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October 24, 2014

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

Number of results: 39,186

accounting
Case 1 (8 marks) Bona Bonjela works as a bricklayer and earns $45,500 per annum. His wife, Leslie, has a part-time job in which she earns $18,500 per annum. Leslie has been left an inheritance of $300,000 by her aunty. If this money is invested in a bank deposit, it will ...
January 5, 2011 by hashan

Finance
1. You deposit $100,000 at an annual rate of 5.6%. If interest is accrued following continuous compounding, how much will you have accumulated by the end of three and a half years?
February 1, 2011 by FinanceHelp

Accounting
Question #1 (a) I am working on the adjusting balance sheet. I am close to where I need to be in my adjustments and wondering if I am missing a step to figuring a few things out. If money is earned but not unpaid or recorded for salaries, and the next payday is after the ...
February 16, 2010 by Jesse

Algebra
Joe invested $12000, part at 6% interest and part at 8% interest. In the first year he earned $860 in interest. How much was invested at each rate?
June 25, 2008 by Kim

Math
Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most she can invest at 4% and still be guranteed at least $650 in interest per year?
July 1, 2009 by Pamela

art
Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most she can invest at 4% and still be guaranteed at least $650 in interest per year?
March 3, 2010 by Anonymous

maths
You deposit $10,000 in an account earning 4% interest compounded monthly. a. How much will you have in the account in 25 years? b. How much interest will you earn?
July 18, 2012 by mary

Economics
Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is: a- 10 b-11 c-10.25 d-12
April 19, 2011 by mike

math
If you purchase an item for $1,263 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.)
July 26, 2011 by said

ALEGEBRA
If you purchase an item for $1,232 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.)
November 21, 2011 by MONICA

algebra
If you purchase an item for 1,272 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add -on interest?(round your answer to nearest dollar.)
March 14, 2012 by Mark

math
If you purchase an item for $1,294 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.) $ 1
August 20, 2012 by Anonymous

math
If you purchase an item for $1,294 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.) $ 1
August 20, 2012 by Anonymous

math
If you purchase an item for $1,242 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.)
September 23, 2013 by Antonio

Health
Situation #1: The trade minister of a foreign nation asks you to pay a $200,000 consulting fee. In return for the money, the minister promises special assistance in obtaining a $100 million contract that would produce at least a $5 million profit for your company. If your ...
June 4, 2010 by Dee

U.S. and Global Economics:Involving math
Just show me how to calculate it and I'll do the rest. I just don't understand how to calculate this problem. Thank you, 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 ...
November 15, 2013 by Mary

math/algebra
Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+r/2)^2represents the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the ...
February 27, 2009 by Debbie

College Algebra
Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the ...
November 26, 2010 by Lisa

business finance
Kate Eden received a graduation present of $5,000 that she is planning on investing in a mutual fund that earns 6.00 percent each year. How much money can she collect in three years
February 11, 2013 by elh009

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

math..please i need your help
Please can you help me to solve and get the solution for these problems. how to get the solution please help me for my homework. question: 1.Find the price of a 10% coupon bond with 10 years to maturity if interest rates: A) increase by 1% B) decrease by 1% C) increase by 1.5...
September 12, 2011 by jessie

finance
company starting salary 75,000 retirement benefits 401k with annual contribution of 5% company will match 3% (for max contribution of 8% salary) avg 401k return within mutual fund options at 8% per year sign on bonus 0 annual bonus after 2 years of service annual bonus of $...
November 11, 2013 by marissa

Finance
Your grandparents deposit $1,000 each year on your birthday, starting the day you are born, in an account that pays 6% interest compounded annually. How much will you have in the account on your 30th birthday, just after your grandparents make their deposit.
March 21, 2011 by Mya

investing
. Jamie Thompson is thinking about investing in some residential income-producing property that she can purchase for $200,000. Jamie can either pay cash for the full amount of the property or put up $50,000 of her own money and borrow the remaining $150,000 at 8% interest. The...
January 5, 2014 by Anonymous

U.S. and Global Economics: Involving MATH
PLZZZ.. Help I just don't understand how to calculate this A landlord wants to acquire an additional apartment building for $250,000. The new building contains eight apartment units, which will each rent for $500 per month. The bank is willing to loan the landlord the money ...
November 13, 2013 by Mary

math
Kip and Celia began working for the same company in 1997. Celia earned $19,000 per year, and Kip earned $16,000 per year. Each year Kip received a $1,500 raise and celia recived a $1,000 raise. a. In what year will they earn the same amount of money. b. What will be thier ...
May 9, 2008 by cerenity

Calculus
A deposit of $1000 is made at the beginning of each month in an account at an annual interest rate of 3% compounded monthly. The balance in the account after n months is An = 1,000(401)(1.0025^n - 1). (a) Compute the first six terms of the sequence {An}. (b) Find the balance ...
February 11, 2013 by Jenny

Macroeconomics
Calculating the Rate of Growth of Per Capita Real GDP The annual rate of growth of real GDP in a developing nation is 0.3 percent. Initially, the countries' population was stable from year to year. Recently, however, a significant increase in the nation's birth rate has raised...
May 12, 2008 by animal

math 11
An investment earning simple interest rate of 1.10% per annum for a term of 5 years earned 82.50 in interest. What was the principal?
April 5, 2012 by karen

Math 11
An investment earning simple interest at a rate of 1.10% per annum for a term of 5 years earned $82.50 in interest. What was the principal?
April 9, 2012 by Chuck

Maths
Hamish borrowed $5000 for 3 years. He paid $1650 simple interest. What was the rate of interest per annum?
June 26, 2013 by Fishy

maths
At what rate of interest per annum, the amount ` 10, 000/- will be doubled in 5 years, interest being compounded quarterly?
September 29, 2013 by partha

math
at what rate of interest per annum,the amount of 10000 will be doubled in 5 years,interest being compounded quarterly
November 7, 2013 by ajaykumar

math
An investment earning simple interest at a rate of 1.10% per annum for a term of 5 years earned $82.50 in interest. What was the principal?
April 15, 2014 by Snorlax

Math
An investment earning simple interest at a rate of 1.10% per annum for a term of 5 years earned $82.50 in interest. What was the principal?
May 8, 2014 by Rafiki

calculus
A 0.2 ml dose of a drug is injected into a patient steadily for 0.75 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 0.2 percent per second. Using formulas, express Q as a continuous function of ...
September 4, 2012 by mike

Math
Suppose you wnat to purchase a house for 650,000. Hoe much of the loan would be left after 10 years if the interest rate was 3.8 % and it was a thirty year mortgage? And if you made the montly payments for ten years, and then increase your payment to 4000 per year, how many ...
November 2, 2013 by Kassie

math
Different Interest Rates. Mrs. Brighton invested $30,000 and received a total of $2300 in interest. If she invested part of the money at 10% and the remainder at 5%, then how much did she invest at each rate?
April 3, 2010 by denise

Math
Suppose an annuity will pay $18,000 at the beginning of each year for the next 8 years. How much money is needed to start this annuity if it earns 6.9%, compounded annually?
April 30, 2011 by math help plz

math - interest rates
Car loan: 5-yr annual-payment loan with interest rate of 6% per year. Annual payment = $5,000. You have just made a payment and decided to pay the loan off by repaying the outstanding balance. a) what is payoff amount if you have owned the car for one year (so there are 4 ...
February 5, 2014 by Nabil - please help

algebra
A computer salesperson earns a base salary of $32,000 per year plus a commission of 6% on total sales. Total sales for one year were $350,000. Find the salesperson’s total pay for the year.
September 14, 2011 by Tranesha

algebra
grandma ploan to finance her grandchilds college education she has 50,000 to invest use a long range investment pln ,cd,saving bond etc. the plan is to earn compound interest.the principal is(p)50,000 interest rate is (r)3.60years for investment is(6)this is time state number ...
March 5, 2012 by mike

Math
a young Colorado spruce tree is growing at a rate of 20 cm per year. Currently, it is 244 cm tall. A 300 cm tall white spruce tree is growing at a rate of 12 m per year. In how many years will the two trees be the same height? Solve algebraically
April 29, 2012 by Hanu

Math
A young Colorado spruce tree is growing at a rate of 20 cm per year. Currently, it is 244 cm tall. A 300 cm tall white spruce tree is growing at a rate of 12 m per year. In how many years will the two trees be the same height? Solve algebraically
April 30, 2012 by Hanu

Finance
Joeli deposited $1000 on 1 January 2011 in an account paying interest of 12% p.a compounded quarterly. He also deposited $800 (on 1 January 2011) in another account which pays 15% p.a. effective interest. Find the time (n) when the two accounts will be equal value if the exact...
September 25, 2011 by Anonymous

Pre Algerbra
I invested $3,000, part at 2% and the rest at 5% simple interest. After 1 year, I earned a total of $117 in interest. How much did I invest at each rate?
April 25, 2013 by Dan

money and banking
use capital asset pricing model to predict the return next year stock, return holding stocks to be 12% on average, the interest rate on 3 month t-bills will be 2%. calculate a stock with a beta of -0.3, 0.7, and 1.6. show three separate calculations
October 31, 2010 by debra

consumer math
Trisha earns $17,500 per year. If she has 30% withheld for deductions, what is the net amount of her biweekly paycheck?
May 24, 2010 by peaches

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

math 2 questions need help
At age 5, how much would you have to save per month to have $1 million in your account at age 65, if your investment rate was 10% per year? Assume no taxes and compounding on a monthly basis. $213.30 $21.23 $274.60 can't be done with these assumptions. After 20 years, 100 ...
July 24, 2008 by alisha

math(compound interest )
A sum of money,X was deposited in a saving account at 10 percent compounded daily on 25 july 1993. on 13 august 1993, rm600 was withdrawn and the balance as on 31 december 1993 was RM 8900.calculate the value of X using exact time and 360 day year. (1+.10/360)^20 - 600)(1+.10/...
May 16, 2014 by fizz

finance help
You have decided to buy a car that costs $34,100. The dealer offers you a 5-year loan with monthly payments of $695 per month. What is the annual nominal interest rate on the loan?
October 22, 2009 by Tiff

finance
You have decided to buy a car that costs $34,100. The dealer offers you a 5-year loan with monthly payments of $695 per month. What is the annual nominal interest rate on the loan?
October 23, 2009 by tiff

Finance
You have decided to buy a car that costs $34,100. The dealer offers you a 5-year loan with monthly payments of $695 per month. What is the annual nominal interest rate on the loan?
October 25, 2009 by London

Algebra
Find the account of simple interest earned if you invest $9000 at 0.04% interest for 20 years. Then find the account balance.
February 3, 2013 by Dana

Math
I take out a loan for $10,000.00 and the interest rate is 6.3% APR. If I pay this loan back at $300.00 per month, how much interest will I be charged on top of this per month for the first 3 months? Please show the equation used.
September 5, 2014 by Dinny

math
The minimum daily values (MDVs) for certain foods are given. They are based on a 2,000 calorie per day diet. Find decimal and fractional notation for the percent notation in each sentence.1 ounce of Tostitos provides9% of the MDV of fat.=9/100 .09 1/2 cupof Campbells’ New (d) ...
September 30, 2009 by p

math
The minimum daily values (MDVs) for certain foods are given. They are based on a 2,000 calorie per day diet. Find decimal and fractional notation for the percent notation in each sentence.1 ounce of Tostitos provides9% of the MDV of fat.=9/100 .09 1/2 cupof Campbells’ New (d) ...
September 30, 2009 by p

Math
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...
October 24, 2014 by Anonymous

math
a 10 year cd paying 8% interest per year that she opened exactly 10 years ago with a 35000 deposit
February 19, 2014 by corporate finance

business finance
Jeff Jones earns $1,200 per week. He is married and claims four withholding allowances. The FICA rate is as follows: Social Security rate is 6.2% on $97,500; Medicare rate is 1.45%. To date his cumulative wages are $6,000. Each paycheck, his employer also deducts $42.50 for ...
August 31, 2012 by no name

Business and Finance
Jeff Jones earns $1,200 per week. He is married and claims four withholding allowances. The FICA rate is as follows: Social Security rate is 6.2% on $97,500; Medicare rate is 1.45%. To date his cumulative wages are $6,000. Each paycheck, his employer also deducts $42.50 for ...
August 13, 2013 by Karen

accounting
A partner withdrew Rs.2000 at the beginning of every month.the rate of interest on drawings is 10%per annum. What is the amt. of interest?
July 14, 2014 by john

calculus
Choice 1: Payments of $ 2600 now, $3000 a year from now, and $3450 two years from now. Choice 2: Three yearly payments of $ 3000 starting now. Interest is compounded continuously. (a) If the interest rate on savings were 4.76 %,which would you prefer? (b) What is the interest ...
September 16, 2010 by nic

Math
The population of some countries has a relative growth rate of 2.75% per year. At this rate, how many years (to the nearest tenth of a year) will it take the population to double?
March 30, 2014 by Anonymous

Math
The population of some countries has a relative growth rate of 2.75% per year. At this rate, how many years (to the nearest tenth of a year) will it take the population to double?
April 21, 2014 by Anonymous

eng
i need to know if i underlined the correct topic sentence. if not can you see the topic with in the two paragraphs? 1. When purchasing a car, it can cost more than what it is worth because of not developing the money to buy it. Financing a car to purchase it can cost highly in...
November 17, 2010 by erica

FIN200- FV, PV and Annuity Due CP
I just want to know if anyone can help me in determining if I am on track with this assignment and if anyone can point out where I am wrong and how I need to fix it. I have already completed this assignment on my own and need someone to review it. Thank You Here is the ...
January 26, 2010 by Joy

math
The interest rate on an equity line of credit was 7 and 5/8 % last month. This month the interest rate is 9 and 3/8 %. How many percentage points has the interest rate increased? Can someone help me please? 9.375% - 7.625% = 1.750 % = 1 3/4 %
July 27, 2007 by Glenda

finance
The Blinkelman Corporation has just announced that it plans to introduce a new solar panel that will greatly reduce the cost of solar energy. As a result, analys now expect the company’s earnings, currently (year 0) $1 per share to grow by 50 percent per year for the next ...
September 10, 2011 by Dora

finance
The Blinkelman Corporation has just announced that it plans to introduce a new solar panel that will greatly reduce the cost of solar energy. As a result, analys now expect the company’s earnings, currently (year 0) $1 per share to grow by 50 percent per year for the next ...
September 8, 2013 by midline

Finance
Now that you have a full time job you are ready to start investing for retirement. Your corporation will match 50 cents of each dollar that you put in your 401K account up to the first $7,000. You have altogether $15,000 that you can afford to save this year. How should you ...
December 19, 2013 by Heather

accounting
The market interest rate for Christian Charities is 8% on January 1, 2008. On that day, Christian Charities issued the following bonds. A. $500,000 7-year 7% bond B. $300,000 10-year 9% bond For both bonds, interest is paid semiannually on June 30 and December 31 each year up ...
April 23, 2012 by kayla

math
Samantha lent her brother some money at 9% simple interest and her sister one-half as much money at 16% interest. If she received a total of 34 cents in interest, then how much did she lend to each one?
June 13, 2012 by Andrea B

Math
Sam lent her brother some money at 9% simple interest and her sister one-half as much money at 16% interest. If she received a total of 34 cents in interest, then how much did she lend to each one?
June 13, 2012 by Andrea B

Word Problem
Can someone help me figure out the equation? I am not good at figuring this out. Investing her bonus. Donna invested her $33,000 bonus and received a total of $970 in interest after 1 year. If part of the money returned 4% & the remainder 2.25%, how much did she invest at each...
September 10, 2007 by Shana

Finance
Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their first investment added $500 and invested it at Bank Bravo, at 5% compounded quarterly. a. What is the value of this ...
April 11, 2014 by Mai

economics
An accountant deposits 100 per month into an account that pays 8% per year compounded quarterly ( no interperiod compounding) How much will she have in 10 years
October 9, 2011 by t

Business Math
Compute the simple interest. Assume 1 month to be of a year. Round your answer to the nearest cent. Principal Rate Time Interest $1,025 4.5% 16 months
April 14, 2014 by Rita

ACCOUNTING
if a company issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13%, receiving cash of $30,237,139 and interest on the bonds is paid semiannually how do you calculate the first semiannual interest payment and the amortization of the bond discount?
April 26, 2010 by BOB

Corporate finace
suppose your firm is planning to invest in a project that will generate the following income stream:a negative flow $250000 per year for 5 years, a positive floww of $550000 in year 6, and a positive flow of $600000 per year in the year 7 through9. What is the present value of...
November 26, 2009 by John

Math
1.) You have $22 in your bank account, and you deposit $11.50 per week. Your cousin has $218 in his bank account and is withdrawing $13 per week. The graph of this problem situation intersects at x=8. What does this mean? A. In 8 weeks, you will have triple the amount of money...
November 20, 2013 by Lorri

Math
1.) You have $22 in your bank account, and you deposit $11.50 per week. Your cousin has $218 in his bank account and is withdrawing $13 per week. The graph of this problem situation intersects at x=8. What does this mean? A. In 8 weeks, you will have triple the amount of money...
November 20, 2013 by Lorri

investment
Mr. Centeno invested P50,000, part of which at 5%per year and the rest at 6% per year. His annual income from the 2 investments was P2,000. How much did he investat each rate?
November 28, 2012 by HELP HELP MNHS

problem solving
in 1979, the death rate,D, from acute myocardial infarction for people between the ages of 65 and 74 years was 577 per 100,000 people. In 1996, the rate was 262 deaths per 100,000 people. Round to one decimal place in part a. write sentences for your answer in part b and c. a....
January 10, 2007 by britteny

Math
An investment advisor invested a total of $12,000, part at 2.5% annual simple interest and part at 4% annual simple interest. The amount of interest earned for 1 year was $426. How much was invested at the 2.5% rate and how much was invested at the 4% rate?
June 23, 2009 by Alicia

algebra1
Marissa earns $3.75per hour at a local fast food restaurant. write an expression for the amount of money she earns and determine how how much she is going to earn in 7 hours. A.3.75x;$26.25 B.7x;$26.25 C.3.75x+7x;$10.75 D.7x;$3.75
April 14, 2014 by angela

Finance
After a protracted legl case, Joe won a settlement that will pay him $11,000 each year at the end of the year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming end of year payments, so there will be ...
April 27, 2010 by Unknown

College Algebra
Hello Steve, it didn't work for "t" i can't get the actual value... Find the time required for an investment of 1 dollars to grow to 7200 dollars at an interest rate of 7.5 percent per year, compounded quarterly
July 25, 2014 by Chris

accounting
An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $58,000. Assume further that the social security tax rate ...
November 9, 2010 by Anonymous

Algebra @
Sally invested a total of $4500, some at 9% per year and the rest at 6% per year. The return from the 9% investment exceeds that from the 6% investment by $180. How much did she invest at each rate?
October 18, 2009 by Trisan

Algebra 2
Sally invested a total of $4500, some at 9% per year and the rest at 6% per year. The return from the 9% investment exceeds that from the 6% investment by $180. How much did she invest at each rate?
October 18, 2009 by Trisan

Math Questions
1.) You have $22 in your bank account, and you deposit $11.50 per week. Your cousin has $218 in his bank account and is withdrawing $13 per week. The graph of this problem situation intersects at x=8. What does this mean? A. In 8 weeks, you will have triple the amount of money...
November 19, 2013 by Lorri

calculus
suppose you invest some money in an account at 6% compounded monthly, after four years you have $8000, how much interest did you earn
July 20, 2012 by jane

math
you invest $4000 in an account that pays simple interest of 6% for 30 years. calculate the amount of money you'll have at the end of the indicated time period.
May 16, 2013 by emma

finance
A treasury note with a maturity of four years carries a nominal rate of interest of 10%. In contrast, an eight year treasury bond has a yeild of 8%. A. If inflation is expected to average 7% over the first four years,what is the expected real rate of interest. B. If inflation ...
January 27, 2012 by fran taylor

Finance
An investment will provide Nicholas with $100 at the end of each year for the next 10 years. What is the present value of that annuity if the discount rate is 8% annually? What is the present value of the above annuity if the payments are received at the beginning of each year...
July 13, 2014 by Aina

Probability
A survey of 1,200 men and women asked, "Do you earn over $75,000 per year?" The table below shows the responses for males and females. Male Female Total Income over $75,000 585 485 1,070 Income below $75,000 65 65 130 Total 650 550 1200 Based on these data, are "being female" ...
May 22, 2014 by CollegeKid01

math
If $3500 is invested at an interest rate of 6.25% per year, compounded continuously, find the value of the investment after the given number of years. a) 3 years b) 6 years c) 9 years
February 20, 2014 by Anonymous

math
Model this situation w/ a linear system: Melissa borrowed $10, 000 for her university tuition. She borrowed part of the money at an annual interest rate of 2.4 % and the rest of the money at an annual rate of 4.5 %. Her total annual interest payment is $ 250.50 a.) a + b = 10 ...
June 11, 2013 by trixie

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