math

If you put $ 6,000 in a savings account that pays interest at the rate of 4 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put $ 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?

  1. 👍 0
  2. 👎 0
  3. 👁 144
asked by tota
  1. An investor in the 28 percent tax bracket is trying to decide which of two bonds to select: one is a 5.5 percent U. S. Treasury bond selling at par; the other is a municipal bond with a 4.25 percent coupon, which is also selling

    1. 👍 0
    2. 👎 0
    posted by Don

Respond to this Question

First Name

Your Response

Similar Questions

  1. pre algebra

    At the beginning of the year 2000, Bob put $100 in a savings account. The bank pays Bob 5% interest on his total savings at the end of each year including all interest added to the account. Assume the interest rate continues and

    asked by julious on May 2, 2013
  2. introduction to finance-16

    if you put $4000 in savings account that pays interest rate of 4%, compounded annually, how much will you have in 5 years? How much interest will you earn during the 5 years? If you put $4000 each year into a savings account that

    asked by mike on August 9, 2013
  3. Math

    Are these correct ?. My grade counts on this and I'm not the best at math. I. Interest is ____?. (1pt) a. The amount of money your bank pays you for the use of only your money. b. The amount you might pay for a loan. * c. A

    asked by Alyii on October 22, 2014
  4. PRE-CALC

    If you put $2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals

    asked by Anonymous on December 29, 2014
  5. math

    Adrian has $12,000 invested in a savings account which pays 5%, a time deposit paying 7% and a bond that pays 10%. He has $1000 less invested in the bond than in his savings account, and he earned $860 in annual interest. How much

    asked by Tay on April 30, 2017
  6. math

    Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest. A. how much does she have in her account at the end of 3 years? B. at what annual simple interest rate did the account

    asked by valentina on October 16, 2015
  7. Algebra

    an algebra student won $115,000 in a lottery and wishing to deposit it in savings accounts in two financial institutions. One account pays 7.9% simple interest but only insures $60,000. The second account pays 6.9% simple interest

    asked by Steph on February 1, 2010
  8. Math help! Check my answers ASAP!

    1. Which graph most likely describes the distance a person walks in a 24-hour period? (1 point) a. Graph IV** b. Graph II c. Graph I d. Graph III 2. A car traveling at 25 mi/h accelerates to 48 mi/h over the first 5 seconds. It

    asked by Cutie Pie on March 14, 2017
  9. Math- Interest Rates

    Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest. A. how much does she have in her account at the end of 3 years? B. at what annual simple interest rate did the account

    asked by Anonymous on March 5, 2017
  10. algebra2

    Bill invested $15,000 in three accounts. The savings account paid 1% interest, the Mutual fund paid 10% interest, and the CD paid 2% interest. In one year, Bill earned $210 in interest. If Bill put four times as much in savings as

    asked by McKInsey on November 18, 2013

More Similar Questions