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March 4, 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: 60,363

Algebra 2
Suppose you deposit $1500 in a savings account that pays interest at an annual rate of 6%. No money is added or withdrawn from the account. How many years will it take for the account to contain $2500?
June 6, 2012 by Chocolate

math
How much more money would I have if I invested $14,000.00 for 8 years at 6.4% in an account that compounded annually rather than in an account that just earned simple interest? Why is this?
August 23, 2010 by jessica

calculus
Assume your business associate owes you $13650. Also assume they offer either $12020 now or $ 1950 per year for 7 years, starting now. Assume a 5.6% market interest rate, compounded continuously. How much would you have at the end of 7 years if you choose to take the $12020 ...
September 16, 2010 by molly anne

Mathematics
Patrick invests a sum of money for 2.5 years at 12% p.a. compounded monthly. If he earns $11305 after 2.5 years, how much is his investment?
March 26, 2012 by Renee

~~~Math~~~~~~~~
Patrick invests a sum of money for 2.5 years at 12% p.a. compounded monthly. If he earns $11305 after 2.5 years, how much is his investment?
March 27, 2012 by Jessie

Math
Your Aunt will give your $1,ooo if you invest it for 10 years in an account that pays 20% interest compounded annually. That is, at the end end of each year your interest will be added to your account and invested at 20%. What will your account be worth at the end of 10 years...
August 30, 2006 by Natalie

Algebra
An initial investment of $1000.00 is appreciated for 5 years at 15% interest compounded semiannually. How much money is in the account after the period ends?
July 15, 2011 by Kim

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

Finance
1. A man establishes an annuity for retirement by depositing $50,000 into an account that pays 7.2% compounded monthly. Equal monthly withdrawals will be made each month for 5 years, at which time the account will have a zero balance. Each year taxes must be paid on the ...
July 11, 2011 by Elizabeth

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

finance, please help
1. Calculate the present value of an investment given the following information: (a) Years—20, (b) Rate—10%, and (c) Future Value—$20,000. 2. Calculate the future value of an investment given the following information: (a) Years—10, (b) Rate—5%, and (c) Present Value—$10,000. ...
June 3, 2012 by farah

finance
Suppose that you are 25 years old and you have two options to save money for retirement. Plan A allows you to save $3000 per year for the next 20 years, then sit for 20 years and finally draw on it for the following 30 years. Plan B allows you to wait 20 years and save $20,000...
January 15, 2013 by Jessie

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

Math
I really need some help with this one. 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-...
October 23, 2009 by Stacy

math
This problem has to do with exponential models. The question says, you deposit $1600 in a bank account. Find the balance after 3 years for each of the following situations. The first one says: 1. The account pays 2.5% annual interest compounded monthly. 2. The account pays 1....
March 9, 2008 by Cecilia

Math [Interest]
Okay, so I've been away from school for three weeks, and we have a math test tomorrow. I only just found out, and my friend emailed me the review questions. If someone could help me out, and show me how to do this, I'd appreciate it. No, I do not want someone to do my homework...
October 20, 2010 by Bob

Finite math
The manager of a money market fund has invested $4.2 million in certificates of deposit that pay interest at the rate of 5.4%/year compounded quarterly over a period of 5 years. How much will the investment be worth at the end of 5 years?
July 28, 2013 by Brian

math
If $3,000.00 is deposited into an account paying 4% interest compounded annually (at the end of each year), how much money is in the account after 2 years? (Round to the nearest cent.) A)
August 19, 2007 by sandy

Math
If $3,000.00 is deposited into an account paying 3% interest compounded annually (at the end of each year), how much money is in the account after 4 years? (Round to the nearest cent.)
May 26, 2008 by Jennifer

math
If $3,000.00 is deposited into an account paying 3% interest compounded annually (at the end of each year), how much money is in the account after 4 years? (Round to the nearest cent.)
July 25, 2009 by Jean

math
If $3,000.00 is deposited into an account paying 3% interest compounded annually (at the end of each year), how much money is in the account after 4 years? (Round to the nearest cent.)
May 8, 2010 by Sawa

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
Richard Simmons 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. a. How much would be in the account after six months if he took the 125,000. ...
April 14, 2014 by Mani

Personal Finance Concept
Bernie and Pam Britten together earn $100,000 a year. They have $40,000 to invest they are considering buying a condo for $100,000 with a required $10,000 down payment. Their friend has recommended the following investments the condo-expected annual increase in market value= 5...
February 21, 2009 by Penny

FINANCE
Now that they have accumulated a deposit of 55,000 Jack and Jill take out a housing loan to purchase a home. The house costs $755,000. It is to be repaid in equal monthly instalments over a term of 30 years. The interest rate quoted by the bank is an effective annual rate is 7...
March 27, 2014 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% ...
February 6, 2012 by T.

Algebra
If someone invests $8000 at 7%, how much additional money must he invest at 4% so that his total annual income may equal 5% of his entire investment?
January 2, 2013 by Betsy

Math
Can someone steer me in the right direction? Here's the question. 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 ...
October 20, 2009 by Cathy

Math
Maya bought a car for $15,000. To pay for it, she took a bank add-on interest loan at an annual interest rate of 9%. The loan term is 5 years. How much interest will she pay and what are her monthly payments?
March 25, 2012 by Dee

Finance
Bernie and Pam Britten are a young married couple beginning careers and establishing a household. They will each make about $50,000 next year and will have accumulated about $40,000 to invest. They now rent an apartment but are considering purchasing a condominium for $100,000...
July 20, 2006 by Jes

college
A company is considering the purchase of a forest that is estimated to yield an annual return of $50,000 for 10 years, after which the forest will have no value. The company wants to earn 8% on its investment and set up a sinking fund to replace the purchase price. If the ...
June 21, 2010 by Gibbons

math college
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

Math 109
Your cousin has just won the lottery and wants to create an account that will have $100,000 in 16 years to help pay for their child's college tuition. If the account has a fixed interest rate of 4.6% compounded 4 times each year, how much money should they put into the account?
December 10, 2011 by Haley

Math 109
Your cousin has just won the lottery and wants to create an account that will have $100,000 in 16 years to help pay for their child's college tuition. If the account has a fixed interest rate of 4.6% compounded 3 times each year, how much money should they put into the account?
December 13, 2011 by Julie

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

Calculus
I'm having trouble trying to figure this problem out, I know the variables of the problem but I don't seem to get the right answer here is the formula that i'm using: A = P (1 + r/n)^n * t. Here is the problem: If Joe deposits $12,000 into an account that yields 3% annual ...
April 1, 2007 by Vesone

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

math
A money market fund pays 14% annual interest compounded daily. What is the value of $10,000 invested in this fund after 15 years?
November 13, 2010 by Amanda

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

PRE-CALC
If you put $2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals
December 29, 2014 by Anonymous

Compound interest
Hello My teacher skipped over this and I have no clue how to do this or the equations. Help would be wonderful thank you If 6000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 15 years if interest is ...
May 12, 2012 by someone

finance
You invest $1,000 in a certificate of deposit that matures after 10 years and pays 5 percent interest, which is compounded annually until the certificate matures. a) How much interest will the saver earn if the interest is left to accumulate? b) How much interest will the ...
April 3, 2011 by Anonymous

math
Sally invests some money at 6%/a compounded annually. After 5 years, she takes the principal and interest and reinvests it all at a 7.2%/a compounded quarterly for 6 more years. At the end of this time, her investment is worth 14,784.56.how much did sally originally invest? I ...
January 13, 2009 by Mae

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
A man invests $5500 dollars in three accounts that pay 5%, 8%, and 9% in annual interest respectively. He has two times as much money invested at 9% as he does at 8%. If the total interest earned for the year is $449, how much is invested at 5%?
October 26, 2012 by Giselle

Economics
During a year of operation, a firm collects $450,000 in revenue and spends $100,000 on labor expense, raw materials, rent, and utilities. The firm's owner has provided $750,000 of her own money instead of investing the money and earning a 10% annual rate of return. What is the...
September 3, 2009 by John

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

Calculas HS
continous compounding you have $1000 wiht which to open an account to which you plan also to add $ 1000 per year. all funds in the account will earn 10% annual interest compounded continously. if the added deposits are also credited to your account continously, the number of ...
January 27, 2009 by may

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

Algebra
An initial investment of $480 is invested for 4 years in an account that earns 16% interest, compounded quarterly. What is the amount of money in the account at the end of the period?
May 7, 2010 by Cherie

math,percentage
Mr Srinivasan invests 55000$ in a fixed deposit account.the interest rate is 3.3% per year.how much money will he have in the account after 1year? please show your operations clearly.
February 13, 2012 by kimi

math
an investment of $10,000.00 in the Emerging Country Debt fund in 2001 was worth 24,780 in 2006 money mag used the formual r=(s/p)^1/n -1 to find the 5 year average annual return. What is the return. How do I solve this
March 17, 2009 by Debbie

Finance
If you open an IRA at a commercial bank and deposit $1000 in the account per year, how much will be in the account after 20 years if the funds earn 7%?
November 5, 2014 by Anonymous

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
Jamaal is planning to invest up to $23000 in City Bank or State Bank. He wants to invest at least $4000 in City Bank, but not more than $16000; since State Bank does not insure more than $8000, he wants to invest no more than this amount in State Bank. The interest at City ...
April 11, 2012 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

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

Math
John invests $100,000 in a newly issued 3 year bond. The bond is issued at par on 1 Jan 2007.The coupon rate is 4%. Interest is paid on each 30 Jun and 31 Dec. On 1 Jan 2008, John finds that the stock market provides better return. Therefore, John sells the bond on 1 Jan 2008...
October 11, 2007 by Elain

Math
Sarah has $480 in her savings account earning 4/1/4% interest. How much interest will she earn in 2/1/2 years? How much money will be in the account after 2/1/2 years? First year -- $480 x .0425 = $20.40 ..................$480 + 20.40 = $500.40 Second year -- $500.40 x .0425...
June 15, 2007 by Brian

trig
starting salary for a job is 30,000 with a guaranteed raise of $5,000 each year for the first 5 years. write an explicit formula to represent how much money you would earn each year. how much money would you earn in the fifth year?
January 31, 2012 by lisa

Pre algebra
Tasha has a savings account which earn 8% interest. If she has $1400 in her account, how much interest will she earn in one year? I got $112.00 but it doesn't look right.
June 24, 2012 by Ben

Finance
5. John and Daphne are saving for their daughter Ellen's college education. Ellen just turned 10 (t=0), and she will be entering college 8 years from now (at t=8). College tution and expenses at State U. are currently $14,500 a year, but they are expected to increase at a rate...
October 20, 2011 by Alice

math
An initial investment of $1240 is appreciated for 17 years in an account that earns 8% interest, compounded continuously. Find the amount of money in the account at the end of the period.
April 8, 2011 by allison

Math
An initial investment of $1000 is appreciated for 8 years in an account that earns 9% interest, compounded annually. Find the amount of money in the account at the end of the period
June 8, 2011 by Lisa

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
How much money would a person need to deposit today at 9% annual interest compounded monthly to have 12000. in the account after 6 Years?
January 7, 2015 by Gail

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

finance
14. Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously. Which account provides the ...
December 30, 2011 by Vaness

math
At a simple annual interest rate of 4.5%, how many years will it take Sam to earn $135 interest on an original deposit of $1,000?
January 28, 2011 by john

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
A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $11000 dollars. How much did he invest at each rate?
August 20, 2012 by NotGonnaSay

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

Algebra HELP!
If a sum of money is deposited in a savings account that is paying x percent annual interest (expressed as a decimal), then this sum of money increased by a factor of (1+x)^3 after 3 years. A. multiply this expression B. Evaluate the polynomial expression found in part (A) for...
June 11, 2012 by Adriana

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

Retirement
1. I would like to retire in 42 years at the age of 65. The average retirement age for women is between 60-62 years of age, and 62-64 for men. 2. My annual amount of money I'll need after retiring would be approxiamately $26,500 (2,205*12=$26,460) using my cost today. Expense ...
May 6, 2013 by Davoni

Business 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? Using the scenario from the previous question, determine the maturity date of the loan.
September 18, 2013 by Anonymous

Business 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? Using the scenario from the previous question, determine the maturity date of the loan.
September 18, 2013 by Anonymous

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

math
Earl Watkins is ready to retire and has saved up $250,000 for that purpose. He places all of this money into an account which will pay him annual payments for 20 years. How large will these annual payments be if the account earns 17% compounded annually?
December 3, 2013 by Lynda

math
Earl Watkins is ready to retire and has saved up $250,000 for that purpose. He places all of this money into an account which will pay him annual payments for 20 years. How large will these annual payments be if the account earns 17% compounded annually?
December 4, 2013 by dreamkatcher76

math
Earl Watkins is ready to retired and has saved up $250,000 for that purpose. He places all of this money into an account which will pay him annual payments for 20 years. How large will these annual payments be if the account earns 17% compounded annually?
April 22, 2014 by Mai

Math
Earl Watkins is ready to retire and has saved up $250,000 for that purpose. He places all of this money into an account which will pay him annual payments for 20 years. How large will these annual payments be if the account earns 17% compounded annually?
April 23, 2014 by Mai

Math
An investor must invest a total of $15,000 in two accounts, one paying 4% annual interest, and the other 3%. If he wants to earn $550 annual interest, how much should he invest at each rate?
February 24, 2014 by Mila

math
If Mark invests $8000 at 6% simple interest rate, how much money must he invest at an 8% simple interest rate in order for the interest on each investment to be $500. Assume that the amount of time for both investments is the same.
January 23, 2013 by devin

math
austin invests 4500 with a bank at 5 1/4%simple interest. how much does he earn after a year. would the answer be 4500*.0525*1=236.25
April 10, 2010 by jennifer

Algebra
An account with $300 in it has been earning 3% annual interest compounded continuously for 10 years with no deposits or withdrawals in that time. How much was in the account 4 years ago.
August 2, 2012 by Heather

college math
An initial investment of $1000 is appreciated for 4 years in an account that earns 6% interest, 2) compounded semiannually. Find the amount of money in the account at the end of the period.
March 31, 2013 by lisa

fnite math
Juan invested $24,000 in a mutual fund 5 years ago. Today his investment is worth $34,616. Find the effective annual rate of return on his investment over the 5-year period.
July 28, 2013 by Brian

Finite Math
Juan invested $24,000 in a mutual fund 5 years ago. Today his investment is worth $34,616. Find the effective annual rate of return on his investment over the 5-year period.
January 6, 2015 by Shakina

arithmetic
An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. Approximately how much interest is earned on the investment?
March 21, 2014 by tiffany roberts

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

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

math
A professor wants to supplement her pension with investment interest. If she invests $26,000 at 4% interest, how much more would she have to invest at 8% to achieve a goal of $2,400 per year in supplemental income?
September 18, 2011 by N/A

math
A professor wants to supplement her pension with investment interest. If she invests $34,000 at 5% interest, how much more would she have to invest at 6% to achieve a goal of $2,300 per year in supplemental income?
September 10, 2012 by sarhh

math
A professor wants to supplement her pension with investment interest. If she invests $26,000 at 7% interest, how much more would she have to invest at 9% to achieve a goal of $4,160 per year in supplemental income?
September 6, 2013 by lori

math
need help with "you have $15 in your bank account. you spend $11 on a hat. then you mow 3 lawns for $20 each and deposit the money into your bank account, write and solve an expression (using order of operations) to determine how much money is in your account." I keep getting...
January 5, 2012 by kb

math
Suppose you are managing an account in which you deposit Rs. 20,000 at the end of each year for 20 years. How much amount you have accumulated with the assumption that you earn 5% interest compounded annually.
December 7, 2013 by fatima

Math
Serena wanst to borrow $15 000 an pay it back in 10 years. Interest rates are so high, so the bank makes her 2 offers option 1 - borrow the money at 12%/a compounded quarterly for the full term option 2 -Borrow the money at 12%/a compunded quarterly for 5 years and then ...
January 10, 2012 by Annie

algebra
A total of $6200 is deposited into two simple interest accounts. On one account the annual simple interest rate is 2%, and on the second account the annual simple interest rate is 4%. The amount of interest earned for 1 year was $148. How much was invested in each account?
July 28, 2012 by Emmett

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