Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Investments
Compound Interest
You deposit 172 dollars in an account every year for 9 years that earns 9 percent annual interest. How much money is in your account 9 years from now?
1 answer
Amount = 172[(1.09)^9 - 1]/.09
= ....
( got 2239.62 )
You can
ask a new question
or
answer this question
.
Related Questions
Jane needs $30,000 to buy another car in eight years. How much should she deposit at the end of each half year into an account
You want to have 1.5 million in real dollars in an account when you retire in 40 yeras. the nominal return on your investment is
How much would you need to deposit in an account now in order to have $20,000 in
the account in 4 years? Assume the account earns
Suppose you deposit $100 in an account that earns 0.5% each month. You make no withdrawals from the account and deposit no more
Suppose you deposit $5,000 in a savings account that earns 3% annual interest. If you make no other withdrawals or deposits, how
Suppose you deposit $5,000 in savings account that earns 3% annual interest. If you make no other withdrawals or deposits, how
How much would you need to deposit in an account each month in order to have $20,000 in the account in 5 years? Assume the
How much would you need to deposit in an account now in order to have $5000 in the account in 13 years? Assume the account earns
Suppose you deposit $275.00 in your savings account on December 31.
Your bank pays 3 percent annual interest on savings accounts.
Ben deposits $5000 now into an account that earns 7.5 percent interest compounded annually. He then deposits $1000 per year at
