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What is the total value of a 400 certificate of deposit after 36 month if the simple annual interest rate is 3 percent?
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Gabe placed $2000 in a certificate of deposit. He earned $10 in interest each month for the next 36 months. Find the annual
Top answer:
(10 * 12) / 2000 = 0.06 = 6%
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Sylvia bought a 6-month $1900 certificate of deposit. At the end of 6 months, she received a $209 simple interest. What rate of
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I = PRT 209 = 1900 * R * 0.5 209 = 950R 209/950 = R 0.263 = 26.3% = R
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Mabel has $35,000 to invest in a certificate of deposit for 4 years. The certificate of deposit earns interest at 4.75%
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All we need is the 4.75% per annum compounded daily Let the equivalent annual rate be i 1+i = (1 +
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When a certificate of deposit savings account is taken out of the account and placed in another certificate of deposit account,
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B. rollover
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after winning $280,000 in the lottery, maurika deided to place the money in three different investments : a certificate of
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Well, well, Maurika struck it rich in the lottery! Let's figure this out. Let's say Maurika invested
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A young executive deposits $400 at the end of each month for 7 years and then increases the deposits. If the account earns 7.2%,
Top answer:
Accumulated value after 7*12=84th payment 400((1+0.006)^84-1)/0.006=43522.55653 This amount after 25
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A young executive deposits $400 at the end of each month for 7 years and then increases the deposits. If the account earns 7.2%,
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Suppose a state lottery prize of $2 million is to be paid in 20 payments of $100,000 each at the end
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A young executive deposits $400 at the end of each month for 9 years and then increases the deposits. If the account earns 6%,
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To find out how much each new deposit should be in order to have a total of $400,000 after 25 years,
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You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent long-term certificate of deposit
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To calculate the answers to these two questions, we need to use the formula for the future value of
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You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent long-term certificate of deposit
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Dhd 4*
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