Friday

July 31, 2015

July 31, 2015

Number of results: 7,206

**Math**

Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% intrest compounded semiannually. At the end of 6 years, what is the balance in Lee's account?
*November 3, 2011 by Linda*

**math115**

Steve was charged $75.00 interest for 1 month on a $3,000 credit card balance. What was the monthly interest rate? Give you answer as a percentage, round to the nearest tenth of a percent. 2.5% 2.If $5,600 is deposited into an account paying 5.325% interest compounded annually...
*October 3, 2009 by callie*

**math**

6% compounded interest quarterly for 5 years
*December 20, 2013 by Betty Wilcher*

**math**

find the effectivee rate correspoding to 3% compounded quarterly The formula for effective rate I found is (1+ i/n)^n - 1 where i is the annual rate as a decimal and n is the number of periods. Here i=.03 so the effective rate is and n is 4 since there are 4 compounding ...
*September 19, 2006 by john*

**Business Algebra**

I need to know the formula for these questions and just how to do them. If you could help please. As a financial planner a client comes to you for investment advice. After meeting with him and understanding his needs, you offer him the following two investment options: Option ...
*December 21, 2010 by Diane*

**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)^...
*September 17, 2007 by Nik*

**MATH HOMEWORK HELP PLEASE ANSWER**

Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% intrest compounded semiannually. At the end of 6 years, what is the balance in Lee's account?
*November 3, 2011 by Kelitis*

**Simple & Compounding Interest**

Suppose Kevin and Jill both deposit $4000 into their personal accounts. If Kevin’s account earns 5% simple interest annually and Jill’s earns 5% interest compounded annually, how much will each account balance show at the end of 5 years? Calculate the difference between each ...
*April 25, 2012 by Need Help!!!*

**Finance**

Kim has money in a savings account that earns an annual interest rate of 4.1%, compounded monthly. What is the effective rate of interest on Kim's account? Round to the nearest hundredth of a percent.
*April 2, 2014 by Lynn*

**high school**

Explain in your own words the difference between an account that is earning simple interest for 5 years and another account that is earning interest that is compounded annually for 5 years
*August 26, 2010 by kenneth*

**math models**

If $3800 is invested in a savings account for which interest is compounded quarterly, and if the $3800 turns into $4300 in 2 years, what is the interest rate of the savings account?
*October 12, 2013 by pamela*

**algebra**

when P dollars is invested at interest rate (I), compounded annually, for (t) years, the investment grows to (A) dollars, where A=P(1+I)^3. Find the interest rate if $40,960 grows to $49,130 in 3 yrs.
*April 22, 2014 by david*

**Finance**

. (TCO 3) Mark deposited $1,000 today, in an account that pays eight percent interest, compounded semi-annually. Which one of the following statements is correct concerning this investment? (Points : 3) Mark will earn more interest in year 4 than he will in year 3. Mark will ...
*January 28, 2012 by Anonymous*

**math**

$2700 at 9% interest compounded quarterlyfor 4 years
*May 25, 2010 by brittany*

**maths**

How much would £3100 be 8 yr compounded at 5.09% interest
*August 20, 2013 by Jan hall*

**annuaties**

Sally contributed $500 every six months for fourteen years into an RRSP earning interest at 7.5% compounded semi-annually. Seven years after the last contribution Sally converted the RRSP into an RRIF which is to pay her equal quarterly payments for sixteen years. If the first...
*August 1, 2011 by nikki*

**Finance**

A comp. has issued a bond with the following characteristics: Principal=1000, Time to maturity=20yrs. Coupon Rate=8%, compounded semiannually with semiannual payments. Calculate the value of this bond if the stated interest rate, compounded semiannually is 6% My attempt: 1000...
*March 11, 2008 by Teresa*

**Simple & Compounding Interest**

I am SO STUCK on this problem... PLEASE HELP ASAP!!! Suppose Kevin and Jill both deposit $4000 into their personal accounts. If Kevin’s account earns 5% simple interest annually and Jill’s earns 5% interest compounded annually, how much will each account balance show at the ...
*April 27, 2012 by Need Help!!!*

**MATH PLEASE HELP**

a) How much will the monthly payment on a five yr car loan that changes 8.1% interest (compounded monthly) if the amount borrowed is $12,000? b) How much total interest will be paid over the life of the loan for A i think it's 300?
*October 4, 2011 by MathHelp *

**Please Help me with a Finance - Loan 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...
*April 1, 2015 by Tina*

**math**

Jeanette wishes to retire in 30 years at age 55 with retirement savings that have the purchasing power of $300,000 in today’s dollars. 1. If the rate of inflation for the next 30 years is 2% per year, how much must she accumulate in her RRSP? 2. If she contributes $3000 at the...
*May 2, 2014 by nikki*

**calculus**

Choice 1: Payments of $ 2600 now, $3000 a year from now, and $3450 two years from now. Choice 2: Three yearly payments of $ 3000 starting now. Interest is compounded continuously. (a) If the interest rate on savings were 4.76 %,which would you prefer? (b) What is the interest ...
*September 16, 2010 by nic*

**Algebra**

Use the compound interest formula $18,000 is invested in an account paying 3% interest compounded quarterly. Find the amount of money in the account at the end of 10 years. (Show values substituted in the formula, and calculate the numerical amount.)
*July 28, 2009 by Jacinta*

**Math**

Using the compound interest formula A = P (1+ ((r)/ (n)) ^nt Find the amount of money in the account at the end of 10 years. (Show values substituted in the formula, and calculate the numerical amount.) $18,000 is invested in an account paying 3% interest compounded quarterly.
*July 31, 2009 by Breanna*

**algebra financial polynoomials**

Compounded annually, P dollars is invested at annual interest rate r for 2 years. If the interest is compounded annually, then the polynomial P (1+r)^2 represents the value of the investment after 2 years. Rewrite the expression without the parentheses. Evaluate the polynomial...
*May 15, 2013 by tia*

**math115**

Ms. Jefferson has been given a loan of $20,000 for 1 year. If the interest charged is $800, what is the interest rate on the loan?4% 2.A saleswoman is working on a 6% commission basis. If she wants to make $2,400 in one month, how much must she sell?$40,000 3.If $7,800 is ...
*October 3, 2009 by callie*

**Finance**

Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their first investment added $500 and invested it at Bank Bravo, at 5% compounded quarterly. a. What is the value of this ...
*April 11, 2014 by Mai*

**Math**

$500 in 15 years at 8% annual interest compounded semiannually.
*July 4, 2014 by Kgk*

**Finance**

Rick has a credit card that charges 19% interest compounded monthly. What is the true annual rate of interest for Rick's credit card?
*April 15, 2013 by Anonymous*

**Math**

Use the compound interest formula to solve: $18,000 is invested in an account paying 3% interest compounded quarterly. Find the amount of money in the account at the end of 10 years. (Show values substituted in the formula, and calculate the numerical amount.)
*July 29, 2009 by Breanna*

**math**

Fritz benjamin buys a car costing $12300. He agrees to make payment at the end of each month period for 8 years. He pays 7.2% interest compounded monthly. what is the amount of each payment? find the total amount of interest fritz will pay?
*April 15, 2012 by Sherry*

**college math**

A $8700 personal loan at 5.5% compounded monthly is to be repaid over a 4 year term by equal monthly payments. a) calculate the interest and principle component of the 18th payment b) how much interest will be paid in the third year of the loan?
*November 2, 2012 by sasha*

**college math**

A $8700 personal loan at 5.5% compounded monthly is to be repaid over a 4 year term by equal monthly payments. a) calculate the interest and principle component of the 18th payment b) how much interest will be paid in the third year of the loan?
*November 3, 2012 by sasha*

**Finance (Check Answer plz)**

A comp. has issued a bond with the following characteristics: Principal=1000, Time to maturity=20yrs. Coupon Rate=8%, compounded semiannually with semiannual payments. Calculate the value of this bond if the stated interest rate, compounded semiannually is 6% My attempt: 1000...
*March 11, 2008 by Teresa*

**Finance (Check Answer plz)**

A comp. has issued a bond with the following characteristics: Principal=1000, Time to maturity=20yrs. Coupon Rate=8%, compounded semiannually with semiannual payments. Calculate the value of this bond if the stated interest rate, compounded semiannually is 6% My attempt: 1000...
*March 12, 2008 by Teresa*

**Finance**

John deposited $1000 on 1st January 2011 in an account paying interest of 12% per annum compounded quaterly. He also deposited $800 (on 1st January 2011) in another account which pays 15% per annum effective interest. Find the time(n) when the two accounts will be equal value ...
*October 5, 2011 by Krishneel*

**Math**

Bank A is offering an interest rate of 6.60% compounded monthly, while bank B is offering an interest rate of 6.67% compounded quarterly. The effective rate offered by bank A =?%, while the effective rate offered by bank B = ?%.
*March 27, 2011 by Tracy*

**Math**

1. When their child was born, Elaine and Mike Porter deposited $5,000 in a savings account. The money ears interest at 6 percent compounded quarterly. How much will the account be worth when their child celebrates her second birthday? My answer= $5,632.46 2. Asia Desai ...
*March 24, 2015 by kk*

**Algebra**

I'm really stuck on these 2. Can you please explain the work clearly so that I can understand and find the answer easily, if already not given. Need help with these 2 please-- 19. Nancy invests $100 in one account for 10 years at a 9% interest rate compounded annually, and she...
*June 17, 2010 by mysterychicken*

**business in mathematics**

step by step solving plsss im very law in math so plss to solve step by step thanks.On August 1,1990, Mr.Talamos borrows 9,500 pesos and agrees to pay the compounded amont on the day he pays the debt. If interest is at the rate of 5 1/2% compounded quarterly, how much must Mr...
*September 17, 2014 by BM plss help *

**accounting**

Invest $5,000 in a savings account at 6.6% interest compounded monthly.
*April 23, 2010 by Betty*

**algebra**

Invest $5,000 in a savings account at 6.6% interest compounded monthly
*July 20, 2010 by bob*

**Math **

How much interest is earned on 20,000 at 6% for 2 yrs compounded annually?
*April 20, 2012 by Michelle*

**Math**

Principal 450.00 x interest rate 9.25 x compounded monthly x 4 years
*March 18, 2013 by Jeremy*

**compound interest**

Anny invests $3500 at %6 compounded monthly for 1 year
*July 5, 2014 by netta*

**Math**

Brian invests $4,000 at 12% interest compounded quarterly for 12 years.
*December 24, 2014 by Dena*

**Math**

Juanita invests $3,500, at 8% interest, compounded annually for 4 years?
*March 31, 2015 by sally*

**math(compund interest )**

10.On 16 April 1990, $5000 was invested at 6% compounded semi annually.Find the amount accumulated on 16 October 1993 if the rate was charged to 8% compounded quarterly beginning 16 april 1992. semi annualy compounding= (2 times in years) quarterly compounding= (4 times in a ...
*May 15, 2014 by fizz*

**Business**

Envision you have served as business manager for over two years. you noticed that for the last 12 months the business has regularly had cash assets of$20,000 or more at the end of each month.you have found a 6-month certificate of deposit that pays 6% compounded monthly.To ...
*September 23, 2009 by Kara*

**Math**

Please help me and show an understanding please, so I see how to figure them out. Lee deposited $28,000 in an interest-bearing checking account that earns 3.5% interest compounded daily. Find the amount after 68 days. a.$183.16 b.$28,180.46 c.$28,183.16 d.$180.46 On April 10th...
*February 20, 2015 by Marc*

**contemporary math**

Quinn and Julius inherited $50,000 each from their great-grandmother’s estate. Quinn invested her money in a 5-year CD paying 1.6% interest compounded semiannually. Julius deposited his money in a money market account paying 1.05% compounded monthly. How much total money will ...
*July 4, 2013 by Trish*

**Foundations Math 12**

Jie is investing $15000 and is choosing between two options. With Option A, the investment is compounded semi-annually and will grow to $20000 in 5 years. With Option B, the investment is compounded monthly for 5 years. The annual rate of interest is the same in both options. ...
*February 16, 2014 by Leah*

**Alg2**

Help....Help... Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money A you would have after t years...
*December 12, 2011 by Rock*

**Alg 2**

Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money A you would have after t years is given by ...
*December 13, 2011 by rock*

**calculus**

3. A deposit of ___(i)___is made into an account paying an interest rate of 5% compounded annually. How many annual payments of ___(iii)___can be made from this account? a) (i)$100,000 (ii)$10,000 b) (i)$200,000 (ii)$20,000 c) (i) 10x (ii) x d) (i) 10x (ii) x at r% compounded ...
*June 1, 2011 by erica*

**calculus**

The proprietor of Carson Hardware Store has decided to set up a sinking fund for the purpose of purchasing a computer 2 yr from now. It is expected that the purchase will involve a sum of 40000 dollars. The fund grows at the rate of dA/dt= rA+P where A denotes the size of the ...
*April 25, 2012 by help please.*

**math**

Using the present value formula you deposit $12,000 in an account that pays 6.5% interest compounded quarterly. A. find the future value after one year? B. Use the future value formula for simple interest to determine the effective annual yield?
*August 14, 2011 by marie *

**Math**

What is the final amount if you earn 5% interest compounded annually on $31,000 for 29 years
*October 22, 2010 by Anthony*

**algebra**

find the present value for $2000 if interest is 3.5% compounded quarterly for 6 years?
*December 4, 2010 by kathy*

**algebra**

How long will it take $1400 to double at 12% annual interest compounded quarterly?
*November 30, 2012 by Brad*

**Math**

If $32,500.00 is invested at 6.4% for 30 years, what is the future value if the interest is compounded continuously?
*February 16, 2013 by Mike*

**math**

what will the value of my investment be on $3000 at 6% annual interest compounded semi annually
*June 11, 2013 by michael*

**math**

What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually
*July 3, 2013 by Anonymous*

**math**

What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually?
*July 6, 2013 by dana*

**math**

What is the future value of $5000 earning 6% interest, compounded monthly, for 5 years?
*November 14, 2013 by sharon q.*

**math**

he compound amount on an investment of $8,500 at 12% interest, compounded quarterly, for 1 year.
*April 4, 2014 by tota*

**math**

the compound amount on an investment of $8,500 at 12% interest, compounded quarterly, for 1 year.
*April 4, 2014 by tota*

**business math**

Anny invests $8,500, at 6% interest, compounded quarterly for 12 years?
*March 31, 2015 by sally*

**MATH!!**

Joe and Susan invested $1500 at Bank of America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their investment added $500 and invested in at Bank Bravo, at 5% compounded quarterly. a) What is the value of this ...
*November 24, 2014 by Anna*

**college math**

Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it accumulates to 817.39 after 4 years. Find the annual nominal interest rate of the investment.
*October 13, 2011 by lianne*

**college math**

Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it accumulates to 817.39 after 4 years. Find the annual nominal interest rate of the investment.
*October 13, 2011 by lianne*

**Math**

Choice 1: Payments of $ 2600 now, $ 3200 a year from now, and $ 3880 two years from now. Choice 2: Three yearly payments of $ 3200 starting now. Modification: Interest is compounded continuously instead of annually. (a) If the interest rate on savings were 4.86 %, which would ...
*June 27, 2014 by Anonymous*

**calculus**

Choice 1: Payments of $ 2600 now, $ 3200 a year from now, and $ 3880 two years from now. Choice 2: Three yearly payments of $ 3200 starting now. Modification: Interest is compounded continuously instead of annually. (a) If the interest rate on savings were 4.86 %, which would ...
*June 27, 2014 by Anonymous*

**math- pre calculus**

you are depositing $1000 dollars in a savings account and are given the following options. 6.2% annual interest rate, compounded annually 6.1% annual interest rate, compounded quarterly 6.0% annual interest rate, compounded continuously for each option, write a function that ...
*March 3, 2010 by carly*

**Math Personal Finance**

Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) of 10% compounded quarterly. The compound interest formula is: Balance after t periods = Principal × (1 + r)t The final balance using the compound interest formula is $______.
*June 8, 2014 by Alexis*

**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**

Good day to you. How can I approach this math problem. "To save for a child's education, the Petersens deposited $2500 into an account that pays 6% annual interest compounded daily. Find the amount of interest earned on this account over a 20-year period". I try solving with ...
*October 23, 2011 by Cliff*

**calculus**

Assume the initial investment was $6600 and the annual interest rate to be compounded continuously is 5%. Assume also that the target amount is $7900. If you want the account to contain the target amount given above after 9 years, what yearly interest rate is needed?
*September 14, 2010 by nik*

**math**

A tractor bought for R120 000 depreciates to R11 090,41 after 12 years by using the reducing balance method. Calculate the rate of depreciation per annum if the rate was fixed over the 12 years, and calculate the effective interest rate if interest is 9,8% p.a., compounded ...
*April 8, 2015 by mihlali*

**Algebra 2**

Find the future value of $600 invested for 5 years at 8% interest compounded semiannually.
*August 25, 2011 by Chelsea*

**algebra**

find the amount of interest by the following deposit $3000 at 6.4% compounded semiannually for 2.8 years
*October 21, 2011 by beechst*

**algebra**

How many years and days will it take for a deposit of $700 to double at 4% interest compounded continuously?
*October 29, 2011 by BJ*

**Math**

If you deposit 1200.00 annually with 5% compounded interest, how many years will it take to get to a million dollars?
*March 11, 2012 by Molly*

**algebra**

Find the accumulated value of a CD of $20000 for 3 years at an interest of 3.1% if the money is compounded continously.
*November 30, 2012 by Brad*

**Algebra **

If I have 10000 dollars and the interest rate is .40% when will my money double if compounded anually?
*December 6, 2012 by Anonymous*

**Maths**

What is the present value of a 6 month Certificate at a simple interest rate at 14% compounded monthly?
*January 31, 2013 by Shervonne Hollis*

**pre calc**

How long would it take from 3000 to get to 8000 at 8% interest at compounded quarterly?
*February 11, 2013 by Anthony *

**Algebra 2**

Find the value of $1000 deposited for 8 years in an account interest compounded semiannually.
*March 24, 2013 by Gina*

**Math**

How long would it take to double your money at 15.86 percent with interest compounded annually?
*May 5, 2013 by Katie*

**trig**

If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in 5 years?
*February 12, 2014 by Mike*

**math**

Suppose 48,000 is invested at an interest rate of 4.2%, compounded quarterly. What will the account be in 10 years?
*March 25, 2014 by Anonymous*

**algebra**

what would the compound interest on 8000.00 invested for two years at 12% compounded semiannually be?
*May 13, 2014 by Anonymous*

**Algebra**

How much down is needed to get to 25000 at 8 percent interest compounded semianually for 3 .5 years
*May 19, 2014 by Anonymous*

**Algebra**

If $31,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded daily
*November 20, 2014 by Anthony*

**math**

compute the compound amount and the interest on a loan of $19,400 compounded annually for 6 years at 12%
*May 25, 2015 by Anoymous*

**Finite!!!**

John Buys a used car costing $6000. He agrees to make payments at the end of each monthly period for four years. He pays 12% interest compounded monthly. What is the amount of each payment? Find the total amount of interest John pays on the loan.
*December 13, 2011 by Kristen Morris:)*

**Math**

I really need some help with this one. Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found a 6-...
*October 23, 2009 by Stacy*

**Finance - Loans problem**

Reiny the answer 307.33 you posted at the bottom is coming up incorrect. please if you can help i would be very grateful. 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 ...
*April 1, 2015 by Anonymous*

**math**

find the compound ammount $1000 at 6% compounded annually for 8 years Use A=P*(1+i)^n where P=1000, i=.06 and n=8 P is the Principal, i is the annual interest rate expressed as a decimal,and n in the number of periods in the compounding period. BTW, are you the one who asked ...
*September 19, 2006 by john*

**Math!**

A credit Union pays 8.25% comppunded annually on 5-year compound-interest GICs. It wants to set the rates on its semiannulaly and monthly compounded GICs of teh same maturity so that investors will earnt eh same total interest. What should be the rates on the GICs with the ...
*March 26, 2010 by Thara!*