Post a New Question

Math 111

posted by .

Suppose that $5000 is invested in an account with an account with an APR of 12% compounded monthly. Find the future value of the account in 5 years.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Compound math

    (Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly?
  2. math

    Suppose $15000 is invested in an account for 6 years. Find the balance in the account if interest is compounded continuously at 6%.
  3. Math

    suppose that $5000 is invested in an account with APR of 12% compounded monthly. find the future value of the account in 5 years.
  4. Math

    Suppose $3500 is invested in an account with an APR of 11% compounded monthly. Find the future value of the account in 3 years.
  5. Algebra ASAP

    Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account after …
  6. 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 …
  7. 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 …
  8. math

    Lolita saved $ 5000 in a saving account which pays 12% interest compounded monthly. Eight months later she saved another $ 5000. Find the amount in the account two years after her first saving.
  9. math

    An account offers an APR of 6% compounded monthly. How much must you deposit today into this account in order to have $10,000 in five years.
  10. finance

    Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $470 per month invested at 5%, compounded monthly, for 7 years; then $709 per month …

More Similar Questions

Post a New Question