If you deposit $900 semiannually in a bank which pays 6% interest compounded semiannually and make no more deposits after 7 years, what is the balance in the account 8 yrs. later from the last deposit?
rodney opens a saving account and deposits 3000 dollars. the saving account earn 5% yearly simple terest. If rodney does not deposit any additional money into the account, how much compound interest did she earn over all 3 years
you are going to open a certificate of deposit $500 for 3 years with 2% interest. another bank offers a CD in which you must deposit $250 for 4 years with 3% interest. Which CD will earn more interest.
A firm of attorneys deposit $5000 of profit sharing money at the end of each semi-annual period for 7.5 years. Find the final amount in the account in the account if the deposits earn 10% compounded semiannually. Find the amount of …
Jenny and Dan want to save for an RV.They estimate that they will need $15,000 in 8 years. They can get 3% interest compounded semiannually. How much would they need to deposit now in order to have $15,000 in 8 years ?