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August 28, 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: 24,396

algebra
Calvin invested $7500 for one year, part 12% annual interest and the rest at 10% annual interest. His total interest for the year was $890. How much money did he invest at 12%?
September 7, 2012 by Briana

math
Andrew wants supplement his pension with investment interest if he invests 28,000 at 6% interest how much would he have to invest a t 7% to achieve the goal of 3,000 per year in supplemental income.
March 2, 2014 by rose

math need help with this
If on the first of January a savings account has a balance of $3200 what amount will be in this account after three years if the bank gives 6% per year interest compounded quarterly?Assume that there are no deposits or withdrawals of money during these three years.
December 17, 2008 by laura

essential Mathematics
if on the first of january a savings account has a balance of $3,200, what amount will be there in this account after three years if the bank gives 6% per year interest compounded quarterly? (assume that there are no deposits or withdraws of money during these three years.
May 28, 2010 by unknown

Math
Rosa invested $8000 for one year, part ast 8% annual interest and the balance at 10% annual interest. Her total interest for the year was $700. How much money did she invest at each rate?
October 22, 2009 by cole

Algebra Grade 7
If a bank offers a savings account that pays simple interest rate of 4% and you deposit $475.00 into this account, how much interest will you have earned after 3 years?
October 18, 2012 by rawr... im a dinosaur.... rawr

sat math
I have some questions that I'm a little stuck on. They're pretty simple but I'm just having trouble. Can someone please tell me the steps on how to solve them? 1. A collection of books is set up into 34 rows. The first row has 96 books, and each row after that one has 2 less ...
May 29, 2013 by zf

math
Kent invested $5000 in a retirement plan. He allocated x dollars of the money to a bond account that earns 4% interest per yr and the rest to a traditional account that earns 5% interest per yr. Write an expression that represents the amount of money invested in the ...
February 17, 2011 by ---

math
Kent invested $5000 in a retirement plan. He allocated x dollars of the money to a bond account that earns 4% interest per yr and the rest to a traditional account that earns 5% interest per yr. Write an expression that represents the amount of money invested in the ...
February 17, 2011 by ---

finance
Monrrow Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 7.7% on these bonds. What is the bond's price?
November 4, 2013 by granann

Finance (Engineering Economics)
You wish to retire at 60 and, at the end of each month thereafter for 25 years, to receive $6,000. Assume that you begin making monthly payments into an account at age 23 and continue these payments until age 60. If the annual interest rate is constant at 12 percent, how much ...
April 4, 2012 by Chase

accounting
A new company called Bloomner construct, buys and sells furniture. During January the following happens: 1. The owner of the company pays in $50 000 into the cash, as starting capital. 2. The bank grants the company a bank loan of $40 000, the interest is 15 % annually and the...
October 27, 2009 by Micky

algebra
HELP! Please Calvin invested $7500 for one year, part 12% annual interest and the rest at 10% annual interest. His total interest for the year was $890. How much money did he invest at 12%? Show work.
September 7, 2012 by Briana

Accounting
1. Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of $10,000. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? 1. $1,200 gain 2. $17,000 gain 3. $1,200 loss 4. $17,000 loss 2. Which of ...
July 25, 2010 by Tasha

business finance
If i invested 10,000.00 in a bank CD that pays a 6% annual interest. How much will the CD be worth at the end of five years
February 11, 2013 by elh009

Personal Finance
Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the seventh year? Mary and Joe would like to save up $10,000 by the end of three years from now to ...
March 23, 2010 by Linda

math
Jim wants to deposit money in an account to save for a new stereo system in two years. He wants to have $4,000 available at the time. The following rates are available to him: 6.2% simple interest 6.1% compounded annually 5.58% compounded semiannually 5.75% compounded ...
October 22, 2009 by HG

Calc
A person deposits money into a retirement account, which pays 7% interest compounded continuously, at a rate of $1000 per year for 20 years. Calculate: a. The balance of the account at the end of 20 years b. the amount of money actually deposited into the account c. the ...
April 8, 2008 by James

math
Jim wants to deposit money in an account to save for a new stereo system in two years. He wants to have $4,000 available at the time. The following rates are available to him: 6.2% simple interest 6.1% compounded annually 5.58% compounded semiannually 5.75% compounded ...
April 25, 2011 by Sabrina

math
Rob has a balance of 1695$ in his bank account The account pays 2.9% interest per year, compounded annually. The compound interest formula is A=P(1+i)^n A=future value\P=principal/i+interest rate/n=number of payments rods balance will reach 3000$ after how many years?
October 3, 2013 by sam

mat 115
If $1,000.00 is deposited into an account paying 3% interest compounded annually (at the end of each year), how much money is in the account after 5 years? (Round to the nearest cent.) I cannot remeber the formula for this problem can you help
March 12, 2010 by Mickey

pre-algebra
Shannon put $ 7,000 in a 5 year CD that paid 8% interest per year. Malcolm put $6,000 in a 5 year CD that paid 10% interest. What was the balance of each person's account at the end of the 5 years? Who made more money and how much more did they make? (Use I= PRT Where I= ...
March 14, 2008 by Dj

Math
On the June 12 interest payment date, the outstanding balance on Delta Nurseries’ revolving loan was $65,000. The floating interest rate on the loan stood at 9.25% on June 12, but rose to 9.5% on July 3, and to 10% in July 29. If Delta made principal payments of $10,000 on ...
December 13, 2013 by Anonymous

math
On the June 12 interest payment date, the outstanding balance on Delta Nurseries’ revolving loan was $65,000. The floating interest rate on the loan stood at 9.25% on June 12, but rose to 9.5% on July 3, and to 10% in July 29. If Delta made principal payments of $10,000 on ...
December 15, 2013 by Anonymous

math
Luis put $800 in his saving account whichs pays 6% annual interest How much will he have in his account in a year if the interest is compounded quarterly? what is the first quarter principle?
December 9, 2010 by carolyn

math
john hunt has invested $500.00 in a savings account that pays 6% annual interest, compounded quarterly. After the second quarter of interest has been credited, what is the amount in the account?
February 26, 2013 by Anonymous

Compound math
(Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly? b. interest is compounded monthly? c. interest is compounded daily?
April 19, 2011 by Help

Math
If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is compounded quaterly Find the amount in the bank ...
July 13, 2011 by tony

algebra
$7,000 is invested into two accounts: 4,000 into an account paying 5% interest compounded monthly and $3,000 into an account paying 4.1% interest compounded continuously. compute the total interest earned at the end of 2 years.
October 31, 2011 by Anil

lehman
Investment A clothing company borrows $700,000. Some of the money is borrowed at 8%, some at 9%, and some at 10% simple annual interest. How much is borrowed at each rate when the total annual interest is $60,500 and the amount borrowed at 8% is three times the amount borrowed...
June 13, 2014 by bibi

Finance
calculate the future value of $5,000, given that it will be held in the bank for five years and earn an annual interest rate of 6%
November 20, 2012 by Anonymous

math
Present Value suppose your bank account will be worth $7000 in one year. The interest rate (discount rate) that the bank pays is 8%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only 3%
July 27, 2009 by Eloisa

FINANCE
Polycorp Treasury a company in the land of Zanadu is holding a parcel of Zanadu Government Bonds with a face value of $2,000,000. The bonds were issued seven years and nine months ago and still have two years and three months to maturity. They pay a coupon rate of interest of ...
March 27, 2014 by Anonymous

math
Find the balance in Myra's account after 1 year if her bank paid 5.75% simple interest on her deposit of $6,000
June 30, 2010 by ange

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
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

math
A savings account opened 3 months ago now has a balance of Rs. 20,400. If the bank pays 8 percent p.a. Simple interest, how much money was deposited?
March 23, 2013 by S

Math
Find the interest if $ 9,000 is invested at an annual simple interest rate of 8 % for 3 years. Use the formula I = P × R × T , where I is the interest earnings, P is the principal, R is the annual rate and T is the time, expressed in years. (a) $ 216,000 (b) $ 4,216.00 (c) $ 2...
September 15, 2011 by Adam

math
To save for a child's education,the petersen's deposited $2500 into an account that pays 6% annual interest compounded daily. Find the amount of interest earned on this account over a 20-year period.
October 24, 2011 by Cliff

Algebra
Mrs. Jones invested $10,000, some in each of two separate accounts. One pays 5% interest and the other 6%. If her combined annual interest is $575, how much does she have invested in each account?....I need help solving this problem...thanks
December 13, 2009 by Mike 50

math
austin invests 4500 with first national bank at 5 1/4% simple interest. how much interest does austin earn after one year?
April 8, 2010 by michele

Algebra
I need help with this like really badly sooo yeahhhh:) here it is: Hugo withdrew some money from his bank account. He spent one third of the money for gasoline. Then he spent half of what was left for a haircut. He bought lunch for $6.55. When he got home,he had $13.45 left. ...
August 22, 2012 by Emily

Maths ,science
Bongiwe invests R12000 in a savings account at 6,5% per annum compound interest.Calculate how much there will be in the savings account after 5 years
May 29, 2014 by Pardon

math
alison invests £400 in an account paying compound interest 4% per annum.find the interest earned over 5 years,round your answer to 3 significant figures.
October 25, 2012 by rahel

Math
$15,000 in the bank at 3% interest, how much would you have in the bank after one year if the interest were compounded quarterly
August 9, 2012 by Trina

math
if you invest $25,000 in an account that gets 12% annual interest compounded quarterly, how much would you have in 10 years?
February 18, 2013 by james

Math
Chris deposited $1,500 in a bank account for 2 years. The account earned $120.00 in simple interest. What simple interest rate did he receive?
February 18, 2013 by Ryan

Algebra
Need help with this: 39. Money in a bank account that compounds interest by some percentage acts _____ a. linearly b. exponentially c. negatively d. like a fraction I'm stuck between A or B... Thanks -MC
June 19, 2010 by mysterychicken

Business finance
In a discount interest loan, you pay the interest payment up front. For example, if a 1-year loan is stated as $10,000 and the interest rate is 10 percent, the borrower “pays” 0.10 x $10,000 = $1,000 immediately, thereby receiving net funds of $9,000 and repaying $10,000 in a...
January 10, 2011 by Bryan

eco
Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is: A. $400. B. $1,600. C. $160. D. $85. 10. Suppose a loan customer is considering two alternative $22,000 loans. Loan 1 requires payment of $1,100 of interest ...
May 26, 2011 by matt

econ
Consider the following data about the goods market in a hypothetical closed economy. Assume that government expenditure is constant at $200 million. Also assume that there is equilibrium in the goods market at all times. Some of the pairs of interest rate and aggregate output ...
March 14, 2010 by sonia

econ
Consider the following data about the goods market in a hypothetical closed economy. Assume that government expenditure is constant at $200 million. Also assume that there is equilibrium in the goods market at all times. Some of the pairs of interest rate and aggregate output ...
March 14, 2010 by sonia

Economics
b) If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level (before the increase in the taxes) in the money market?
April 23, 2013 by Chuck

Economics
b) If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level (before the increase in the taxes) in the money market?
April 23, 2013 by Chuck

Economics
b) If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level (before the increase in the taxes) in the money market?
April 23, 2013 by Chuck

Economics
b) If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level (before the increase in the taxes) in the money market?
April 23, 2013 by Chuck

Economics
b) If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level (before the increase in the taxes) in the money market?
April 23, 2013 by Chuck

Economics
b) If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level (before the increase in the taxes) in the money market?
April 23, 2013 by Chuck

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

Finance
can you answer this? 1 . cost of trade credit abcdef corporation purchase merchandise for $200,000, 2/10, n/30 required:1 . annual cost of trade credit 2 . trade annual cost of trade credit item is chaned to 1/15, n/20 2 . cost of bank loans abcdef corp, was granted a $200,000...
March 10, 2009 by meimei

math
2. Susan has a bank account in Bank of America. She takes out 600 dollars a month for rent. 3 month later, she has $3,200. What is the linear equation that describes Susan’s situation? How much did Susan start with in her bank account? How many months will it take for Susan to...
September 29, 2013 by jarron

Business Accounting
why does the bank tell you they are "crediting" your account when they increase it and "debiting" your account when they decrease it? I know this is a simple question but I just want to make sure I am currect with my answer before I post it to my class forme. Answer: A bank ...
May 13, 2009 by Anonymous

math
. Richard Simons is selling his house. He has a choice of taking $125,000 today or $135,000 in 6 months. If he takes the money today, he can invest it at Valley Bank at 5% interest compounded monthly.How much would the 125,000 be worth in six months if invested?Which offer ...
December 2, 2013 by Lynda

Math
James has 10,000 to invest. If he invest money in a savings account that pays 4% APR, calculate the following: a) how long will it take to have a total of 15,000 if interest is compounded quarterly (3months)? b)how much will he have after 7yrs if interest is compounded yearly...
April 28, 2013 by martha

business math/finance
1. If you were to place $15,000 in the bank at 3% interest, how much would you have in the bank after one year if the interest were compounded quarterly?
March 11, 2013 by shaunta

business
Susie has decided to make deposits at the end of each quarter in the amout of $5,000. After three years, she makes more deposits and just lets the money sit there for two more years. What will be the balance in the account at the end of that time? Assume the bank will give her...
July 8, 2013 by mo2

Math 81
How can $60,000 be invested, part at 7% annual simple interest and the remainder at 12% annual simple interest, so that the interest earned by the two accounts will be equal?
June 21, 2012 by Charlene

FINANCE
Carborundum Metals issues commercial paper with a face value of $1,000,000 and a maturity of three months. Carborundum receives net proceeds of $992,000 when it sells the paper. If the prime rate is 8% APR compounded quarterly, how much savings in interest did Carborundum ...
November 30, 2010 by KEVIN

Finance
Carborundum Metals issues commercial paper with a face value of $1,000,000 and a maturity of three months. Carborundum receives net proceeds of $992,000 when it sells the paper. If the prime rate is 8% APR compounded quarterly, how much savings in interest did Carborundum ...
December 1, 2010 by KEVIN

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

Quantitative methods
Allen must decide whether to invest $10,000 in the stock market or in a certificate of deposit (CD) at an interest rate of 9%. If the market is good , he believes that he could get a 14% return on his money. With a fair market, he expects to get an 8% return. If the market is ...
January 17, 2008 by Quenice

Corporate Finance
A project cost $1 million and has a base-case NPV of exactly zero (NPV = 0). What is the projects' APV in the following cases? a. If the firm invests, it has to raise $500,000 by a stock issue. Issue costs are 15% of net proceeds. b. If the firm invests, its debt capacity ...
April 17, 2011 by Big TEE

Calculus :)
If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 11 years if interest is compounded annually ____ Find the amount in the bank after 11 years if interest is compounded quaterly ____ Find the amount in ...
August 22, 2011 by Brit

macroeconomics
1 The most important reason for the slope of the aggregate demand curve is that as the price level _______. 1) increases, interest rates decrease, and investment increases 2) decreases, interest rates decrease, and investment decreases 3) increases, interest rates increase, ...
December 16, 2008 by youngcity

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

Accounting
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bonds have an annual interest rate of 6% payable on June 30 and December 31. The entry to record the purchase of the bonds would include: A.Interest ...
June 9, 2013 by Mike

math
An investor has 7000 to invest in two accounts. The first account earns 8% annual simple intrest, and the second account earns 13% annual simple intrest .How much money Should be invested in each account so that the simple intrest earned is 500?
August 11, 2013 by Anonymous

college
how to make a t account for owner invests 100,000 in cash and purchase a 10,000 printer on credit at business inception
April 12, 2010 by julie

college
how to make a t account for owner invests 100,000 in cash and purchase a 10,000 printer on credit at business inception
April 12, 2010 by julie

personal finance
calculating future value of retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent?
January 24, 2012 by marie

math
Money is deposited in an account for which the interest is compounded continuously. If the balance doubles in 6 years, what is the annual percentage rate? Can someone show me how to set this up? I have to use the equation: M(t)= Ce^(kt). Thanks.
February 24, 2010 by ciara

math compound interest
rigoberto invests $8,000 at 6% interest comp semiannually for 1 year. Use the compound interest formula
July 1, 2013 by artyst

tax income
A taxpayer can exclude from income interest received from: A. a savings account established at a local bank. B. a credit union. C. a seller-financed mortgage transaction. D. municipal bonds issued by the state. is it D
March 2, 2012 by Billy

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

calculus
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 lyna

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

finance management
John Roberts has $42,180.53 in a brokerage account, and he plans to contribute an addtional $5,000.00 to the account at the end of the year. the brokerage account has an expected annual return of 12%. If John's goal is to accumulate $250,000.00 in the account, how many years ...
January 10, 2008 by cj

math
1.   Which graph might show the temperature during a 24-hour period?  (1 point) A B C D 2.   Which graph might show the amount of money in a bank account if money is never taken out?  (1 point) A B C D 3.   Which graph might show the amount of money in a bank account if money ...
April 30, 2014 by Danica

finance
John Roberts has $42,180.53 in a brokerage account, and he plans to contribute an additional $5,000 to the account at the end of every year. The brokerage account has an expected annual return of 12 percent. If John’s goal is to accumulate $250,000 in the account, how many ...
January 22, 2008 by tippy

personal finance
kim and dan bergholt are both government workers they are considering purchasing a home for $280,000 utilities are $220 maintenance at $100 property at $380 utilities 220.00 maintenence 100. property taxes 380. insurance 50. there only debt is a ar loan of 350. Kim gross ...
July 30, 2008 by loraina

math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?
November 15, 2010 by Anonymous

Math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?
May 4, 2012 by Paige

math
We deposited 7,500 dollars into a savings account which pays 3.6 percent annual interest, compound quarterly.How long after the money is deposited will the account balance be 9,750 dollars?What initial deposit will generate a balance of 12000 dollars in exactly 4 years and 6 ...
September 28, 2010 by nesha

math
Ronelio invests $29,000 in two one-year certificates of deposit. One certificate pays 4%, and the other pays 4.75% simple interest annually. (a) Construct a model for the total interest I(x) Ronelio earns in one year on his investments. (Let x represent the amount invested at ...
August 4, 2014 by Marie P.

Mathematics
Construct a schedule for the amortization of: (a) a debt of $15,000,000 with interest at 12% by 5 equal annual payments. (b) a debt of $25,000,000 with interest at 12.5% compounded semi-annually by making 6 equal semi-annual payments.
June 22, 2010 by Gibbons

Mathematics
Construct a schedule for the amortization of: (a) a debt of $15,000,000 with interest at 12% by 5 equal annual payments. (b) a debt of $25,000,000 with interest at 12.5% compounded semi-annually by making 6 equal semi-annual payments.
June 22, 2010 by Gibbons

anonymous
1.) an account invested in a month market fund grew from $67,081.20 to $67,359.39 in a month. What was the interest rate, to the nearest tenth? 2.)you are due a tax refund of $760. your tax preparer offers you a no-interest loan to be repaid by your refund check, which will ...
March 15, 2011 by math i have a few questions.hepl pls ty

math
Alicia Eastman deposited $2,000 in a savings account at the Biltmore Bank paying 6% ordinary interest. How many years will it take for her investment to amount to $2,600?
June 15, 2013 by keionna

math
Alicia Eastman deposited $2,000 in a savings account at the Biltmore Bank paying 6% ordinary interest. How many years will it take for her investment to amount to $2,600?
June 16, 2013 by cc

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