Number of results: 8,037
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 ...
Tuesday, September 19, 2006 at 7:58pm by john
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
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 ...
Sunday, September 24, 2006 at 11:26pm by john
A wealthy donor endows a chaired professorship. If the interest rate is 8% how much must he set aside to provide the following end of year salary payment alternatives? a. $100,000 per yr for 20 yrs b. $100,000 per yr in perpetuity c. A perpetuity that pays $100,000 for the ...
Friday, October 20, 2006 at 4:46pm by Joe
1.In what length of time will $500 be the interest on $2500 invested 5% per anum? Is this compounded. I will assume it is not. 0.05 x 2500 x #yrs = 500 Solve for #yrs.
Saturday, November 11, 2006 at 6:28pm by nae
what is litigation? why do interest groups choose this as a technique to get what they want? Litigation is to take in issue to court for a trial. There are a couple of reasons for interests groups to do this. First they get a legal opinion on a particular topic, and second ...
Monday, January 15, 2007 at 4:05pm by david
interest groups again
what is a campaign contribution? why do interest groups choose this as a technique to their advantage. this is what i have: Campaign contributions is getting financial help from resources or buying support from candidates. getting support helps the groups to also get publicity...
Monday, January 15, 2007 at 9:39pm by david
how long will it take to earn $787.50 on $5000 at 5 1/4%(percent) what is the rate it is compounded? annually, semi-annually, monthly, what? dat information is not given aren't you supposed to be using the interest rate formula? if so, then u have two variables missing, the n ...
Monday, February 19, 2007 at 7:51pm by Spencer
math (simple interest)
Susan collected $1.20 interest after 6 months. What was the amount of her deposit if the bank pays 6% interest? Solve this equation: .06x = $2.40 the answer is 40
Monday, February 19, 2007 at 8:19pm by Spencer
My daughter brought home a work sheet and I have no clue where to begin to help her and she seems to have no clue either. the questions are 1. Find the final balance in each account. $800 at 4.25% simple intrest for 6 years 2. $2,000 at 6% compounded annually for 3 years ...
Tuesday, February 20, 2007 at 9:00pm by Veronica
Math-- Desperate for help!
Find the amount in an account if $2000 is invested at 6.125%,compounded semi-anually,for 2 years. A. $2,256.49 B. $2,252.50 C. $2,324.89 D. $544,757.84 One of these is the correct answer. I am coming up with (D) 544,757.84 Can you check, because I am probably wrong. You are ...
Sunday, February 25, 2007 at 8:16pm by Hilda
jeromeborrowed an amount of money on 16th june 1999. he has to pay Ri7500 back on 25th feb 2000. what was the amount borrowed if simple interest of 26% is chargedd? qn 2. For 20yrs sidney deposited R200 every month into an account. this account earned 15% intrest compounded ...
Thursday, March 1, 2007 at 2:46pm by rita
how long it would take to pay off a credit card balance of $1000 if you pay the minimum of $35 a month at a flat yearly interest rate of 18%. Is interest charged monthly? Compounded? Under monthly compounding, the answer is three years and two months. http://calculators....
Monday, March 5, 2007 at 12:22pm by kim
what are the amount and present value of an annuity of $100 paable at the beginning of each quarter fro 15 years if the interest rate is 12% compounded quarterly? Present Value=PMT[(1-(1+i)^-n)/i] Amount = ?????
Monday, March 12, 2007 at 6:31pm by Rom
Calculating Interest Rate. Find the interest rate implied by the following combinations of present and future values. PresentValue Years Future Value $400 11 $684 $183 4 $249 $300 7 $300 Since you do not state otherwise, I am assuming that your interest rate is compounded ...
Sunday, March 18, 2007 at 11:45pm by Antoinette
What is the amount after 1 year on $315 invested at 7%, if interest is simple interest? Multiply $315 by .07 to find the interest earned. Add this figure to $315 to find the total at the end of one year. this doesnt help me!i need to know this and they gave me is to solve a ...
Wednesday, March 28, 2007 at 12:04pm by victoire
I'm having trouble trying to figure this problem out, I know the variables of the problem but I don't seem to get the right answer here is the formula that i'm using: A = P (1 + r/n)^n * t. Here is the problem: If Joe deposits $12,000 into an account that yields 3% annual ...
Sunday, April 1, 2007 at 9:34pm by Vesone
A continuously compounded account starts with $1500 in principal. The annual interest rate is 9.1%. What is the balance after 30 years? Help please. Thanks amount= 1500*e^.091*30= 1500 e^2.73 thanks
Thursday, April 12, 2007 at 6:14pm by George
Please help: A continuously compounded account starts with $2500 in principal. The annual interest rate is 11.3%. What is the balance after 15 years? pert: Value= Principal*ert = 2500* e0.11(15) = 2500 * e1.65 wow. thanks
Sunday, April 22, 2007 at 9:02pm by Lydia
How do I do this? -- can anyone give me a formula to find the answers? Example: Find the annual rate of simple interest~ P: 5000 / I: 650 / T: 3 years. PV = nRT I=PRT so solving for R we get R=I/(PT) plug in your values and evaluate. Your answer will be a decimal which you ...
Wednesday, April 25, 2007 at 6:32pm by Finding Interest Rate in Interest Problems