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Compounded Interest

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Maths
Get Rich Quick Investments LTD offers 2 investment schemes. Scheme 1: Earn 6.5% interest per year, compounded monthly. Scheme 2: Earn 6.45% interest per year, compounded daily. An investor reasons that Scheme 2 should be the best because its interest rate is very close to 6.5...

Finance
A man stipulates in his will that $50000 from his estate is to be placed in a fund from which his three children are to each receive the same amount when they reach age 21. When the man dies (on January 2010), the children are aged 19, 15 and 13. The fund earns variable ...

Math~
Given Interest Rate 3.75% Compounded Quarterly Equivalent Interest Rate _?_% Compounded Semi-annually formula is: i2=(1+i)^(m2/m1) -1 the answer should be 3.77%. i have alot of similar questions like this...but i need to know how to get that same answer. i tried using the same...

calculus
Find the interest earned on $15,000,invested for 6yrs at 4% interest compounded annually

math
calculate the compound interest on an investment of $18,000 at 8% interest compounded quarterly for 15 months.

Algebra
5670 compounded annually at a 3.5 interest rate once a year yields what in interest

annuities
7. Find the nominal interest rate that is equivalent to 18%/a, compounded quarterly, if interest is paid monthly.

business math
Manually calculate the compound interest on an investment of $8500 at 6% interest, compounded semiannually, for 18 mo.

Math
How is the principal payment calculated before interest is addes if; P = 50,000 interest = 9% and compounded for 7 years

math(compunded interest )
9. FIND THE EFFECTIVE RATE THAT IS EQUIVALENT TO: i) 4 1/2 percent compounded semi annually ii) 12 percent compounded daily

Business Math
1. Lee Holmes deposited $16,700 in a new savings account at 6% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,700 at 6% interest compounded semiannually. At the end of year 6, what is the balance in Lee’s account? 2.Bill Moore is...

math
Jim wants to deposit money in an account to save for a new stereo system in two years. He wants to have $4,000 available at the time. The following rates are available to him: 6.2% simple interest 6.1% compounded annually 5.58% compounded semiannually 5.75% compounded ...

Math Refinancing Question
A person purchased a $205,107 home 10 years ago by paying 10% down and signing a 30-year mortgage at 8.1% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 15-year mortgage at 4.5% compounded monthly. How much ...

Math - Compound
If a bank offers interest at a nominal rate of 6%, how much greater is the effective rate if interest is compounded continuously than if the compounding is quarterly? I don't get this question at all... All I'm given is the rate and how am I suppose to compare compounded ...

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 ...

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 ...

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 ...

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 ...

Plz Hel, word problem:)
I have tried hard to solve, but I'm stuck.... Let’s 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 ...

math
you deposit $750 in an account earning 10.3% interest compounded monthly. Find the interest earned in 6 months.

math 111c
how long will it take for $2600 to grow to $20,400 at an interest rate of 6.1% if the interest is compounded continuously?

Finance
An investment pays 9 percent interest compounded semi-annually. What is the effective annual interest rate?

math
What is the answer to financial polyminals P= 5670 + r = 3.5% P dollars is invested at annual interest interest is compounded semiannually

Math
If a bank pays 2.4% interest compounded monthly on its certificate of deposit. What is the effective interest rate on annum

math
Manually calculate the compound interest on a 13% loan of $1,600 for three years if the interest is compounded annually.

Math
From January 1, 2000 to December 31, 2004, First Bank paid 5% interest, compounded monthly. On January 1, 2005, they lowered their rate to 3% interest, compounded monthly. I deposited $100 at the end of each month beginning in January, 2000. How much did I have in my account ...

math
The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $100,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...

math
The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $110,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...

Compounded Interest
) An investment of $37,000 was deposited in the bank. Interest was computed on a semiannual basis and was kept there for 10 years. If the maturity value of this investment is $74,000, at what interest rate was it invested?

Fins nance business
1. Find the future value of current $1,000 5 year from now when annual interest rate 8% is compounded annually 2. Find the present value of a future value (1,000) four years from now when annual interest rate 8% is compounded quarterly. 3.Find the present value of a four year...

math
Rochelle deposits $350 in an account that earns 6% annual interest, compounded quarterly. How much money will be in the account in 8 years? 350(1.06)^32 =2258.685339 Can anyone check what I'm doing is correct or not? Janet deposits %150 every month in an account that earns 6% ...

math
find how much interest $15,000 earns in two years in a certificate paying 4.5% interest compounded quarterly?

Math
Find how much interest $15,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.

math
you deposit $2200 in an account that pays 3% interest, after 15 years you withdraw, what is the balance if the interest is compounded continuously

maths
At what rate of interest per annum, the amount ` 10, 000/- will be doubled in 5 years, interest being compounded quarterly?

account
at what rate of interest per annum,the amount of 10000 will be doubled in 5 years,interest being compounded quarterly

math
at what rate of interest per annum,the amount of 10000 will be doubled in 5 years,interest being compounded quarterly

math
Brianna invests $3,500, at 12% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment.

Math
Find how much interest $25,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.

math
Carla invests $3,000, at 8% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment.

math/compound
Calculate the interest earned on an investment of 2500 invested at an interest rate of 6.15%/a compounded quarterly for 10 years.

Algebra
Find the principal when the amount in the account is 11,000 and rate of interest is 3.45 percent compounded interest is quarterly for 2.5 years.

12th grade Math - word problems
#1.) The population of bacteria after t hours is given by P(t) = 500/(1+83.33e^-0.162t) a.) What is the initial population? b.) When will the amount of bacteria in the population be 12? #2.) Which investment yields the greater amount after 4 years? a.) $900 at 9% interest ...

TU
what is the interest of $25,000, invested for 7yrs at 7% interest compounded

Math
When interest is compounded once a year, the formula for compound interest is A=P(1+r)t in the formula, A represents the amount of money after t years, p represents the principal, and interest rate written as a decimal. If p=$500 r=3% and t=2 What is the amount of compound ...

Finite Math
The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $110,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...

math
What would be the compounded interest on $8,000 invested for onr year AT 6%, compounded quarterly? Round your answer to the nearest dollar. Please explian how you got your answer thanks

math
find the accumulated value of an investment of 25,000 for 4 years at an interest rate of 5%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.

Math
find the accumulated value of an investment of 20,000 for 3 years at an interest rate of 7%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.

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 ...

Math
A $20,000 deposit was placed in a bank paying 5.75% interest compounded quarterly. After 12 months, how much interest was earned.

algebra
If $6,000 is placed in an account with an annual interest rate of 3%, how long will it take the amount to triple if the interest is compounded annually?

investing
Lily invests $4,000, at 6% interest, compounded quarterly for 5 years. Calculate the compound interest for her investment by using Table 11-1.

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...

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...

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...

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...

Math
At the end of each quarter, a 50-year-old woman puts $3000 in a retirement account that pays 5% interest compounded quarterly. When she reaches 60, she withdraws the entire amount and places it in a mutual fund that pays 6.9% interest compounded monthly. From then on she ...

Math 20(interest rates)
Determine the amount of interest charged on a loan of $5000 at 6.75% per annum, compounded semi-annually for 3 years.

math
you deposit $2200 in an account that pays 3% annual interest. after 15 years, you withdraw the money. what is the balance if the interest is compounded continuously?

math
find the interest rate to the nearest hundredth of a percent that will produce $2500, if $2000 is left at interest compounded semiannually for 4.5 year

math
If $8000 is invested in an account for which interest is compounded continuously, find the amount of the investment at the end of 12 years for the following interest rates. a) 2% b) 3% c) 4.5% d) 7%

algebra
Find the doubling time of an investment earning 7% interest if interest is compounded continuously is ____years. Round to the nearest tenth of a year.

Maths
Peter deposit k180600 with bsp which offers 6 1/4% per annum interest. Calculate the interest earned after 6 years if it is compounded:

Maths
Peter deposit k180600 with bsp which offers 6 1/4% per annum interest. Calculate the Interest earned after 6 years if it is compounded:

Mathematics and investment
1. Angelo wants to renovate his house in 3 years. He estimates the cost 300,000. How much must Angelo invest now at 8% compounded quarterly in order to have 300,000 3 years from now. 2. Angelo Ancis want to save 500,000 in 5.5 years to renovate their rest house. If the bank is...

finance
14. Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously. Which account provides the ...

math(compunded interest )
6.how long will it take for a sum of money to quadruple at 10 percent compounded annually ? 7. At what rate compounded semi-annually will RM2000 become RM 3500 in five years ?

math
If the interest on a sum is compounded quarterly, which of the following is necessarily true? a) The effective rate of interest is same for every year. b) The ratio of interest for the (m + 1) th year to m th year will be same as the ratio of interest for the (n + 1) th year ...

algebra
If $32,500 is invested at 69% for 3 years find the future value if the interest is compounded the following ways. annually, semiannually, quarterly, monthly, daily, every minute (N-525,600) continuously, simple (not compounded. Thank you for your time.

Algebra
If $32,500 is invested at 69% for 3 years find the future value if the interest is compounded the following ways. annually, semiannually, quarterly, monthly, daily, every minute (N-525,600) continuously, simple (not compounded. Thank you for your time.

fc college
Suppose you took loan from a bank of amount 800£ at 8% interest compounded semi-annually for three years. Find the compound interest.

Economics
Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is: a- 10 b-11 c-10.25 d-12

pre algebra
Use the compound interest formula to find the value of the investment after 5 years, compounded semiannually. $1,000 at 6% annual interest

algebra 2
you deposit $3500 in an account that earns 2.5% annual interest. Find the balance after one year if the interest is compounded with the given frequency.

Maths
Peter deposit k180,600.00 with BSP which offers 6 1/4% per annum interest. Calculate the interest earned after 6 years if it is compounded:

math
Suppose that $200 was deposited on 1st Jan 2000 into an account that earned 5% interest compounded semiannually. Suppose further that $200 was deposited on 1st Jan 2001 into a different account that earned 6% interest compounded semiannually. In what month of what year will ...

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 Lee’s account? I have tried and I...

Math Help Please!
A bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest 2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years? How much will you have ...

pre - CALCULUS
Use the compound interest formulas A = Pert and A = P(1 + 𝑟/n)^nt to solve. Suppose that you have $11,000 to invest. Which investment yields the greater return over 10 years: 6.25% compounded continuously or 6.3% compounded semiannually? Show your work.

math
This problem has to do with exponential models. The question says, you deposit $1600 in a bank account. Find the balance after 3 years for each of the following situations. The first one says: 1. The account pays 2.5% annual interest compounded monthly. 2. The account pays 1....

statistics please help!
A total of 8,000 dollars is invested at anunual interest rate of 1%. Find the balance after 1.5 years, if the interest is compounded annually. using A=p(1+r/n)^nt

math
an investor is considering investing £5000 over five years in a scheme which offers compound interest of 3.4% compounded annually. what is the total interest paid.

Finance
compound interest earned in an account that opens with $28,000, earns 2.4% interest compounded daily, and is held for 10 years. Assume 360 days in a year

Pre calc
Bo has $800 that he wants to turn into $1100 in 5 years. If interest is compounded daily, calculate the interest rate he would need to make this happen.

business math
Asia Desai deposited $6,000 in a savings account that pays 5.5 percent interest compounded daily. How much interest did she earn in 21 day

Math
Jungle Jim owes three debts: $500 due in one year plus interest at 6% compounded semi-annually, $2000 due in two years, $1000 due in three years plus interest at 5% compounded monthly. He wishes to discharge these debts by paying $500 now and two equal but unknown payments in ...

math
Jungle Jim owes three debts: $500 due in one year plus interest at 6% compounded semi-annually, $2000 due in two years, $1000 due in three years plus interest at 5% compounded monthly. He wishes to discharge these debts by paying $500 now and two equal but unknown payments in ...

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?

Business mathematics
Rm 200 was saved every month for four years in an account that pays 6% compounded monthly.find the accumulated value if the interest rate was changed to 8% compounded monthly after one year.

math
An amount of money is invested at 12%/a interest. Write an equation and solve it to determine the length of time it will take for the original amouunt to double if the interest is compounded annually.

Maths
Find the total amount required to pay off a loan of 16000 plus interest at the end of 8 years if the interest is compounded half-yearly and the rate is 14% p.a.

Mink high school MatheMatics
Peter deposit k180600 with bsp which offers 6 1/4%per annum interest. Calculate the interest earned After 6years if it is compounded:

MAth
Tammy Smith Deposits $5000.00 in First Internets Bank 5-year CD which pays 5.22% interest compounded monthly how much interest will she have in the account in 5 years?

Math
How much interest would be earned on $24,664.64 if the owner invest the full amount into an annuity in a regular compounded -interest account with the term of 4 years .

math
Rob has a balance of 1695$ in his bank account The account pays 2.9% interest per year, compounded annually. The compound interest formula is A=P(1+i)^n A=future value\P=principal/i+interest rate/n=number of payments rods balance will reach 3000$ after how many years?

math
The amount of money in an account with continuously compounded interest is given by the formula A = Pert, where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the hundredth of a year how long it takes for an amount of money to ...

Math/Algebra
Jeremy opened two saving accounts at the beginning of 2010, each with an initial deposit of $4,000. Account A earned simple interest, and account B earned interest that was compounded annually. By the end of 2012, which account earned more interest, and how much more interest ...

math 10
Theo deposited $1,250 in a savings account that pays 6% interest, compounded quarterly. What was his balance at the end of the second quarter after the interest had been added?

algebra
Find the amount of compound interest earned in an account that opens with $21,000, earns 4.2% interest compounded daily, and is held for 5 years. Assume 360 days in a year.

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