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Determine the balance if you were to invest 10,000 at an APR of 9% compounded monthly for seven years.
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Suppose that you invest $6384 in an account that earns interest at an APR of 4.6%, compounded monthly. Determine the accumulated
Top answer:
i = .046/12 = .0038333.. n = 9(12) = 108 amount = 6384(1.0038333..)^108 = $9650.44
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Determine the balance of $10,000 is invested at an APR of 9% compounded monthly for seven years.
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just plug it into your formula: 10000(1 + .09/12)^(12*7)
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Jason Printing has $85,000 to invest. They can invest in Wilder Revenue at 10% compounded semiannually or at Cheapskate
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did this yesterday http://www.jiskha.com/display.cgi?id=1397441682
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Jason Printing has $85,000 to invest. They can invest in Wilder Revenue at 10% compounded semiannually or at Cheapskate
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1.05^2 - 1 = 10.25 APY Wilder 1.0081666^12 - 1 = 10.2524 APY Cheapskate so go with cheapskate ten
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Jason Printing has $85,000 to invest. They can invest in Wilder Revenue at 10% compounded semiannually or at Cheapskate
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Wilder: amount = 85000(1.05)^2 = $93,712.50 after 1st year Cheapskate: amount =
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You saved $25,000.00 and want to diversify your monies.
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You deposit $1200 in an account that pays an APR of 7% compounded monthly. How long will it take for your balance to reach
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im not really sure but maybe itslike a month because the way I put it in my calculator Is
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Suppose that you invest $1583 in an account that earns interest at an APR of 6.7%, compounded continuously. Determine the
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Future value (compounded continuously) =Pe<sup>rt</sup> =1583*e<sup>0.067*6</sup> =1583*1.494811
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1. Mike wants to invest money every month for 40 years. He would like to have
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Which of the following options has the highest APY: a 6.25% APR compounded yearly, a 6.2% APR compounded monthly, or a 6.1% APR
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6.1
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