Sunday

February 7, 2016
Number of results: 45,685

**Math**

Kent invested $5,000 in a retirement plan.He allocated X dollars of the money to a bond account that earns 4% interest per year and the rest to a traditional account that earn 5% interest per year. 1.Write an expression that represents the amount of money invested in the ...
*May 11, 2010 by Shadow*

**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 ---*

**Washington high**

Stacy has a total of $6000 in two accounts.the amount of interest she earns from both accounts in the first year is $500.if one of the accounts earns 8% interest per year and the other earns 9% interest per year, how much did she invest in each account?
*September 30, 2015 by anju*

**algebra 1**

MArta has $6000 to invest. She puts x dollars of this money into a savings account that earns 2% interest per year. With the rest, she buys a certificate of deposit that earns 4% per year. i need 2 different equations. [using a=prt and/or a=p(1+r/n)^nt]
*February 27, 2008 by Trixie*

**algebra..urgent!!!!**

MArta has $6000 to invest. She puts x dollars of this money into a savings account that earns 2% interest per year. With the rest, she buys a certificate of deposit that earns 4% per year. i need 2 different equations. [using a=prt and/or a=p(1+r/n)^nt]
*February 27, 2008 by trixie*

**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*

**6 grade algebra**

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

**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*

**Last math problem help**

Mr. Jarvis invested a total of 10,437 in two savings accounts. One account earns 8% simple interest per year and the other earns 9% simple interest per year. Last year the two investments earned a total of $849.52 in interest. Write a syste of equations to use to determine ...
*February 17, 2014 by Taylor*

**Maths (Investments)**

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

**Maths Investments**

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

**math**

A mother wants to invest $9,000.00 for her son’s 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 models**

Tanisha wants to have $1000 in her bank account in 5 years. How much money should she deposit if her account earns 6% interest which is compounded 2 times per year?
*December 12, 2011 by jazmin*

**math **

a mother wants to $9000 for her son's future education. She invested a portion of the money in a bank certificate(CD account) which earns 4% and the reminder in a savings bond that earns 7%. If the total interest earned after one year is $540, how much money was invested in ...
*September 3, 2012 by KaRon*

**Calculus**

Suppose that the machinery in question costs $104000 and earns profit at a continuous rate of $69000 per year. Use an interest rate of 9% per year, compounded continuously. When is the present value of the profit equal to the cost of the machinery? Round your answer to the ...
*December 1, 2010 by Erika*

**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**

you deposit $ 900 in a savings account that earns 4%interest coumpounded once a year and has no service charges. you donot make any deposits or withdrawals to the account for two years. at the end of two years, after the second year's interest has been added to the account by ...
*October 28, 2008 by isabel*

**Math**

Deana invests some money that earns interest compounded annually. At the end of the first year, she earns $400 in interest. At the end of the second year, she earns $432 in interest. a) what interest rate, compounded annually, is deana earning? b) how much did she invest?
*May 13, 2014 by Victoria*

**math**

Each year, Cathy invests $1,200 in her account. The account pays an interest rate of 6.3%. The formula to calculate the balance in her account is B =A(1+ r)n+1- A, where r A is the amount invested per year, r is the interest rate, and n is the number of years investing
*June 8, 2011 by michelle*

**math**

Investor A deposits 1,000 into an account that earns an interest rate of 6% per annum compounded semi-annually. On the same date, Investor B deposits 800 into an account that earns an interest rate of 8% per annum compounded monthly. After how many years does Investor B’s ...
*August 4, 2014 by Anonymous*

**Finance**

Kim has money in a savings account that earns an annual interest rate of 4.1%, compounded monthly. What is the effective rate of interest on Kim's account? Round to the nearest hundredth of a percent.
*April 2, 2014 by Lynn*

**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**

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

**math**

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*

**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**

henrietta deposits $3500 to start a new bank account. it earns a simple interest rate of 6.5% per year. henrietta makes no more to deposits to the account. how much interest will henrietta have earned after three years?
*August 26, 2015 by tomeisha*

**Math**

ben deposits $320 in an account that earns 3.5% simple interest per year. what is the balance in the account year?
*September 19, 2013 by Katie*

**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*

**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...
*August 23, 2015 by naomi*

**Washington high**

A women has a total of $9000 to invest. She invests part of money in an account that pays 8% per year and rest in account that pays9% per year, if the interest earned in the first year is$750, how much did she invest in each account
*September 30, 2015 by anju*

**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 II**

i just placed $1500 in an account which earns 8% per year compunded quartely. how much money will be in the account in 20 years? how long will it tke for this account ot have $7000 in it?
*March 18, 2013 by Anonymous*

**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*

**math**

or this one tracey has 4,300 in his savings account. the money in the account earns 4.6% intrest each year assuming he makes no deposits, how much money will he have in his account atthe end of the year? i dont know how to figure that
*November 30, 2009 by Chris00*

**Calculus**

The machine earns the company revenue at a continuous rate of 62000 t + 38000 dollars per year during the first six months of operation, and at the continuous rate of $69000 per year after the first six months. The cost of the machine is $170000. The interest rate is 5% per ...
*November 30, 2010 by Will*

**algebra**

A total of $15,000 is invested into two accounts. One of the accounts earns 12% per year and the other earns 10% per year. If the total interest earned in the first year is $1600, how much is invested in each account? 1.) Define the variable(s) and what they stand for. 2.) Set...
*January 18, 2013 by liz*

**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 $9000 to invest. She invests part of the money in an account that pays 7% per year and the rest in an account that pays 8% per year. If the interest earned in the first year is $664, how much did she invest in each account?
*January 27, 2010 by Amanda*

**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 *

**Math **

When Frederick was born, his grandparents gave hima a gift of $2000, which was invested at a simple interest rate of 5% per year. How much money will Frederick have when he can collect the monet at the age of 18? ( Assume no money is added to the account besides the interest.)
*November 20, 2014 by Trish Goal*

**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*

**Calculus**

using the following information in place of that in the book. The machine earns the company revenue at a continuous rate of 50000 t + 35000 dollars per year during the first six months of operation, and at the continuous rate of $60000 per year after the first six months. The ...
*December 1, 2010 by Erika*

**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*

**Algebra II**

An investment service promises to triple your money in 12 years. Assuming continuous compounding of interest, what rate of interest is needed? For the question is it asking me if simple interest or continuously compounded interest is needed? Or Is it asking for a number in the...
*May 25, 2010 by Anonymous*

**Math**

Travis has a total of $6,000 invested in two accounts. The total amount of interest he earns from the accounts in the first year is $420. If one account pays 6% per year and the other pays 9% per year, how much did he invest in each account?
*September 30, 2014 by Gabriel *

**Math**

Please check my work, thank you If $7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years? A=$8,268.00 Rewrite the statement, using percent notation. Out of every 100 eligible people...
*April 6, 2008 by Terry B*

**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*

**algebra**

Hassan deposited $7,500 into a bank account. At the end of 3 years, the account had earned $900 in simple interest. What rate of interest did the account earn per year?
*January 18, 2011 by joe blow*

**Maths B**

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

**math**

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*

**Algebra**

Last year, Deon had $10,000 to invest. He invested some of it in an account that paid 6%simple interest per year, and he invested the rest in an account that paid 9% simple interest per year. After one year, he received a total of $810 in interest. How much did he invest in ...
*December 4, 2015 by Gianna*

**damon i need your help again**

Julie deposited $300 into a simple interest savings account that earns 1.34%. If no money is added or withdrawn from the account, about how long will it take for the interest to equal the deposited amount? A. 8 months B. 1 year C. 7 years D. 75 years
*January 14, 2016 by jhon *

**finance**

You deposit 172 dollars in an account every year for 9 years that earns 9 percent annual interest. How much money is in your account 9 years from now?
*February 26, 2010 by Anonymous*

**calculus**

The proprietor of Carson Hardware Store has decided to set up a sinking fund for the purpose of purchasing a computer 2 yr from now. It is expected that the purchase will involve a sum of 40000 dollars. The fund grows at the rate of dA/dt= rA+P where A denotes the size of the ...
*April 25, 2012 by help please.*

**Pre-Algebra help PLZ!!**

Hassan deposited $7,500 into a bank account. At the end of 3 years, the account had earned $900 in simple interest. What rate of interest did the account earn per year?
*December 9, 2014 by DerpyPegasus33*

**statistics**

A U.S. government report stated that, “With bank interest rates around 1.0%, 8% of wage earners believe it worthwhile to keep money in a savings account. However, at 3.0% interest, 36% of wage earners believe it worthwhile to keep money in a savings account. The margin of ...
*April 10, 2015 by phia*

**pre algerbra**

an investment earns 7.5% interest in one year. if the money is withdrawn before th year is up, the interest is protrated so that a proportional amount of the interest is paid out. if $1960 is invested, what is the total amount that can be withdrawn when the account is closed ...
*April 20, 2011 by heydog*

**Calculus**

A machine earns the company revenue at a continuous rate of 62000 t + 43000 dollars per year during the first six months of operation, and at the continuous rate of $74000 per year after the first six months. The cost of the machine is $155000. The interest rate is 5.5% per ...
*April 15, 2008 by Jackie*

**math **

Rochelle deposits $350 in an account that earns 6% annual interest, compounded quarterly. How much money will be in the account in 8 years? 350(1.06)^32 =2258.685339 Can anyone check what I'm doing is correct or not? Janet deposits %150 every month in an account that earns 6% ...
*February 5, 2016 by Y*

**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**

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**

Inflation is running 2% per year when you deposit $1000 in an account earning interest of 13% per year compounded annually. In constant dollars, how much money will you have two years from now? (Hint: First calculate the value of your account in two years' time, and then find ...
*November 13, 2010 by liz c *

**Math 0098**

Last year, Deon had $20,000 to invest. He invested some of it in an account that paid 6% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year. After one year, he received a total of $1880 in interest. How much did he invest ...
*February 22, 2013 by Jazz*

**Math**

Samuel earns 0.2% interest each year on his savings account. If he has $3500 in his savings account for a year, how much interest will he have at the end of the year?
*May 6, 2014 by Annadona*

**algebra**

Last year, Susan had 30,000 to invest. She invested some of it in an account that paid 8% simple interest per year, and she invested the rest in an account that paid 7% simple interest per year. After one year, she received a total of $2150 in interest. How much did she invest...
*March 31, 2012 by Hailey*

**Finance**

Assume that you are 23 years old and that you place $3,000 year-end deposits each year into a stock index fund that earns an average of 9% per year for the next 17 years. 1. How much money will be in the account at the end of 17 years? 2. How much in account 15 years later at ...
*January 21, 2014 by Anthony*

**Math 0098**

Last year, Joe had to invest. He invested some of it in an account that paid simple interest per year, and he invested the rest in an account that paid simple interest per year. After one year, he received a total of in interest. How much did he invest in each account?
*February 22, 2013 by Jazz*

**finance**

Mrs. Kay who is 24 years old plans to retire at the age of 60. Mrs. Kay would like to be able to withdraw $120,000 per year from her retirement account for 40 years after retirement beginning a year after her retirement. She already has $15,000 in her retirement investment ...
*April 17, 2013 by julia*

**calculus**

The rate of change of an investment account earning continuous compound interest is given by dA/dt=kA where k is a positive constant. The initial account value was $2500. At the end of the third year, the account value was $4200. Find the particular solution to the ...
*March 13, 2013 by karen*

**calculus**

The rate of change of an investment account earning continuous compound interest is given by dA/dt=kA where k is a positive constant. The initial account value was $2500. At the end of the third year, the account value was $4200. Find the particular solution to the ...
*March 13, 2013 by fishfry*

**maths---integral **

the time index t runs from a to A. if an investment produced a continuous stream of income over 10 years at a rate of $20,000 per year and the interest rate is 6% per year continuously compounded. what is the present value? what is the integral function?
*October 19, 2010 by May*

**Maths---integral**

the time index t runs from a to A. if an investment produced a continuous stream of income over 10 years at a rate of $20,000 per year and the interest rate is 6% per year continuously compounded. what is the present value? what is the integral function?
*October 19, 2010 by May*

**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*

**Algebra**

I really need your help in solving this problem. I really appreciate your time and efforts. Here is the question: An amount of money invested for 1 year in a savings account will earn $ 1,500. The same amount of money invested in a mini-mall development will earn $6,500 ...
*November 2, 2014 by Jay*

**MATH**

Andrea wants to deposit money into a bank account that earns 2.5% simple interest. Use the formula to find the amount of money that she should deposit so that she earns $2500 after 4.5 years. Show and explain your work.
*September 6, 2015 by Ham*

**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**

Another bank offers a different savings rate. If an account with $400 earns interest of $6, how much interest is earned by an account with $1800?
*June 29, 2012 by Anonymous*

**value of money**

A deposit of $2,000 earns interest at a rate of 14% compounded quarterly. After two and a half years the interest rate changes to 13.5% compounded monthly. How much is in the account after six years?
*July 8, 2011 by nmh*

**Math**

Mary B deposits $8500 into a savings account, compounded monthly at a nominal interest rate of 9 percent, as part of a savings plan that she would like to undertake in 5 years. 1) What is the effective interest rate per annum? 2) How much money would she have saved after 5 ...
*April 30, 2011 by Randi*

**calculus**

Please help . confused here. The rate of change of an investment account earning continuous compound interest is given by dA/dt=kA where k is a positive constant. The initial account value was $2500. At the end of the third year, the account value was $4200. Find the ...
*March 11, 2013 by mikey2*

**math**

Mike's grandmother opened a savings account in Mike's name and deposited some money into the account. The account pays an annual simple interest rate of 11%. After 13 years, the interest earned on the account is $5720. How much money did Mike's grandmother deposit into the ...
*November 17, 2015 by jacquie*

**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*

**finance**

Anne is planning to attend college when she graduates from high school in 7 years from now. She anticipates that she will need $10,000 at the beginning of each college year to pay for tuition and fees, and have some spending money. Anne has made an arrangement with her father ...
*March 1, 2011 by sue*

**Simple Interest**

Last year, Ivan had $20,000 to invest. He invested some of it in an acount that paid 9% simple interest per year, and he invested the rest in an account that paid 7% simple interest per year. After one year, he received a total of $1780 in interest. How much did he invest into...
*December 10, 2015 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*

**math**

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

**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*

**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*

**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*

**math115**

Ms. Jefferson has been given a loan of $20,000 for 1 year. If the interest charged is $800, what is the interest rate on the loan?4% 2.A saleswoman is working on a 6% commission basis. If she wants to make $2,400 in one month, how much must she sell?$40,000 3.If $7,800 is ...
*October 3, 2009 by callie*

**algebra**

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

**algebra**

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*

**algebra**

suppose you invest a certain amount of money n an account that pays 11% interest annually, and 4000 more than that in an account that pays 12% annually, How much money do you have in each account id the total interest for a year is 940
*November 19, 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 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*