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May 28, 2015

Search: Mr. Nailor invests $5,000 in a money market account at his local bank. He receives annual interest of 8% for 7 years. How much return will his investment earn during this time period?

Number of results: 62,221

math
Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years. How much (simple) interest will her investment earn in total?
February 24, 2011 by Anonymous

maths
Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years. How much (simple) interest will her investment earn in total?
February 24, 2011 by Anonymous

S.P
Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years. How much (simple) interest will her investment earn in total? Please help!!! :)
February 24, 2011 by Anonymous

simple interest
Jimmy invests 15,000 coins in a bank and earns simple interest. After 2 years he withdraws all his money from the bank .If the amount that he receives is 17,000 coins ,calculate. (a)the interest received (b)the rate at which bank pays interest.
September 20, 2014 by sammy

Math
A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function in which r is the annual interest rate, P is the principal, and A is the amount of money after t years. What is the interest rate of ...
March 15, 2013 by carmelo

Algebra
A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function in which r is the annual interest rate, P is the principal, and A is the amount of money after t years. What is the interest rate of ...
May 8, 2014 by Anonymous

algebra
how much money must Andrea invest for 2 years in an account that earns an annual simple interest rate of 8% if she wants to earn $300 from the investment?
January 31, 2014 by sheri

Algebra Question~!
A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function in which r is the annual interest rate, P is the principle, and A is the amount of money after t years. What is the interest rate of ...
May 5, 2014 by Gabby

Algebra B
I can't figure this out, please help... A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function in which r is the annual interest rate, P is the principal, and A is the amount of money ...
December 4, 2014 by Sandra

Algebra Grade 7
You invest $275.00 in a money-market account that pays simple interest at a rate of 10%. How long must you leave your investment in the money-market account if you expect to earn $27.50 in interest? A year? How do I work it?
October 18, 2012 by rawr... im a dinosaur.... rawr

algebra
An executive invests $25,000, some at 8% and some at 4% annual interest. If he receives an annual return of $1600, how much is invested at each rate?
October 14, 2010 by Jay

Math
An executive invests $24,000, some at 7% and some at 5% annual interest. If he receives an annual return of $1600, how much is invested at each rate?
May 2, 2011 by Maerika

college algebra
an executive invests $29,000 some at 7% and some at 6% annual interest. if he receives an annual return of $1870, how much is invested at each rate?
August 26, 2012 by Devin

college algebra
An executive invests $22,000, some at 8% and some at 6% annual interest. If he receives an annual return of $1,680, how much is invested at each rate?
September 10, 2014 by Anonymous

college algebra
An executive invests $29,000, some at 8% and some at 4% annual interest. If he receives an annual return of $1,680, how much is invested at each rate?
September 15, 2014 by Anonymous

Algebra B PLEASE HELP
I can't figure this out, please help... A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function in which r is the annual interest rate, P is the principal, and A is the amount of money ...
December 4, 2014 by Sandra

precal -checking answers
Suppose Joan has $5,000 to invest. The banks are offering 3.10% interest. Bank A compounds interest continuously, while Bank B compounds interest semiannually. Answer these questions regarding which bank Joan should invest her money in, to accrue the greatest return. How much ...
September 10, 2010 by Anonymous

MATH
Please help check my answers to make sure they are correct. I used the "sinking fund payment and present value of an ordinary annuity" formulas to solve this story problem. Thanks! Story: Naomi Dexter is 20 years old. She decides to investigate several ways to accumulate $1 ...
March 6, 2011 by April

Math
Please help check my answers to make sure they are correct. I used the "sinking fund payment and present value of an ordinary annuity" formulas to solve this story problem. Thanks! Story: Naomi Dexter is 20 years old. She decides to investigate several ways to accumulate $1 ...
March 7, 2011 by April

math
how much money would have to be invested in an account at 3.98% annual interset to achieve a balance of 25,000 in 17 years if a. The account pays simple interest b. the account compound interest qrtly c. the account compounds interest continuously
January 1, 2011 by rick

Math
Nico was stunned when he opened the mail. Here was a check for $322.50! This was the interest he earned on his investment. One year ago Nico had been given $5,000. His parents made him put it in the bank and save it for college, but they said he could keep the interest it ...
April 16, 2012 by Erica

Math
If you deposit P dollars into a bank account paying an annual interest rate r, with n interest payments each year, the amount A you would have after t years is A=P(1+r/n)^nt. Kevin places $100 in a savings account earning 6% annual interest, compound quarterly. If Kevin adds ...
April 1, 2013 by Amber

Simple Interest
The Johnsons have saved $45,000. They invest their money in a bank and thei account earns 7.5% interest. How many years will it take to earn $74,000? *PLEASE PROVIDE AN EXPLANATION*
April 9, 2012 by Marilyn

MATH FOR LIBERAL ARTS
Maria just inherited $10,000. Her bank has a savings account that pays 4.2% interest per year. Some of her friends recommended a new mutual fund, which has been in business for three years. During its first year, the fund went up in value by 12%; during the second year, it ...
June 21, 2010 by CARMEN

math
A local bank offers an investment option with a simple interest rate of 3.60% per annum. If you invest $3200.00, how much interest will you earn in 7 years?
June 4, 2014 by Synthia

Discrete Mathematics
You put $1,000 into your bank account with a 5% annual simple interest rate. How much money will you have after three years?
July 30, 2013 by Joy

Discrete Mathematics
You put $1,000 into your bank account with a 5% annual interest rate compounded quarterly. How much money will you have after three years?
July 30, 2013 by Joy

math
You deposit $6,700 in a money-market account that pays an annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years?
February 6, 2013 by kenny

Math
You deposit $6,700 in a money-market account that pays and annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years
April 11, 2013 by Dakota

math
You deposit $7,900 in a money-market account that pays an annual interest rate of 4.3%. The interest is compounded quarterly. How much money will you have after 3 years?
December 3, 2013 by yo

math
I have been staring at this problem forever, and cant seem to dig it up in my book. Please help! Two competing bank are trying to attract customers. (a) Ally Bank has an account which earns 25% interest every 10 years. Assuming the interest is compounded weekly, find both the ...
January 8, 2013 by fawn

Maths B
Kate is thinking about investing $45000 for 5 years. She deposits her money into an account which earns interest paid quarterly at a rate of 3.99% p.a. After 1½ years, Kate withdraws her investment (including interest) and deposits the full amount into a different account that...
July 22, 2013 by Tee

Math
Emma receives $7750 and invests it in an account that earns 4% interest compounded continuously. What is the total amount of her investment after 5 years?
December 4, 2012 by Student09

Math Help Please!
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

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

algebra HELP ASAP
If $13,000 is deposited in a bank account paying 6% compounded quarterly, what amount will be in the account after 8 years? How much interest will be earned during the 8 years? The amount after 8 years will be $___ How much interest will be earned during the 8 years? _____
November 2, 2010 by samantha

MAAAATTTTHHHHHH
Franco invests some money at 6.9%/a compounded annually and David invests some money at 6.9%/a compounded monthly. After 30 years, each investment is worth $25 000. Who made the greater original investment and by how much?
May 26, 2012 by Maame

algebra
an executive invests $35000, some at 9% and some at 7% annual interest. If he receives an annual return of $2910, how much is invested at each rate
September 18, 2007 by kelli

Math
(a) Themba wants to deposit a sum of money into a savings account so that he will have R30 000 in 3 years time for an overseas holiday how much money must he deposit into the account if the interest paid on the savings is 8,5% p.a (b) R1 000 is deposited in a savings account ...
August 26, 2014 by Lesedi

6 grade algebra
cindy earns 6% simple interest each year on her savings account. if she has $850 in her account and leaves the money in there for 5 years. how much interest will the money earn? what is the new balance in cind's account?
November 12, 2010 by sierra

math
Starting from today, every month you save $500 into a bank account with earns interest at an annual rate of 4%. How much money do you have in the account at the end of 4 years?
August 18, 2014 by Anonymous

math
Samantha opened a savings account and deposited some money into the account. The account pays an annual simple interest rate of 5%. After 9 years, the interest earned on the account was $1,800. How much money did Samantha deposit in the account?
December 30, 2012 by Andrea

calculus
Suppose $5000 is deposited in a bank account that compounds interest four times per year. The bank account contains $9900 after 13 years. What is the annual interest rate for this bank account?
April 9, 2012 by Zoey

Math
Are these correct ?. My grade counts on this and I'm not the best at math. I. Interest is ____?. (1pt) a. The amount of money your bank pays you for the use of only your money. b. The amount you might pay for a loan. * c. A percentage rate. d. All of the above. II. When ...
October 22, 2014 by Alyii

Maths (Investments)
Kate is thinking about investing $60 000 for 4 years. She deposits her money into an account which earns interest paid semiannually at a rate of 7% p.a. After 2½ years, the interest rate drops to 5.6% p.a. and stays constant for the remainder of the investment period. Use ...
June 22, 2012 by Ajay Devgan

Maths Investments
Kate is thinking about investing $60 000 for 4 years. She deposits her money into an account which earns interest paid semiannually at a rate of 7% p.a. After 2½ years, the interest rate drops to 5.6% p.a. and stays constant for the remainder of the investment period. Use ...
June 26, 2012 by Ajay

math
Suppose $5000 is deposited in a bank account that compounds interest four times per year. The bank account contains $9900 after 13 years. What is the annual interest rate for this bank account? i already set it up but i don't know where to go from there. Please help
April 9, 2012 by Please help!

math
Suppose $5000 is deposited in a bank account that compounds interest four times per year. The bank account contains $9900 after 13 years. What is the annual interest rate for this bank account? i already set it up but i don't know where to go from there. Please help
April 10, 2012 by Patty

business
. George Wilkins checked the spreadsheet where he keeps track of his assets and liabilities. He discovered that (i) he owes $80,000 on his house, which he believes to be worth $150,000; (ii) his car is worth $20,000, against which there is $2,000 on the remaining bank loan; (...
April 17, 2011 by Susana

algebra
An investor wants to receive $1,000 dollars annually from two investments. He has put $4,500 in money market account 4% annual simple interest. How much should he invest in a stock fund that pays 10% annual simple interest to achieve this goal?
October 20, 2014 by Jay

math
v(t)= Ce^(k(square root(t)) Suppose that the dealer, who is 25 years old, decides to sell the card at time , sometime in the next 40 years: 0< or equal to t < or equal to 40. At that time , he’ll invest the money he gets for the sale of the card in a bank account that ...
May 23, 2012 by victoria

math
a bank account earns 7% annual interest compounded continuously. you deposit $10,000 in the account, and withdraw money continuously from the account at a rate of $1000 per year. a. write the differential equation for the balance, B, in the account after t years b. what is the...
March 14, 2011 by Anonymous

math
jake put $ 600 in the bank for 4 years at 2.5% interest a) how much interest will he earn after three years b) what is the total amount in his bank account at the end of three years
May 11, 2010 by pranathy

Finance
Your friend claims that he invested $5,000 seven years ago and that this investment is worth $38,700 today. For this to be true, what annual rate of return did he have to earn? Assume the interest compounds annually.
October 24, 2012 by Arielle

Finance Management
How do I solve this problem using net present value and internal rate of return methods? Julie Kowalis, an investment analyst, wants to know if her investments during the past four years have earned at least a 12% return. Four years ago, she had the following investments:She ...
July 10, 2007 by Temeka Ramsey

Finance
7. Today you open a bank account and make a deposit of $6,000. Then you make the following deposits: in t=1 you deposit $6,500, in t=2 $45,000, in t=3 nothing, in t=4 nothing, in t=5 $7,000, in t=6 $8,700. You made your last deposit of $34,000 in t=7. Then, in t=10, you use ...
April 14, 2010 by Dantavis

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

Algebra
Greta invests $10,000 in an investment that pays 3% interest, compounded annually, for the first three years, then 9% interest, compounded annually, for the last three years. Rui invests $10,000 in an investment that pays r% for all six years. The two investments are worth the...
April 2, 2009 by Cassie

value of money
You want to have $1,000,000 in your bank account when you turn 65 years old. Today is your 20th birthday. As a birthday present you received $27,000 and you want to invest this amount. At what annual interest rate must you achieve to realize this goal?
July 8, 2011 by nmh

Algebra
An investment adviser invested $14,000 in two accounts. One investment earned 5% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $540. How much was invested in each account?
June 16, 2012 by Sydnee

MATH
An investment adviser invested $14,000 in two accounts. One investment earned 7% annual simple interest, and the other investment earned 5.5% annual simple interest. The amount of interest earned for 1 year was $884. How much was invested in each account?
July 29, 2012 by Emmett

algebra
An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account?
September 10, 2014 by barbara

math
An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account?
September 11, 2014 by Barbara

math
An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account
September 11, 2014 by Tish

math
An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account
September 12, 2014 by Alana

math
A mother wnats to invest $6,000 for her son's future education. She invests a portion of the money in a bank certificate of deposit which earns 4% and the remaainder is a savings bond that earns 7%. If the total interest earned after one year is $360.00, how much money was ...
November 17, 2012 by Mark

math
Barry heard in his Personal Finance class that he should start investing as soon as possible. He had always thought that it would be smart to start investing after he finishes college and his salary is high enough to pay the bills and to have money left over. He projects that ...
June 26, 2014 by Peter

math 141
Maria just inherited $10,000. Her bank has a savings account that pays 4.1% interest per year. Some of her friends recommended a new mutual fund, which has been in business for three years. During its first year, the fund went up in value by 11%; during the second year, it ...
January 30, 2011 by puzzled

Finance
Walmart wishes to determine the rate of return of an investment made four years ago for $25 000 and currently has a market value of $31 500. During the current year the investment generated cash flows of $1000. Required: What is the rate of return on the investment?
March 21, 2013 by Anonymous

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

Finite Math and Applied Calculus
Betty Sue sets up a retirement account. For the first 35 years, she deposits $500 at the end of each month into an account with an annual interest rate of 3.6%, compounded monthly. Then, she stops making monthly payments and transfers the money into a di fferent account with ...
February 19, 2014 by Chris

algebra 2
You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 10 years? Round your answer to the nearest whole number.
July 14, 2011 by Anonymous

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
If you put $ 6,000 in a savings account that pays interest at the rate of 4 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put $ 6,000 each year into a ...
May 5, 2014 by tota

math
v(t)= Ce^(k(square root(t)) Suppose that the dealer, who is 25 years old, decides to sell the card at time , sometime in the next 40 years: 0< or equal to t < or equal to 40. At that time , he’ll invest the money he gets for the sale of the card in a bank account that ...
May 23, 2012 by allison

Algebra
A mother wants to invest 8,000 dollars into her child's college fund. She invests a portion of the money into a CD account which earns 4% interest, and the remainder into a savings bond which earns 7% interest. If the total interest earned after one year is $480.00, how much ...
June 1, 2014 by Amber

Finance
You are currently investing your money in a bank account which has a nominal annual rate of 8 percent, compounded annually. If you invest $2,000 today, how many years will it take for your account to grow to $10,000?
December 12, 2010 by Anonymous

math
suppose you deposited $3000 of earned income into an IRA, you can earn an annual interest rate of 8%and you are in a 40% tax bracket (Note:interest rates and tax brackets are subject to change over time, but some assumptions must be made to evaluate the investment) Also, ...
December 11, 2011 by peter

Please Help!!!! Maths
In order to earn $1,000 in interest over 2 years at an annual rate of 4%, how much principal must be put into a saving account?
April 3, 2013 by Jeconiah

maths
How much money will I need to have at retirement so I can withdraw $60,000 a year for 20 years from an account earning 8% compounded annually? a. How much do you need in your account at the beginning b. How much total money will you pull out of the account? c. How much of that...
July 18, 2012 by colin

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

-Math-Desperate
An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account? looking for the ...
September 12, 2014 by Barbara

accounting
Mr. and Mrs. Garcia have a total of $ 100,000 to be invested in stocks, bonds, and a money market account.The stocks have a rate of return of 12%/ year, while the bonds and the money market account pay 8% and 4%/ year, respec-tively. They have stipulated that the amount ...
July 21, 2010 by Anonymous

compound interest
How do I solve these problems? Complete the table for a savings account in which interest is compounded continuously. 1. Initial Investment: $1000 Annual % Rate: 3.5% Time to Double: ? Amount After 10 Years: ? 2. Initial Investment: $750 Annual % Rate: ? Time to Double: 7 3/4 ...
December 11, 2007 by anonymous

Math
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-month certificate of deposit that pays 6% ...
October 19, 2009 by Cathy

Engineering Econonmy
You decide to open an IRS-approved retirement account at your local brokerage firm. Your best estimate is that it will earn 9 percent. At the end of each year for the next 25 years, you will deposit $4000 per year into the account (25 total deposits). 3 years after the last ...
February 23, 2013 by manny

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

algebra
Kelly plans to put her graduation money into an account and leave it there for 4 years while she goes to college. She receives $750 in graduation money that she puts it into an account that earns 4.25% interest compounded semi-annually. How much will be in Kellys account at ...
September 29, 2013 by joe

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
Danny invested$5,000 into his savings account for college when he was 13 years old. If the account earns 2.5% interest every year, how much interest will danny have earned on his investment and how much money will danny have for college by the time that he is 18 years old?
December 4, 2012 by Mackenna

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
October 13, 2014 by Stovall

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
October 13, 2014 by Dashawn

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
October 13, 2014 by Dashawn

Accounting
On January 1, you will purchase a new car. The automobile dealer will allow you to make increasing annual December 31 payments over the following four years. The amounts of these payments are $4,000: $4,500: $5,000: $6,000. On the same January 1, your mother will lend you just...
September 21, 2014 by Ralph Howze

Algebra
Show how you substitute the values into the formula, then use your calculator. *Use A = P(1+r/n)nt to find the amount of money in an account after t years, compounded n times per year. *Use I = Prt to find the amount of simple interest earned after t years 1) If a person ...
February 3, 2013 by Sylvie

math
Starting from today, every month you save $500 into a bank account with earns interest at an annual rate of 4%. How much money do you have in the account at the end of 4 years? My working is F=R(((1+i)^n)-1)-i where R=500, i=1/300 and n=48. Ans=$25,979.80 Am I solving it ...
August 19, 2014 by Anonymous

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