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July 4, 2015

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

Number of results: 42,873

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

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

math
how long will $600K last, assuming it earns 6% a year with a withdrawl of 4% annually and inflation rate of 2%
May 2, 2012 by john

Calculus
OK I understand the concept present value but I don't understand how to solve for present value in this context: Assume that you won a local contest for which you gain a continuous income stream at a rate R(t)=5000e^0.1t per year for 5 years and r=0.05. Find present value. Can...
April 29, 2008 by Alice

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

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

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

corporate finance
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

math
john hunt has invested $500.00 in a savings account that pays 6% annual interest, compounded quarterly. After the second quarter of interest has been credited, what is the amount in the account?
February 26, 2013 by Anonymous

MATH
USE THE FORMULA: A=P+I.P, WHERE A IS THE VALUE OF THE INVESTMENT IN ONE YEAR, P IS THE ORIGINAL INVESTMENT, AND I IS THE INTEREST RATE FOR THE INVESTMENT. FIND THE INTEREST RATE FOR AN ORIGINAL INVESTMENT OF $3,000 WHICH HAD A VALUE OF $3,450 AFTER ONE YEAR.
December 21, 2008 by BLUE

mathematical modeling
Person A opens an IRA at age 25, contributes $2000 per year for 10 years, but makes no additional contributes thereafter. Person B waits untill age 35 to open an IRA and contributes $2000 per year for 30 years. There is no initial investment in either case. Asumming an ...
August 13, 2011 by lala

Finance
Calculate die after-tax cost of debt under each of the following conditions: a. Interest rate of 13%, tax rate of 0% b. Interest rate of 13%, tax rate of 20% c. Interest rate of 13%, tax rate of 35%
December 5, 2010 by Anonymo

algebra
I invest $14,000, part is 15% and part is 2% if the total interest at the end of the year is $1060, how much did I invest at 15% I think you mean that part (let'say x) earns 15% and the rest earns 2% Solve thes two equations simultaneously: x + y = 14,000 0.15 x + 0.02 y = ...
March 25, 2007 by Tony

Finite Math
A bank deposit paying simple interest at the rate of 8% per year grew to a sum of $1200 in 10 months. Find the principal. (Round your answer to the nearest cent.)
May 7, 2011 by Dee

Finance
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? I get a rounded sum of $200,180.
August 29, 2013 by Roberta

Math
The management of a private investment club has a fund of $114,000 earmarked for investment in stocks. To arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high-risk, medium-risk, and low-risk. ...
September 10, 2012 by Rachel

U.S. and Global Economics
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 percent interest rate over an eight-year term. Calculate the monthly ...
November 11, 2013 by Mary

fin
1. A financial institution has the following market value balance sheet structure: (LG 19-1) Assets Liabilities and Equity . Cash $ 1,000 Certificate of deposit $ 10,000 Bond 10,000 Equity 1,000 Total assets $11,000 Total liabilities and equity $ 11,000. a. The bond has a 10 ...
January 9, 2013 by sandie m

Algebra
Natalie earns $2.50 for each CD she sells and $3.50 for each DVD she sells. Natalie sold 45 DVDs last year. She earned a total of $780 last year selling CDs and DVDs. Write an equation that can be used to determine the number of CDs (c) Natalie sold last year. How many CDs did...
February 16, 2013 by Sylvie

Algebra
Natalie earns $2.50 for each CD she sells and $3.50 for each DVD she sells. Natalie sold 45 DVDs last year. She earned a total of $780 last year selling CDs and DVDs. Write an equation that can be used to determine the number of CDs (c) Natalie sold last year. How many CDs did...
February 17, 2013 by Amy

Econ
As the interest rate increases, the opportunity cost of money: A. Increases for both lender and borrower. B. Increases for the borrower but not the lender. C. Decreases for both lender and borrower. D. Decreases for the borrower but not the lender. My answer - D (Because, As ...
December 12, 2007 by Psharp

math - earn interest
invest money that pays 6.3% interest/year compounded quarterly. How long should invest if want to double initial investment?
November 7, 2011 by BJ

math
I could only get the first part of this question. Can someone help me with the second part? You borrow $7000 from a bank for 3 years at an interest rate of 10% per year compounded daily.(Assume there are 365 days in every year) a) HOw much do you pay the bank back in total? b)...
April 10, 2008 by Marisol

IT
Do the planning and write an algorithm for the following questions. Each problem contain a do loop. When planning your algorithm, decide which type of loop will be best suited to solving the particular problem (pre-test or post-test). If the problem contain a decision to be ...
April 2, 2015 by kwena

College Algebra
If monthly payments p are deposited in a savings account paying an annual interest rate r, then the amount A in the account after n years is given by A= p(1+r/12)[(1+r/12)^12n - 1]/ (r/12) Graph A for the values of p and r. p = 100, r = 0.06 Estimate n for A = $200,000. (Round...
December 10, 2014 by Ashton

accounting
On July 1, 2010, Brower Industries Inc. Issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13%, receiving cash of $30,237, 139. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year...
January 10, 2010 by missy

math
Jeanette wishes to retire in 30 years at age 55 with retirement savings that have the purchasing power of $300,000 in todayís dollars. 1. If the rate of inflation for the next 30 years is 2% per year, how much must she accumulate in her RRSP? 2. If she contributes $3000 at the...
May 2, 2014 by nikki

math
a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original investment, and r is the fixed rate of interest. If the amount of interest earned is $2.25 and the interest rate is 3%, what is P?
February 14, 2013 by sherry

Finance
Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $246,400; but expect the standard deviation in net daily cash flows to be $13,600; the effective annual rate on marketable securities to be 4.8 percent per year; and the trading cost per sale ...
May 15, 2010 by Hans

help with math!
Evonne earns $10.50 per hour for a 40 hour week. She earns time and a half (1 1/2 times the normal $10.50 per hour rate) for all hours worked OVER 40 hours. Answer the following question based on Evonne's information. This week Evonne worked 50 hours, 10 hours overtime. Find ...
May 12, 2014 by Josh

MATH
A customer has a balance of $1,350. Interest is paid at the end of 12 months. Assuming the balance remains at $1,350 for all 12 months, how much interest will be earned after 12 months if the interest rate on the account is 5.5%?
March 17, 2012 by RUBY

College Algebra
A bank credit card charges interest at the rate of 23% per year, compounded monthly. If a senior in college charges $1,700 to pay for college expenses, and intends to pay it in one year, what will she have to pay?
October 28, 2013 by Dee

math
Please someone show me how to work this one out? 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...
February 26, 2012 by nan

Business mathematics
randy had saved 5000 in an account that offered r% simple interest per annum on 20 march 2008. If the interest on 6 june 2008 was 40, find the exacttime of the investment
April 22, 2013 by Vicky

Finance (Engineering Economics)
You wish to retire at 60 and, at the end of each month thereafter for 25 years, to receive $6,000. Assume that you begin making monthly payments into an account at age 23 and continue these payments until age 60. If the annual interest rate is constant at 12 percent, how much ...
April 4, 2012 by Chase

math
How much money will there be in an account at the end of 8yrs if $5000 is deposited at 7% interest compounded semi annually?
June 23, 2015 by tina

Plz Hel, word problem:)
I have tried hard to solve, but I'm stuck.... Letís use our knowledge of quadrantic equations to analyze a real world business application. If P dollars is invested at r rate of interest compounded anually t years, then the amount of money, A, accummulated at the end of t ...
September 24, 2010 by Jesee

Math Help
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 Richard

algebra
interest formula, and or answer. if you put $200.00 in an annuity that grows at 6% interest per year at the end of every year, and you add $200.00 more at the end of every year, how much will you have at the end of 70 years. I know prt, but it doesn't work. is this pertaining ...
June 13, 2015 by lamar

precalc
A is accumulated amount investing after p principal for t years at and interest rate of r compounded anually k is times per year. P=$1500, r= 7%, t=6 P=1500, r=7%,t=5,k=4 P=$1250, r=5.4%,t=6
June 12, 2011 by kevin

College Algebra~ Check answer please
Can someone check my answers please. 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 A=P(a+r/n)^nt A is the amount of the return. P is the principal amount initially deposited. r is ...
December 11, 2007 by Alicia

algebra
An investor wants to receive $1,000 dollars annually from two investments. He has put $4,500 in money market account 4% annual simple interest. How much should he invest in a stock fund that pays 10% annual simple interest to achieve this goal?
October 20, 2014 by Jay

finance (saving for $1,000,000)
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. I use my TI-83..... N=(65-5)*12 I%=10%/12 PV=0 PMT=0 FV=1,000,000 I used the solver ...
July 25, 2008 by Jason

accounting
4/4/04, Corporation, which has a 12/31 year end authorized $1,500,000 of callable, mortgage bonds (secured by $2,200,000 of property and equipment, at market value). The bonds paid interest at a rate of 8% per year and had a term of 6 years. Interest was payable each 9/30, and...
September 15, 2009 by Bob

math !!!! :O
Principal: $46,299 Interest rate: _______________ Time: 1 year Simple interest: $462.99 Fill in the blank
March 7, 2011 by Evangelise

math !!!! :O
Principal: $7,428 Interest rate: 1.85% Time: 1 year Simple Interest:_________________ Fill int he blank
March 7, 2011 by Ryan

maths
After one year ,a writer had to pay $589 in interest on a $6,200 loan.what is the interest rate?
November 14, 2012 by alexander

Applied Business Math
Michelle needs to save $7,000 for school in the next two years. She found a bank that offers a 9% interest rate compounded annually. What does she need to deposit at the beginning of the year to have enough money for school?
September 23, 2013 by Latoya Porter

Economics - Finance
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? What is the total amount in the account after three years? What is the amount after three years if the interest was compounded annually?
October 1, 2012 by Wendi Jones

Finance
A Treasury note with a maturity of four years carries a nominal rate of interest of 10 percent. In contrast, an eight-year Treasury bond has a yield of 8 percent. a. If inflation is expected to average 7 percent over the first four years, what is the expected real rate of ...
September 6, 2012 by vincent

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 ...
January 30, 2012 by Betty

finance
A thirty year US Treasury bond has a 4.0% interest rate.In contrast a ten year treasury bond has an interest rate of 3.7%. If inflation is expected to average 1.5% points over both the next ten years and thirty years, determine the maturity risk premium for the thirty year ...
January 27, 2012 by fran taylor

math pre cal
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 fred

Personal 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 for the furniture. They would like to make three equal year end deposits to this savings account to pay ...
April 30, 2010 by amanda

Finance
P5. A thirty 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 .2 percentage points for the longer maturity bond. Investors expect inflation to average 1.5 ...
November 2, 2013 by Dee

Math
Aidan has $7565 in his checking account. He invests $5000 of it in an account that earns 3.5% intersest compounded continuously. What is the total amount of his investment after 3 years?
December 3, 2012 by Student09

math
mr. greatest bought an aotomobile for $250,000and paid a 20% down payment .it the rate of interest is 6.5% per year, and he agrees to pay the balance in 20 equal monthly installments,what is the amount of each installment?
January 29, 2013 by justien

sat math
I have some questions that I'm a little stuck on. They're pretty simple but I'm just having trouble. Can someone please tell me the steps on how to solve them? 1. A collection of books is set up into 34 rows. The first row has 96 books, and each row after that one has 2 less ...
May 29, 2013 by zf

math
You start an investment account with $3000 and save $100 each month. Write a rule to represent the total amount of money you invest in the account as an arithmetic sequence. How much money will you have invested after 12 months?
October 25, 2011 by Jane

Determinants of Interest Rates
If the rate of inflation is 5%, what nominal interest rate is necessary for you to earn a 3% real interest rate on your investment?
October 20, 2010 by Anonymous

Math 208
nico is saving money for his college education. He invests some money at 6%, and $1400 less that that amount at 5%. The investments produced a total of $172 interest in 1 yr. how much did he invest at each rate?
May 20, 2013 by Jackie

economics
Federal Reserve increases discount rate to 3.5 what will happen to the bank lending, supply of money, aggregrate demand and the interest rate and why?
April 11, 2009 by adam

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 ...
February 6, 2011 by Abigail

math
James invested $4,000 at 5% interest per year; how long will it take him to earn $200 in simple interest?
November 1, 2011 by iris

basic programming principles
Do the planning and write an algorithm for the following questions. Each problem contain a do loop. When planning your algorithm, decide which type of loop will be best suited to solving the particular problem (pre-test or post-test). If the problem contain a decision to be ...
March 31, 2015 by mathebula

MATH HELP ASAP!
Randee invested $1000 for college in an account earning 5% simple interest. When she withdrew the investment, she had earned a total of $550 in interest. How long was the money invested? A 9 years B 10 years C 11 years D 12 years
December 9, 2014 by DerpyPegasus33

COM155
Write two paragraphs about how interest rates affect our purchasing decisions. High interest rates make us stop and think, do we need this item? Is it a necessity? When interest rates are high people tend to finance things less. Why pay a lot in interest when you can just ...
August 9, 2011 by Jessica

Math
A customer requests a loan advance of $300 with an annual interest rate of 22%. What is the dollar amount of the interest for the entire year
May 15, 2012 by Denise

math
What annual interest rate was charged on a 2-year loan of $6300 if the simple interest paid was $1039.50? Show your work
July 6, 2012 by bob

accounting
A customer requests a loan advance of $300 with an annual interest rate of 22%. What is the dollar amount of the interest for the entire year?
March 4, 2013 by Anonymous

Please Help!!!! Maths
Over a three-year period, the total interest paid on a $4500 loan was $1620. What was the interest rate?
April 3, 2013 by Jeconiah

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...
February 18, 2014 by Dan

Calculus
Company QRS generated a net profit between 1992 and 1997 at a rate approximated by 20 t + 264.5 million dollars per year, where t is the time in years since 1992. Find the value, in 1992, of QRS's net profit over the 5-year period from 1992 to 1997. Assume that the interest ...
December 1, 2010 by Brooke

math
a certain sum of money atcompound interest becomes Rs7396 in 2 years and Rs7950.70 in 3 years.Find the rate of interest
May 17, 2011 by susanta

Maths
pauline paid $450 simple interest to borrow $20 000. The interest rate was 6% p.a. For what time period did she borrow the money?
June 26, 2013 by Fishy

English
I was to write 2 paragraphs on how interest rates affect our purchasing decisions and underline the topic sentence of each one. I would like to know if my prargraphs are okay and if I chose the TS correctly. Since I dont know how to underline here the topic sentences I chose ...
January 9, 2011 by Karen

math
Find the amount of money in an account after 7 years if $3900 is deposited at 7% annual interest compounded monthly.
September 21, 2009 by lori

Math
Find the amount of money in an account after 12 years if $1000 is deposited at 5% annual interest compounded quarterly.
November 20, 2009 by Megan

math
Find the amount of money in an account after 12 years if $1000 is deposited at 5% annual interest compounded quarterly.
November 22, 2009 by Meg

algebra
you deposit 8500 dollars in an account that pays you 3.5 % interest compounded continuously. How long will it take for the money to triple?
October 31, 2010 by frank

College Algebra
Suppose that you invest $6,000 at 2% interest compounded continu- ously. How much money will be in your account in 5 years?
December 1, 2011 by Ddog

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 ...
November 4, 2012 by Kathy

Math
1. When their child was born, Elaine and Mike Porter deposited $5,000 in a savings account. The money ears interest at 6 percent compounded quarterly. How much will the account be worth when their child celebrates her second birthday? My answer= $5,632.46 2. Asia Desai ...
March 24, 2015 by kk

Math(Asap)
1. A 3,500.00 principal earns 3% interest, compounded semi annually. After 20 years, what is the balance in the account A. 7,700.00 B. 4,713.99 C. 5,600.00 D. 6,349.06 Steve, I got the second one. It was 18,112.45. But I still cannot get the first one.
February 12, 2015 by Tia

college algebra
An investment initially worth $5300 earns 7.7% annual interest, and an investment initially worth $8000 earns 5.6% annual interest, both compounded annually. How long will it take for the smaller investment to catch up with the larger one?
November 21, 2014 by Brett

algebra
Hannah invests $3850 dollars at an annual rate of 6% compounded continuously, according to the formula A=Pe^rt, where A is the amount, P is the principal, e=2.718, r is the rate of interest, and t is the time, in years. (a) Determine, to the nearest dollar the amount of money ...
July 27, 2012 by Carla

Math
Please help me and show an understanding please, so I see how to figure them out. Lee deposited $28,000 in an interest-bearing checking account that earns 3.5% interest compounded daily. Find the amount after 68 days. a.$183.16 b.$28,180.46 c.$28,183.16 d.$180.46 On April 10th...
February 20, 2015 by Marc

value of money
Deposits of $1,000, $1,100 and $680 were made into a savings account, the first two years ago, the second 18 months ago, the third 6 months ago. How much is in the account now if the interest on all deposits is 12% compounded semi-annually?
July 8, 2011 by nmh

Math
Which sequence do I use to get the answer to this problem? Arithmetic or geometric? The answer is $36,000 but I do not no how to write it out or which one to use, Can someone please help me? Thank you. A person deposited $500 in a savings account that pays 5% annual interest ...
September 2, 2010 by Fh

Finance
You want to withdraw $39,944 from your account that the end of one year and $24,608 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 15 percent p.a. Answer: $53,341.10 Can someone provide...
October 12, 2014 by TaylorB

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
October 13, 2014 by Stovall

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
October 13, 2014 by Dashawn

Finance
Anna has been saving $450 in her retirement account each month for the last 20 years and plans to continue contributing $450 each month for the next 20 years. Her account has been earning a 9 percent annual interest rate and she expects to earn the same rate for the next 20 ...
October 13, 2014 by Dashawn

maths
Calculate the amount at a rate of rs 1200 per month.with effect from 1st august 2000 till 1st april 2013 at a rate of 11% interest per annum
April 15, 2013 by prashant

Everest
Jamie 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 property ...
January 10, 2014 by Brittany Thomas

finance
Farah Jeans of San Antonio, Texas is completing a new assembly plant near Guatemala City. A final construction payment of Q8,400,000 is due in six months [ďQĒ is the symbol for Guatemalan quetzals]. Farah uses 20% per annum as its weighted average cost of capital. Todayís ...
May 5, 2011 by Sara

math
find the interest rate to the nearest hundredth of a percent that will produce $2500, if $2000 is left at interest compounded semiannually for 4.5 year
October 23, 2012 by amber

Math
hollis is paying off 2 student loans. One loan charges 7% interest, per year. The other loan charges 9 % interest per year. He owes $1500 more on the 7% loan than he does on the other. Last year he paid a total of $617.00 in interest. what does he owe on each loan what is 2,...
April 8, 2007 by Edward

Business Math and Statistics
You deposit $1,000 for 4 years at an interest rate of 2.0%. If the interest is compounded annually, how much money do you have after 4 years?
December 8, 2013 by Teresa

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