Thursday
February 11, 2016

# Search: Compounded Interest

Number of results: 7,621

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 ...
October 29, 2013 by Lara

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 ...
January 22, 2014 by Maxie

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 ...
January 24, 2009 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

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 ...
September 24, 2010 by Jesee

math
you deposit \$750 in an account earning 10.3% interest compounded monthly. Find the interest earned in 6 months.
January 13, 2010 by yusuf

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?
July 6, 2011 by shawn

Finance
An investment pays 9 percent interest compounded semi-annually. What is the effective annual interest rate?
January 31, 2013 by Tanya

math
What is the answer to financial polyminals P= 5670 + r = 3.5% P dollars is invested at annual interest interest is compounded semiannually
August 2, 2013 by mary

Math
If a bank pays 2.4% interest compounded monthly on its certificate of deposit. What is the effective interest rate on annum
January 24, 2016 by Latha

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 ...
September 21, 2015 by Anon

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 ...
September 23, 2014 by Anonymous

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 ...
November 3, 2014 by clare

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...
November 20, 2014 by J

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 ...
September 20, 2010 by Jamie

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?
November 21, 2010 by Anonymous

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% ...
February 5, 2016 by Y

math
find how much interest \$15,000 earns in two years in a certificate paying 4.5% interest compounded quarterly?
February 24, 2011 by laz

Math
Find how much interest \$15,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.
June 13, 2012 by Amanda

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
November 29, 2012 by Michelle

maths
At what rate of interest per annum, the amount ` 10, 000/- will be doubled in 5 years, interest being compounded quarterly?
September 29, 2013 by partha

account
at what rate of interest per annum,the amount of 10000 will be doubled in 5 years,interest being compounded quarterly
November 7, 2013 by ajaykumar

math
at what rate of interest per annum,the amount of 10000 will be doubled in 5 years,interest being compounded quarterly
November 7, 2013 by ajaykumar

math
Brianna invests \$3,500, at 12% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment.
April 3, 2014 by tota

Math
Find how much interest \$25,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly.
September 13, 2014 by Josh

math
Carla invests \$3,000, at 8% interest, compounded quarterly for 1 year. Manually calculate the compound interest for this investment.
January 2, 2015 by reva

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.
January 3, 2015 by parker

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.
March 5, 2015 by Dave

TU
what is the interest of \$25,000, invested for 7yrs at 7% interest compounded
September 5, 2011 by CC

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 ...
November 3, 2014 by Clare

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 ...
March 31, 2015 by Amy

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
November 9, 2007 by Anonymous

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.
June 5, 2011 by Norma

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.
April 8, 2013 by Keresha

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 ...
July 24, 2009 by Math

Math
A \$20,000 deposit was placed in a bank paying 5.75% interest compounded quarterly. After 12 months, how much interest was earned.
January 25, 2013 by Jim

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?
March 19, 2013 by alana

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.
July 6, 2014 by Everett

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: ...
June 29, 2013 by Anonymous

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: ...
December 22, 2013 by Amber

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: ...
December 23, 2013 by Amber

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...
April 6, 2008 by Terry B

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 ...
November 7, 2010 by dana

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.
October 2, 2010 by Sandi

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?
January 25, 2012 by sam

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
October 23, 2012 by amber

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%
February 20, 2014 by Anonymous

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.
December 1, 2014 by Ernie

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...
September 23, 2014 by mezell

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 ?
April 24, 2014 by fizz

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 ...
December 30, 2011 by Vaness

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.
May 14, 2014 by Mary Ann

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.
May 15, 2014 by Mary Ann

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 ...
February 28, 2014 by Tarun

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.
April 23, 2010 by ali

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
April 19, 2011 by mike

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
September 30, 2013 by india

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.
March 23, 2014 by Nekay

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 ...
February 19, 2012 by Seth

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 ...
October 12, 2011 by Lydia

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.
April 10, 2015 by Ciara

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....
March 9, 2008 by Cecilia

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 ...
April 6, 2015 by Kennabug

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
April 12, 2010 by mark

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.
April 23, 2010 by kenji86

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
August 1, 2012 by diamond

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.
November 12, 2015 by Mike

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?
November 13, 2012 by linda

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 ...
January 20, 2014 by Anonymous

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 ...
March 14, 2014 by MathHelp

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.
December 3, 2009 by Cyn

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.
June 18, 2013 by Shane

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?
October 3, 2013 by sam

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 ...
April 22, 2007 by Greg

Calc
Find the present value of \$14000 due in 9 years at the given rate of interest. (a) 2%/year compounded semiannually? (b) 5%/year compounded semiannually?
April 5, 2013 by Carl

alegbra/stressed
If \$32,500 is invested at 6.9% 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, and simple (not compounded. I don't know to set this up or how to ...
May 17, 2014 by Mary Ann

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 \$ ?
November 23, 2012 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 \$ ?
November 25, 2012 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 \$ ?
November 26, 2012 by Amanda

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?
January 5, 2010 by AR

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.
July 26, 2011 by MITAL

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 quarterly? so I figure you would get 2650.00 help please
September 2, 2011 by katie

math
Find the amount of compound interest earned in an account that opens with \$23,000, earns 3.3% interest compounded daily, and is held for 25 years. Assume 360 days in a year.
October 27, 2011 by Help

algebra
Find the amount of compound interest earned in an account that opens with \$24,000, earns 7.7% interest compounded daily, and is held for 15 years. Assume 360 days in a year.
December 19, 2012 by Anonymous

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 ...
April 19, 2015 by Tris

Lester deposited \$400 into a savings account earning 4.5% simple interest, and \$450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A \$986.00 B \$89.06 C \$9.60 D \$98.60
December 9, 2014 by DerpyPegasus33

Math
Need help solving this problem. If there's an equation at the end, need help in how to solve that also. Compounded interest problem. Principal \$825. Rate 4%. Compounded Annually. Time 10 years.
February 9, 2011 by J

pre-calculus
find (a) the compound amount and (b) the compound interest for the given investment and annual rate. a. \$5000 for 20 years at 5% compounded annually b. \$700 for 15 years at 7% compounded semiannually.
March 4, 2012 by romain

Can you help me with this math problem? ASAP plz!
Lester deposited \$400 into a savings account earning 4.5% simple interest, and \$450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A \$986.00 B \$89.06 C \$9.60 D \$98.60
December 9, 2014 by DerpyPegasus33

Finite Maths
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. How much must you invest each month in a mutual fund yielding 12.6% compounded monthly to become a millionaire in 10 years?
January 16, 2016 by kevin James

Math
Josh's grandparents established a college fund for him when he was born. They deposited \$8,200 into an account that earned 9.88% interest. Assuming Josh goes to college at age 18, how much money will he have if... a) ... the interest is calculated only once during the entire ...
April 13, 2014 by Maii

Personal Finance
Suppose you put in a savings account at an APR of 6% compounded monthly. Fill in the table below rounding your answers to the nearest cent. (Calculate the interest and compound it by hand each month rather than using the compound interest formula.) Month Interest Earned ...
June 8, 2014 by Alexis

Accounting
Calculate the future value of the following: o \$5,000 compounded annually at 6% for 5 years o \$5,000 compounded semiannually at 6% for 5 years o \$5,000 compounded quarterly at 6% for 5 years o \$5,000 compounded annually at 6% for 6 years • Answer the following: What ...
December 3, 2008 by Kim

Finance - Loans problem
A company borrows \$170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company sets up a sinking fund in order to repay...
March 31, 2015 by Anonymous

Engineering Economics
Hi there, I am having some trouble solving this problem, can you give some guidance as to the solution. What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of \$1000 is made at the end of year 11, and subsequent ...
January 27, 2009 by Marzi

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) ...
June 18, 2013 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) ...
June 18, 2013 by mysterychicken