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April 17, 2014

Search: Compounded Interest

Number of results: 8,390

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 ...
Tuesday, January 13, 2009 at 7:32pm by Mae

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?
Sunday, February 16, 2014 at 7:09pm by Leah

Finance
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 ...
Wednesday, October 20, 2010 at 12:20am by Tracey

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 ...
Tuesday, December 21, 2010 at 2:20pm by Tracey

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?
Thursday, November 3, 2011 at 3:46pm by Linda

Math
Simple interest is just: Interest = Principle x rate x time be sure to write % as a decimal to 5% = .05 and 3% = .03 You can add your interest to the original value to find the future value. Compounded annually: Future value = P(1+ rate)^time tiffany's problem: Future value = ...
Thursday, February 21, 2013 at 9:33am by JJ

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
Thursday, August 26, 2010 at 10:46am 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?
Saturday, October 12, 2013 at 9:49am by pamela

math 11
oh sry i forgot to ask these questions.. to help you answer this one its a long one 1.calculate the final value after 10 years if you invest 5000.0 at 2.5% compounded annualy 2.Calculate the amount of interest earned in 10 years on 1000.00 invested at 3.00% per annum, ...
Thursday, April 5, 2012 at 3:59pm by karen

Simple & Compounding Interest
Suppose Kevin and Jill both deposit $4000 into their personal accounts. If Kevinís account earns 5% simple interest annually and Jillís earns 5% interest compounded annually, how much will each account balance show at the end of 5 years? Calculate the difference between each ...
Wednesday, April 25, 2012 at 6:12pm 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.
Wednesday, April 2, 2014 at 7:42pm 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 ...
Saturday, January 28, 2012 at 10:39pm by Anonymous

algebra 2
Use A = PRn A=future amount P=principal (present value) R=rate of interest, 1.08 for 8% n=number of periods, number of years if the interest rate is compounded yearly.
Friday, December 3, 2010 at 8:06am by MathMate

math
Google is a wonderful thing! http://www.google.com/search?aq=f&sourceid=chrome&ie=UTF-8&q=how+to+calculate+interest+compounded+continuously
Friday, March 25, 2011 at 11:04pm by Writeacher

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?
Friday, July 26, 2013 at 6:54pm by Wendy

math
Question 3 Terry invests $3,000, at 10% interest, compounded semiannually for 12 years. Use the compound interest formula to calculate the compound amount for his investment. a. $9,675.30 b. $6,760.00 c. $6,663.28 d. $9,860.00
Thursday, October 31, 2013 at 7:39pm by Shelby

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?
Monday, April 15, 2013 at 9:30am by Anonymous

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?
Thursday, November 3, 2011 at 8:11pm by Kelitis

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...
Monday, August 1, 2011 at 8:33pm by nikki

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 ...
Tuesday, December 21, 2010 at 8:31am by Diane

ALGEBRA
Find the amount of compound interest earned in an account that opens with $27,000, earns 4.6% interest compounded daily, and is held for 25 years. Assume 360 days in a year. (Round your answer to the nearest cent.) I came up with $85,264.94 is this correct if not I need help!!!
Wednesday, November 23, 2011 at 3:05pm by MONICA

Algebra
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 invests $150 in an account for 10 years at a 6% interest rate compounded semi-annually. How much money will she have in the accounts after 10 ...
Monday, June 14, 2010 at 1:43pm by mysterychicken

Algebra
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 invests $150 in an account for 10 years at a 6% interest rate compounded semi-annually. How much money will she have in the accounts after 10 ...
Monday, June 14, 2010 at 5:20pm by mysterychicken

Algebra
compounded semi-annually A = 20 000(1.0225)^12 = 26 121.00 compounded quarterly ... you do it compounded monthly .... you do it compounded continuously A = 20 000(e^(.045(6)) = 26 199.29
Sunday, December 12, 2010 at 12:58pm by Reiny

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 Kevinís account earns 5% simple interest annually and Jillís earns 5% interest compounded annually, how much will each account balance show at the ...
Friday, April 27, 2012 at 10:32am by Need Help!!!

Simple & Compounding Interest
sierra deposits $500 into a new savings account that earns 5% interest compounded annually. if sierra makes an additional deposits or withdrawals, how many years will it take for the amount in her account to double?
Wednesday, April 25, 2012 at 6:12pm by angela

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?
Sunday, February 16, 2014 at 8:17pm by Leah

Math
This question is harder than it seems. The problem is that the payment period does not coincide with the interest period. So I will convert the 8% compounded monthly to a rate compounded semi-annually let the semiannual rate be j (1+j)^2 = (1.02)^4 1+j = (1.02)^2 = 1.0404 j...
Thursday, July 14, 2011 at 9:15pm by Reiny

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 ...
Thursday, September 16, 2010 at 5:10pm by nic

math
The first thing I wonder is how was interest compounded?
Monday, March 15, 2010 at 11:44am by bobpursley

math
$2700 at 9% interest compounded quarterlyfor 4 years
Tuesday, May 25, 2010 at 8:57pm by brittany

math
6% compounded interest quarterly for 5 years
Friday, December 20, 2013 at 1:55pm by Betty Wilcher

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 ...
Monday, December 9, 2013 at 7:03pm by Jarrod

Math
Thanks MathMate. The second part of the question is about the high interest savings account that pays 3% compounded daily. How do you do it daily? Assume that you decide to invest the $4,000 in the high-interest savings account. a. What future value would you expect to receive...
Friday, October 23, 2009 at 2:23pm by Stacy

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 ...
Tuesday, September 19, 2006 at 11:06pm by john

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?
Tuesday, October 4, 2011 at 6:03pm by MathHelp

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?
Sunday, April 15, 2012 at 5:22pm 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?
Friday, November 2, 2012 at 1:11pm 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?
Saturday, November 3, 2012 at 1:46pm by sasha

Math! plz help!
Calculate teh 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 ...
Wednesday, April 21, 2010 at 10:51pm by Thara!

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.)
Tuesday, July 28, 2009 at 1:05am by Jacinta

algebra
If this is simple interest then the interest in 1/2 a year would be (1/2)(.079)(650) = 25.675 (650 + 25.675)/6 = 112.61 If this is some kind of compounded or declining balance (mortgage) type loan then you have not provided enough information.
Monday, April 23, 2012 at 5:50pm by Damon

MATH
If this is compounded interest then the equation is 1600(1+.06/4)^4*20 =
Wednesday, March 11, 2009 at 9:28pm by Chopsticks

math
how is the interest compounded? ie, daily, quarterly, semiannually, annually, or ?
Monday, January 10, 2011 at 9:37pm by helper

College
That doesn't tell us what your question is. Compounded interest or not? Sra
Sunday, October 30, 2011 at 2:01am by SraJMcGin

maths-- compound interest
A=4000,12years r=4% compounded semiannually
Friday, January 12, 2007 at 4:06am by Anonymous

maths-- compound interest
A=4000,12years r=4% compounded semiannually
Friday, January 12, 2007 at 4:06am by Anonymous

viginia parks
Wouldn't it depend on how often the interest is compounded?
Friday, March 8, 2013 at 1:24am by bobpursley

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 ...
Sunday, March 11, 2012 at 1:19pm by yessi

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 ...
Wednesday, October 5, 2011 at 8:07am by Krishneel

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.)
Wednesday, July 29, 2009 at 3:32am by Breanna

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.
Friday, July 31, 2009 at 1:09am 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...
Wednesday, May 15, 2013 at 6:15pm by tia

math
uinn and Julius inherited $50,000 each from their great-grandmotherís 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 ...
Wednesday, July 3, 2013 at 11:45pm by Anonymous

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...
Saturday, October 3, 2009 at 1:40pm by callie

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...
Monday, June 24, 2013 at 10:06pm by Leo

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. ...
Sunday, February 16, 2014 at 7:39pm by Leah

accounting
Invest $5,000 in a savings account at 6.6% interest compounded monthly.
Friday, April 23, 2010 at 12:06pm by Betty

algebra
Invest $5,000 in a savings account at 6.6% interest compounded monthly
Tuesday, July 20, 2010 at 12:37pm by bob

Economics
No idea what interest rate was when or how often compounded or when in 1986 or when is now.
Wednesday, December 19, 2012 at 3:33pm by Damon

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)^...
Monday, September 17, 2007 at 3:59pm by Nik

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 ...
Saturday, October 3, 2009 at 1:38pm by callie

math
I assume 5% is annual interest compounded monthly. Use the compound interest formula: Future value =P((1+r)^n-1)/r where P=monthly payment, =$60 r=interest rate per period = .05/12 n=number of periods = 30*12 then Future value =60*((1+0.05/12)^360-1)/(0.05/12) =49935.52 From ...
Monday, August 15, 2011 at 7:56pm by MathMate

maths
an amount gets doubled in 15 years with compund intrest.In how many years amount will become 8 times,using the same compund intrest ? S = P(1 + i)^n where P = the invested amount, i = the decimal periodic interest rate and n = the number of inrterest paying periods. Therefore...
Thursday, July 3, 2008 at 11:49am by tchrwill

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 ...
Wednesday, September 23, 2009 at 9:58am by Kara

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.
Thursday, October 13, 2011 at 11:49pm 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.
Thursday, October 13, 2011 at 11:49pm by lianne

PreCalculus
The answer depends somewhat upon whether interest is compounded monthly, quarterly or annually, etc. It is easier to do if the interest is compounded monthly, the same frequency that investments are made. A total of 25 x 12 = 300 payments of $50 are made into the account. ...
Wednesday, April 28, 2010 at 4:43pm by drwls

contemporary math
Quinn and Julius inherited $50,000 each from their great-grandmotherís 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 ...
Thursday, July 4, 2013 at 9:23am by Trish

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...
Monday, December 12, 2011 at 10:27pm 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 ...
Tuesday, December 13, 2011 at 11:19am by rock

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?
Sunday, August 14, 2011 at 5:47pm by marie

Math
Scott, you are not giving us anything like the information required for this problem or the other one. Compound interest? How often? (monthly, continuous, quarterly) How long? In your earlier problem you gave us no idea what the interest rate was or how often it was compounded...
Wednesday, December 19, 2012 at 3:46pm by Damon

algebra
find the present value for $2000 if interest is 3.5% compounded quarterly for 6 years?
Saturday, December 4, 2010 at 11:04pm by kathy

math
I assume this is $2,500 compounded for twelve periods at 6.5% interest per period.
Monday, July 18, 2011 at 3:25pm by Damon

algebra
It's compounded quarterly, not annually, so divide the interest rate by 4 and multiply the exponent by 4.
Thursday, December 15, 2011 at 9:04am by Steve

Math
How much interest is earned on 20,000 at 6% for 2 yrs compounded annually?
Friday, April 20, 2012 at 4:43pm by Michelle

math
what will the value of my investment be on $3000 at 6% annual interest compounded semi annually
Tuesday, June 11, 2013 at 6:52pm by michael

maths
How much would £3100 be 8 yr compounded at 5.09% interest
Tuesday, August 20, 2013 at 3:48am by Jan hall

math
What is the future value of $5000 earning 6% interest, compounded monthly, for 5 years?
Thursday, November 14, 2013 at 10:30pm by sharon q.

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?
Tuesday, September 14, 2010 at 6:38pm by nik

maths
According to actuarial math, where interest is considered, he paid $7640, (you cannot simply add "monies" that are in different time slots on a time graph. e.g. Making $40,000 in 1985 ≠ $40,000 in 2013 If you ignore interest the total he paid = .2(7640) + 36(191.60) = $...
Friday, November 8, 2013 at 7:37am by Reiny

introduction to finance-16
1. If you put $4000 in savings account that pays interest rate of 4%, compounded annually, how much will you have in 5 years? How much interest will you earn during the 5 years? http://easycalculation.com/compound-interest.php 2. If you put $4000 each year into a savings ...
Friday, August 9, 2013 at 5:53am by Writeacher

contemporary math
Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly. Then Compute the Annual Percentage Yield (APY) for the investment in the previous question. (Round APY to the nearest hundredths of...
Thursday, July 4, 2013 at 9:51am by Trish

business math
. Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly. Compute the Annual Percentage Yield (APY) for the investment in the previous question. (Round APY to the nearest hundredths of a ...
Friday, January 10, 2014 at 5:58pm by angela

Algebra 2
Find the future value of $600 invested for 5 years at 8% interest compounded semiannually.
Thursday, August 25, 2011 at 1:33pm by Chelsea

algebra
find the amount of interest by the following deposit $3000 at 6.4% compounded semiannually for 2.8 years
Friday, October 21, 2011 at 6:56pm by beechst

algebra
How many years and days will it take for a deposit of $700 to double at 4% interest compounded continuously?
Saturday, October 29, 2011 at 1:07pm by BJ

algebra
How long will it take $1400 to double at 12% annual interest compounded quarterly?
Friday, November 30, 2012 at 11:40am by Brad

pre calc
How long would it take from 3000 to get to 8000 at 8% interest at compounded quarterly?
Monday, February 11, 2013 at 9:07pm by Anthony

Math
Principal 450.00 x interest rate 9.25 x compounded monthly x 4 years
Monday, March 18, 2013 at 3:08pm by Jeremy

Algebra 2
Find the value of $1000 deposited for 8 years in an account interest compounded semiannually.
Sunday, March 24, 2013 at 3:02pm by Gina

trig
If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in 5 years?
Wednesday, February 12, 2014 at 8:10pm by Mike

math
he compound amount on an investment of $8,500 at 12% interest, compounded quarterly, for 1 year.
Friday, April 4, 2014 at 1:05am by tota

math
the compound amount on an investment of $8,500 at 12% interest, compounded quarterly, for 1 year.
Friday, April 4, 2014 at 1:06am by tota

Math
1. you deposit $200 into a savings account with interest compounded. annually, the expression 200(1+R)^ 2, where R is the interest rate, gives the account balance after 2 years. Expand this expression and simplify. Find the account balance if R=0.04. THANKS!!!!! A LOT!!
Tuesday, June 9, 2009 at 6:13am by MountainDew

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.
Tuesday, December 13, 2011 at 9:13pm by Kristen Morris:)

math
To determine the compound amount of an investment of $10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor for this investment.
Monday, July 1, 2013 at 10:55pm by Tim

math
To determine the compound amount of an investment of $10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor for this investment
Wednesday, July 3, 2013 at 2:16pm by Anonymous

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-...
Friday, October 23, 2009 at 2:23pm by Stacy

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