Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Financial Calculations
Compound Interest
You plan to saving 6,400 per year, beginning immediately. Making 4 deposits in an account that pays 5.7% interest. How much will there be in 4 years from today?
1 answer
P = n*Po*(1+r)^t
P = 4*6400(1.057)^4 = $31,955.08
You can
ask a new question
or
answer this question
.
Similar Questions
you plan to go back to school for 4yrs . You plan to save 6,400/yr beginning immediately . 4 deposits are made in an account
Top answer:
It depends upon how much was deposited each of the four times, what time the deposits were made (at
Read more.
Brayton wants to invest his high school earnings for the next 7 years. He deposits $1,500 into an investment account at the
Top answer:
To find the value of the investment account after 7 years with an interest rate of 2.85%, we can
Read more.
Brayton wants to invest his high school earnings for the next 7 years. He deposits $1,500 into an investment account at the
Top answer:
To find the value of the investment account after 7 years with an interest rate of 2.85%, we can
Read more.
Brayton wants to invest his high school earnings for the next 7 years. He deposits $1,500 into an investment account at the
Top answer:
To find the value of the investment account after 7 years at an interest rate of 2.85%, we need to
Read more.
Brayton wants to invest his high school earnings for the next 7 years. He deposits $1,500 into an investment account at the
Top answer:
To find the value of the investment account after 7 years with an interest rate of 2.85%, we need to
Read more.
Brayton wants to invest his high school earnings for the next 7 years. he deposits $1,500 into an investment account at the
Top answer:
To find the value of the investment account after 7 years with an interest rate of 2.85%, we need to
Read more.
Brayton wants to invest his high school earnings for the next 7 years. he deposits $1,500 into an inestment account at the
Top answer:
To find the value of the investment account after 7 years with an interest rate of 2.85%, we need to
Read more.
if you deposits $1200 INTO A SAVING ACCOUNT that pays 1.5% annual simple interest if you don't withdrawals or deposits how much
Top answer:
I = PRT I = 1200 * 0.015 * 2.5 I = 45 $1200 + $45 = $1245.00
Read more.
Plan to save $5000 per year for retirement with first investment made 1 year from now.
Plan to earn 10% per year on investments.
Top answer:
a) To find out how many years it will take until your savings are exhausted when you withdraw
Read more.
Pam and Tim decide to start saving money for their daughter's college education. They open a college savings plan with a 400
Top answer:
An excel spreadsheet is very helpful for these kinds of calculations.
Read more.
Related Questions
Jayden opens a savings account with $100.00. His account pays 4% simple interest. How much money will be in his account one year
Scott deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the
jane opened a savings account and deposited 200 every month she deposits another 100 select the graph that shows how much money
Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his
Hudson invested $8,400 in an account paying an interest rate of 5.4% compounded quarterly. Assuming no deposits or withdrawals
Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his
Solve the problem.
Suppose you start saving today for a $20,000 down payment that you plan to make on a house in 10 years. Assume
You plan to open a retirement account. Your employer will match 50 percent of your deposits up to a limit on the match of $2500
Suppose you start saving today for a $30,000 down payment that you plan to make on a house in 8 years. Assume that you make no
rodney opens a saving account and deposits 3000 dollars. the saving account earn 5% yearly simple terest. If rodney does not
