760,000. The board of directors decided to forgo dividends to stockholders and retire high-interest outstanding bonds that were issued 5 years ago at a face value of $1,420,000. You have ...
October 23, 2014 by sara

Business Math
a) You have N$ 10,000 to invest, which you want to grow to N$ 100,000. If the bank offers you an interest rate of 6% p.a. compounded monthly, how long must you invest the money for (in months or years)? Round your answer to one decimal place. b) Instead of investing N$ 10,000...
February 15, 2017 by Lassen

math
Ed Long promised to pay his son $400 semiannually for 12 years. Assume Ed can invest his money at 6% in an ordinary annunity. How much must Ed invest to pay his son $400 semiannually for 12 years? 24 periods, 3% (Table 13.2)
November 16, 2011 by jackie

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 ...
August 5, 2009 by thara

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
February 9, 2012 by candela

Math
A $4,000.00 principal earns 5% interest compounded annually. After 4 years, what is the balance in the account? A. $500,000.00 B. $4,862.03 *** C. $4,600.00 D. $20,250.00
March 6, 2017 by Tana

Math
Ed long promised to pay is son $400 semiannually for 12 years. Assume Ed can invest his money at 6 % in an ordinary annuity. How much must Ed invest today to pay his son $400 semiannually for 12 years?
November 11, 2011 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 ...
October 23, 2009 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 ...
October 25, 2009 by tiff

mth 156
a company needs $55,000 in 7 years for a new addition. To meet this goal, the company needs to deposit money in an acct today that pays 5% annual interest compounded quarterly. What amount should the company invest to total $55,000 in 7 years? Thanks!
August 5, 2015 by Bella

math
future amount needed $6,000 interest rate is 3% compounding period semiannually investment time 8 years what would the present value be
May 22, 2015 by Anoymous

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?
March 26, 2010 by Thara!

ALGERBRA
Here are two ways of investing $30,000 for 20 years: Periodic Deposit $1,500 at the end of each year Rate 5% compounded annually Time 20 years
May 29, 2014 by JOHN DUNN

Math
If the inflation rate averages, 3% per year compounded annually for the next 5 years, what will the car currently selling for $17,000 cost 5 years from now?
March 14, 2017 by Homework Help

math
find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the end of each year for N years, at an interest ...
September 24, 2006 by john

math
RM65000 will be invested for 6 years 9 months. if the investment will be offered 5% compounded semi annualy for the first 2 years, 6% compounded monthly for the next 18 months and 7% compounded daily for the rest of the period ,find the future value of this investment.
April 20, 2014 by fizz

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?
September 28, 2011 by sabrina

Business Math
Bond Pricing: A 20-year corporate bond has a maturity value of $25, 000 and coupons are paid at 5% at the end of each year. If an investor wants to earn a yield of 7% compounded semiannually, what should she or he pay for this bond?
November 27, 2016 by pypski

checking answers please help
1. $5000.00 compunded annually at 6% for 5 years= $6,691.1279 or $6,312.38? 2. $5000.00 compounded quartley at 6% for 5 years= $6,719.5819 or 8,744.37? 3. $5000.00 compounded quartley at 65 FOR 5 YEARS= $6,734.2750 or 3,64.86? 4. $5000.00 COMPOUNDED ANNUALLY FOR AT 6% FOR 6 ...
January 29, 2010 by Nashea

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 ...
July 26, 2009 by Shellie

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...
January 29, 2010 by Nashea

math
RM65000 will be invested for 6 years 9 months. if the investment will be offered 5% compounded semi annualy for the first 2 years, 6% compounded monthly for the next 18 months and 7% compounded daily for the rest of the period ,find the future value of this investment. what is...
April 24, 2014 by fizz

math
RM65000 will be invested for 6 years 9 months. if the investment will be offered 5% compounded semi annualy for the first 2 years, 6% compounded monthly for the next 18 months and 7% compounded daily for the rest of the period ,find the future value of this investment. what is...
April 24, 2014 by melina

math
RM65000 will be invested for 6 years 9 months. if the investment will be offered 5% compounded semi annualy for the first 2 years, 6% compounded monthly for the next 18 months and 7% compounded daily for the rest of the period ,find the future value of this investment. what is...
April 25, 2014 by amy

Math
Write a compount interest function to model each situation. Then find the balance after the given number of years $27,000 invested at a rate of 3.75% compounded quarterly; 3 years
April 14, 2015 by M

Financial mathematics
$800,000 if your rate of return is 5.3% compounded monthly If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?
December 19, 2016 by Adalheidis

Math
(a) Themba wants to deposit a sum of money into a savings account so that he will have R30 000 in 3 years time for an overseas holiday how much money must he deposit into the account if the interest paid on the savings is 8,5% p.a (b) R1 000 is deposited in a savings account ...
August 26, 2014 by Lesedi

arithmetic
28,000 X .05% compounded for 33 years =
September 19, 2013 by tom

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