# Mr. Nailor invests \$5,000 in a money market account at his local bank. He receives annual interest of 8% for 7 years. How much return will his investment earn during this time period?

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### Finance Homework

If you deposit \$2,000 in a bank account that pays 9% interest annually, how much would be in your account after 14 years? Round your answer to the nearest cent.

### Kirr

Mike would like to have \$25,000 in 4 years to pay off a balloon payment on his business mortgage . His money market account is paying 1.825% compounded daily. disregarding leap years, how much money must mike put in his account now to achieve his goal? Round nearest whole dollar.

### Math

Search Results for "Ruth has some money in a savings account. after the bank adds 5% interest to her account , she has \$126. How much was in her account before the interest was added" How do i write this in an equation?

### math

a company will need \$30.000 in 7 years for a new addition. To meat this goal the company deposits money in an account today that pays 7% annual interest compounded quarterly. find the amount that should be invested to total \$30.000 in 7 years?

### financial

Determine the amount of money in a saving account at the end of five years, given an initial deposit of \$5,000 and a 12 percent annual interest rate when interest is compunded a) annually b) semiannually c) quarterly

### financial management

Wheeler Corporation is planning to expand its business and needs \$30,000,000. The company believes that a 12-year term loan can be negotiated with a bank at an annual rate of 10%. Alternatively, an investment banking firm has indicated that it is willing to underwrite a common...

### math

Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly \$128 interest after 2 years. How much money should he deposit? Pls help me!

### Accounting

1. A manager is considering the following investment: Initial capital investment \$180,000 Estimated useful life 3 years Estimated disposal value in 3 years 0 Estimated annual savings in cash operating costs \$80,000 Minimum desired rate of return 10% The net present value of ...

### Algebra investment

An investor had a total of 25,000 put into a portfolio of stocks, bonds, and mutual funds. In one year, he earned 8% on the stock investment, 10% on the bond investment and 6% on the mutual funds investment. The annual(simple interest) return was \$1860. if the amount invested ...

### Math

Compound interest is a type of exponential growth. Now imagine that Lisa and Elicia each opened a new compound interest account. Lisa deposited \$20,000 into her compound interest account. Elicia deposited \$15,000 into her compound interest account. Both accounts pay 5% ...

### Algebra 2

some investments in the stock market have earned 10% annually. At this rate, earning can be found using the formula A=p(1.10)n, where A is the total value of the investment, P is the initial value of the investment, and n is the number of years the money is invested. If \$1,5oo...

### finance

You currently have \$22,500 in your retirement account. What annual rate of return will you need to make on your investment in order to have \$1,000,000 in the account on your 60th birthday? Will investing in CDs get you to your goal?

### math

A mother wants to invest \$9,000.00 for her son’s future education. She invents a portion of the money in a bank certificate of deposit (Cd account) which earns 4% and the remainder in a saving bond that earns 7%. If the total interest earned after one year is \$540.00, how ...

### MATH HW HELP!!

Mike Gioulis would like to have \$25,000 in 4 years to pay off a balloon payment on his business mortgage. His money market account is paying 1.825% compounded daily. Disregarding leap years, how much money must Mike put in his account now to achieve his goal? Round to the ...

### Algebra

You invest an initial \$4,500 in an account that has an annual interest rate of 4.5%, compounded daily. How much money will you have in the account after 10 years? Round your answer to the nearest whole number.

### math

Andrew wants supplement his pension with investment interest if he invests 28,000 at 6% interest how much would he have to invest a t 7% to achieve the goal of 3,000 per year in supplemental income.

### math

Eric deposted \$32,000 in a savings account to save for his children's college education. The bank pays 8% tax-deferred interest per year compounded quarterly. How much will his account be worth at the end of 18 years? 32,000(1.02)^72=\$113,156.50 Is this correct?

#3 of case study: If Naomi invests in a stock portfolio, her returns for 10 or more years will average 10%-12%. Naomi realizes that the stock market has higher returns because it is a more risky investment than a savings account or a CD. She wants her calculations to be ...

### math

find the average return over the last ten years on a mutual fund . what investment account of 1,000 for 5,10,15,20,25,30,35 and 40 years compound quaretly. is there a point at which the investment appears to grow more quickly

### Kennedy king

2. A \$5,000 investment has doubled to \$10,000 in ten years. How much longer will it take for the investment to reach \$15,000 if it continues to earn the same rate?

### Personal Finance

Mary just deposited \$33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the seventh year? Mary and Joe would like to save up \$10,000 by the end of three years from now to ...

### Math

Which sequence do I use to get the answer to this problem? Arithmetic or geometric? The answer is \$36,000 but I do not no how to write it out or which one to use, Can someone please help me? Thank you. A person deposited \$500 in a savings account that pays 5% annual interest ...

### math

austin invests 4500 with first national bank at 5 1/4% simple interest. how much interest does austin earn after one year?

### MTH 157

A company will need \$50,000 in five years for a new addition.To meet this goal the company deposits the money in an account today that pays 4% annual interest compounded quarterly. Find the amount that should be invested to total \$50,000 in 5 years. Thanks for the help!

### Finance

john deposited 3000 into an account with 5% annual interest rate compounde quarterly at the beginning of 2011. the bank guarantees that 5% annual interest rate for the next 10 years if john deposits 3000 every two years. assume that john does deposit 3000 every two years, what...

### math

37. A person deposited \$500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account?

### Math

A person deposited \$500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of the 10 years, how much money will be in the savings account?

### math

37. A person deposited \$500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account?

### Math

a person deposited \$500 in a savings account that pays 5% annual interest that is compounded yearly. at the end of 10 years, how much money will ve in the savings account?

### math

How much interest is earned from a \$3,000 investment at an annual rate of 4% compounded quarterly for 2 years?

### algebra

An investment of \$4600 is made at an annual simple interest rate of 6.8%. How much additional money must be invested at an annual simple interest rate of 9% so that the total interest earned is 8% of the total investment?

### Finance

Seven years ago a semi-annual coupon bond with a 10% coupon rate, \$1,000 face value and 15 years to maturity was issued by Corn Inc.. Teddy bought this bond two years ago when the market interest rate was 12%. And now the market interest rate is 5%. If teddy sells the bond now...

### Math

For the past 5 years, Frank and Peggy have deposited \$15,000 in a retirement account with a simple interest rate of 7%. They plan to continue to make annual deposits for the next 20 years. Explain how their money will grow over time. Note: You do not need to extend their ...

### math

With income earned by selling the rights to his life story, an actor invests some of the money at 3% and 30,000 more than twice as much at 4%. The total annual interest earned from the investments is \$5600. How much is invested at each rate?

### math

Your firm has the option of making an investment in new software that wil cost \$130,000 today and is estimated to provide the savings shown in the table over5 years. year savings estimate 1 \$35,000 2 50,000 3 45,000 4 25,000 5 15,000 should the firm make this investment if it ...

### Finance

Your firm has the option of making an investment in new software that wil cost \$130,000 today and is estimated to provide the savings shown in the table over5 years. year savings estimate 1 \$35,000 2 50,000 3 45,000 4 25,000 5 15,000 should the firm make this investment if it ...

### geometry

A person deposits \$500.00 into a savings account and pays 5% annual interest that is compounded yearly. At the end of the 10 years how much money will be in the savings account ?

### Math , check my answer ?

Lynne invested \$35,000 into an account earning 4% annual interest compounded quarterly. She makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5 years? \$37,153.21 \$39,438.88 \$42,706.65 <my choice \$56,295.30

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

a person deposited \$500 in a savings account that pays 5% annual interest that is compounded yearly. at the end of 10 years, how much money will be in the savings account? write it in a sequence

### precalculus

the value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model A= 6200e^(0.018(t)). When will the account be ...

### math

lio bought a backpack for \$39.95 and 2 belts for \$17.99 each. The sales tax is 6.5%. How much did Julio spend for all the items, including tax? A \$61.71 B \$75.93 C \$80.87 D \$98.01 Each year on the same day, Susan deposits \$275 into a savings account that earns simple interest ...

### math

Alice took out a \$15,000 loan for college. She is borrowing money from two banks. Bank A charges an interest rate of 6%, and Bank B charges an interest rate of 7%. After one year, Alice owes \$960 in interest. How much money did she borrow from Bank A?

### Finance

You are 45 years of age and your asporation is to retire in 17 years at age 62. Assume you are about to set up a new retirement savings account at a 4% annual interest rate (APR). Based on how you want to live in retirement, and any other sources of retirement income you have ...

### Finance

Consider the following information and calculate the required rate of return for the Winkler Investment Fund. The total investment fund is \$2 million. Stock Investment Beta ----- ---------- ---- A \$ 200,000 1.50 B 300,000 -0.50 C 500,000 1.25 D 1,000,000 0.75 The market ...

### math

not sure how to solve this problem, Mrs. Smith put \$5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year

### math

not sure how to solve this problem, Mrs. Smith put \$5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year

### simple interest

A total of \$12,000 is invested into two simple interest accounts. On one account the annual simple interest rate is 12%, while on the second account the annual interest rate is 18%. How much should be invested at 12% so that the interest earned is the same?

### precal

Suppose Joan has \$5,000 to invest. The banks are offering 3.10% interest. Bank A compounds interest continuously, while Bank B compounds interest semiannually. Use the Rule of 72 to estimate how much time it would take to double Joan's investment in Bank A.

### Math

Joanie takes a \$6,000 loan to pay for her car. The annual interest reate on the loan is 12%. She makes no payments for 4 years, but has to pay back all the money she owes at the end of 4 years. How much more money will she owe if the interest compounds quarterly than if the ...

### math

Sally invests some money at 65/a compounded annually. After 5 years . she takes the principal and interest and reinvests it all at 7.2%/a compounded quarterly for 6 more years. At the end of this time, her investment is worth \$ 14 784.56 . How much did Sally originally invest?

### math

Sally invests some money at 65%/a compounded annually. After 5 years . she takes the principal and interest and reinvests it all at 7.2%/a compounded quarterly for 6 more years. At the end of this time, her investment is worth \$ 14 784.56 . How much did Sally originally invest

### ALGEBRA 1

Cindy will require \$15,000 in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 12% compounded continuously, she will have enough for school?

### intermediate algebra

A woman has a total of \$9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 10% per year. If the interest earned in the first year is \$650, how much did she invest in each account?

### investing compound interest

James Johnson, a recent graduate of a nationally recognized MPA program wants to be able to travel around the world. James does not have enough money at this time, but believes he can save up enough money to travel around the world in ten years. If he currently has \$15,000 to ...

### math

...A woman has a total of \$9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is \$730, how much did she invest in each account?

### math

A woman has a total of \$9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is \$730, how much did she invest in each account?

### Math

A woman has a total of \$10,000 to invest. She invests part of the money in an account that pays 6% per year and the rest in an account that pays 9% per year. If the interest earned in the first year is \$750, how much did she invest in each account?

### Pre Calculas

If you deposit \$5,000 in an account that pays 5% interest compounded annually, how much money will you have in your account at the end of 15 years? Write an exponential function that represents this situation. I got 1,500,000 but im not sure if i did it right and im stuck

### math

A bank account earns 10 percent interest compounded continously. What annual amount of money must parents deposit each year in order to save 110000 dollars in 9 years for a child's college expenses? Assume the annual amount is added continuously over the period of each year.

### math

a person deposits five hundred dollars in a savings account that pays 5% annual interest that is compounded yearly. At the end of ten years, how much money will be in the savings account?

### MATH HELP ASAP!

Randee invested \$1000 for college in an account earning 5% simple interest. When she withdrew the investment, she had earned a total of \$550 in interest. How long was the money invested? A 9 years B 10 years C 11 years D 12 years

### gscc

robin invests \$50 on the first of every month into a superannuation account. His employer, Batman, pays 9% of Robin's monthly income of \$2500 at the end of the month into the same account. Interest is paid at the rate of 6% p.a. compounded monthly. (a) Calculate the total ...

### maths

robin invests \$50 on the first of every month into a superannuation account. His employer, Batman, pays 9% of Robin's monthly income of \$2500 at the end of the month into the same account. Interest is paid at the rate of 6% p.a. compounded monthly. (a) Calculate the total ...

### Math

A company establishes a sinking fund in order to have 100,000 for upgrading office equipments in 4 years. If the company makes fixed monthly payments into an account paying 6.6% compounded monthly, how much should each payment be? How much interest will the account earn in 4 ...

### Math

An investment of \$3,000 is made at an annual simple interest of 5%. How much additional monery must be invested at an annual simple interest rate of 8% so that the total annual interest earned is 7.5 of te original amount that you invested?

### algebra 2

If a sum of money is deposited in a savings account that is paying x percent annual interest the this sum of money increases by a factor of(1+x) squared after 2 years. multiply this expression. evaluate the polnomial expression found in part A for an annual interest rate of 50...

### Math

Sam gets deposits a total of \$3500 every three months to the bank which earns a 6.5% p/a. After five years how much will he have in his account? Ren wants to buy a new car that costs \$26255, so, he would deposit money into his savings account with an interest rate of 3.9% p/a ...

### Algebra 1

You have \$6000 to invest in two stock funds. The first fund pays 5% annual interest and the second account pays 9% annual interest. If after a year you have made \$380 in interest, how much money did you invest in each account?

### Algebra word problem

please help me with the following: The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model a=3000e^0....

### Math

Richard Simons is selling his house. He has a choice of taking \$125,000 today or \$135,000 in 6 months. If he takes the money today, he can invest it at Valley Bank at 5% interest compounded monthly. a) How much would be in the account after six month if he took the \$125,000. b...

### Algebra

Helen invested \$14,000 in an account that pays 3% simple interest. How much additional money must be invested in an account that pays 6% simple interest so that the average return on the two investments amounts to 4% ?

### math

2. Suppose you obtain a \$3,000 T-note with a 3% annual rate, paid quarterly, with maturity in 5 years. How much interest will you earn?

### algebra

Homework Questions Attempts allowed Limits Points 7 Questions 3 No Time Limit 7 pts possible You're in the middle of taking this assessment. Resume Assessment Answer Back Next Question 6 of 7 (1 point) Jose invests money in two simple interest accounts. He invests twice as ...

### Math

Suppose you deposit \$400 in an account that earn 0.75 percent each quarter. You make no withdrawal from the account and deposit no mone money into the account. How much money will accumulate after 2.5 years

### Algebra 2

Suppose you deposit \$1500 in a savings account that pays interest at an annual rate of 6%. No money is added or withdrawn from the account. How many years will it take for the account to contain \$2500?

### math

How much more money would I have if I invested \$14,000.00 for 8 years at 6.4% in an account that compounded annually rather than in an account that just earned simple interest? Why is this?

### math

Yumi's grandparents presented her with a gift of \$11,000 when she was 8 years old to be used for her college education. Over the next 9 years, until she turned 17, Yumi's parents had invested her money in a tax-free account that had yielded interest at the rate of 5.5%/year ...

1. Calculate the present value of an investment given the following information: (a) Years—20, (b) Rate—10%, and (c) Future Value—\$20,000. 2. Calculate the future value of an investment given the following information: (a) Years—10, (b) Rate—5%, and (c) Present Value...

### value of money

At what annual nominal rate of interest will \$6,900 earn \$6,400 interest in five years?

### calculus

Assume your business associate owes you \$13650. Also assume they offer either \$12020 now or \$ 1950 per year for 7 years, starting now. Assume a 5.6% market interest rate, compounded continuously. How much would you have at the end of 7 years if you choose to take the \$12020 ...

### math

1.Julio bought a backpack for \$39.95 and 2 belts for \$17.99 each. The sales tax is 6.5%. How much did Julio spend for all the items, including tax? A \$61.71 B \$75.93 C \$80.87 D \$98.01 2. not posted 3.Each year on the same day, Susan deposits \$275 into a savings account that ...

### math

Shane invests \$7,000 in bonds that earn simple interest of 3%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at the end of 5 years.

### math

Shane invests \$7,000 in bonds that earn simple interest of 3%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at the end of 5 years

### Finance

You are planning to save for retirement over the next 15 years. To do this, you will invest \$1,100 a month in a stock account and \$500 a month in a bond account. The return on the stock account is expected to be 7%, and the bond account will pay 4%. When you retire, you will ...

### matlab

One bank pays 5.5 percent annual interest, while a second bank pays 4.5 percent annual interest. Determine how much longer it will take to accumulate at least \$50 000 in the second bank account if you deposit \$1000 initially and \$1000 at the end of each year. need help writing...

### calculus

suppose you invest some money in an account at 6% compounded monthly, after four years you have \$8000, how much interest did you earn

### Math

Your Aunt will give your \$1,ooo if you invest it for 10 years in an account that pays 20% interest compounded annually. That is, at the end end of each year your interest will be added to your account and invested at 20%. What will your account be worth at the end of 10 years...

### Finance

1. A man establishes an annuity for retirement by depositing \$50,000 into an account that pays 7.2% compounded monthly. Equal monthly withdrawals will be made each month for 5 years, at which time the account will have a zero balance. Each year taxes must be paid on the ...

### Algebra

An initial investment of \$1000.00 is appreciated for 5 years at 15% interest compounded semiannually. How much money is in the account after the period ends?

### 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-...

### Mathematics

Patrick invests a sum of money for 2.5 years at 12% p.a. compounded monthly. If he earns \$11305 after 2.5 years, how much is his investment?

### ~~~Math~~~~~~~~

Patrick invests a sum of money for 2.5 years at 12% p.a. compounded monthly. If he earns \$11305 after 2.5 years, how much is his investment?

If i invested 10,000.00 in a bank CD that pays a 6% annual interest. How much will the CD be worth at the end of five years

### finance

Suppose that you are 25 years old and you have two options to save money for retirement. Plan A allows you to save \$3000 per year for the next 20 years, then sit for 20 years and finally draw on it for the following 30 years. Plan B allows you to wait 20 years and save \$20,000...

### Finite math

The manager of a money market fund has invested \$4.2 million in certificates of deposit that pay interest at the rate of 5.4%/year compounded quarterly over a period of 5 years. How much will the investment be worth at the end of 5 years?

### math

This problem has to do with exponential models. The question says, you deposit \$1600 in a bank account. Find the balance after 3 years for each of the following situations. The first one says: 1. The account pays 2.5% annual interest compounded monthly. 2. The account pays 1....

### Finance

Bernie and Pam Britten are a young married couple beginning careers and establishing a household. They will each make about \$50,000 next year and will have accumulated about \$40,000 to invest. They now rent an apartment but are considering purchasing a condominium for \$100,000...

### Algebra 2

How much money would you have in 4 years if you deposited \$2500 in an account paying 5.5% annual interest, compounded monthly?

### Savings

A. How much should you invest each month in order to have \$800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years? B. How much interest will you earn? C. If you deposit the amount you need to achieve your goal in 20 years, how ...