# money in an account earns interest at a continuous rate of 8 per year

53,744 results, page 13

### accounting 205

Net income for the year is $25,000. Withdrawals of $36,000 per were taken at the end of the year. Which of the following occurs? (Points : 1) The Capital account decreases by $22,000. The Capital account decreases by $11,000. The Capital account increases by $11,000. The ...

### Economic Question

Sorry, this is a little long, hope somebody could give me some help. Thanks in advance. Consider the exchange rate of the dollar for the euro. Suppose that the liquidity function L(i) is the same in both the United States and Europe. The United states and Europe are initially ...

### Macro economics

Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year? b) Gold is also recognized as a form of money. How well does gold serve the functions of money if we have ...

### MATH

Consider following situation.. You are going to buy this laptop at $1294.00 plus HST. You can also pay $50 a month for 30 months with down payment of $100. Compare following 3 scenarios using spreadsheets to calcuate how much you will pay. 1st Scenario: Pay Cash 2nd Scenario: ...

### FINANCIAL ACCOUNT

2. Robert purchases a motor car from Excellent Motors ltd whose cash price is 56,000 on January 1; 2005; Rs. 15,000 paid on signing the contract and the balance is to be paid in three equal annual installments of Rs. 15,000 each. The rate of interest is 5% per annum. Calculate...

### Help meee

Answer from spreadsheet Answer from hand calculation Problem #1: Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year 1 Year 2 Problem #2: Find the total amount if you deposit $300 at a rate of 6% for three years using simple ...

### Deposit

You deposit $3000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 35 years?

### Algebra

Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. For year one For year two I started with $500. for year one and $525. for year two and added the interest and ended up with 551.25 - and I was wrong...can someone please help

### business math

Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded monthly). She would like to retire with a pension of $20000 per month for 20 years. If she works 28 years before retiring, how much money must she and her employer deposit per month...

### bus math

Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded monthly). She would like to retire with a pension of $20000 per month for 20 years. If she works 28 years before retiring, how much money must she and her employer deposit per month...

### finance math

Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded annually). She would like to retire with a pension of $30000 per annum for 15 years. If she works 31 years before retiring, how much money must she and her employer deposit per annum...

### AP Macroeconomics

3. You buy a certificate of deposit (CD) that pays a nominal rate of 12% annually. You have a tax rate of 25%, so if the interest on this CD is taxable (which it may not be) your after-tax nominal rate is (1 ñ 25%) • 12% = 9%. Since 10% equals .1, we can rewrite the ...

### Algebra

A $4,000 principal is invested in two accounts, one earning 3% interest and another earning 4% interest. If the total interest for the year is $126, then how much is invested in each account?

### algebra

Find the ending balance in an account that opens with $6,000, earns 4.5% interest compounded quarterly, and is held for 10 years. (Round your answer to the nearest cent.)

### ALGEBRA

Find the ending balance in an account that opens with $3,560, earns 3.5% interest compounded monthly, and is held for 15 years. (Round your answer to the nearest cent.) =

### ALGEBRA

Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.)

### ALGEBRA

Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.)

### ALGEBRA

Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.)

### math

Find the ending balance in an account that opens with $5,000, earns 2.5% interest compounded quarterly, and is held for 5 years. (Round your answer to the nearest cent.) $ 1

### accounting

Find the ending balance in an account that opens with $9,000, earns 4.5% interest compounded quarterly, and is held for 5 years. (Round your answer to the nearest cent.)

### math

Find the ending balance in an account that opens with $6,000, earns 6.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.)

### Capital Investment and Financing Decisions.

1)Find the present value of Rs. 2,000 due in 6 years if money is worth compounded semi-annually. (b) Ascertain the present value of an amount of Rs. 8,000 deposited now in a commercial bank for a period of 6 years at 12% rate of interest. 2)You are required to determine the ...

### algebra 1

You deposit $70 in a savings account that pays an annual interest rate of 3%. How much simple interest would you earn in 2.5 years?

### algebra

If $6,000 is placed in an account with an annual interest rate of 3%, how long will it take the amount to triple if the interest is compounded annually?

### accounting

Blanche invested $9800 in a savings account with a yearly interest rate of 2% for 15 years. How much simple interest did she earn?

### math

After 5 years, marcels account earned $ 600 in interest. If the interest rate is 0.03, how much did marcel initially invest?

### Business studies

A machine was purchased with money borrowed from the bank at a cost of k50000.00 which is expected to last for 6 years and depreciated at 12.5% per 6,the depreciated value and the accumulated interest for year two (2)year (6) .The first calculation has been done for you. Year ...

### math1979

A stock that sold for $17per share at the beginning of the year was selling for$96 at the end of the year. If the stock paid a dividend of $3.57 per share, what is the simple interest rate on the investment in this stock? Consider the ...

### VBS 2010

Write a Web program to calculate the discount rate and interest rate for a bond. If a bond is purchased for n dollars and sold one year later for m dollars, then the discount rate is m-2/m and the interest rate is m-n/n, where each is expressed as a percent.

### Economics Questions.

I am not quite sure about the following questions, is it True or False for each of the following? 1) The exchange rate (under PPP) between the dollar and the British pound would be 0.5 dollars per British pound if a pair of American jeans costs 50 dollars in New York and 100 ...

### Math

A=P(1+r)^2 A= interest P= principle interest r= interest rate t= time in years If $4500 invested at 7% interest compounded annually yeilds $15600, for how many years was the money invested?

### accounting

andrew quits his job as an accountantwhere he earns $45000 per year to go back to scool for 2 years to get an NBA degree. He attends a school that charges $25000 per year for tuition & related expenses. How much is the total cost (explicit plus opportunity) of that degree?

### College Algebra

Susan invests 3 times as much money at 9% as she does at 6%. If her total interest after 1 year is $1980, how much does she have invested at each rate?

### Finance

Piedmont Enterprises currently pays a dividend (D0) of $1 per share. This dividend is expected to grow at a 20 percent per year rate for the next 2 years, after which it is expected to grow at 6 percent per year for the foreseeable future. If you require a 15 percent rate of ...

### Business mathematics

A sum of money when invested for a definite period at r% simple interest will yield an interest of rm80 .using the same interest rate, find the interest earned if the sum is tripled and the investment period is doubled

### math

The formula for calculating the amount of money returned for an initial deposit money into a bank account or CD (Certificate of Deposit) is given by A is the amount of returned. P is the principal amount initially deposited. r is the annual interest rate (expressed as a ...

### Finance

Comparing Future Value. Calculate the future value of a retirement account on which you deposit $2000.00 a year for 30 years with an annual interest rate of 7%.

### Math

Tuition for one year at a state university is about $13,000. Devon would like to attend this university and will save money each month for the next 4 years. His parents will give him$5,200 for his first year of tuition. Which plan shows the minimum amount of money Devon must ...

### algebra

Suppose that $4000 is invested at an interest rate of 5.5% per year, compounded continuously. What is the balance after 8 years?

### Finance

what is the present value of $1,000 paid at the end of the next 100 years if the interest rate is 7% per year?

### Finance

what is the present value of 1000 paid at the end of each of the next 100 years if the interest rate is 7% per year

### math

Approximately how long will it take an investment of $300 to triple, if the interest rate is 3.5% per year compounded continuously?

### finances

Joe won a lottery jackpot that will pay him $12,000 each year for the next ten years. If the market interest rates are currently 12%, how much does the lottery have to invest today to pay out this prize to Joe over the next ten years? Mary just deposited $33,000 in an account ...

### 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...

### Algebra

Please Help. How long, to the nearest tenth of a year, will it take $12,500 to grow to $20,000 at 6.5% annual interest compounded quartely? (Use the formula for compound interest with n compoundings per year to solve for t.)

### maths

On 1 Jan 2007, Peter celebrates his 30 year old birthday. As a birth commitment, Peter joins a 15 year-contribution Annuity Plan. The annual contribution will be fixed at $28,800 for 15 years. The first annual premium is payable on 31 Dec 2007. Peter chooses to retire at age ...

### strayer university

The Lo Company earned $ 2.60 per share and paid a dividend of $ 1.30 per share in the year just ended. Earnings and dividends per share are expected to grow at a rate of 5 percent per year in the future. Determine the value of the stock: A. if the required rate of return is 12...

### Math 7

PLEASE HELP!!!!! -You deposit $5,000 in an account that earns 5% simple interest. How long will it be before the total amount is $6,000?

### FINANCE

You deposit $2,000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.28% compounded quarterly. What will be the value of the account after 4 more years? (Do not round until the final answer. Then, round to the ...

### finanace

Compute the cost of the capital for the firm for the following:? a. A bond that has a $1,000 par value (face value) and a contract or coupon interest rate of 11.6%. The bonds have a current market value of $1,124 and will mature in 10 years. The firms marginal tax rate is 34...

### ECONOMICS/ACCOUNTING/BUSINESS

PLS HELP, BEEN STUCK FOREVER ON TWO QUESTIONS, THIS IS ONE : There are usually no costs for the first 3 years, but thereafter maintenance is re- quired for restriping, weed control, light replacement, shoulder repairs, etc. For one section of a particular highway, these costs ...

### accounting

Last year Angela used her 60% margin account and purchased 100 shares of stock at a price of $33 a share. Today she sold this stock for $36 a share. Angela paid a total of $70 in margin interest for the year. Ignoring transaction costs, what rate of return did Angela earn on ...

### math

Computing future value calculate the future value of a retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent.

### Mathematics of growth rate! Need help!

Suppose that your child is born this year, and that you would like to set aside enough money now so that your child will have $3000000 at retirement in 20 years. A) if return of return on your money averages 5% per year over the next 70 years, how much do you have to invest ...

### math

Jacob Fonda deposited $25,000 in a savings account at 10% interest compounded semiannually. At the beginning of Year 4, Jacob deposits an additional $40,000 at 10% interest compounded semiannually. At the end of six years, what is the balance of Jacob’s account?

### Business Math

Shelley Katz deposited $30,000 in a savings account at 5% interest compounded semiannually. At the beginning of year 4, Shelley deposits an additional $80,000 at 5% interest compounded semiannually. At the end of 6 years, what is the balance in Shelley's account

### math

Jacob Fonda deposited $25,000 in a savings account at 10% interest compounded semiannually. At the beginning of Year 4, Jacob deposits an additional $40,000 at 10% interest compounded semiannually. At the end of six years, what is the balance in Jacob’s account?

### MAth

Tammy Smith Deposits $5000.00 in First Internets Bank 5-year CD which pays 5.22% interest compounded monthly how much interest will she have in the account in 5 years?

### math

1. You are debating about whether to buy a new computer for $800.00 or a refurbished computer with the same equipment for $640.00. If a savings account earns 4.5% APR interest, how much do you really save with a refurbished computer if you put the difference into the savings ...

### Math

if a person deposits $304 per year for 13 years and makes $4275, how much interest did he make per year?

### FINANCE AND BANK

Last year Angela used her 60% margin account and purchased 100 shares of stock at a price of $33 a share. Today she sold this stock for $36 a share. Angela paid a total of $70 in margin interest for the year. Ignoring transaction costs, what rate of return did Angela earn on ...

### simple interest

a student borrow $12000 at a simple interest rate 4.5% how much interest is owed at the end of 5 years what amount of money must be repaid

### math

June has twice as much money invested at 5% simple annual interest as she does at 4 %. If her year income from the two investment is $315 how much does she have at each rate?

### financial management

Angela Anderson is employed as a Tax Manager by Super Cell Phone Service, Inc. She earns $135,000 per year in this role, supervising a department of five Tax Accountants. Calculate the Medicare taxes that will be withheld from Angela’s annual salary assuming a tax rate of 1....

### social studies

The Some Interest Credit Company provides loans to customers at 1.5 percent interest per month. Design an application that gets customer account data that includes an account number, customer name, and balance due. For each customer, display the account number and name; then ...

### Math

Josh's grandparents established a college fund for him when he was born. They deposited $8,200 into an account that earned 9.88% interest. Assuming Josh goes to college at age 18, how much money will he have if... a) ... the interest is calculated only once during the entire ...

### Quant Reasoning

Stereo Inc. sells a stereo system for $300 down and monthly payments of $80 for the next 3 years. If the interest rate is 4.25% per year, find: a) The cost of the stereo. Answer = $ b) The total amount of interest paid. Answer = $

### algebra 1

on january 1,1997 you deposit $200.00 in a bank account paying 5% interest compunded annually on december 31 of each year. which of the following will be the account balance on january 1,2005

### algebra 1

on january 1,1997 you deposit $200.00 in a bank account paying 5% interest compunded annually on december 31 of each year. which of the following will be the account balance on january 1,2005

### 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 ...

### Economics

Assume that the average income of an artist is $40,000 per year and that C=0.75Y^P. Further assume that in a good year the artist earns $50,000 and that in a bad year she earns $30,000. 1)Calculate the artist's average propensity to consume on average, in a good year and in a ...

### personal finances

computing future value. calucale the future value of a retirement account in which you deposit $2,000 a year for 30 years with an annual interest rate of 7 percent.

### financal problems

Computing future value. Calculate the future value of a retirement account in which you deposit 2,000 a year for 30 years with an annual interest rate of 7 percent.

### Math

Meg's pension plan is an annuity with a guaranteed return of 9% interest per year (compounded semi-annually). She would like to retire with a pension of $70000 per semi-annum for 25 years. If she works 45 years before retiring, how much money must she and her employer deposit ...

### math

Show work for. A principal of $5000.00 was invested in a saving account 4 years. if the interest earned for the period wass $400.00 what was the interest rate?

### interest

In a savings account, a principal of $1000 is deposited at 5% per annum. In the second account a principal of $500 is deposited at 10% per annum. Both accounts are compounded continuously. a. estimate the doubling time for each

### theory of interest

1.Two investments are made at the same time. The first consists of investing 1550 dollars at a nominal rate of interest of 7.9 percent convertible semiannually. The second consists of investing 1450 dollars at a nominal rate of interest of 7.9 percent convertible daily. How ...

### Math

Minta willwithdraw the moneyfrom her bank account when the interest earned is 300 euros. Find the time in years until Minta withdraws the money from her bank account.

### math

Sam invested $5000 in a GIC earning 8% compound interest per year. The interest gets added to the amount invested, so the next year Sam gets interest on the interest already earned as well as on the original amount. How much will Sam's investment be worth at the end of 10 ...

### math

I keep getting an answer with an exponent and i am not sure what i have done wrong here. Any help is appreciated. To save for his retirement, Jeff puts $800 per month into his savings account every month for 30 years. The savings account pays 9% interest compounded monthly. ...

### corporate finance

What is the present value of $1000 paid at the end of each of the next 100 years if interest rate is 7% per year?

### Math

4700 is borrowed at a rate of 16% interest per year, compounded quarterly. Find the amount due at the end of 4 years

### math

Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. P = $2500, r = 3%, t = 3, compounded quarterly $ ?

### math

Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. P = $24,000, r = 7%, t = 6, compounded monthly $ ?

### accounting

Data provided: Estimated manufacturing overhead cost for year....$93,000 Estimated direct labor cost for the year... $75,000 Actual manufacturing overhead cost for the year... $84,000 Actual direct labor cost for the year... $64,000 Requirements: 1. Compute the predetermined ...

### business

You have recently learned that the company where you work is being sold for $275,000. The company’s income statement indicates current profits of $10,000 which have yet to be paid out as dividends. Assuming the company will remain a “growing concern” into the infinite ...

### finance

Julie's x-ray company paid $2.00 per share in common stock dividends last year. The company's policy is to allow its divident to grow at 5 percent for 4 years and then the rate of growth changes to 3 percnet per year from year 5 on. What is the value of the stock if the ...

### Finance

Answers for a 10 year us treasury bond has a 3.50 % interest rate, while a same maturity corporate bond has a 5.25 % interest rate. Real interest rates and inflation rate expectations would be for the two bonds. if default risk premium of 1.50 percentage points is estimated ...

### 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 ...

### math

Problem #1: Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year 1 Year 2 Problem #2: Find the total amount if you deposit $300 at a rate of 6% for three years using simple interest. Year 1 Year 2 Year 3 Problem #3: Find the total...

### algebra

Suppose a retiree wants to buy an ordinary annuity that pays her $2,000 per month for 20 years. If the annuity earns interest at 3.5% interest compounded monthly, what is the present value of this annuity?

### Math Compound Interest

If $500 is invested at an interest rate of 4.5% per year, find the amount of the investment at the end of 11 years for the following compounding methods. (Round your answers to the nearest cent.) Find a, Anually Find b, SemiAnually Find c, Quarterly Find d, Continuosly

### Finance

A person invests $500 on June 4, 2015 in an account which earns 7% simple interest. Determine the value of the investment on October 18, 2015.

### ALGEBRA

Find the ending balance in an account that opens with $5,000, earns 7.5% interest compounded quarterly, and is held for 20 years. (Round your answer to the nearest cent.) I had $750.05

### Finance

Find the finance charge in the open end charge account. Assume interest calculated is on the unpaid balance of the account Unpaid balance $611.80 Monthly interest rate 1.1%

### calculus

Suppose that the sales at Borders bookstores went from 70 million dollars in 1989 to 415 million dollars in 1993. What is the continuous percent growth rate, per year, of sales?

### 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 MATH MATH

Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...

### english

. A sinking fund is the accumulated amount to be realized at some future date (the end of the term) when a fixed number of periodic payments are paid into an account earning interest at the rate of i per period