Zuck M. Drye Bank is paying 12% interest compounded monthly.How much will \$200 deposited at the end of each month be worth after 3 years?

1. 👍 0
2. 👎 0
3. 👁 86
1. James,
You have posted a few varied problems for your course. I suppose you are doing revision or getting ready for your exams.
However, if you actually work them out and ask to verify the answer, or ask to check if the steps are correct, you are more likely to get useful practice and learning out of the exercises.

1. 👍 0
2. 👎 0

## Similar Questions

If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? B) Find the amount in the bank after 6 years if interest is

asked by ALI on February 21, 2014
2. ### Calculus :)

If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 11 years if interest is compounded annually ____ Find the amount in the bank after 11 years if interest

asked by Brit on August 22, 2011
3. ### Math

If 3000 dollars is invested in a bank account at an interest rate of 6 per cent per year, find the amount in the bank after 12 years if interest is compounded annually Find the amount in the bank after 12 years if interest is

asked by tony on July 13, 2011
4. ### Alg 2

Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money

asked by rock on December 13, 2011
1. ### Math

Rs.200 is invested at the end of each month in an account paying interest 6% compounded monthly. What is future value of annuity after 10th payment

asked by Shahzaib on November 20, 2016
2. ### Math

Please help me and show an understanding please, so I see how to figure them out. Lee deposited \$28,000 in an interest-bearing checking account that earns 3.5% interest compounded daily. Find the amount after 68 days. a.\$183.16

asked by Marc on February 20, 2015
3. ### Finite Math

Five years ago, Diane secured a bank loan of \$370,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 years, and the interest rate was 10% per year compounded monthly on the

asked by Micaela on December 6, 2018
4. ### Math

The formula is A = (R((1+ i)^n -1))/i R is the regular payments i is the interest n is the number of compounding periods Determine the amount of each ordinary simple annuity. A) \$650 deposited every 6 months for 8 years at 9% per

asked by anonymous on October 28, 2019
1. ### Math

Suppose you deposit \$1000 in an account paying 4% annual interest, compounded monthly. How much money will you have after 15 years?

asked by leo on July 29, 2018
2. ### math

can I any one help me to find a formula to calculate 401K plans for my project? Thanks Compound Interest With compound interest, the interest due and paid at the end of the interest compounding period is added to the initial

asked by jenny on April 30, 2007
3. ### Alg2

Help....Help... Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the

asked by Rock on December 12, 2011
4. ### PreCalc

Suppose that \$14,000 is invested in a savings account paying 5.2% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly.

asked by Jacob on December 4, 2016