Monday

December 5, 2016
Number of results: 8,287

**Math Check**

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*

**maths**

You deposit $10,000 in an account earning 4% interest compounded monthly. a. How much will you have in the account in 25 years? b. How much interest will you earn?

*July 18, 2012 by mary*

**math**

How did they get to this answer can someone explain the steps. Directions: Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 15,000; 12.1% interest compounded quarterly for 6 yrs. answer: $518,017.56 I assume R is the...

*June 19, 2007 by student*

**math**

Compute the compound quarterly amount after 1 year for $100 invested at 12% interest compounded quarterly. What simple interest rate will yield the same amount in 2 years?

*April 1, 2012 by matt*

**Finance**

You can save $ 1,500 each year in saving account that pays 4% interes quarterly. How much will you have in 5 year? What if interest was compounded semi annual? What is interest was compund annual?

*April 22, 2016 by Ronny santos*

**Finance**

You can save $ 1,500 each year in saving account that pays 4% interes quarterly. How much will you have in 5 year? What if interest was compounded semi annual? What is interest was compund annual?

*April 23, 2016 by Ronny santos*

**Compund Interest **

Bobby needs to save $10,000 for school in the next two years. He found a bank that offers a 10% interest rate compounded annually. What does he need to deposit at the beginning of the year to have enough money for school?

*July 26, 2013 by Wendy*

**Foundations Math 12**

48 weeks ago, Gabriella invested at 3.9% interest, compounded weekly. Today, her investment is worth $225.50. How much interest has Gabriella's account earned in the past 48 weeks?

*February 16, 2014 by Leah*

**math**

If 3000 dollars is invested in a bank account at an interest rate of 9 per cent per year, find the amount in the bank after 5 years if interest is compounded annually

*February 19, 2015 by Anonymous*

**math**

Sally invests some money at 6%/a compounded annually. After 5 years, she takes the principal and interest and reinvests it all at a 7.2%/a compounded quarterly for 6 more years. At the end of this time, her investment is worth 14,784.56.how much did sally originally invest? I ...

*January 13, 2009 by Mae*

**programming**

Having troube with java, i am not a regular programmer, if anybody can help me out writting this program: write a program that takes two numbers from the java console representing, respectively, an investment and an interest rate(you will expect the user to enter a number such...

*February 4, 2010 by John*

**csci 120**

Write a function that computes the balance of a bank account with a given initial balance and interest rate, after a given number of years. Assume interest is compounded yearly

*October 25, 2014 by jaspreet*

**Math with business apps**

Young and Company owes bond holders $5,500 interest at the end of each quarter for the next five years. How much must they deposit now at 8% interest compounded quarterly to yield an annuity payments of $5,500?

*December 6, 2014 by Jenna*

**math & finance**

A bank offers a rate of 5.3% compounded semi-annually on its four year GICs(Guaranteed Investment Certificates). What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all three nominal rates?

*July 29, 2009 by Thara*

**Foundations Math 12**

Forty eight weeks ago, Gabriella invested money at 3.9% interest, compounded weekly. Today, her investment is worth $225.50. How much interest has Gabriella's account earned in the past 48 weeks?

*February 16, 2014 by Leah*

**compound interest**

At the beginning of every year, Molly deposits $200 in a savings account that offers an interest rate of 20%, compounded annually. The total amount that Molly will have in her account at the end of 3 years is

*August 26, 2014 by Anonymous*

**math**

Shannon invests $3,000, at 8% interest, compounded quarterly for one year. Use Table 11-1 to calculate the effective interest rate for her investment. (Round the effective rate to the nearest hundredth percent.)

*October 3, 2014 by Anonymous*

**BEHRIA**

A SUM OF $8000 IS INVESTED IN A SAVING ACCOUNT WHICH PAY THE INTEREST AT COMPOUNDED ANNUALLY .IF THE AMOUNT OF IN KEPT ON DEPOSIT FOR 6 YEAR WHAT WILL THE COMPOUND AMOUNT EQUAL? HOW MUCH INTEREST WILL BE EARNED DURING THE 6 YEAR

*January 14, 2016 by KAMRAN*

**Calculus with Analytical Geometry 1**

You take out a 15 year mortgage for $20,000 at the rate of interest 4% compounded monthly. If, after 5 years, interest rate drop and you wish to refinance. How much remains to be on your mortgage?

*February 9, 2016 by Sherianna*

**Precalc**

suppose you want to invest $60,000 for ten years. You can invest your money in a CD that earns 4% interest, compounded quarterly and has no risk, or you can invest your money in futures that ear 10% interest, compounded quarterly. However, the second investment has a 25% ...

*November 5, 2015 by Sophia*

**Statistics**

Mary has a savings account and is earning 10% annual interest compounded semi-annually. If she deposits $2,000 in the account every six months for three years, what will the future value of her account be? How much interest will she have earned?

*May 20, 2015 by Carrie*

**calculus**

the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given by P=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ] Find the monthly payment for a home mortgage of 300,000 that will be amortized over 30 yr with an ...

*March 11, 2012 by yessi*

**Math Check My Work Please 2**

15. Lisa takes a loan of $10,500 at a 9% simple interest rate for 7 years. a. How much interest will she pay after 3 years? b. How much interest will she pay in total for the loan? $2,835.00; $6,615.00 $8,280.00; $9,720.00* $13,598.00; $19,194.00 $28,350.00;...

*March 13, 2015 by SmartyPants*

**math**

Please help I know to figure out simple interest but what is the best way to figure out compound interest example 8,000 invested for one year at 6 % compounded quarterly (with the answer rounded to the nearest dollar

*January 10, 2008 by jameasen*

**Business Algebra**

Part I: 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 1 (refer to section on Mathematics of Finance in your text.): Invest $23,000 in a savings ...

*December 21, 2010 by Tracey*

**math**

Assume you have $1,000 and find a place to invest it that will give you 5% compounded annually. a. How long will it take your investment to be worth $1,500? b. Is it worth your while to run around and find another place which will give you 5% interest compounded daily? Explain...

*November 4, 2013 by Sammy*

**Corporate Finance**

A 15-year annuity pays $1,750 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the annuity?

*September 16, 2014 by Angela*

**Math! plz help!**

Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 10% compounded quarterly for the first 2 years and will be 9% compounded quarterly for the last 3 years. I solved for both which i got aFV= $10483.34 bFV= $16322.67 to get this ...

*April 21, 2010 by Thara!*

**math compound interest**

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

*January 16, 2012 by lola*

**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*

**MATH**

Ben Garrison invested $15,000 at 5% compounded daily in a credit union account that matures in 1 year. He also invested 20000 at 5.25% compounded monthly in a Silver Screen account that matures in 4 years. (a) What is the interest earned at maturity for both accounts? (b) What...

*February 12, 2016 by Beth*

**MATH HELP**

Ben Garrison invested $15,000 at 5% compounded daily in a credit union account that matures in 1 year. He also invested 20000 at 5.25% compounded monthly in a Silver Screen account that matures in 4 years. (a) What is the interest earned at maturity for both accounts? (b) What...

*February 16, 2016 by Sammy*

**Business Mathematics **

Jungle Jim owes three debts: $500 due in one year plus interest at 6% 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 one and two...

*June 24, 2013 by Leo*

**math**

Yumi's grandparents presented her with a gift of $11,000 when she was 8 years old to be used for her college education. Over the next 9 years, until she turned 17, Yumi's parents had invested her money in a tax-free account that had yielded interest at the rate of 5.5%/year ...

*December 9, 2013 by Jarrod*

**Finance - Loans problem please help**

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*

**Interest**

Jim opens a savings account with a deposit of $10,000. If the account has an annual interest rate of 6%, compounded quarterly, how much is in the account after one year? (Assume that he does not make any withdrawals. Round only your final answer to the nearest cent.)

*April 24, 2015 by Joe*

**Finance**

You just acquired a mortgage in the amount of $249,000 at 6.75% interest, compounded monthly. Equal payments are to be made at the end of each month for 30 years. How much of the first loan payment is interest? (Assume each month is equal to 1/12 of a year)

*February 14, 2015 by Kelsey*

**Math**

You deposit $10,000 in an account earning 5% interest, compounded semi-monthly (twice a month). You plan to leave the account untouched for 25 years. How much interest will you earn over the 25 years? Round your answer to the nearest cent.

*January 19, 2016 by Victoria*

**Mathematics**

A loan of $7,000,000 is being amortised over 48 months at an interest rate of 12% compounded monthly. Find: (a) the monthly payment; (b) the principal outstanding at the beginning of the 36th month; (c) the interest in the 36th payment; (d) the principal in the 36th payment ...

*June 22, 2010 by Gibbons*

**Mathematics**

A loan of $7,000,000 is being amortised over 48 months at an interest rate of 12% compounded monthly. Find: (a) the monthly payment; (b) the principal outstanding at the beginning of the 36th month; (c) the interest in the 36th payment; (d) the principal in the 36th payment ...

*June 22, 2010 by Gibbons*

**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**

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*

**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*

**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*

**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*

**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 ...

*April 25, 2012 by Need Help!!!*

**Business Math**

Solve the following by using the present value formula. Compound Amount- $700 Time Period(years)-8 years Nominal Rate (%)- 1.5 Interest Compounded monthly Compound Amount___________? Compound Interest _________?

*July 15, 2016 by Tracey*

**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*

**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*

**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*

**Maths**

What will become Rs 4630.50 in 1 and haif years ,if the rate of interest is 10% per annum compounded half yearly? At what rate per cent does compound interest on a sum of money becomes fourfold in 2 years?

*November 3, 2016 by Hussan*

**math**

f $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?

*February 29, 2016 by derr*

**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 ...

*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 ...

*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*

**Math**

The Problem: You win the grand prize on a game show. You have the following choices: Option 1: $1-million dollars paid as a $25 000 annuity every year over 40 years. Option 2: The present value of option 1 if the current interest rate is 4%, compounded annually. You ...

*February 11, 2016 by jordan*

**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*

**Business Math**

Solve the following by using the present value formula. Compound Amount- $675 Term of Investment-15 months Nominal Rate (%)- 2.7 Interest Compounded quarterly Present Value ___________? Compound Interest _________?

*July 15, 2016 by Tracey*

**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*

**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*

**Math**

$500 in 15 years at 8% annual interest compounded semiannually.

*July 4, 2014 by Kgk*

**Math**

Find the effective rate of interest for 5% compounded monthly.

*September 18, 2015 by julie*

**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*

**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**

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*

**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*

**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*

**Math**

A person deposited 100000 in a bank for three years. The Bank paid interest at 8% per annum compounded half yearly during the first year and at 12% per annum compounded quarterly during last 2 years.What is his balance after 3 years

*November 20, 2016 by Shahzaib*

**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**

The compound interest on Rs.1,000 at 6% compounded semi-annually for 6 years is:

*November 9, 2015 by Haroon Gondal*

**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 *

**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 ...

*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*