business finance

posted by .

If i invested 10,000.00 in a bank CD that pays a 6% annual interest. How much will the CD be worth at the end of five years

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    Eric deposted $32,000 in a savings account to save for his children's college education. The bank pays 8% tax-deferred interest per year compounded quarterly. How much will his account be worth at the end of 18 years?
  2. Finance

    You deposit a single amount of $50,000 in a savings account that pays 7.6% annual interest (compounded quarterly). How much will you have at the end of four and a half years?
  3. Business Finance

    George Wilkins checked the spreadsheet where he keeps track of his assets and liabilities. He discovered that (i) he owes $80,000 on his house, which he believes to be worth $150,000; (ii) his car is worth $20,000, against which there …
  4. matlab

    One bank pays 5.5 percent annual interest, while a second bank pays 4.5 percent annual interest. Determine how much longer it will take to accumulate at least $50 000 in the second bank account if you deposit $1000 initially and $1000 …
  5. Math

    How much money should be invested at an annual interest rate of 6.2% compounded continuously, to be worth at least $58,000 after 13 years.
  6. Finance

    Your friend claims that he invested $5,000 seven years ago and that this investment is worth $38,700 today. For this to be true, what annual rate of return did he have to earn?
  7. Finance

    calculate the future value of $5,000, given that it will be held in the bank for five years and earn an annual interest rate of 6%
  8. FInance

    Assume that you have $10,000 which you plan to invest for 3 years. How much more would you have if you invested the funds at 10% with annual compound interest versus 10% with simple interest?
  9. Calculus - Compound Interest

    Recently, a certain bank offered a 10-year CD that earns 8.93% compounded continuously. a) If $20,000 is invested in this CD, how much will it be worth in 10 years?
  10. MTH 157

    A company will need $50,000 in five years for a new addition.To meet this goal the company deposits the money in an account today that pays 4% annual interest compounded quarterly. Find the amount that should be invested to total $50,000 …

More Similar Questions