Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Savings
Compound Interest
How much money must you pay into an account at the end of each of 20 yrs to have 100,000 at the end of the 20th yr? Assume 6% and round to nearest 1$.
I come up with 2,718, am I correct
1 answer
I agree
You can
ask a new question
or
answer this question
.
Similar Questions
What's interest?
A Money that you put in a savings account. B Money that a bank pays you regularly to keep your money in a
Top answer:
B Money that a bank pays you regularly to keep your money in a savings account.
Read more.
How much money must you pay into an account at the beginning of each of 11 years in order to have $5,000 at the end of the 11th
Top answer:
700
Read more.
At the beginning of the summer molly decided to add a little money into her sayings account every week. After seven weeks her
Top answer:
Sounds like a good plan. Was there a question in there somewhere?
Read more.
Mr. Rahim had the same amount of money in his three bank accounts at first. He deposited $44 into account b and $ 80 into
Top answer:
34
Read more.
Which is true of a flexible spending account but not a health savings account?(1 point) Responses If you change jobs, you keep
Top answer:
If you don’t spend it within a certain period of time, part or all of it reverts to your employer.
Read more.
Amy has
$ 1 , 000 in a savings account at the beginning of her summer vacation. She wants to use some of the money to pay for fun
Top answer:
D. 1000 - 100w ≥ 500; w ≤ 5 This inequality represents the fact that Amy wants to have at least
Read more.
Bonnie deposits $70.00 into a new savings account. • The account earns 4.5% simple interest per year. • No money is added or
Top answer:
After the first year, Bonnie will have earned 4.5% of $70.00, which is $3.15 in interest. So, her
Read more.
Three sisters pay money into a joint savings account. Rachel pays in every 9 days, Sarah pays in every 12 days and Tess pays in
Top answer:
LCM(9,12,16) = 144 so what date is 144 days after March 1?
Read more.
what is defined as net pay?
A. it is the total amount of money a worker earns in a given pay period B. it is the money that is
Top answer:
D. it is the money left over after deductions are removed and taxes are withheld from gross pay
Read more.
or this one tracey has 4,300 in his savings account. the money in the account earns 4.6% intrest each year assuming he makes no
Top answer:
4300 * 0.046 = ? Add the interest to $4,300 to find the total.
Read more.
Related Questions
Mike Gioulis would like to have $25,000 in 4 years to pay off a balloon payment on his business mortgage. His money market
Mr. Jenkins deposited $1,250 into an account. He made no additional deposits or withdrawals. Mr. Jenkins earned 4.25% annual
An initial investment of $480 is appreciated for 7 years in an account that earns 15% interest, compounded quarterly. Find the
Which is true of a flexible spending account but not a health savings account? (1 point)
If you change jobs, you • keep the
Which is true of a health savings account but not a flexible spending account?
You can use it to pay for prescription
which is true of a health savings account but not a flexible spending account
A. you can use it to pay for prescription medicines
Which is true of a health savings account but not a flexible spending account?
- you can use it to pay for prescription medicines
Which is true of a health savings account but not a flexible spending account?
You can use it to pay for prescription medicines.
Amy has in a savings account at the beginning of her summer vacation. She wants to use some of the money to pay for fun
Which is true of a health
savings account but not a flexible spending account? (1 point) You can use it to pay for prescription
