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December 18, 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: 25,685

Math 115
If $9,000.00 is deposited into an account paying 4% interest compounded annually (at the end of each year), how much money is in the account after 5 years? (Round to the nearest cent.)
March 14, 2009 by Julie

algebra 1
formula A=P(1+r)^t An account earning interest at a rate of 4% has a principal of $500,000. If no more deposits or withdrawals are made, about how much money will be in the account after five years?
January 5, 2012 by josh

precal
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. Use the Rule of 72 to estimate how much time it would take to double Joan's investment in Bank A.
September 10, 2010 by Anonymous

Math
Sam gets deposits a total of $3500 every three months to the bank which earns a 6.5% p/a. After five years how much will he have in his account? Ren wants to buy a new car that costs $26255, so, he would deposit money into his savings account with an interest rate of 3.9% p/a ...
July 13, 2011 by Kate

math
not sure how to solve this problem, Mrs. Smith put $5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year
April 30, 2013 by sandra

math
not sure how to solve this problem, Mrs. Smith put $5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year
April 30, 2013 by sandra

Economics
2. Lucy quits a $50,000 job to open her waffle business. She makes $225,000 in revenue from her first year of waffle sales. She pulls $50,000 out of an account that returns 3% interest per year and invests the entire amount in her business. She also borrows $50,000 at 10% ...
July 9, 2011 by Carol

economics
The Australian dollar is currently very high, with a value of US$0.80. Many people expect the Australian dollar to rise even higher by the end of the year, to as much as US$0.90. Use a ¡°FOREX¡± (foreign exchange market) diagram to show the impact of this expectation on the ...
June 7, 2007 by Gary.L

mat
Sara invested money at a bank that paid 3.5% annual interest compounded quarterly. If she had $4650 at the end of 4 yr what was her initial investment?
April 17, 2011 by yenny

College Algebra
bank a is lending money at 5.7% interest compounded annually. The rate at bank b is 5.6% compounded monthly, and the rate at bank C is 5.65% compounded quarterly. Which bank will you pay the least interest?
April 25, 2012 by Justin

math
Find the amount of money in an account after 7 years if $3900 is deposited at 7% annual interest compounded monthly.
September 21, 2009 by lori

Math
Find the amount of money in an account after 12 years if $1000 is deposited at 5% annual interest compounded quarterly.
November 20, 2009 by Megan

math
Find the amount of money in an account after 12 years if $1000 is deposited at 5% annual interest compounded quarterly.
November 22, 2009 by Meg

differential equation
If P(t) is the amount of dollars in a savings bank account that pays a yearly interest rate of r% compounded continuously ,then dP/dt=(r/100)(P) , t in years . Assume the interest is 5% annually ,P(0)=$1000 ,and no monies are withdrawn a)how much will be in the account after 2...
February 25, 2013 by deq

algebra 1
Money in a bank account that compounds interest by some percentage acts______. a. linearly b. exponentially c. negatively d. like a fraction B?
August 30, 2010 by Lily

math
you borrow $1200 from a bank that bank charges 9.5% simple annual interest. after 15 months you pay back the loan. how much interest do you pay on the loan? what is the total amount that you pay the bank.
December 6, 2012 by jordan

College algebra
Things did not go quite as planned. you invested $8,000, part of it in a stock that payed 12% annual interest. However the rest of the money suffered a 5% loss. If the total annual income for both investments was $620.
January 29, 2014 by Kat

math
Suppose $500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of $200 in interest between the two accounts. How much was invested into the bank account that pays 10% simple interest (...
June 20, 2012 by Anonymous

Pre-Algebra
Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and...
June 14, 2010 by Steve

College Algebra~ Check answer please
Can someone check my answers please. The formula for calculating the amount of money returned for an initial deposit into a bank account or CD (certificate of deposit) is given by A=P(a+r/n)^nt A is the amount of the return. P is the principal amount initially deposited. r is ...
December 11, 2007 by Alicia

Math
Joanie takes a $6,000 loan to pay for her car. The annual interest reate on the loan is 12%. She makes no payments for 4 years, but has to pay back all the money she owes at the end of 4 years. How much more money will she owe if the interest compounds quarterly than if the ...
November 21, 2014 by Emily Fisher

algebra
Hannah invests $3850 dollars at an annual rate of 6% compounded continuously, according to the formula A=Pe^rt, where A is the amount, P is the principal, e=2.718, r is the rate of interest, and t is the time, in years. (a) Determine, to the nearest dollar the amount of money ...
July 27, 2012 by Carla

Calculus Please help!
If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? B) Find the amount in the bank after 6 years if interest is compounded quaterly? C) Find the amount in the...
February 21, 2014 by ALI

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...
October 3, 2009 by callie

econ 181
What isthe max amount of new loans that this bank can make? How will appear on the balance sheet after the bank has lent this money? (show in column 1) Explain how the supply of money changed? How will the bank's bal sheet appear after checks drawn fortghe entire amount of the...
July 2, 2007 by Anika Bennett

accounting
a company issues 7% 10 year bonds with a par value of $150,000 and semi annual payments. On the side date the annual market rate for these bonds are 8%, which implies a selling price of 93 1/4 the straight line is used to allocate interest expense what is the total amount of ...
September 13, 2011 by jamaal

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? Need the amount at 4...
September 12, 2014 by Alana

math
Find the amount of money in an account after 12 years if $1000 is deposited at 5 percent annual interest compounded quarterly
November 20, 2009 by Anonymous

Algebra 2
How much money would you have in 4 years if you deposited $2500 in an account paying 5.5% annual interest, compounded monthly?
February 27, 2013 by Anonymous

college math
Cindy deposited $1,000 in an account that pays 12% interest compounded quarterly. How much money will Cindy have in the account after 7 years?
April 24, 2010 by patrice

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 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

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

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

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

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
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

Still confused
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

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
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

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

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

College Algebra
If monthly payments p are deposited in a savings account paying an annual interest rate r, then the amount A in the account after n years is given by A= p(1+r/12)[(1+r/12)^12n - 1]/ (r/12) Graph A for the values of p and r. p = 100, r = 0.06 Estimate n for A = $200,000. (Round...
December 10, 2014 by Ashton

Intermediate Algebra
How much would you have to deposit today in order to have $5000 in 4 years in a bank account that pays 5% annual interest rate
November 8, 2014 by Babydoll2007

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

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
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

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

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
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
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

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

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

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
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

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

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

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
$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

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

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

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

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

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

Intermediate Algebra
Suppose you have a credit card debt of $6000. Last month, the bank charged you $85 interest on the deb. The solution to the equation is 85=6000/12 r represents the annual interest rate on the credit card. Find the annual interest rate on the credit card. 85*12=1020 1020/6000 =...
November 14, 2014 by Anonymous1234

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

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

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

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

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