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February 28, 2017

Search: money in an account earns interest at a continuous rate of 8 per year

Number of results: 51,025

Algebra word problem
please help me with the following: The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model a=3000e^0....
October 25, 2007 by Soph.

Finance
Find the finance charge in the open end charge account. Assume interest calculated is on the unpaid balance of the account Unpaid balance $611.80 Monthly interest rate 1.1%
February 21, 2013 by Kate

Math Compound Interest
If $500 is invested at an interest rate of 4.5% per year, find the amount of the investment at the end of 11 years for the following compounding methods. (Round your answers to the nearest cent.) Find a, Anually Find b, SemiAnually Find c, Quarterly Find d, Continuosly
October 29, 2016 by NHick

math
Problem #1: Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year 1 Year 2 Problem #2: Find the total amount if you deposit $300 at a rate of 6% for three years using simple interest. Year 1 Year 2 Year 3 Problem #3: Find the total...
April 12, 2013 by Boobear

Finance
I have been promised a $25,000 car when i graduate in four years. If money earns 7% interest, what is my promise worth now?
February 1, 2011 by Finance

Finance
I have been promised a $25,000 car when i graduate in four years. If money earns 7% interest, what is my promise worth now?
February 1, 2011 by Finance

english
. A sinking fund is the accumulated amount to be realized at some future date (the end of the term) when a fixed number of periodic payments are paid into an account earning interest at the rate of i per period
August 3, 2015 by lashay

math
A principal of $5000 was invested in a savings account for 4 years. If the interest earned for the period was $400, what was the interest rate? We will be happy to critique your work or thinking.
May 7, 2007 by veronica

MATH
Ben Garrison invested $15,000 at 5% compounded daily in a credit union account that matures in 1 year. He also invested 20000 at 5.25% compounded monthly in a Silver Screen account that matures in 4 years. (a) What is the interest earned at maturity for both accounts? (b) What...
February 12, 2016 by Beth

MATH HELP
Ben Garrison invested $15,000 at 5% compounded daily in a credit union account that matures in 1 year. He also invested 20000 at 5.25% compounded monthly in a Silver Screen account that matures in 4 years. (a) What is the interest earned at maturity for both accounts? (b) What...
February 16, 2016 by Sammy

MATH MATH MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by KIM

calculus
Suppose that the sales at Borders bookstores went from 70 million dollars in 1989 to 415 million dollars in 1993. What is the continuous percent growth rate, per year, of sales?
January 17, 2011 by Alyssa

accounting
On July 1, 2010, Brower Industries Inc. issued $8,900,000 of 9-year, 10% bonds at an effective interest rate of 12%, receiving cash of $7,936,343. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. ...
April 25, 2011 by Kieran McCamment

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

Pre Calculas
If you deposit $5,000 in an account that pays 5% interest compounded annually, how much money will you have in your account at the end of 15 years? Write an exponential function that represents this situation. I got 1,500,000 but im not sure if i did it right and im stuck
November 25, 2015 by Ryan

Intermediate Algebra
A bank loaned out 15,000part of it at a rate of 6% per year and the rest at 14%per year. If the interest received in one year totaled 1500, how much was loaned at 6%? 0.6x +14(15,000-x)=1500 0.6+2100-14=1500 1x=1500-2100 x=600 x=600/1 x=600 loaned @6% 15,000-600=14,400 loaned...
November 14, 2014 by Anonymous1234

Algebra 1
you have $50 in your bank account and you deposit $20 per week. Write an equation for the total amount of money you have in your account after x weeks.
September 7, 2016 by Emily

Math / Finance
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account will pay 4%. When you retire, you will ...
September 20, 2015 by Caroline

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

Math
Which of the following statements describe an exponential relationship? A. the temperature is increasing at the rate of 3 degrees per hour. B. the number of bacteria is increaing at the rate of 30% per minute C. The number of cars in the parking lot is decreasing at the rate ...
December 3, 2009 by Taylor

easy geometry
Can you please show you solution and final answer here. Thanks! 1.Find the altitude,perimeter and area of an isosceles trapezoid whose sides have lengths 10 cm, 20 cm, 10 cm and 30 cm. 2. The formula A=P(a+r)^2 is used to find the amount of money A in an account after P pesos ...
December 14, 2014 by cyrus

bookkeeping
bought 1053 brackets for .46 each bought 945 bushings at .35 each bought 1130 washers at .001each what amount should be entered in the accounts payable column of the purchase invoice register my answer is 518.59 january 1st $100,000 note due in 9months at 9%interest rate march...
April 4, 2012 by susue

Math.
For question 1-4 for the interest. All rates are annual interest rates. 1) principal, $400 rate, 5% time, 1 year. a. $10 b. $20 c. $40 d. $200 2) principal, $1,000 rate, 8.5% time, 3 years a. $255 b. $170 c. $22.5 d. $17 3) principal, $200 rate, 9% time, 1/2 year a. $9 b. $18 ...
April 9, 2015 by Sydney HELP! Need help ASAP!

fin 200 question
Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and ...
July 14, 2009 by meshelle

Math
Suppose your parents deposited $1500 in an account paying 3.5% interest compunded annually(once a year) when you ere born. Find the account balance after 18 years. So how do you plug all this information into this formula: B=p(1+r)^x?
April 15, 2009 by Angie

Math
Suppose your parents deposited $1500 in an account paying 3.5% interest compunded annually(once a year) when you ere born. Find the account balance after 18 years. So how do you plug all this information into this formula: B=p(1+r)^x?
April 15, 2009 by Angie

math
I need help calculating (a) the total installment price. (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item below for its cash price (remember to round up). A bike with a cash price of $500, offered on the ...
January 26, 2010 by Carly

Algebra
Maybe that was to confusing...we have a data sheet to fill out - 2 questions with simple interest and 2 with compound interest. I just need the simple interest help: Prob. #1 Find the total amount if you deposit $500. at a rate of 5% for two years using simple interest. Year 1...
February 25, 2013 by Cassie

accounting
Determine the amount of interest expense that should be recorded in a year end adjusting entry under each of the following independent assumptions Interest rate 12%, Fiscal Year End December 31
August 22, 2012 by Carmen

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

Finance math
A bank pays 10% compounded annually on its three-year fixed deposit account. At the end of the three years, a 3% bonus on the final amount will be paid. find the effective interest rate that will be earned on this scheme
August 5, 2016 by Ali

math 142
1,000 are deposited into an account quarterly  for eight years at an interest rate of 7.87.8​% compounded quarterly. How much is in the account at the end of the 88 ​years? 
October 31, 2016 by rudy

Math
Suppose that $2500 is invested at an interest rate of 2.5% per year, compounded continuously. After how many years will the initial investment be doubled?
June 9, 2010 by Travis

math
An amount of $5000 is invested at an interest rate of 7% per year, compounded quarterly. Find the value A(t) of the investment after t years.
December 2, 2010 by Iyeisha

Precalculus Math
If $2500 is invested at an interest rate of 2.5% per year, compouded daily, find the value of the inevestment after 2 years
September 27, 2012 by Olive

math
How long it will take for an investment of 1000 dollars to double in value if the interest rate is 9.5 percent per year, compounded continuously?
November 18, 2012 by tailor

Math
How long it will take for an investment of 2000 dollars to double in value if the interest rate is 9.5 percent per year, compounded continuously?
November 19, 2012 by Emily

College Algebra
Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly, for 5 years.
February 20, 2014 by Lexie

8th grade Math
Megan has at most $1500 to invest. She plans to invest some of the money in a long-term CD at 6% and some of it in a short-term CD at 3%. She wants to earn at least $75 in interest per year. Write a system of inequlites to represent the situation, and use it to find all of the...
January 25, 2009 by Carleigh

economics
US demands fewer Japanese goods what will happen to t he demand for money and the supply for money and the interest rate and why?
April 11, 2009 by adam

math
could someone help me revise these Inequalities problems? my answers are under the question... For questions, #3 #4 and #5 my teacher said "equals as well?" For question #8 my teacher said "where's the inequality sign?" 3. Joe expects to spend at least $8500 on a used car, but...
October 1, 2015 by Abby

Math
The values of outstanding bonds change whenever the going rate of interest changes. In general, short-term interest rates are more volatile than long-term interest rates. Therefore, short-term bond prices are more sensitive to interest rate changes than are long-term bond ...
November 13, 2009 by Casey

math
Write a function that represents the situation. Find the balance A in the account after the given time period t . $2000 deposit that earns 5% annual interest compounded quarterly; 5 years
February 16, 2017 by Macey

Marcoeconomics
According to the formula, Bond price= y/r so bond price has a inverse relationship with interest rate.i.e. interest rate increases, bond price decreases. But why does it contradict with this demand-supply anysis: r(interest rate increases)--> returns from buying bonds ...
February 15, 2009 by David

accounting
uconn has issued a 10 year $5,000,000 bond with semi annual interest payment with a contract rate of interest of 8%..determine the following you: how much will uconn have to pay to retire the bonds after it pays off the final interest payment at the end of the 10th year?
December 14, 2009 by BillReynolds

finance
uconn has issued a 10 year $5,000,000 bond with semi annual interest payment with a contract rate of interest of 8%..determine the following how much will uconn have to pay to retire the bonds after it pays off the final interest payment at the end of the 10th year?
December 14, 2009 by BillReynolds

math
June made an initial deposit of $5000 in an account for her son. Assuming an interest rate of 7% compounded quarterly, how much will the account be worth in 11 years? Round to the nearest cent. Can someone help me with this problem?
July 24, 2009 by Aleah

Finance
4.A thirty year US treasury bond has a 4.0 percent interest rate.In contrast, a ten year Treasury bond has an interest rate of 2.5 percent. A maturity risk premium is estimated to be 0.2 percentage points for the longer maturity bond. Investors expect inflation to average 1.5 ...
May 6, 2013 by Janaki

Math
What would the rate of return be on an Individual Retirement Account with a contribution of $2000.00, at 4% Interest rate, for 5 years?
May 29, 2012 by Allie

accounting
On each December 31, you plan to transfer $2,000 from your checking account into a savings account.The savings account will earn 9 percent annual interest, which will be added to the savings account balance at each year-end. The first deposit will be made December 31, 2010 ...
February 28, 2013 by PORTLAND STATE

buissness math
Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: $1,604 Rate: 10% compound Length of period: month $3208.00 $1764.40 $1630.85 3. Ray Sugar's account Principal: $1,700 Rate: 9.5% compound Length of ...
October 26, 2011 by morgan

math
1.A principal of $5000 was invested in a savings account for 4 years. If the interest earned for the period was $400, what was the interest rate? 2.¨C3(10x ¨C 3) + 10(3x ¨C 3) = x ¨C 7 3.Solve and graph the solution set.
February 2, 2007 by stacy

math
how much would adam have to deposit in a saving account to earn 100 dollars in interest over 4 years at 5% simple annual interest rate.
April 3, 2013 by jay

Algebra
Jane agrees to buy a car for a down payment of $4000 and payments of $260 per month for 9 years. If the interest rate is 9% per year, compounded monthly, what is the actual purchase price of her car? (Round your answer to the nearest cent.)
August 10, 2015 by Melany

math
jenny invests $250 at a rate of 8% and earns $40.how long did she leave her money invested?
January 25, 2009 by briana

Finite Math
A sinking fund is the accumulated amount to be realized at some future date (the end of the term) when a fixed number of periodic payments are paid into an account earning interest at the rate of i per period.
July 24, 2013 by Greg

Finance
Consider the following scenario: John buys a house for $150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%. He makes annual payments rather than monthly payments. Unfortunately for John, interest rates go up by 1% for each of the five years ...
October 22, 2010 by sweet

Finance
Consider the following scenario: John buys a house for $150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%. He makes annual payments rather than monthly payments. Unfortunately for John, interest rates go up by 1% for each of the five years ...
October 23, 2010 by sweet

business math
if I deposited $625 in a retirement account per month and it had a return of 3.84% a year compounded monthly. How much will I have in my account in 15 years?
June 24, 2013 by sharon

math
jessica depoists 3000 in the bank. her money doubles in 12 years. how much was her intrest rate per year(assume annual compounding)
June 2, 2016 by Zack

value of money
At what annual nominal rate of interest will $6,900 earn $6,400 interest in five years?
July 8, 2011 by nmh

loans
What are some examples of inexpensive loans and some advantages and disadvantages? There is no disadvantage to taking out a loan with an interest rate that is less than you could get in an insured savings account. You can reinvest the money and end up with "free" cash flow. ...
March 20, 2007 by Camille

maths
A small business predicts sales according to a straight line method. if sales were$110000 in the first year and $2000000 in the fourth year find the rate of growth in sales per year .......text book answer is $30,000 per year
December 23, 2016 by sultana

Math
After completing her residency, an obstetrician plans to invest $12,000 per year at the end of each year in a low-risk retirement account. She expects to earn an average of 6% for 35 years. What will her retirement account be worth at the end of these 35 years?
July 31, 2013 by Tammy smith

Math
After completing her residency, an obstetrician plans to invest $12,000 per year at the end of each year in a low-risk retirement account. She expects to earn an average of 6% for 35 years. What will her retirement account be worth at the end of these 35 years?
July 31, 2013 by April

Consumer math !!!! please check
Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: $1,604 Rate: 10% compound Length of period: month >$3208.00 $1764.40 $1630.85 3. Ray Sugar's account Principal: $1,700 Rate: 9.5% compound Length ...
May 24, 2012 by Tomi

algebra2
MS TAn bought a bmw for 62,000. The price of a bmw depreciates at the rate of 12% per year. How much will the saving account have after 30 years
November 19, 2014 by dd

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

economics
Suppose that you buy a bond for $100 that pays 4 percent interest per year. How much money will you have earned when the bond reaches maturity in five years?
December 10, 2007 by anonymous

Calculous Pre
A population grows from 11,000 to 15,000 in three years. Enter your answers to three decimal places. Assuming the growth is exponential, find the growth rate and continuous growth rate Growth rate ______ %? Continuous rate _________ %?
October 3, 2014 by Serena

algebra
For a given interest​ rate, simple interest varies jointly as the principal and time. If ​$2000 left in an account for 6 years earned interest of ​$960, then how much interest would be earned in 7 ​years?
August 22, 2016 by leinani

Principles of Finance
.A thirty year US treasury bond has a 4.0 percent interest rate.In contrast, a ten year Treasury bond has an interest rate of 2.5 percent. A maturity risk premium is estimated to be 0.2 percentage points for the longer maturity bond. Investors expect inflation to average 1.5 ...
November 12, 2013 by Sandy

Finance
Say that you purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. Assume you get a 15-year mortgage with a 6 percent interest rate. If the house appreciates at a 2 percent rate per year, what will be the value of the house in ...
October 13, 2014 by Dashawn

engineering economic
Ahmad is considering investing RM2000 to Ali's project at an interest rate 6% compound annually for 5 years or investing RM2000 to Rosli at 7% per year simple interest for 5 years. From your point of view which option is better and state your reason
December 18, 2012 by anne

finance
Company sales and profits grow at a rate of 30% per year; at the end of 4 years (t4) the growth rate drops to steady 5%. Company recently paid a dividend of $1 per share, and the required return is 20%. What is the value of one share today (t0)? assuming dividends grow at same...
December 29, 2011 by todd

algebra
An investment of $4600 is made at an annual simple interest rate of 6.8%. How much additional money must be invested at an annual simple interest rate of 9% so that the total interest earned is 8% of the total investment?
September 15, 2014 by tor

THEORY OF INTEREST
Suppose that a money market fund pays a nominal rate of interest of 8.7 percent convertible monthly. What is the equivalent nominal rate convertible quarterly?
September 30, 2014 by ALBERT

value of money
You want to have $1,000,000 in your bank account when you turn 65 years old. Today is your 20th birthday. As a birthday present you received $27,000 and you want to invest this amount. At what annual interest rate must you achieve to realize this goal?
July 8, 2011 by nmh

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
Need help setting up the problem: If you deposited $800 into a savings account with an interest rate of 3.8%, what will be your balance at the end of 1 year. I was thinking the overall answer is 830.40 but you are supposed to use a percent equation and a proportion equation. I...
May 12, 2013 by Brandi

Math
SIMPLE INTEREST kelsie has an $800 savings bond which she has had for 2 1/2 years. The bond pays simple interest at the rate of 3.8% per year. If kelsie cashes the bond, what amount will she receive?
October 25, 2011 by Name

Math
In 3 years, an investment earns $108 simple interest at a rate of 3%. Find the principle. Thank You.
August 30, 2016 by Steve

math
A) If the AEI increases by 3.0% a year and the RPI increases by 11.0% in the same year, then real earnings have gone down by 8% B) A new baby's parents are given £400 to invest for the baby, to be left untouched until she is 18 years old, in an account which has a guaranteed ...
May 16, 2007 by claudia

bond valuation
Bond valuation The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bondf L has a maturity of 15 years, and Bond S a maturity of 1 year. a. What will the value of each of these bonds when the going rate of interest ...
February 25, 2007 by Gayla D

bond valuation
Bond valuation The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bondf L has a maturity of 15 years, and Bond S a maturity of 1 year. a. What will the value of each of these bonds when the going rate of interest ...
February 25, 2007 by Gayla D

Finance
You are currently investing your money in a bank account which has a nominal annual rate of 8 percent, compounded annually. If you invest $2,000 today, how many years will it take for your account to grow to $10,000?
December 12, 2010 by Anonymous

finance
what is the present value of a perpetuity of $2500 per year given an interest rate of 8.25% p.a? (assume the first cash is four years from today)
October 23, 2009 by London

Math
Find the compound interest on rs 64,000 for 1 year at the rate of 10% per anum compounded quarterly. Could you please do it fast I need to give it tomorrow.
December 10, 2016 by Sana

math
The terms of a single parent's will indicate that a child will receive an ordinary annuity of $20,000 per year from age 18 to age 24 (so the child can attend college) and that the balance of the estate goes to a niece. If the parent dies on the child's 17th birthday, how much ...
April 30, 2011 by stuck on this one ?

finance
One year ago, Auto Land issued 10-year bonds at par. The bonds have a coupon rate of 6.5 percent and pay interest annually. Today, the market rate of interest on these bonds is 6.25 percent. How does today's price of this bond compare to the issue price
May 15, 2010 by Anonymous

math 3
A customer sent in a $230 check to pay off an overdue bill but failed to pay the interest that accrued over the 45 days after the posted due date. The original balance owed was $230, and the account accrues interest at $0.42 per day. What amount of money should the customer ...
September 30, 2014 by annie

Calculus
A 0.3 ml dose of a drug is injected into a patient steadily for 0.35 seconds. At the end of this time, the quantity, Q, of the drug in the body starts to decay exponentially at a continuous rate of 0.4 percent per second. Using formulas, express Q as a continuous function of ...
January 20, 2011 by Brittany

algebra
At what interest rate would a deposit of $45,000 grow to $110,682 in 30 years with continuous 38) compounding?
March 18, 2012 by Sarah

algebra Word problem
what interest rate is required for an investment subject to continuous compounding to triple in 15 years? A= Pe^rt ?
April 11, 2014 by Kira

MATH
Im Struggling with this assignment here. Would like help ASAP. Consider following situation.. You are going to buy this laptop at $1294.00 plus HST. You can also pay $50 a month for 30 months with down payment of $100. Compare following 3 scenarios using spreadsheets to ...
April 6, 2011 by Anonymous

Financial management
If you deposit money today into an account that pays 6.5 percent interest, how long will it take for you to double your money? You can get a pretty good estimate by using the Rule of 72. Divvied 72 by 6.5 to obtain your answer. The formula depends on when the interest is ...
July 3, 2007 by T

Economic
1. Keogh and IRA plans allow people to do all of the following except A.save money each year for retirement. B.withdraw money from their accounts at the end of every year without penalty. C.establish their own pension plans. D.defer taxation of the interest they earn on their ...
March 25, 2010 by candance

algebra
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 nt n r P A „Ê„Ë „É „º„» „¹ ƒ­ 1ƒy A is the amount of the return. P is the principal amount initially deposited. r...
February 2, 2012 by Ruth

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

calculus
Assume the initial investment was $6600 and the annual interest rate to be compounded continuously is 5%. Assume also that the target amount is $7900. If you want the account to contain the target amount given above after 9 years, what yearly interest rate is needed?
September 14, 2010 by nik

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