math

posted by .

If you deposit $10,000 in a savings account now, what interest rate compounded continuously would be required for you to withdraw $15,000 at the end of 6 years?

B. A savings and loans facility offers a CD with a monthly compounding rate that has an APY of 6.25%

  • math -

    .000556

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found …
  2. Personal Finance

    Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the seventh year?
  3. math

    You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. …
  4. math

    You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. …
  5. Finance

    You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. …
  6. Finance

    You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. …
  7. Pre-Cal

    A website is offering a savings account that pays 33% compounded continuously. How much interest would a deposit of $3,000 earn over 15 years?
  8. Math

    Determine how much money will be in a savings account if the initial deposit was $1000 and the interest rate is 4% compounded continuously for 15 years, 6 months.
  9. Math

    (a) Themba wants to deposit a sum of money into a savings account so that he will have R30 000 in 3 years time for an overseas holiday how much money must he deposit into the account if the interest paid on the savings is 8,5% p.a …

More Similar Questions