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February 12, 2016

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

Number of results: 45,809

math(compunded interest )
4. At the end of every year for 3 years, RM1000 will be invested in an account that offers 8% compounded annualy.Find the account amount at the end of the 3 years.
April 24, 2014 by fizz

Calc
How much money will we have in 6 months if we invest $1000 into an account earning 8% compounded continuously? How long will it take the $1000 to double? What is the effective rate for 8% compounded continuously that would produce the same accumulated amount after 1 year as 8...
July 15, 2012 by Rita

algebra
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? i know this is 1.5 % or at least I think it is but how do i write it out? Use the equation I=Prt, where I=interest earned, P=...
May 30, 2007 by confused

algebra
1. The formula V=lwh is used to find the volume of rectangular prisms. Which equation solves for w? a. w=V-l-h b. w=Vlh c. w=lh/V D. w=V/lh 2. Mr. Marsupial invested $8,000, part at 6% interest and the reamainder at 8% interest. At the end of the first year he received &600 i ...
March 18, 2012 by Yaya

MATh
JERRY invested $650 at a simple interest rate of 3.5% per year. How much will Jerry have in 8 years.
April 28, 2011 by christomes

finance
A thirty-year U.S. Treasury bond has a 4.0 percent interest rate. In contrast, a ten-year treasury bond has an interest rate of 3.7 percent. If inflation is expected to average 1.5 percentage points over both the next ten years and thirty years, determine the maturity risk ...
July 28, 2013 by Jon

math
Compound Interest Question 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 ...
April 28, 2013 by martha

Math question word
Milan bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 less than the desktop. He paid for the computers using two different finance plans. For the desktop the interest rate was 7% per year, and for the laptop it was 9.5% per year. ...
December 10, 2015 by Anonymous

math
. A deposit of 7,500 earns 3,900 over a period of 8 years. What is thw simple interest rate?
December 13, 2015 by mary

Math
At the end of each quarter, a 50-year-old woman puts $3000 in a retirement account that pays 5% interest compounded quarterly. When she reaches 60, she withdraws the entire amount and places it in a mutual fund that pays 6.9% interest compounded monthly. From then on she ...
November 7, 2010 by dana

Math
The Romascos hope to have $2,000 in 3 years for a down payment on a new pool. They invest $1,000 in an account that pays 8% interest at the end of each year. Will they have enough money at the end of 3 years to meet their goal of a down payment? What is the difference between ...
March 12, 2015 by Mac

Foundations Math 12
Forty eight weeks ago, Gabriella invested money at 3.9% interest, compounded weekly. Today, her investment is worth $225.50. How much interest has Gabriella's account earned in the past 48 weeks?
February 16, 2014 by Leah

Albebra
You want to buy a car but the price of $22000 is a bit steep. You are willing to put down $3000 and finance it over 5 years; however, you are restricted to no more than $325 per month. The interest rate is 6% per year. What is the price you can afford to pay for the car?
November 28, 2010 by sharone

math
A tractor bought for R120 000 depreciates to R11 090,41 after 12 years by using the reducing balance method. Calculate the rate of depreciation per annum if the rate was fixed over the 12 years, and calculate the effective interest rate if interest is 9,8% p.a., compounded ...
April 8, 2015 by mihlali

Math, ASAP Please
If you place $1,000.00 in a savings account with an interest rate of 5.25/month, how much should you earn in interest at the end of the month?
October 6, 2014 by Katt<3Bob\by

another problem for checking - algebra
P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(q + r/2)^2 represents the value of the investment after 1 year. Rewrite w/o parenthesis and eval if P= $200 and r = 10% P(1 + r/2)^2 200(1 + r/0.10/2)^...
September 17, 2007 by Nik

Math
Find the future value of an ordinary annuity that calls for depositing $100 at the end of every 6 months for 15 years into an account that earns 7% interest compounded semiannually. (Round your answer to the nearest cent.)
March 18, 2015 by Allyssa

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

math
At the beginning of the summer molly decided to add a little money into her sayings account every week. After seven weeks her account had $175. At the end of 15 weeks her account had $375. Assume that she put the same amount of money into her account every week and will ...
August 7, 2014 by Ashley

college algebra
A grandmother is looking for a plan to finance her new grandchildís college education. She has $25,000 to invest. Search the internet and locate a long-range investment plan, CD, Savings Bond, etc, for the grandmother. The plan is to earn compound interest. Calculate the ...
February 1, 2012 by shiedah

Finance
Your client has been given a trust fund valued at $1 million. She cannot access the money until she turns 68 years old, which is in 12 years. At that time, she can withdraw $30,000 per month. If the trust fund is invested at a 7 percent interest rate, how many months will it ...
October 13, 2014 by Dashawn

Math
you deposit $1000 at 3% per year.what is the balance at the end of one year,and what is the annual yield,if the interest.Please help solve the problem. Simple interest? Compounded annually? Compounded quarterly Compounded daily
April 14, 2011 by Mike

Math
you deposit $1000 at 3% per year.what is the balance at the end of one year,and what is the annual yield,if the interest.Please help solve the problem. Simple interest? Compounded annually? Compounded quarterly Compounded daily
April 14, 2011 by Mike

algebra
Andrew has a four-year college loan for $20,000. The lender charges a simple interest rate of 5 percent. How much interest will he have to pay? simple interest = P ◊ r ◊ t
March 4, 2013 by Anonymous

Finance
Sauerfood company has decided to buy a new computer system with an expected life of 3 yrs. the cost is 150,000.the comapny can borrow $150,000 for 3yrs at 10% annual interest or for one yr at 8% annual interest. How much wld sauer save in interest over the 3 yr life of the ...
November 8, 2010 by Nancy

math
The management of Gibraltar Brokerage Services anticipates a capital expenditure of $23,000 in 4 years for the purpose of purchasing new computers and has decided to set up a sinking fund to finance this purchase. If the fund earns interest at the rate of 11%/year compounded ...
December 9, 2013 by Victoria

Personal Finance
NEED HELP IMMEDIATELY, HAVE UNTIL 10P.M. CENTRAL TO HAVE ANSWERS?? 1.Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her masterís degree, she will earn $6,000 a year more for the next 40 years. a.What would be the total amount...
January 29, 2011 by Marie

algebra2 HELP PLEASE
If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? round to the nearest cent.
July 7, 2012 by 26kllt

Economics
The Fed conducts an open market purchase of securities. Explain the effects of this action in the short run and the long run on: a)The quantity of money b)The quantity of money demanded c)The nominal interest rate d)The real interest rate e)Real GDP f)The price level Take a ...
November 27, 2006 by Jayda

math
The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $100,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...
September 23, 2014 by Anonymous

math
The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $110,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...
November 3, 2014 by clare

precal
An IRA is a retirement account that you may withdraw starting at age 60. Financial advisors suggest that you only withdraw 5% a year. If you had $100,000 on that account, at what age would you run out of money?
October 15, 2015 by Anonymous

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 28, 2006 by Natalie

Pre-Algebra can you please help?!
Lester deposited $400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A $986.00 B $89.06 C $9.60 D $98.60
December 9, 2014 by DerpyPegasus33

economics
Samantha Roberts has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates a revenue of $200,000 per year. To purchase the pharmacy, ...
March 20, 2015 by Tim

economics
Samantha Roberts has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates a revenue of $200,000 per year. To purchase the pharmacy, ...
March 20, 2015 by Tim

economics
Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $28,000 a year and Family B earns $65,000 a year. ...
June 23, 2009 by Margary

Finite Math
The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $110,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new loan they expect to secure is to be amortized ...
November 3, 2014 by Clare

Math
Starting on her 21st birthday and continuing on every birthday up to and including her 65th, Jessie deposits $2,000 a year into an IRA. How much (to the nearest tenth) will be in the account on Jessie's 65th birthday if the account earns: A. 7% compounded annually? B. or 11% ...
April 21, 2014 by Anonymous

accounting
Would like to start a college fund. It was estimated that the cost for college to be 60,000 per year. How much should be deposit into the account each month for 18 years to accumulate a total of 240,000 @ 12% interest earned.
April 21, 2011 by Tammy

algebra ll HELP PLEASE
If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? Round your answer to the nearest cent.
July 6, 2012 by leo

intermediate algebra
need the equation for this problem. Mike invested $706 for one year. He invested part of it at 5% and the rest at 3% at the end of the year he earned $28.00 in interest. How much did mike invest at each rate of interest
January 19, 2012 by jackie

computer programming
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that you don't pay. So even...
December 18, 2013 by abiola olumide

Can you help me with this math problem? ASAP plz!
Lester deposited $400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. What was the total interest he earned in 3 years? A $986.00 B $89.06 C $9.60 D $98.60
December 9, 2014 by DerpyPegasus33

FINANCE
Answer both questions A).The treasurer of a German firm has Ä5 million to invest for three months. The annual interest rate in the Germany is 4 percent: the interest rate in the United Kingdom is 2 percent. The spot rate of exchange is Ä1.1/£ and the three-month forward rate ...
August 5, 2010 by RICKY

economics
Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits $3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it wonít change over time. At the time of her deposit, a movie ticket is ...
February 26, 2012 by nan

economics
Determine the sum of money that must be invested today at 9% interest compounded annually to give an investor annuity (annual income) payments of $5,000 per year for 10 years starting 5 years from now.
June 7, 2012 by sam

Finance
Mary and Joe would like to save up $10,000 by the end of three years from now to buy new furniture for their home. They currently have $1500 in a savings account set aside forthe furniture. They would like to make three equal year end deposits to this savings account to pay ...
April 27, 2010 by Unknown

math help plz!
DigiCom wants to drop the effective rate of interest on its credit card by 2%. If it currently charges a nominal rate of 8% compounded daily, at what value should it set the new nominal rate? Note: Please make sure your final answer(s) are in percentage form and are accurate ...
March 27, 2010 by Amy

Math
You want to have 1.5 million in real dollars in an account when you retire in 40 yeras. the nominal return on your investment is 11 percent and the inflation rate is 3.8 percent. What real amount must you deposit each year to achieve your goal? My answer is this correct: real ...
February 29, 2012 by Sally

Macroeconomics
suppose that this year's money supply is $500b, nominal gdp is $10trillion, and real gdp is $5trillion, what is the price level and velocity of money? and if velocity is constant and the economy's output rises by 5% per year, what will happen to nominal gdp and the price level...
April 11, 2010 by Liyyah

math
If $570 is invested in an account that earns 12.75%, copounded annually, what will the account balance be after 11 years?( round to the neearest cent)
March 12, 2012 by Anonymous

math
If $570 is invested in an account that earns 12.75%, copounded annually, what will the account balance be after 11 years?( round to the neearest cent)
March 12, 2012 by Anonymous

ALGEBRA
If $695 is invested in an account that earns 21.75%, compounded annually, what will the account balance be after 15 years? (Round your answer to the nearest c
May 18, 2012 by Monic

Algebra
Joanie takes a $6000 loan to pay for her car. The interest rate 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 interest ...
April 1, 2009 by Cassie

math
Find the accumulated amount A if the principal P = $3,000 is invested at the interest rate of r = 9% per year for t = 5 years, compounded annually. Please round your answer to the nearest cent.
October 14, 2012 by Anonymous

calculus
First, the bond pays 96 + 7 t per year for 10 years. Second, the interest rate is 5.25% compounded continuously. Round your answer to the nearest cent. Find the present value?
December 7, 2014 by Dat nguyen

ISBM
CASE STUDY : 2 The price P per unit at which a company can sell all that it produces is given by the function P(x) = 300 ó 4x. The cost function is c(x) = 500 + 28x where x is the number of units produced. Find x so that the profit is maximum. Question: 1) Find the value of x...
January 11, 2016 by Raja

finance
What is the relationship between an interest rate and a discount rate in time value of money calculations?
November 16, 2010 by Anonymous

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
calculate the interest on a five-year loan of $13,950 at a 5.8% rate of interest.
September 19, 2014 by Anonymous

math
What interest will you pay on a $900 loan for 1 year if the interest rate is 12%?
May 7, 2007 by veronica

math
What is the future, rounded to whole dollars, of $25,000 after 7 1/2 years, if money earns at an annual rate of 5.75% compounded continuosly?
November 1, 2011 by nan

math
What is the future, rounded to whole dollars, of $25,000 after 7 1/2 years, if money earns at an annual rate of 5.75% compounded continuosly?
November 2, 2011 by nan

math
What is the future, rounded to whole dollars, of $25,000 after 7 1/2 years, if money earns at an annual rate of 5.75% compounded continuosly?
November 2, 2011 by nan

ECON 405
As of July 26, 2011, the interest rate for a 20 year, A-rated Municipal bond was 5.0%. Assuming that your marginal tax rate is 25%, what would be the tax free equivalent rate on an A-rated, 20 year corporate bond?
September 10, 2011 by Pauline

algebra
Select the set of equations that represents the following situation: Mike invested $706 for one year. He invested part of it at 5% and the rest at 3%. At the end of the year he earned $28.00 in interest. How much did Mike invest at each rate of interest?
November 13, 2010 by running wild

Maths urgent
a sum of money is invested for 3 years at a certain rate of interest. had the rate of interest been 1% more, it would have fetched rs 18 more than before. find the sum invested?
November 3, 2015 by Rabinprakash Dahal

math
how much interest is earned on a principal of 600 invested at an interest rate of 16% for 1/4 of a year?
May 4, 2011 by Anonymous

Algebra
5670 compounded annually at a 3.5 interest rate once a year yields what in interest
April 25, 2014 by Tracy

math
if naomi wants to accumulate 1,000,000 by investing money every year into her savings account at 3% for 30 years until retirement,how much does she need to deposit each year
June 12, 2010 by darryl

economics
China is one of the few countries in the world to have a fixed exchange rate. In the past, it has experienced a huge increas in exports of goods. Use a "FOREX" diagram to show the effect of the increase in exports. In your answer you must explain the effect of the export surge...
June 9, 2007 by Gary.L

finance
3.The Lo Company earned $2.60 per share and paid a dividend of $1.30 per share in the year that just ended. Earning and dividend per share are expected to grow at a rate of 5% per year in the future. Determine the value of the stock:
February 16, 2014 by adrian

Finance
You decide to sell short 100 shares of Charlotte Farms when it is selling at its yearly high of $56. Your broker tells you that your margin requirement is 45% and that the commission on the purchase is $155. While you are short the stock, Charlotte pays a $2.50 per share ...
March 8, 2013 by Mwende

ALGEBRA
Find the ending balance in an account that opens with $3,180, earns 11.5% interest compounded monthly, and is held for 20 years. (Round your answer to the nearest cent.) B=p(12+r)^n B=3,180(12+0.95)^20 B=1,759.52 Is this correct if not, can someone help me with the steps.
November 23, 2011 by MONICA

macro
Suppose you were borrowing money to buy a car. Which of these situations would you prefer:The interest rate on your car loan is 20 percent and the inflation rate is 19 percent or the interest rate on your car loan is 5 percent and the inflation rate is 2 percent? explain
March 18, 2009 by evan

macroeconomics
Suppose you were borrowing money to buy a car. Which of these situations would you prefer:The interest rate on your car loan is 20 percent and the inflation rate is 19 percent or the interest rate on your car loan is 5 percent and the inflation rate is 2 percent? explain
March 18, 2009 by bill

math
An amount of $3000 was deposited in a bank at a rate of 2% annual interest compounded quarterly for 3yrs. The rate then increased to 3% annual interest and ws compounded quarterly for the next 3 yrs. If no money was withdrawn what was the balance at the end of this time?
April 17, 2011 by yenny

Economics
You are considering quitting work for two years to earn an MBA. Your current job pays $25,000 per year (after taxes), but you could earn $55,000 per year (after taxes) if you had a MBA at Southern University. Tuition is $10,000 per year and the cost of an apartment near campus...
November 6, 2011 by Kira

business
A company is considering a $250 million investment in land that it will hold for 25 years. The pretax net cash flows are $40 million per year and land prices are expected to rise at a rate of 7% per year. The opportunity cost of capital is 13%, inflation is 2% and tax rate is ...
February 4, 2007 by isabella

Finance
You account pays interest at 8 percent p.a. You deposit $35,945 in it today. You must have exactly $88,956 in the account at the end of two years. What should you do at the end of the first year to ensure this? Answer: $43,544.99 Can anyone show me the steps to solve this ...
October 12, 2014 by TaylorB

BUSINESS FINANCE
John Smith wants $80,000 per year in his retirement. He plans to be in retirement for 30 years. He has 25 years to work. Assume an interest rate of 7% for the next 55 years. How much does he need to deposit at the end each year while he is working in order to have saved enough...
March 22, 2010 by Ashley

Finance
A mortgage broker is offering a $225,000 30-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 2.5 percent APR interest rate. After the second year, the mortgage interest rate charged increases to 8.5 percent...
October 13, 2014 by Dashawn

math
How can I calculate how long an amount of money will last if I spend x dollars per month, at the same time as the pot of money is attracting interest at y percent? Is thare a formula? Thanks
June 7, 2012 by charlie

math
Anthony earns an allowance for doing work at home .the first day he earns $1. ,$2. for the next two days,$3.for the next three days and so on and so on.If Anthony keep earning money this way ,on what day will he earn $6.?(2)Anthony saves all the money he earn to buy a $59.99 ...
November 20, 2012 by zack

fanince
) A thirty-year U.S 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....
May 8, 2013 by jasom

Math:Calculating Investment
How would I calculate this problem. plz help I don't know how to... An online store that has been successfully growing on its initial angel investment and revenues wants to invest $5 million to expand the business. The bank is willing to lend the business this money at a 10 ...
November 15, 2013 by Mary

math 117
Kevin earned $165 interest for 1 year on an investment of $1500. At the same rate, what amount of interest would be earned by an investment of $2500? At the same rate of interest, and period, the interest earned will be proprtional to the original principle. Therefore, you can...
July 11, 2007 by Diana

intermediate algebra
Select the set of equations that represents the following situation: Mike invested $706 for one year. He invested part of it at 5% and the rest at 3%. At the end of the year he earned $28.00 in interest. How much did Mike invest at each rate of interest?
February 21, 2011 by joel

math
Find the total number of compounding periods and interest rate per period.† Princial: $700, time period :8yrs , nomial rate: 1.5%, interest compounding :monthly, copounding amount________, compound interest_______† * i need to figure outhe compounding amount & compound interest
June 4, 2014 by Anonymous

Math
If business manager deposits $30,000 in a savings account at the end of each year for twenty years what will be the value of her investment: at a compound rate of 12 percent? at a compounded rate of 18 percent? What would the outcome be in both cases if the deposits were made ...
July 31, 2013 by April

finance
1. Yest Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based on semiannual compounding. What is the bondís price? 2. A 20-year, $1,000 par value bond has a 9% annual coupon. The bond currently...
October 13, 2013 by hannah

Bio
What is the per capita rate of increase (r) for a population whose per capita birth rate equals 0.1 and per capita death rate equals 0.05? If the annual per capita birth rate (b) for a population is 0.1, how many births will occur in a year if the initial population size is ...
February 2, 2011 by Ryan

math
If $690 is invested in an account that earns 20.75%, compounded annually, what will the account balance be after 25 years? (Round your answer to the nearest cent.)
July 19, 2011 by Anonymous

math
If $690 is invested in an account that earns 20.75%, compounded annually, what will the account balance be after 25 years? (Round your answer to the nearest cent.)
July 20, 2011 by Anonymous

ALGEBRA
If $695 is invested in an account that earns 21.75%, compounded annually, what will the account balance be after 15 years? (Round your answer to the nearest cent.)
April 29, 2012 by Mike

ALGEBRA
If $540 is invested in an account that earns 19.75%, compounded annually, what will the account balance be after 12 years? (Round your answer to the nearest cent.) =
June 14, 2012 by Urgen please help

math
if I deposited $100 in your savings account today, how much will you have 10 years from now if your account pays compound intrest once a year and the annual intrest rate is 4%
February 6, 2013 by Anonymous

FIN
After 12 months of making extra payments, what will be the loan balance? After 12 months of making the regular payment and investing the $50, what will be the loan balance? Under the regular payment and investing option, excluding the tax due on the interest earned, what is ...
August 26, 2007 by HELP

algebra2
a saving account with an initial balance of $15000 grows at 1.33percent per year compounded continuously. How much will the saving account have after 30 years?
November 19, 2014 by dd

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