compare the future amounts(a)you would have if the money were invested at a simple interest and if it were invested with annual compounding. ( round your answers to the nearest cent.) $7,600 at 15% for 25yrs

  1. 👍
  2. 👎
  3. 👁
  1. 7600(1+.15*25)

    Where do I sign up for that interest rate!?!

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. algebra

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? We have two unknowns: the amount of money invested at 9% and the

  2. Finance

    Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the

  3. Percentage change

    Ethan invested £500 in the bank for 2 years. He earned £40 simple interest in total. What was the simple interest rate per annum?

  4. math

    when invested at an annual interest rate of 4.7% an account earned 1290.33 of simple interest in 3 years how much money was originally invensted

  1. Math

    A person invested $7900 for one year, part at 5%, part at 11%, and the remainder at 15%. The total annual income from these investments was $965. The amount of money invested at 15% was $500 more than the amounts invested at 5%

  2. algebra

    Dilbert invests a total of $14,000 in two accounts paying 9% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was $1,350.00. A) Enter an equation that uses the

  3. math

    How much money must be invested at 6.3 % simple interest to earn $250 in interest each month?

  4. Math

    When Frederick was born, his grandparents gave hima a gift of $2000, which was invested at a simple interest rate of 5% per year. How much money will Frederick have when he can collect the monet at the age of 18? ( Assume no money

  1. algebra investments

    Peter invested some money at 6% annual interest and martha invested some at 12%. If their investments is $6000 and their combined interest was $540. How much money did martha invest?

  2. Algebra

    A woman invested some money at 8% and some at 9% annual simple interest. The interest for 1 year on the combined investment of $10,000 was $860. How much was invested at each rate?

  3. Algebra

    Katie invested a total of $7,000, part at 2% simple interest, and part at 3% simple interest. At the end of 1 year, the investments earned, $184.00 interest. How much was invested at each rate?

  4. math

    Money is invested in a savings account at 3.4% simple interest. After 1 year, there is $1695.76 in the account. How much was originally invested?

You can view more similar questions or ask a new question.