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August 2, 2014

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

Number of results: 22,405

math
Suppose you deposit $4900 into an account paying 0.025% simple daily interest and leave it there for one year. Assuming that you make no other deposits or withdrawals, how much will the account hold at the end of that time? Assume that a year is 365 days.
February 26, 2014 by Keisi

science
Say you have a million dollars that you can invest into a bank account for 10% interest each year. how much money will you have each year to live off of? If you use more than amount,what happens to your original capital? What happens to your sustainability? Relate this to our ...
June 30, 2009 by devon

math check
1.)Jenna earns $16,250 per year. She pays 6% of her earnings to her pension fund. Her health insurance costs $81.50 per month and she has $55 taken from her monthly paycheck for savings. What are her total deductions for the year? =a.)$2,613 b.)$1,625 c.)$815.50 2.)Maribel's ...
September 16, 2010 by Ariel

MATH, PLEASE HELP!
Suppose you invest your money into an account that pays 4.0% per year compounded quarterly. How long (in years) will it take for your money to triple? Round your answer to one decimal place. I know I use this... A=P(1+r/n)^nt But to go from there and get an answer, so confused...
July 22, 2011 by Tina

Math Economics
1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on ...
June 27, 2012 by Alex

business mathemathics
sharry made a desposit of $860 to open a savings account that pays intrest at an annual rate of 8% compound quarterly. If she keeps her original desposit in the savings account and is paid intrest of four quarters, she will earn intrest in the first year of __________. Her ...
January 7, 2007 by Ashley

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
On July 1, 2011, ABC Grocers, Inc. purchased an investment in the 5 yr 10@ (stated rate) debt securities with a face value of $400,000 of Brighton Corporation, a publicly traded company. At the time of purchase the market interest rate for similar risk debt was 8%. Interest is...
August 24, 2012 by Michelle

Calculus
assuming that you wish to have $19000 in 7 years and that the account earns 6% compounded continuously. Round your answer to the nearest cent. Answer:
December 1, 2010 by Brooke

commission rate
a salesperson earns 150 commission selling 3,000 worthof television sets. what is the commission rate?
February 17, 2011 by bria

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

COM 155
Write 2 paragraphs about how interest rates affect our purchasing descisions. Identify the topic sentence by underlining it. Interest rates is the price that the lender sets for the borrower to pay as a fee to borrow money. Depending on whether or not interest rates are high ...
May 27, 2011 by Richelle

accounting
I need an understanding of a few matters in my accounting class: 1) what are annuities and why is it necessary to calculate there present value? 2) How does the frequency of interest compounding, regardless of the rate of interest or period of accumulation affect the future ...
March 31, 2010 by Stumpped on Accounting

Algebra: Simple Interest
Problem: Geoff has $5000 to invest. He wants to earn $568 in interest in one year. He will invest part of the money at 12% and the other part at 10%. How will he invest. +I already know how to do Simplest Interest, I just can't read the problem to find what i = p = r = t =
November 22, 2010 by Milly

Finance
You plan to open a retirement account. Your employer will match 50 percent of your deposits up to a limit on the match of $2500 per year. You believe the fund will earn 12 percent per year over the next 30 years, and you will make 30 deposits of $5000, plus 50 percent employer...
February 23, 2013 by katie

Algebra
Chris takes out two loans. He borrows $800 more from a credit union that charges 12% interest than from a bank that charges 15% interest. If his interest payments total $420 annually, how much does he borrow at each rate?
February 14, 2009 by Julia

Economics
Risk rate is 2%, expected inflation rate is 3%, what is the nominal interest rate?
June 8, 2011 by Susan

algebra
you invested $8000, part of it in stock that paid 12% annual interest. however, the rest of the money suffered a 5% loss. if the total annual income from both investments was $620, how much was invested at each rate?
June 13, 2009 by norbert

calculus
find the tangent function is continuous on the interval (-90,90) but is not uniformly continuous
August 29, 2011 by Anonymous

Math
The nominal rate of interest is 8% and the rate of inflation is 5%. A single deposit is invested for 10 years. Let: A= value of the investment at the end of 10 years measured in "constant dollars," i.e. in dollars valued at time 0. B= value of the investment at the end of 10 ...
May 11, 2011 by Katie

math-finance
Colin borrowed some money at 7.16%?a compounded quarterly. three years later. he paid $5000 toward the principal and the interest. after another two years, he paid another $5000. after another five years, he paid the remainder of the principal and the interest, which totalled...
January 18, 2011 by Allison

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

math
Michael has a total of $2000 on deposit with two saving institutions. One pays interest at the rate of 6% per year whereas the other pays interest at a rate of 8% per year. If Michael earned a total of $144 in interest during a single year, how much did he deposit in each ...
May 16, 2011 by SUBSTITUTION METHOD

simple intrest
My daughter brought home a work sheet and I have no clue where to begin to help her and she seems to have no clue either. the questions are 1. Find the final balance in each account. $800 at 4.25% simple intrest for 6 years 2. $2,000 at 6% compounded annually for 3 years ...
February 20, 2007 by Veronica

Geography
Which account of an Azerbaijani demonstration for independence that turned into a riot do you think would be the most reliable? the account in a Soviet newspaper the account of an Azerbaijani protester the account of a Swedish reporter the account of a Muslim leader I'm ...
December 11, 2009 by Renee

math
The total amount of interest on a loan of $6,000 for 150 days is 210.50.Using the ordinary interest method,what is the rate of interest on this loan?Round answer to the nearest hundredth. I know the ordinary interest method is 360 days. My anwser is 8.42% Could someone check ...
January 10, 2011 by Bonnie

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

business
You find that a small business loan in the amount of 50,000 is the amount you need to purchase the restaurant location. After researching banks to find the best interest rate, you find that banks for small businesses offer the best interest rate of 9% interest that compounds ...
December 19, 2011 by Anonymous

Math (Algebra/Pre-Algebra)
Ms. Caswell deposits $450 into an account earning 8% interest per year. How much simple interest is earned after 4 years? Please explain.. I'm supposed to show work =] thank you!
June 4, 2009 by Samantha

Algebra
Mrs. Jones invested $10,000, some in each of two separate accounts. One pays 5% interest and the other 6%. If her combined annual interest is $575, how much does she have invested in each account?....I need help solving this problem...thanks
December 13, 2009 by Mike 50

Accounting
purchases account is classified as: a. an expense account b. an asset account d. a cost account
December 9, 2008 by cookie monster

math
Chandra borrows some money at 7.2%/a compounded annually. After 5 years, she repays $12 033.52 for the principal and the interest. How much money did Chandra borrow?
May 24, 2012 by Maame

Kirr
*solve execises by using compounded interest formula Principal $ 700 Time period 8years nominal rate (%) 1.5 Interest compounded monthly Compound amount ? Compounded interest ? *need to find the compound amount and compound interest
June 1, 2014 by math HELP!! please

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

Algebra
invest $ 3000 and save $100 each month. Write a rule to represent the total amount of money invest into your account as arithmetic sequence. How much money will you have invested after 12 month?
February 17, 2013 by Brian

math
8.Mary invested RM3000 in two accounts, some at 12% per annum and the rest at 8 percent per annum.Her total interest for one year was RM3200.how much was invested at each rate? 9.RM 1999 was invested for a certain period. The simple interest earned was RM200. find the period ...
April 20, 2014 by fizz

Compound Interest
Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal rate of 4.25% compounded semi-annually, at what value should it set the new nominal rate? The answer for this question is 4.74%, the formula for ...
March 27, 2010 by Amy

math
Phil invested $150 at an annual rate of 4% compounded continuously, what amout to the nearest cent will be in his account after 2 years? Graph the amount in his account over the first 8 years.
February 20, 2013 by phil

MathHH
Is this answer correct? Jeremy is in Grade 8. He has a paper route and wants to save for his college education. He determines that he has $100 per month to put into an account at 6%/a compounded monthly. How much will he have at the end of five years for his college education...
January 16, 2011 by Alicia

Algebra 1
A finance company offers cheaper interest rates if you borrow a larger sum of money for shorter time period. A borrower is offered $7000 at 12% or $10080 at 10%. If the tome for the lager loan is 6 months less but the total interest is the total interest is the same, find the ...
November 9, 2010 by Lola

computer programming
Problem 7. Design an algorithm that will produce a savings account balance report from a customer savings account file. Each input savings account record contains the account number, balance forward, deposits (sum of all deposits) , withdrawals (sum of all withdrawals), and ...
March 19, 2012 by Anonymous

calculus
f(x) = (x^2 - 4)/(x-2) if x not equal to 2 f(x) = k if x = 2 for which value of k is f continuous at x = 2 f(x) = x +2 (obtained by factoring the numerator and canceling "x-2" When x=2, f(x) = 4 So make k = 4 at x=2 and you have a continuous function.
December 9, 2006 by Jen

math- pre calculus
you are depositing $1000 dollars in a savings account and are given the following options. 6.2% annual interest rate, compounded annually 6.1% annual interest rate, compounded quarterly 6.0% annual interest rate, compounded continuously for each option, write a function that ...
March 3, 2010 by carly

Engineering Econonmy
You decide to open an IRS-approved retirement account at your local brokerage firm. Your best estimate is that it will earn 9 percent. At the end of each year for the next 25 years, you will deposit $4000 per year into the account (25 total deposits). 3 years after the last ...
February 23, 2013 by manny

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

11th grade economics
Since capital are means of production e.g. machinery, how does that relate to the reward being interest? Business owners borrow money and pay interest but how does capital goods reward interest to business owners?
February 15, 2010 by Jim

Finance
Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1000, but she has not charged that much since opening the account. Nancy hasn't had the time to review her monthly statements as promptly as she should, but over the upcoming weekend...
July 20, 2006 by Jes

business finance
value of outstanding bond changes 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 prices.is ...
April 9, 2010 by soniya

Accounting
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next interest payment date would be: A.Debit: Cash $4,...
June 9, 2013 by Mike

math
With income earned by selling the rights to his life story, an actor invests some of the money at 3% and 30,000 more than twice as much at 4%. The total annual interest earned from the investments is $5600. How much is invested at each rate?
April 21, 2010 by zach

business Maths
The main concept to investing is diversify your investments. The old saying of “don’t put all of your eggs in one basket” exemplifies this concept. Kerry Stutsman has saved $2,400 and is wondering how to invest it. She was researching different investment options and found a ...
April 23, 2012 by Ekanki

Macro economics
Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year? b) Gold is also recognized as a form of money. How well does gold serve the functions of money if we have ...
July 31, 2012 by Anonymous

Foundations Math 12
48 weeks ago, Gabriella invested 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

personal finance
Based on the following information,what account would be subtracted from the bank-balance side of a checking-account reconcilation? Service charge $12,Outstanding checks $145,Interest $$ 3.50,Deposit in transit $80 a)$145 b)$12 c)$157 d)$148.50 IS C RIGHT ANSWER?THANK YOU:))) ...
March 12, 2010 by vedrana

math
sarah puts £800 into a bank account at the end of one year 4% interest is added how much is in her account at the end of one year?
September 14, 2011 by holly

macroeconomics
If the operators of the golf course revised their revenue estimates so that each cart is expected to earn $100 less, how many carts would they buy at an interest rate of 8 percent? How many would they buy if the interest rate is 3 percent?
December 10, 2009 by Amber

Compounded Interest
) An investment of $37,000 was deposited in the bank. Interest was computed on a semiannual basis and was kept there for 10 years. If the maturity value of this investment is $74,000, at what interest rate was it invested?
November 21, 2010 by Anonymous

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

Math
Joe invested $12,000, 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? Answer _____________
April 20, 2010 by Amanda

Health care finance
John Doe is in the 40 percent tax bracket. He is considering investing in HCA bonds that carry a 12 percent interest rate. A. What is his after-tax interest rate on the bonds?
October 26, 2010 by Meme

business math
Using the exact interest method (365 days), find the amount of interest on the following loan Principal Rate (%) Time (days) Exact Interest $1,700 12½ % 33
June 17, 2013 by Anonymous

college math
Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it accumulates to 817.39 after 4 years. Find the annual nominal interest rate of the investment.
October 13, 2011 by lianne

college math
Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it accumulates to 817.39 after 4 years. Find the annual nominal interest rate of the investment.
October 13, 2011 by lianne

math
Using the formula, compute the true annual interest rate. Loan amount = $9,500 Monthly payments = $227.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth
May 2, 2014 by wilton

algebra
To buy both a new car and a new house, Tina sought two loans totalling $260,394. The simple interest rate on the first loan was 3.7%, while the simple interest rate on the second loan was 8.8%. At the end of the first year, Tina paid a combined interest payment of $22,611.73. ...
February 20, 2011 by Jack

algebra
To buy both a new car and a new house, Tina sought two loans totalling $319,531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid a combined interest payment of $8334.15. ...
February 22, 2011 by Joel

Intermediate Algebra
To buy both a new car and a new house, Tina sought two loans totalling $78,825. The simple interest rate on the first loan was 0.2%, while the simple interest rate on the second loan was 5.0%. At the end of the first year, Tina paid a combined interest payment of $2817.23. ...
July 28, 2011 by Kimberly

Math
To buy both a new car and a new house, Tina sought two loans totalling $319.531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid a combined interest payment of $8334.15. ...
January 11, 2012 by Chrissy

annual interest
you invested 12000 in two accounts paying 5% and 7% annual interest. If the totak interest earned for the year was 760 how much was invested at each rate?
October 28, 2012 by Anonymous

math
1. A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. 2. 8. A $15,000 T-bill is purchased at a 3.85% discount rate for 16 weeks. Find...
September 6, 2012 by Fellippe

finace
16. Which of these three stock would you rather own if you rate of discount is 5%? a. stock that currently earns $2 per share whose earnings are growing 3% each year. b. stock that currently earns $1 per chare whose earnings are growing 4% each year. c. sock that currently ...
October 28, 2010 by Rick

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

math
If the interest on a sum is compounded quarterly, which of the following is necessarily true? a) The effective rate of interest is same for every year. b) The ratio of interest for the (m + 1) th year to m th year will be same as the ratio of interest for the (n + 1) th year ...
February 28, 2014 by Tarun

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

Trig/Pre-Calc
$2500 is invested in an account at interest rate r, compounded continuously. Find the time required for the amount to (a) double and (b) triple. r=0.085 I know you use the formula A=Pe^rt and you would start by setting it up as follows: A=(2500)e^(0.085)(t) I'm not sure where ...
May 17, 2011 by Bradley

econ 181
1. The three reasons for the downward slope of the aggregated demand curve are measured in effect. They are: Real Balances-this is caused by a change in the price levels. Next are Interest Rates-here high price levels increases the demand for money. When the supply is fixed ...
July 2, 2007 by Anika Bennett

Math
Maya bought a car for $15,000. To pay for it, she took a bank add-on interest loan at an annual interest rate of 9%. The loan term is 5 years. How much interest will she pay and what are her monthly payments?
March 25, 2012 by Dee

business math
using the exact interest method 365 days, find the amount of interest on the following loans, principal is $1,700, the rate is 121/2 percent, time days is 33. what is the exact interest
July 5, 2013 by Anonymous

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
things do not go quite as planned. you invested $8000, part of it in stock that paid 12% annual interest. however, the rest of the money suffered a 55 loss. if the total annual income from both investments was $620, how much was invested at each rate?
October 21, 2010 by ximena

calculus
Choice 1: Payments of $ 2600 now, $ 3200 a year from now, and $ 3880 two years from now. Choice 2: Three yearly payments of $ 3200 starting now. Modification: Interest is compounded continuously instead of annually. (a) If the interest rate on savings were 4.86 %, which would ...
June 27, 2014 by Anonymous

Math
Choice 1: Payments of $ 2600 now, $ 3200 a year from now, and $ 3880 two years from now. Choice 2: Three yearly payments of $ 3200 starting now. Modification: Interest is compounded continuously instead of annually. (a) If the interest rate on savings were 4.86 %, which would ...
June 27, 2014 by Anonymous

MATHS
A woman borrows 100000 euro to improve her house. she borrows the money at 15% interest and repays it in full after three years. What interest will she pay? PLEASE HELP
October 7, 2011 by Anonymous

Math Help :)
Mrs. Miller sells a house for $179,000. If she earns a commission of 6%, how much money does she earn? Write a proportion and show your work.
November 2, 2012 by Jman

Math
Josh borrows some money on which he makes monthly payments of $125.43 for 3 years. If the interest rate is 5.4%/a compounded monthly, what will be the total amount of all of the payments at the end of the 3 years?
February 11, 2013 by Mark

financial mathematics
Qn 1. The easy loan company has a finance charge of 0.089% per day on out standing balances.What is the effective rate? Qn 2. Seven days after Jay's company borrowed R10,000,000 interest to the amount of R37,876,71 had to be paid. The simple interest rate equals? come on rita...
March 1, 2007 by rita

math
marcia has $220,000 saved for her retirement. How long will it take for the investment to double in value if it earns 6% interest compounded continuously?
July 21, 2010 by anonymous

Confused calculus
Pete invests $10,000 in a certificate of deposits that earns 3% interest , compounded yearly. What will be te compound income at the end of 5 years?
November 28, 2012 by Leandra

math
x^2-3x+2<0 Put in y=x^2-3x+2 in your graphing calculator, and graph is. See where y is negative. That area is the solution The graph will be a second degree equation, and probably cross the y=0 axis at the x defined in (x^2-3x+2=0) Factor that equation and solve for those ...
September 17, 2006 by please i need help.Dan

Math
Michelle needs to save $7,000 for school for 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? Refer to the Present Value Table.
September 21, 2011 by Kara

Java programming
can u give me some example of withdrawal money program using array to store ten information of user. including the attributes: (i) Name of the depositor (ii) Account number (iii) Type of account (iv) Balance amount And the methods: (i) Deposit (ii) Withdraw (iii) Display the ...
April 18, 2013 by mike

math
write the exponential function y=40e^0.06t in the form y=ab^t. find b accurate to 4 decimal palces. if t is measured in years, give the % annual growth or decay rate and the continuous % growth or decay rate per year.
June 27, 2012 by Ariel

math
You have 700 dollars in your bank account. Suppose your money is compounded every month at a rate of 0.5 percent per month. (a) How much do you have after t years. (b) How much do you have after 100 months
May 12, 2010 by Anonymous

math
You have 700 dollars in your bank account. Suppose your money is compounded every month at a rate of 0.5 percent per month. (a) How much do you have after t years. (b) How much do you have after 100 months
May 12, 2010 by Anonymous

Math
Find the simple interest on a loan of $100 at an interest rate of 2% for 7 years.
March 12, 2010 by Julie

math
what was the interest rate on the loan for $50,000 if the interest amounted to $4500 for 9 months
May 14, 2014 by teresa

mathematical finance
The yearly cash flows of an investment are(-1000,-1200,800,900,800) Is this a worthwhile investment for someone who can both borrow and save money at the yearly interest rate of 6%?
November 1, 2011 by clarkson

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
if the simple interest on $2000 for 8 years is $960, then what is the interest rate?
October 12, 2012 by Hailey

Maths
Kate borrowed $19500 to buy a car. She paid the money back, plus interest in equal monthly repayments of $370 for the next 5 years How much did she pay in interest? Working out please :)
March 16, 2011 by HEYME

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