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

51,547 results

financial management
Angela Anderson is employed as a Tax Manager by Super Cell Phone Service, Inc. She earns \$135,000 per year in this role, supervising a department of five Tax Accountants. Calculate the Medicare taxes that will be withheld from Angela’s annual salary assuming a tax rate of 1....

math
June has twice as much money invested at 5% simple annual interest as she does at 4 %. If her year income from the two investment is \$315 how much does she have at each rate?

precalculus
the value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model A= 6200e^(0.018(t)). When will the account be ...

FINANCE AND BANK
Last year Angela used her 60% margin account and purchased 100 shares of stock at a price of \$33 a share. Today she sold this stock for \$36 a share. Angela paid a total of \$70 in margin interest for the year. Ignoring transaction costs, what rate of return did Angela earn on ...

algebra 1
on january 1,1997 you deposit \$200.00 in a bank account paying 5% interest compunded annually on december 31 of each year. which of the following will be the account balance on january 1,2005

algebra 1
on january 1,1997 you deposit \$200.00 in a bank account paying 5% interest compunded annually on december 31 of each year. which of the following will be the account balance on january 1,2005

Economics
Assume that the average income of an artist is \$40,000 per year and that C=0.75Y^P. Further assume that in a good year the artist earns \$50,000 and that in a bad year she earns \$30,000. 1)Calculate the artist's average propensity to consume on average, in a good year and in a ...

Quant Reasoning
Stereo Inc. sells a stereo system for \$300 down and monthly payments of \$80 for the next 3 years. If the interest rate is 4.25% per year, find: a) The cost of the stereo. Answer = \$ b) The total amount of interest paid. Answer = \$

personal finances
computing future value. calucale the future value of a retirement account in which you deposit \$2,000 a year for 30 years with an annual interest rate of 7 percent.

financal problems
Computing future value. Calculate the future value of a retirement account in which you deposit 2,000 a year for 30 years with an annual interest rate of 7 percent.

Math
Meg's pension plan is an annuity with a guaranteed return of 9% interest per year (compounded semi-annually). She would like to retire with a pension of \$70000 per semi-annum for 25 years. If she works 45 years before retiring, how much money must she and her employer deposit ...

interest
In a savings account, a principal of \$1000 is deposited at 5% per annum. In the second account a principal of \$500 is deposited at 10% per annum. Both accounts are compounded continuously. a. estimate the doubling time for each

math
Show work for. A principal of \$5000.00 was invested in a saving account 4 years. if the interest earned for the period wass \$400.00 what was the interest rate?

math
I keep getting an answer with an exponent and i am not sure what i have done wrong here. Any help is appreciated. To save for his retirement, Jeff puts \$800 per month into his savings account every month for 30 years. The savings account pays 9% interest compounded monthly. ...

theory of interest
1.Two investments are made at the same time. The first consists of investing 1550 dollars at a nominal rate of interest of 7.9 percent convertible semiannually. The second consists of investing 1450 dollars at a nominal rate of interest of 7.9 percent convertible daily. How ...

math
Sam invested \$5000 in a GIC earning 8% compound interest per year. The interest gets added to the amount invested, so the next year Sam gets interest on the interest already earned as well as on the original amount. How much will Sam's investment be worth at the end of 10 ...

corporate finance
What is the present value of \$1000 paid at the end of each of the next 100 years if interest rate is 7% per year?

Math
4700 is borrowed at a rate of 16% interest per year, compounded quarterly. Find the amount due at the end of 4 years

math
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. P = \$2500, r = 3%, t = 3, compounded quarterly \$ ?

math
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. P = \$24,000, r = 7%, t = 6, compounded monthly \$ ?

accounting
Data provided: Estimated manufacturing overhead cost for year....\$93,000 Estimated direct labor cost for the year... \$75,000 Actual manufacturing overhead cost for the year... \$84,000 Actual direct labor cost for the year... \$64,000 Requirements: 1. Compute the predetermined ...

You have recently learned that the company where you work is being sold for \$275,000. The company’s income statement indicates current profits of \$10,000 which have yet to be paid out as dividends. Assuming the company will remain a “growing concern” into the infinite ...

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

finance
Julie's x-ray company paid \$2.00 per share in common stock dividends last year. The company's policy is to allow its divident to grow at 5 percent for 4 years and then the rate of growth changes to 3 percnet per year from year 5 on. What is the value of the stock if the ...

algebra
Suppose a retiree wants to buy an ordinary annuity that pays her \$2,000 per month for 20 years. If the annuity earns interest at 3.5% interest compounded monthly, what is the present value of this annuity?

Finance
A person invests \$500 on June 4, 2015 in an account which earns 7% simple interest. Determine the value of the investment on October 18, 2015.

ALGEBRA
Find the ending balance in an account that opens with \$5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.) I had \$750.05

Finance
Answers for a 10 year us treasury bond has a 3.50 % interest rate, while a same maturity corporate bond has a 5.25 % interest rate. Real interest rates and inflation rate expectations would be for the two bonds. if default risk premium of 1.50 percentage points is estimated ...

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

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

Finance
Find the finance charge in the open end charge account. Assume interest calculated is on the unpaid balance of the account Unpaid balance \$611.80 Monthly interest rate 1.1%

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Finance
If you open an IRA at a commercial bank and deposit \$1000 in the account per year, how much will be in the account after 20 years if the funds earn 7%?

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

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

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

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

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

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

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

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

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

Math
A \$4,000.00 principal earns 5% interest compounded annually. After 4 years, what is the balance in the account? A. \$500,000.00 B. \$4,862.03 *** C. \$4,600.00 D. \$20,250.00

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

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

math
need help with "you have \$15 in your bank account. you spend \$11 on a hat. then you mow 3 lawns for \$20 each and deposit the money into your bank account, write and solve an expression (using order of operations) to determine how much money is in your account." I keep getting...

math 142
1,000 are deposited into an account quarterlyâ€ƒâ€ƒfor eight years at an interest rate of 7.87.8â€‹% compounded quarterly. How much is in the account at the end of the 88 â€‹years?â€ƒ

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

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

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

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

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

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

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

economics
US demands fewer Japanese goods what will happen to t he demand for money and the supply for money and the interest rate and why?

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

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 ...

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

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

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

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

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

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

Maths
Sophie borrowed \$2000 at a simple interest rate of 15% for 3 years to repay the loan and has \$900 in interest. If Sophie's interest was calculated at the same rate on the balance owing, how much would she have owed after 6 months if she repaid \$40 per month? Give your answer ...

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

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

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

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

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

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

math
jenny invests \$250 at a rate of 8% and earns \$40.how long did she leave her money invested?

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

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

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

if I deposited \$625 in a retirement account per month and it had a return of 3.84% a year compounded monthly. How much will I have in my account in 15 years?

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

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

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

value of money
At what annual nominal rate of interest will \$6,900 earn \$6,400 interest in five years?

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

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

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