If you put \$2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals

34,533 results
1. introduction to finance-16

if you put \$4000 in savings account that pays interest rate of 4%, compounded annually, how much will you have in 5 years? How much interest will you earn during the 5 years? If you put \$4000 each year into a savings account that pays interest at the rate

2. pre-algebra

You split \$1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one year,you have earned a total of \$69.50 in interest. How much money did you invest in each account?

3. Math

Determine how much money will be in a savings account if the initial deposit was \$1000 and the interest rate is 4% compounded continuously for 15 years, 6 months.

4. Math help! Check my answers ASAP!

1. Which graph most likely describes the distance a person walks in a 24-hour period? (1 point) a. Graph IV** b. Graph II c. Graph I d. Graph III 2. A car traveling at 25 mi/h accelerates to 48 mi/h over the first 5 seconds. It maintains that speed for the

5. 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.

6. algebra 2

You deposit \$800 in an account that pays 5.5% annual interest compounded continuously. Find the balance at the end of 5 years.

7. algebra

you deposit 8500 dollars in an account that pays you 3.5 % interest compounded continuously. How long will it take for the money to triple?

On the day of a child's birth, a deposit of \$30,000 is made in a trust fund that pays 3% interest, compounded continuously. Determine the balance in this account on the child's 30th birthday. (Round your answer to two decimal places.)

9. differential equation

If P(t) is the amount of dollars in a savings bank account that pays a yearly interest rate of r% compounded continuously ,then dP/dt=(r/100)(P) , t in years . Assume the interest is 5% annually ,P(0)=\$1000 ,and no monies are withdrawn a)how much will be

10. math. compounding interest

regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the account earn in the first 6 months?

11. 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?

12. PRE-CALC

If you put \$2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals

13. 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.

14. pre algebra

At the beginning of the year 2000, Bob put \$100 in a savings account. The bank pays Bob 5% interest on his total savings at the end of each year including all interest added to the account. Assume the interest rate continues and Bob does not deposit any

15. 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

16. Algebra ASAP

Suppose that \$17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account after 3 years if interest

17. algebra

you invest \$2800 in an account that pays an interest of 5.5%, compounded continuously. calculate the balance of your account after 12 years.

18. algebra 2

You deposit \$800 in an account that pays % annual interest compounded continuously. Find the balance at the end of 5 years.

19. Finance

You deposit a single amount of \$50,000 in a savings account that pays 7.6% annual interest (compounded quarterly). How much will you have at the end of four and a half years?

20. 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

21. alegbra 2

Earning interest- You deposit \$1000 in an account that pays 6% annual interest compounded continuously. Find the balance at the end of 2 years.

22. Calc

A person deposits money into a retirement account, which pays 7% interest compounded continuously, at a rate of \$1000 per year for 20 years. Calculate: a. The balance of the account at the end of 20 years b. the amount of money actually deposited into the

23. Algebra

I have no idea how to even begin writing this out. I need help desperately. A student deposits \$6,000 in a savings account with x% continuously compounded interest. How many years must he wait until the balance has doubled?

24. Algebra

I posted this question earlier incorrectly: I could still use some help figuring it out. A student deposits \$6,000 in a savings account with 6% continuously compounded interest. How many years must he wait until the balance has doubled?

25. math

Adrian has \$12,000 invested in a savings account which pays 5%, a time deposit paying 7% and a bond that pays 10%. He has \$1000 less invested in the bond than in his savings account, and he earned \$860 in annual interest. How much money is in each account?

26. math

you deposit \$2200 in an account that pays 3% interest, after 15 years you withdraw, what is the balance if the interest is compounded continuously

27. maths

Gordon Freeman wants to have \$32,000 in 5 years in order to purchase a new car. (a) How much should he deposit today in an account earning 6.4%, compounded quarterly, to have the required amount in 5 years? (b) How much interest will be earned? (c) If he

28. algerbra 2

If \$ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to \$ 7500 at 8%?

29. 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

30. math

If you put \$ 6,000 in a savings account that pays interest at the rate of 4 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put \$ 6,000

31. math

how much money would have to be invested in an account at 3.98% annual interset to achieve a balance of 25,000 in 17 years if a. The account pays simple interest b. the account compound interest qrtly c. the account compounds interest continuously

32. 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

33. math

I keep getting the problems wrong? Please help James deposits \$6000 into a savings account which pays 1% per annum. If the account compounds monthly, find the amount in the account after 10 years. (ive gotten 6631 but that's wrong) Nick deposits \$8,000

34. Calculus

Your rich uncle bequests to you a continuous, constant income stream of \$1000 per year for the next 10 years. The terms of the bequest require that this income stream be paid continuously into a specific savings account that will not be available to you

35. Calculus

Hi! I really do not get how to solve this...Money is transferred continuously into an account at the rate of 5, 000^(e0.015t) dollars per year at time t (years). The account earns interest at the annual rate of 5% compounded continuously. How much will be

36. Lat math question for some days. Can y'all help?

Huan deposited \$850 into a college savings account earning 4.8% interest compounded annually. He also deposited \$850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account earned more interest? How

37. math

If you have a savings of \$2235 and deposit the amount into an account that pays 2% annual interest, compounded monthly, what is the balance in the account after 4 years?

38. math 10

Theo deposited \$1,250 in a savings account that pays 6% interest, compounded quarterly. What was his balance at the end of the second quarter after the interest had been added?

39. personal finance

After a protracted legal case, Joe won a settlement that will pay him \$11,000 each year at the end of the year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming end of year

40. Math

A savings account with a current balance of \$5,000 earns 2.75% annual interest, compounded continuously. To the nearest dollar, what will be the account balance in 10 years?

41. 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?

42. 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

43. 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?

44. Calculus 2

I cannot figure this out for the life of me. Maybe I am overthinking it. Money is transferred into an account at the rate of R(t)=5000t(e^-0.6t) If the account pays 2% interest compounded continuously, how much will accumulate in the account over a 9-year

45. Algebra

an algebra student won \$115,000 in a lottery and wishing to deposit it in savings accounts in two financial institutions. One account pays 7.9% simple interest but only insures \$60,000. The second account pays 6.9% simple interest and deposits are insured

46. math

john hunt has invested \$500.00 in a savings account that pays 6% annual interest, compounded quarterly. After the second quarter of interest has been credited, what is the amount in the account?

47. Pre cal

Complete the table for a savings account in which interest is compounded continuously. (Round your answers to four decimal places.) Initial Investment: \$1,000 Annual % Rate: % Time to Double: 15 yr Amount After 9 Years:

48. algerbra 2

you deposit 10,000 dollars in an account that pays 4.25% interest compouned continuously. How long will it take for the account balance to reach \$15,000? i have \$15,000=\$10,000e^(.0425)(t). is that right? if not please can i get a reasoning if it's wrong,

49. algebra2

Bill invested \$15,000 in three accounts. The savings account paid 1% interest, the Mutual fund paid 10% interest, and the CD paid 2% interest. In one year, Bill earned \$210 in interest. If Bill put four times as much in savings as he put in the CD, how

50. math

you deposit \$2200 in an account that pays 3% annual interest. after 15 years, you withdraw the money. what is the balance if the interest is compounded continuously?

51. math

Suppose that you have \$12,500 to invest over a 4 year period. There are two accounts to choose from: 4.5% compounded monthly or 4.3% compounded continuously. a. Write the formula for the first account’s compound interest for n compounding per year. b.

52. Precalculus

NEED HELP ASAP PLEASE!! A savings account starts with \$600 and pays 5% interest per year, compounded four times per year. a) A function that models the amount in dollars in the bank account after m years is A(m)=____________? b) How much will be in the

53. 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

54. math

Choi deposited \$2500 in a savings account that pays 4.75% interest compounded quarterly. What will be the total amount of money in the account 15 years from the day of deposit?

55. wildcat

Compound Interest: Suppose \$1,600 is invested in a savings account that pays 5% compounded semiannually, how much is in the account at the end of 11 2 years? having difficulties in finding a solution

Uninhibited Growth Model. This is an example problem from the book and need help figuring it out? a) If \$3500 is invested in an account that pays 5% interest compounded continuously, how long will it take to grow to \$7000. b) How much money will the

57. calc2

At what constant, continuous annual rate should you deposit money into an account if you want to have \$1,000,000 in 25 years? The account earns 5% interest, compounded continuously. Round to the nearest dollar.

58. Algebra

Hi, can someone please walk me through this? I forgot how to do this and I lost my notes about it from last year Audrey deposited \$2,800 in a savings account that pays 2.65% interest compounded annually. What is the total value of the account after 7

59. 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.

60. 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

61. mathematics

In order to help her save money for college, Peyton's grandparents deposited \$10,000 into a savings account five years ago. Peyton has not made any withdrawals or deposits since then. The interest rate on the savings account is 3.75% each year. Using

62. mathematics

In order to help her save money for college, Peyton's grandparents deposited \$10,000 into a savings account five years ago. Peyton has not made any withdrawals or deposits since then. The interest rate on the savings account is 3.75% each year. Using

I Only Need Question 3. I have completed the rest. I have had several solutions and cannot come up with an answer. Thank you! Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months

64. Math

If \$ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to \$ 5000 at 3%? Round to the nearest tenth

65. Pre-Cal

A website is offering a savings account that pays 33% compounded continuously. How much interest would a deposit of \$3,000 earn over 15 years? (Round your answer to the nearest cent.) I used f(t)=Pe^rt and got 1000e^-0.045t I don't know what I did wrong.

66. math

Compound Interest Question James has 10,000 to invest. If he invest money in a savings account that pays 4% APR, calculate the following: a) how long will it take to have a total of 15,000 if interest is compounded quarterly (3months)? b)how much will he

67. Math

James has 10,000 to invest. If he invest money in a savings account that pays 4% APR, calculate the following: a) how long will it take to have a total of 15,000 if interest is compounded quarterly (3months)? b)how much will he have after 7yrs if interest

68. math

If you deposit \$10,000 in a savings account now, what interest rate compounded continuously would be required for you to withdraw \$15,000 at the end of 6 years? B. A savings and loans facility offers a CD with a monthly compounding rate that has an APY of

69. 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

70. Math

(a) Themba wants to deposit a sum of money into a savings account so that he will have R30 000 in 3 years time for an overseas holiday how much money must he deposit into the account if the interest paid on the savings is 8,5% p.a (b) R1 000 is deposited

Asia Desai deposited \$6,000 in a savings account that pays 5.5 percent interest compounded daily. How much interest did she earn in 21 day

72. Math

A savings account with a current balance of \$5,000 earns 2.75% annual interest, compounded continuously. To the nearest dollar, what will be the account balance in 10 years?

73. algebra

\$7,000 is invested into two accounts: 4,000 into an account paying 5% interest compounded monthly and \$3,000 into an account paying 4.1% interest compounded continuously. compute the total interest earned at the end of 2 years.

74. 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 ?

75. 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?

76. 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?

Invest \$23,000 in a savings account at 4.25% interest compounded quarterly. Invest into an ordinary annuity where \$5,000 is deposited each year into an account that earns 6.6% interest compounded annually.

78. algebra2

Bill invested \$15,000 in three accounts. The savings account paid 1% interest, the Mutual fund paid 10% interest, and the CD paid 2% interest. In one year, Bill earned \$210 in interest. If Bill put four times as much in savings as he put in the CD, how

79. MATHEMATICS

Suppose you won a contest at 9th grade start that deposited \$3,000 in an account that pays 5% annual interest compounded continuously. You go to college for four years (four years later). How much will you have then?

80. Statistics

Mary has a savings account and is earning 10% annual interest compounded semi-annually. If she deposits \$2,000 in the account every six months for three years, what will the future value of her account be? How much interest will she have earned?

81. finance

if you want to have \$7000 in 10 years, how much money must you put in a savings account today? Assume the account pays 4% compounded daily.

82. math

I really need help A person opens up a savings account that pays 4% interest compounded quarterly. The person makes deposits every three months, including the initial deposit of \$200 each. How many years will it take for the account to reach \$30,000? For

83. math

if you invest 500 dollars in a savings account that pays 8% interest per year, compounded quarterly, how much will you have in the account at the end of 11.6 years?

84. 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

85. math

Noah wants to put \$1,000 in a savings account with a 1.5% annual interest rate. How much more money will he have after one year if it is compounded monthly versus no compounding?

86. math

You deposit \$24000 in an account that pays 2.4% annual interest compounded continuously. What is the balance after 5 years?

87. 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

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

89. 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

90. jordan

Sanjay wants to buy a condominium in 3 yrs. He's planning to save for down payment. He plans to deposit \$2500 at the beginning of each year into a savings account. The savings account pays 2.25% interest, compounded monthly. How much money will Sanjay have

Uninhibited Growth Model. This is an example problem from the book and need help figuring it out? a) If \$3500 is invested in an account that pays 5% interest compounded continuously, how long will it take to grow to \$7000. b) How much money will the

92. math

Luis put \$800 in his saving account whichs pays 6% annual interest How much will he have in his account in a year if the interest is compounded quarterly? what is the first quarter principle?

93. 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.

94. math

Phil deposited \$1,000 in a savings account. How much will he have in his account in two years if his account is compounded annually at a 2% interest rate?

95. 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. Calculate the interest and compound it by hand each quarter rather than using the compound interest formula. The total interest

Help! I have had several solutions and cannot come up with an answer. Thank you! 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

97. math

An algebra student has won \$500,000 in a lottery and wishes to deposit it in savings accounts in two financial institutions. One account pays 11% simple interest, but deposits are insured only to \$250,000. The second account pays 6.3% simple interest, and

98. Personal Finance Concepts

After a protracted legal case, Joe won a settlement that will pay him \$11,000 each year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming end of year payments, so there will be

99. personal finance

A.After a protracted legal case, Joe won a settlement that will pay him \$11,000 each year at the end of the year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming end of year

100. 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