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December 20, 2014

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: 25,696

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 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

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

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

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

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

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

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
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

maths --plse help me..
A man has Rs 50,000.He invests some part of it in one bank @ of 11 p.c.p.a. and the remaining money in another bank @ of 9 p.c.p.a.He gets a combined simple interest of Rs 5,400(i.e the S.I of one bank + S.I of another bank = 5,400).Then find the amount of money invested in ...
December 19, 2012 by Anonymous

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

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
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

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

econ
Suppose you inherit $10,000 and decide to use the money to start a lawn-care business. You purchase a truck and a mower for $10,000 and start mowing lawns. Your annual cost for fuel and other supplies is $2,000. Now, instead of investing your money in the lawn-care business ...
April 9, 2010 by sonia

pre calculus
Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. If he receives a total of $190 interest in 1 year, at what rate is the $1000 invested?
March 4, 2014 by Danielle

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

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

math
Sam opened a money-market account that pays 2% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account, he had earned $560 in interest. How long did he keep his account open?
October 31, 2013 by Lexi

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

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

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

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

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

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

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

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

pre-algebra
You split $1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one year,you have earned a total of $69.50 in interest. How much money did you invest in each account?
January 24, 2013 by em

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

Alegbra
A mother wants to invest $ 12,000.00 for her sons education. She invests a portion of the money in a bank certificate of deposit (CD Account) which earns 4% and the remain saving bond that earns 7%. If the total interest earned after a year is 720.00, How much invested in the ...
October 6, 2013 by Lisa

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

Maths
Mr Srinivasan invests $55 000 in a fixed deposit account. The interest rate is 3.3 % per year. How much money will he have in the account after 1 year?
October 4, 2012 by Zayn

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

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

calc2
At what constant, continuous annual rate should you deposit money into an account if you want to have $1,000,000 in 25 years? The account earns 5% interest, compounded continuously. Round to the nearest dollar.
May 16, 2011 by CJ

fin
If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much money will be in your account after 5 year?
August 22, 2007 by baby

Math
A customer purchased a car and financed $16,000. The customer borrowed part of the money from a bank charging 10% annual interest and the rest from a credit union at 8% annual interest. If the total interest for the year was $1,390 how much was borrowed from the bank and how ...
February 13, 2010 by Heather

Accounting
Needs the entries for the following scenarios: Capital accounts as follows : Mason ; 90,000 Jiri; 30,000 James; 60,000 a) Frank pays mason 25,000 for 20% of masons interest in the company b) Frank invests 60,000 cash in the partnership for a 40% interest in the business. The ...
March 31, 2014 by dustin

Math
a mother wants to invest 5000 for her sons future education. She invests a portion of the money in a bank certificate of deposit which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $300.00,how much money was invested...
January 20, 2013 by Justin

Finance
If I had put 50,000 dollars away today in some kind of cd or money market account, and did not touch it or the interest for 20 yrs, how much money would I have, same ? with 80,000 please help
April 15, 2010 by samantha

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; (iii...
April 17, 2011 by Susana

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 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
A woman has money in two accounts. One account pays 7% annual interest, whereas the other pays 15% annual interest. If she has $1,500 more invested at 15% than she does at 7% and her total interest for a year is $1,545, how much does she have in each account? Please show the ...
November 1, 2014 by Chris

Business Finance
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; (iii...
February 11, 2011 by LaShun

Algebra
an algebra student won $115,000 in a lottery and wishing to deposit it in savings accounts in two financial institutions. One account pays 7.9% simple interest but only insures $60,000. The second account pays 6.9% simple interest and deposits are insured up to $100,000. ...
February 1, 2010 by Steph

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

Business Algebra
You invest $20,000 in two accounts. Account A earned 4.5% annual simple interest and Account B earned 6% annual simple interest. the total amount of interest earned for 1 year was $987.50, how much was invested into each account?
March 17, 2014 by Josh

math
An account invested in a money market fund grew from $67,081.2 to $67,359.39 in a month. What was the annual interest rate?
March 30, 2012 by Anonymous

algebra
A local bank lends $12,000 using a 150-day 9% simple interest note that was signed on May 18. The bank later sells the note at a discount of 14% on July 5. Find (a) the discount, (b) the proceeds, and (c) the amount of money the bank gains or loses.
August 21, 2012 by Felicia

math
A mother wants to invest $9,000.00 for her sonís future education. She invents a portion of the money in a bank certificate of deposit (Cd account) which earns 4% and the remainder in a saving bond that earns 7%. If the total interest earned after one year is $540.00, how much...
March 9, 2011 by MARIAH

Math
Search Results for "Ruth has some money in a savings account. after the bank adds 5% interest to her account , she has $126. How much was in her account before the interest was added" How do i write this in an equation?
September 3, 2013 by Randy

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

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
Alice took out a $15,000 loan for college. She is borrowing money from two banks. Bank A charges an interest rate of 6%, and Bank B charges an interest rate of 7%. After one year, Alice owes $960 in interest. How much money did she borrow from Bank A?
October 6, 2014 by Kitty

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

intermediate algebra
A woman has a total of $9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 10% per year. If the interest earned in the first year is $650, how much did she invest in each account?
February 9, 2014 by zerick

math
...A woman has a total of $9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $730, how much did she invest in each account?
February 5, 2012 by sally

math
A woman has a total of $9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $730, how much did she invest in each account?
February 6, 2012 by sally

Math
A woman has a total of $10,000 to invest. She invests part of the money in an account that pays 6% per year and the rest in an account that pays 9% per year. If the interest earned in the first year is $750, how much did she invest in each account?
September 30, 2014 by Gabriel

matlab
One bank pays 5.5 percent annual interest, while a second bank pays 4.5 percent annual interest. Determine how much longer it will take to accumulate at least $50 000 in the second bank account if you deposit $1000 initially and $1000 at the end of each year. need help writing...
October 29, 2011 by sean

Algebra 1
You have $6000 to invest in two stock funds. The first fund pays 5% annual interest and the second account pays 9% annual interest. If after a year you have made $380 in interest, how much money did you invest in each account?
January 21, 2013 by Mbaintu

finance
Wheeler Corporation is planning to expand its business and needs $30,000,000. The company believes that a 12-year term loan can be negotiated with a bank at an annual rate of 10%. Alternatively, an investment banking firm has indicated that it is willing to underwrite a common...
January 9, 2010 by Bill

financial management
Wheeler Corporation is planning to expand its business and needs $30,000,000. The company believes that a 12-year term loan can be negotiated with a bank at an annual rate of 10%. Alternatively, an investment banking firm has indicated that it is willing to underwrite a common...
October 25, 2009 by donna

Math
A savings account at Xyz bank offers 4% interest, compounded annually. How much money must I invest today in order for the account to grow to $5,000 in ten years? Answer to the nearest whole dollar.
November 21, 2014 by Brittany

Finite Mathematics
Jessica wants to accumulate $14,000 by the end of 5 yr in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 5-yr period. If the bank pays interest...
February 7, 2011 by Salvany

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

math
Model this situation w/ a linear system: Melissa borrowed $10, 000 for her university tuition. She borrowed part of the money at an annual interest rate of 2.4 % and the rest of the money at an annual rate of 4.5 %. Her total annual interest payment is $ 250.50
June 11, 2013 by trixie

Intermidiate algebra
a woman ivests in two bank accounts, one with a 3% percent interest and the other paying 9% simple interest per year.She puts twice as much in the lower account. Her annual interest is 7110. How much did she invest in each account?
October 19, 2012 by jay

pre algebra
At the beginning of the year 2000, Bob put $100 in a savings account. The bank pays Bob 5% interest on his total savings at the end of each year including all interest added to the account. Assume the interest rate continues and Bob does not deposit any additional money in the...
May 2, 2013 by julious

financial
Determine the amount of money in a saving account at the end of five years, given an initial deposit of $5,000 and a 12 percent annual interest rate when interest is compunded a) annually b) semiannually c) quarterly
November 2, 2009 by Anonymous

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
Model this situation w/ a linear system: Melissa borrowed $10, 000 for her university tuition. She borrowed part of the money at an annual interest rate of 2.4 % and the rest of the money at an annual rate of 4.5 %. Her total annual interest payment is $ 250.50 a.) a + b = 10 ...
June 11, 2013 by trixie

math
Linda invests $15,000 in a retirement account that pays 9%interest compounded monthly. How much will she have in this account after 5 years?
December 13, 2008 by Blake

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
If a sum of money is deposited in a savings account that is paying x percent annual interest the this sum of money increases by a factor of(1+x) squared after 2 years. multiply this expression. evaluate the polnomial expression found in part A for an annual interest rate of 50...
April 25, 2012 by scott

math
true or false? Money in a bank account earning compound interest at an annual rate of 5% represents an example of linear growth? I say True...
November 27, 2011 by issa

math
A bank account earns 10 percent interest compounded continously. What annual amount of money must parents deposit each year in order to save 110000 dollars in 9 years for a child's college expenses? Assume the annual amount is added continuously over the period of each year.
March 14, 2011 by aj

finite math
Carlos invested $6,000 in a money market mutual fund that pays interest on a daily basis. The balance in his account at the end of 8 mo (245 days) was $6,230.23. Find the effective rate at which Carlos's account earned interest over this period (assume a 365-day year). (Round ...
May 7, 2011 by Amber

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 , heíll invest the money he gets for the sale of the card in a bank account that ...
May 23, 2012 by victoria

college math
Suppose you deposit $103,000 into an account paying 7.5% simple annual interest, and that you won't touch the account until it holds $1,000,000. How long must you wait?
February 26, 2014 by Keisi

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
chris put $1,500 in a savings account at an annual interest rate of 5%. If chris does not deposit or withdraw any money, what is the amount of interest chris will earn the first year her money is in the savings account? use the formula i=prt
August 4, 2013 by Nicole

Math
the amount of simple interest earned in a savings account varies directly with the amount of money in the savings account with the amount of money in the account. A certain bank offers a 2% savings rate write a direct variation equation for the amount of interest, y earned on ...
October 15, 2014 by M

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