Compounded Interest

8,970 results, page 5

Business Math

Solve the following by using the present value formula. Compound Amount- $675 Term of Investment-15 months Nominal Rate (%)- 2.7 Interest Compounded quarterly Present Value ___________? Compound Interest _________?

math115

Ms. Jefferson has been given a loan of $20,000 for 1 year. If the interest charged is $800, what is the interest rate on the loan?4% 2.A saleswoman is working on a 6% commission basis. If she wants to make $2,400 in one month, how much must she sell?$40,000 3.If $7,800 is ...

algebra financial polynoomials

Compounded annually, P dollars is invested at annual interest rate r for 2 years. If the interest is compounded annually, then the polynomial P (1+r)^2 represents the value of the investment after 2 years. Rewrite the expression without the parentheses. Evaluate the polynomial...

Math

$500 in 15 years at 8% annual interest compounded semiannually.

Math

Find the effective rate of interest for 5% compounded monthly.

Finance

Rick has a credit card that charges 19% interest compounded monthly. What is the true annual rate of interest for Rick's credit card?

Math

Use the compound interest formula to solve: $18,000 is invested in an account paying 3% interest compounded quarterly. Find the amount of money in the account at the end of 10 years. (Show values substituted in the formula, and calculate the numerical amount.)

math

Fritz benjamin buys a car costing $12300. He agrees to make payment at the end of each month period for 8 years. He pays 7.2% interest compounded monthly. what is the amount of each payment? find the total amount of interest fritz will pay?

college math

A $8700 personal loan at 5.5% compounded monthly is to be repaid over a 4 year term by equal monthly payments. a) calculate the interest and principle component of the 18th payment b) how much interest will be paid in the third year of the loan?

college math

A $8700 personal loan at 5.5% compounded monthly is to be repaid over a 4 year term by equal monthly payments. a) calculate the interest and principle component of the 18th payment b) how much interest will be paid in the third year of the loan?

Finance

Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their first investment added $500 and invested it at Bank Bravo, at 5% compounded quarterly. a. What is the value of this ...

Finance

John deposited $1000 on 1st January 2011 in an account paying interest of 12% per annum compounded quaterly. He also deposited $800 (on 1st January 2011) in another account which pays 15% per annum effective interest. Find the time(n) when the two accounts will be equal value ...

Finance (Check Answer plz)

A comp. has issued a bond with the following characteristics: Principal=1000, Time to maturity=20yrs. Coupon Rate=8%, compounded semiannually with semiannual payments. Calculate the value of this bond if the stated interest rate, compounded semiannually is 6% My attempt: 1000...

Finance (Check Answer plz)

A comp. has issued a bond with the following characteristics: Principal=1000, Time to maturity=20yrs. Coupon Rate=8%, compounded semiannually with semiannual payments. Calculate the value of this bond if the stated interest rate, compounded semiannually is 6% My attempt: 1000...

Math

Bank A is offering an interest rate of 6.60% compounded monthly, while bank B is offering an interest rate of 6.67% compounded quarterly. The effective rate offered by bank A =?%, while the effective rate offered by bank B = ?%.

Math

1. When their child was born, Elaine and Mike Porter deposited $5,000 in a savings account. The money ears interest at 6 percent compounded quarterly. How much will the account be worth when their child celebrates her second birthday? My answer= $5,632.46 2. Asia Desai ...

Algebra

I'm really stuck on these 2. Can you please explain the work clearly so that I can understand and find the answer easily, if already not given. Need help with these 2 please-- 19. Nancy invests $100 in one account for 10 years at a 9% interest rate compounded annually, and she...

Math

A person deposited 100000 in a bank for three years. The Bank paid interest at 8% per annum compounded half yearly during the first year and at 12% per annum compounded quarterly during last 2 years.What is his balance after 3 years

College Algebra

Suppose an investment account is opened with an intial deposit of $12,000 earning 9.6% interest. Round all answers to the nearest dollar. a. How much will the account be worth after 20 years if it is compounded monthly? $ b. How much will the account be worth after 20 years if...

accounting

Invest $5,000 in a savings account at 6.6% interest compounded monthly.

algebra

Invest $5,000 in a savings account at 6.6% interest compounded monthly

Math

How much interest is earned on 20,000 at 6% for 2 yrs compounded annually?

Math

Principal 450.00 x interest rate 9.25 x compounded monthly x 4 years

compound interest

Anny invests $3500 at %6 compounded monthly for 1 year

Math

Brian invests $4,000 at 12% interest compounded quarterly for 12 years.

Math

Juanita invests $3,500, at 8% interest, compounded annually for 4 years?

math

The compound interest on Rs.1,000 at 6% compounded semi-annually for 6 years is:

business in mathematics

step by step solving plsss im very law in math so plss to solve step by step thanks.On August 1,1990, Mr.Talamos borrows 9,500 pesos and agrees to pay the compounded amont on the day he pays the debt. If interest is at the rate of 5 1/2% compounded quarterly, how much must Mr...

math(compund interest )

10.On 16 April 1990, $5000 was invested at 6% compounded semi annually.Find the amount accumulated on 16 October 1993 if the rate was charged to 8% compounded quarterly beginning 16 april 1992. semi annualy compounding= (2 times in years) quarterly compounding= (4 times in a ...

Business

Envision you have served as business manager for over two years. you noticed that for the last 12 months the business has regularly had cash assets of$20,000 or more at the end of each month.you have found a 6-month certificate of deposit that pays 6% compounded monthly.To ...

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 b.$28,180.46 c.$28,183.16 d.$180.46 On April 10th...

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 amount of money A you would have after t years...

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 A you would have after t years is given by ...

contemporary math

Quinn and Julius inherited $50,000 each from their great-grandmother’s estate. Quinn invested her money in a 5-year CD paying 1.6% interest compounded semiannually. Julius deposited his money in a money market account paying 1.05% compounded monthly. How much total money ...

Foundations Math 12

Jie is investing $15000 and is choosing between two options. With Option A, the investment is compounded semi-annually and will grow to $20000 in 5 years. With Option B, the investment is compounded monthly for 5 years. The annual rate of interest is the same in both options. ...

calculus

3. A deposit of ___(i)___is made into an account paying an interest rate of 5% compounded annually. How many annual payments of ___(iii)___can be made from this account? a) (i)$100,000 (ii)$10,000 b) (i)$200,000 (ii)$20,000 c) (i) 10x (ii) x d) (i) 10x (ii) x at r% compounded ...

calculus

The proprietor of Carson Hardware Store has decided to set up a sinking fund for the purpose of purchasing a computer 2 yr from now. It is expected that the purchase will involve a sum of 40000 dollars. The fund grows at the rate of dA/dt= rA+P where A denotes the size of the ...

Math

Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $24,000 at a rate of 4.2%/year compounded monthly. Her bank is now charging 6.8%/year compounded monthly for new car loans. Assuming that ...

math

Using the present value formula you deposit $12,000 in an account that pays 6.5% interest compounded quarterly. A. find the future value after one year? B. Use the future value formula for simple interest to determine the effective annual yield?

Math

What is the final amount if you earn 5% interest compounded annually on $31,000 for 29 years

algebra

find the present value for $2000 if interest is 3.5% compounded quarterly for 6 years?

algebra

How long will it take $1400 to double at 12% annual interest compounded quarterly?

Math

If $32,500.00 is invested at 6.4% for 30 years, what is the future value if the interest is compounded continuously?

math

what will the value of my investment be on $3000 at 6% annual interest compounded semi annually

math

What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually

math

What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually?

math

What is the future value of $5000 earning 6% interest, compounded monthly, for 5 years?

math

he compound amount on an investment of $8,500 at 12% interest, compounded quarterly, for 1 year.

math

the compound amount on an investment of $8,500 at 12% interest, compounded quarterly, for 1 year.

business math

Anny invests $8,500, at 6% interest, compounded quarterly for 12 years?

College A

2,900 to grow to $7,000 if the annual rate is 13.5% and interest is compounded monthly?

interest

Find the balance on an account if you invest $100 at 5% for 10 years compounded annually.

interest

Find the balance on an account if you invest $100 at 5% for 10 years compounded monthly.

Business Finance

Deposit $300 each month into an account earning 7% interest compounded monthly. How much total money will you put into the account? How much total interest will you earn?

college math

Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it accumulates to 817.39 after 4 years. Find the annual nominal interest rate of the investment.

college math

Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it accumulates to 817.39 after 4 years. Find the annual nominal interest rate of the investment.

MATH!!

Joe and Susan invested $1500 at Bank of America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their investment added $500 and invested in at Bank Bravo, at 5% compounded quarterly. a) What is the value of this ...

Math

Choice 1: Payments of $ 2600 now, $ 3200 a year from now, and $ 3880 two years from now. Choice 2: Three yearly payments of $ 3200 starting now. Modification: Interest is compounded continuously instead of annually. (a) If the interest rate on savings were 4.86 %, which would ...

calculus

Choice 1: Payments of $ 2600 now, $ 3200 a year from now, and $ 3880 two years from now. Choice 2: Three yearly payments of $ 3200 starting now. Modification: Interest is compounded continuously instead of annually. (a) If the interest rate on savings were 4.86 %, which would ...

MATH 123

Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $23,000 at a rate of 4.6%/year compounded monthly. Her bank is now charging 6.2%/year compounded monthly for new car loans. Assuming that ...

Interest

You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years? Use n=12 for monthly compounding,n=4 for quarterly compounding,n=2 for semiannual compounding, and n=1 for annual compounding.)

Math

Find the monthly payment, needed to have a sinking fund accumulate the future value, $16,000. The yearly interest rate is 6.7% and the number of payments is 20. Interest is compounded monthly. Round your answer to the nearest cent. I do not understand how to find the monthly ...

Math Personal Finance

Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) of 10% compounded quarterly. The compound interest formula is: Balance after t periods = Principal × (1 + r)t The final balance using the compound interest formula is $______.

math- pre calculus

you are depositing $1000 dollars in a savings account and are given the following options. 6.2% annual interest rate, compounded annually 6.1% annual interest rate, compounded quarterly 6.0% annual interest rate, compounded continuously for each option, write a function that ...

math

Good day to you. How can I approach this math problem. "To save for a child's education, the Petersens deposited $2500 into an account that pays 6% annual interest compounded daily. Find the amount of interest earned on this account over a 20-year period". I try solving with ...

math

find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the end of each year for N years, at an interest ...

calculus

Assume the initial investment was $6600 and the annual interest rate to be compounded continuously is 5%. Assume also that the target amount is $7900. If you want the account to contain the target amount given above after 9 years, what yearly interest rate is needed?

Math!

A credit Union pays 8.25% comppunded annually on 5-year compound-interest GICs. It wants to set the rates on its semiannulaly and monthly compounded GICs of the same maturity so that investors will earnt eh same total interest. What should be the rates on the GICs with the ...

math

A tractor bought for R120 000 depreciates to R11 090,41 after 12 years by using the reducing balance method. Calculate the rate of depreciation per annum if the rate was fixed over the 12 years, and calculate the effective interest rate if interest is 9,8% p.a., compounded ...

Math

Mark put $3290 into a bank that offered 3% interest rate compounded monthly. Mark kept the money in this account for 9 years and then moved all this money to a new account that offered 6% interest rate compounded weekly. Do not round any numbers until you get to an answer. How...

Finite!!!

John Buys a used car costing $6000. He agrees to make payments at the end of each monthly period for four years. He pays 12% interest compounded monthly. What is the amount of each payment? Find the total amount of interest John pays on the loan.

Algebra 2

Find the future value of $600 invested for 5 years at 8% interest compounded semiannually.

algebra

find the amount of interest by the following deposit $3000 at 6.4% compounded semiannually for 2.8 years

algebra

How many years and days will it take for a deposit of $700 to double at 4% interest compounded continuously?

Math

If you deposit 1200.00 annually with 5% compounded interest, how many years will it take to get to a million dollars?

algebra

Find the accumulated value of a CD of $20000 for 3 years at an interest of 3.1% if the money is compounded continously.

Algebra

If I have 10000 dollars and the interest rate is .40% when will my money double if compounded anually?

Maths

What is the present value of a 6 month Certificate at a simple interest rate at 14% compounded monthly?

pre calc

How long would it take from 3000 to get to 8000 at 8% interest at compounded quarterly?

Algebra 2

Find the value of $1000 deposited for 8 years in an account interest compounded semiannually.

Math

How long would it take to double your money at 15.86 percent with interest compounded annually?

trig

If $5000 is invested at a rate of 3% interest compounded quarterly, what is the value of the investment in 5 years?

math

Suppose 48,000 is invested at an interest rate of 4.2%, compounded quarterly. What will the account be in 10 years?

algebra

what would the compound interest on 8000.00 invested for two years at 12% compounded semiannually be?

Algebra

How much down is needed to get to 25000 at 8 percent interest compounded semianually for 3 .5 years

Algebra

If $31,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded daily

math

compute the compound amount and the interest on a loan of $19,400 compounded annually for 6 years at 12%

math

At what rate of interest compounded semi-annually will Rs.6,000 amount to Rs.9,630 in 8 years?

finance

How much will $100 grow to if invested at a continuously compounded interest rate of 10.75% for 8 years?

math

$6350 is compounded semiannually at 14% for 12 years. What is the total amount in the compound interest account?

Math

I really need some help with this one. Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found a 6-...

Finance - Loans problem

Reiny the answer 307.33 you posted at the bottom is coming up incorrect. please if you can help i would be very grateful. A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments ...

math

find the compound ammount $1000 at 6% compounded annually for 8 years Use A=P*(1+i)^n where P=1000, i=.06 and n=8 P is the Principal, i is the annual interest rate expressed as a decimal,and n in the number of periods in the compounding period. BTW, are you the one who asked ...

Math

Brody deposited $500 into an account that earns 4.2% interest compounded annually. He makes no additional deposits and no withdrawals. Approximately how much interest will the account have earned after 7 years? A $167 B $420 C $542 D $665 I think the answer is D. But can ...

financial mathematics

jeromeborrowed an amount of money on 16th june 1999. he has to pay Ri7500 back on 25th feb 2000. what was the amount borrowed if simple interest of 26% is chargedd? qn 2. For 20yrs sidney deposited R200 every month into an account. this account earned 15% intrest compounded ...

contemporary math

Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly. Then Compute the Annual Percentage Yield (APY) for the investment in the previous question. (Round APY to the nearest hundredths of...

business math

. Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly. Compute the Annual Percentage Yield (APY) for the investment in the previous question. (Round APY to the nearest hundredths of a ...

Math

Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found a 6-month certificate of deposit that pays 6% ...

Math

Can someone steer me in the right direction? Here's the question. Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each ...

math

Ben deposits $400 into an account that earns 5% interest compounded annually. Sam deposits the same amount into an account that earns 5% simple interest. Compare the account balances after 2 years.

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