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

40,008 results
  1. fin

    If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much money will be in your account after 5 year?

  2. math

    Suppose Jessica places $8500 in an account that pays 7% interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding. a)Find the amount in the account at the end of 1 year. b)

  3. math

    You deposit $500 in an account that earns 4% simple annual interest. The interest earned each year is added to the principal to create a new principal. Find the total amount in your account after each year for 3 years.

  4. finance

    You want to have $75,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.8% interest, what amount must you deposit each year?

  5. finance

    Raffles Bank pays 4% simple interest on its deposit account, whereas Bugis Bank pays interest on its deposit account compounded monthly. Formulate the quoted and effective interest rates that Bugis Bank should set if it wants to match Raffles Bank,

  6. 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 Assume the interest is 5% annually ,P(0)=$1000 ,and no monies are withdrawn a)how much will be

  7. math

    Suppose you deposit $275.00 in your savings account on December 31. Your bank pays 3 percent annual interest on savings accounts. If you do not deposit any more money into the account, what would be the balance on December 31 of the following year?

  8. Math

    Jessica wants to accumulate $15,000 by the end of 4 years in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 4-year period.

  9. magh

    suppose you put money into teo different bank accounts. In account #1 you deposit $500 and you will be earning 6% interest compounded quarterly. in account #2 you deposit $600 and you will be earning 5% interest compounded annually. Which statement below

  10. math

    suppose you deposit $3000 in a savings account that pays interest in a a rate of 4%. if no money is added or withdrawn from the account, how much will be in the account after ten years.

  11. Math

    Suppose you deposit $10,000 into a savings account with 3.5% compound interest compounded each month. Find the account balance in 50 years. Round the answer to the nearest thousand dollars. Help

  12. college algebra

    Ivan is putting money into a checking account. Let y represent the total amount of money in the account (in dollars). Let x represent the number of weeks Ivan has been adding money. Suppose that x and y are related by the equation y=550+40x. What is the

  13. Math

    You deposit $500 in an account that earns 4% simple annual interest. The interest earned each year is added to the principal to create a new principal. Find the total amount in your account after each year for 3 years.

  14. 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

  15. 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

  16. finance

    Bank A pays 5% simple interest on its deposit account, whereas Bank B pays interest on its deposit account compounded monthly. Formulate the quoted and effective interest rates that Bank B should set if it wants to match Bank A, assuming a 6-years horizon

  17. Math

    If you deposit $900 semiannually in a bank which pays 6% interest compounded semiannually and make no more deposits after 7 years, what is the balance in the account 8 yrs. later from the last deposit?

  18. Math

    If you deposit P dollars into a bank account paying an annual interest rate r, with n interest payments each year, the amount A you would have after t years is A=P(1+r/n)^nt. Kevin places $100 in a savings account earning 6% annual interest, compound

  19. Finite Mathematics

    Jessica wants to accumulate $14,000 by the end of 5 yr in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 5-yr period. If

  20. Pre algebra

    A company deposits $5,000 in a bank account that earns 3% compound interest each year.which function represents the value,V(t),in dollars,of the bank account after t years?

  21. Economics - Finance

    If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? What is the total amount in the account after three years? What is the amount after three years if the interest was

  22. math

    Suppose you deposit $600 in a savings account. The interest rate is 4% per year. Find the principal balance in the account after six years

  23. Intermediate Algebra

    How much would you have to deposit today in order to have $5000 in 4 years in a bank account that pays 5% annual interest rate

  24. 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?

  25. algebra

    The formula for calculating the amount of money returned for an initial deposit into a bank account or CD (certificate of deposit) is given by nt n r P A „Ê„Ë „É „º„» „¹ ƒ­ 1ƒy A is the amount of the return. P is the principal amount

  26. Math

    A bank account balance for an account with an initial deposit of P dollars earns interest at an annual rate of r. the amount of money in the account after n years is described using the following expression: P(1+r)^n. What effect, if any, does decreasing

  27. math

    Suppose $500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of $200 in interest between the two accounts. How much was invested into the bank account that pays 10%

  28. math

    Suppose Jessica places in an account that pays interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding. a)Find the amount in the account at the end of 1 year. b) Find the

  29. bussiness fianace.

    • You deposit $5,000 into a 3-year certificate of deposit account that pays an annual compound interest of 3.0%. When the CD period is up, you roll the entire balance over into another 3-year CD paying 3.5%. How much will you have at the end of 6 years?

  30. 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.

  31. Finance

    Suppose your bank account will be worth $4,200.00 in one year. The interest rate (discount rate) that the bank pays is 5%. What is the present value of your bank account today?

  32. algebra

    Compound interest word problem. Suppose JJ has $1000 that he invests in an account that pays 3.5% interest compounded quarterly. How much money does JJ have at the end of 5 years? Formula: A= The amount of money earned after a certain length of time. P=

  33. 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

  34. calculus

    an amount of 1000 is deposited in a bank that pays 8% interest/year compounded daily (take the number of days in a year to be 365) let an denote the total amount on deposit after n days, assuming no deposits or withdrawals are made during the period in

  35. Algebra 1

    you have $50 in your bank account and you deposit $20 per week. Write an equation for the total amount of money you have in your account after x weeks.

  36. 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?

  37. 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,

  38. Math/Compound Interest

    1. Use the compound interest table to find the compound amount earned on a $5,900 deposit for 10 years at 10% compounded semiannually. _____________________________________ A. 9,610.45 b. 15,654.47 c. 3,710.45 d. 12,375.66 2. Megan deposited $6,000 in an

  39. Pre-Algebra

    Solve the inequality for each solution. -Arnelle's checking account balance is -$49.00. How much money must she deposit to bring her account to a possitive balance? PlZZZ Help me! =( She must deposit $49.01 plus whatever the bank charges for writing a hot

  40. math

    a) Enter your desired amount of money you wish to receive each month while retired = $ 2000 b) Upon retirement (40 years from now) you want to receive "x dollars" (amount of money you choose in Part a) each month for a period of 28 years. This money

  41. math

    Suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year.

  42. Finance math

    A bank pays 10% compounded annually on its three-year fixed deposit account. At the end of the three years, a 3% bonus on the final amount will be paid. find the effective interest rate that will be earned on this scheme

  43. Algebra Grade 7

    If a bank offers a savings account that pays simple interest rate of 4% and you deposit $475.00 into this account, how much interest will you have earned after 3 years?

  44. mathematics

    You deposit $2,000 in a bank account at the beginning of each year for 10 years. What is the amount just after the tenth deposit if the interest rate has always been 3%? (2000*(1.03^10−1))/1.03= (2000*0.343)/0.03= 686/0.03=22866kr Would that be right?

  45. Math

    Compound Interest A Interest paid on the principal and the interest of a deposit or loan. B Percentage of discount on a purchase C The amount on income taxes paid by a business D Interest paid only on the principal of a deposit or loan Is it d?

  46. mathematics

    You deposit SEK 2,000 in a bank account at the beginning of each year for 10 years. What is the amount just after the tenth deposit if the interest rate has always been 3%? (2000*(1.03^10−1))/1.03= (2000*0.343)/0.03= 686/0.03=22866kr Would that be right?

  47. 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

  48. Social Studies

    I was wondering if I could check my answers with someone. I'm a bit confused with interest. I put stars next to the answers I chose. Thank you. An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest

  49. economics

    Suppose you wish to invest X dollars in a bank account which pays 5% per year. You want to use this account to pay for costs that appear each year, starting with year 15. The amount you have to pay in year 15 is 276.71 and then the payments grow at a rate

  50. Math help

    Samantha finds a bank, Star Bank, which offers a CD account with a 2% interest rate every month. Star Bank’s interest is not compounded. The interest is based on the original amount of deposit. Remember that Samantha has $500 to start the account. She

  51. mathmatics

    4. Annie finds another bank, Star Bank, that offers a CD account with a 2% interest rate every month. Star Bank's interest is not compounded. The interest is based on the original amount of deposit. Remember that Annie has $500 to start the account. She

  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. Math

    Seth currently has $160 in his account and he deposit eight dollars in it every week. Keira has $270 in her bank account and withdraws three dollars from it every week. Write a equation to determine the number of weeks it would take seth and Keira to have

  54. math,algebra

    what is the correct formula to use for the following problem: Find compound amount for the deposit.Round to the nearest hundredth $11000 at 6% compunded quarterly for 2years. the one that i am thinking of is: a = p(1 + (r)/(m))^mt so my a = 1100;r=0.06;t=2

  55. Algebra

    Suppose $6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of $1000 in interest between the two accounts. How much was invested into the bank account that pays

  56. Math 10 Linear Equations

    Kevin opened a bank account and plans to deposit $200 each month. Each time he makes a deposit, his parents have agreed to add 50% of the amount the family collects for returning cans and bottles. a) Write an equation that will show his monthly amount when

  57. Finance

    Suppose your bank account will be worth $4,200.00 in one year. The interest rate (discount rate) that the bank pays is 5%. What is the present value of your bank account today?

  58. 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.

  59. math

    On your birthday, you deposit $540.00 in an account that pays 6% interest compound anually. How much is in the account 3 years later?

  60. Math

    Cathy makes a deposit of 4500 dollars into an account that pays 5.8 percent simple interest. How much is in the account 8 years later?

  61. 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?

  62. 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

  63. Algebra

    Suppose that you deposit $1735.50 in a savings account that pays 9.25% annual interest with interest created to the account at the end of each year. Assuming no withdrawals are made, find the balance in the account after 4 years

  64. math

    Suppose that you deposit $1735.50 in a savings account that pays 9.25% annual interest with interest credited to the account at the end of each year. Assuming no withdrawals are made, find the balance in the account after 4 years

  65. math

    can I any one help me to find a formula to calculate 401K plans for my project? Thanks Compound Interest With compound interest, the interest due and paid at the end of the interest compounding period is added to the initial starting principal to form a

  66. math

    walter deposits $5,000 in a bank account that pays 9% simple interest. If he doesn't change the principal, what will his balance be in 4 years?.

  67. MATH

    During the 1st year at university, Erica¡¦s father had been sending her $1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on August 1st every year so that

  68. qmds

    During the 1st year at university, Erica¡¦s father had been sending her $1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on August 1st every year so that

  69. Social Studies

    An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest rate differ from a simple interest rate? (1 point) ***Compound interest rates pay more interest over time. Compound interest rates are calculated

  70. 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

  71. College Algebra~ Check answer please

    Can someone check my answers please. The formula for calculating the amount of money returned for an initial deposit into a bank account or CD (certificate of deposit) is given by A=P(a+r/n)^nt A is the amount of the return. P is the principal amount

  72. 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

  73. math

    We deposited 7,500 dollars into a savings account which pays 3.6 percent annual interest, compound quarterly.How long after the money is deposited will the account balance be 9,750 dollars?What initial deposit will generate a balance of 12000 dollars in

  74. economics

    Suppose you wish to create a scholarship fund which will pay 73.43 each year for the next 14 years. If you accomplish your task by depositing a single amount today into a bank account which pays 12.91% per year, what must the deposit amount be? (Accuracy

  75. math

    Rob has a balance of 1695$ in his bank account The account pays 2.9% interest per year, compounded annually. The compound interest formula is A=P(1+i)^n A=future value\P=principal/i+interest rate/n=number of payments rods balance will reach 3000$ after how

  76. Finance

    7. Today you open a bank account and make a deposit of $6,000. Then you make the following deposits: in t=1 you deposit $6,500, in t=2 $45,000, in t=3 nothing, in t=4 nothing, in t=5 $7,000, in t=6 $8,700. You made your last deposit of $34,000 in t=7.

  77. algebra

    1. Suppose Mary deposits $200 at the end of each month for 30 years into an account that pays 5% interest compounded monthly. a. How much total money will she have in the account at the end? b. How much total money did Mary actually deposit? c. How much

  78. object oriented programming

    Create a project named BankAccountTester. Create a class named BankAccount. A bank account has fields for a balance. The bank account balance should be initialized to 0. The bank account class should include a deposit which adds an amount passed to it to

  79. Finance

    You have just deposited X dollars in your bank account that pays interest of 6 percent p.a. you discover that at the end of one year you have $19,935 in the account. What was X, that is, the amount of money that you deposited today? Answer: $18,806.60 Can

  80. Finance301

    Suppose your bank account will be worth $15,000.00 in one year. The interest rate (Discounted Rate) that the bank pays is 7%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only

  81. Algebra

    Jon invested a total of $40,000 in 3 different bank accounts. One pays an annual interest rate of 3%, the second account pays 5% annual interest and the third account pays 6% annual interest. In one year, Jon earned a total of $1960 in interest from these

  82. math

    Suppose you deposit $600 in a savings account. The interest rate is 4% per year. Find the principal balance in the account after six years

  83. algebra 2

    You have $22 in your bank account, and you deposit $11.50 per week. Your cousin has $218 in his bank account and is withdrawing $13 per week. The graph of this problem situation intersects at x=8. What does this mean? A. In 8 weeks, you will have triple

  84. math college

    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

  85. 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?

  86. Finance

    Suppose your bank account will be worth $15,000.00 in one year. The interest rate (discount rate) that the bank pays is 7%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only

  87. maths

    how much must i deposit today so that i can have 4700 in tow years time if the bank pays 5% compound interest yearly

  88. Math

    If 7000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank account after 11 years if interest is compounded annually

  89. 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

  90. Mathematics

    Serena has 500 dollars in a savings account that pays 4% simple interest per year. If she does not deposit or withdraw from this savings account, how much money will be in serena's savings account after 3 years?

  91. Math

    Kendal spent 1/3 of her money on an mp3 player. The next week, she earned 25 dollars from baby sitting and deposited it in her bank account. Her bank account is now at 115 dollars. How much did she start out with?

  92. math

    Present Value suppose your bank account will be worth $7000 in one year. The interest rate (discount rate) that the bank pays is 8%. What is the present value of your bank account today? What would the present value of the account be if the discount rate

  93. Compound interest

    Hello My teacher skipped over this and I have no clue how to do this or the equations. Help would be wonderful thank you If 6000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 15 years

  94. economics

    In order to have money for their daughter's college education, a young couple started a savings plan into which they made intermittent deposits. They started the account with a deposit of 128.44 dollars (in year zero) and then added 421.97 dollars in year

  95. Word problem

    suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year. 350 x 0.06 = interest in 1 yr. 4/12 of that is the interest in 4 months.

  96. maths

    A man save 55,000 in a saving account which pays compound interest semi annuals at the rate of 6% per annum . a.What will be the amount in his account after 12 years

  97. math

    rodney opens a saving account and deposits 3000 dollars. the saving account earn 5% yearly simple terest. If rodney does not deposit any additional money into the account, how much compound interest did she earn over all 3 years

  98. math

    need help with "you have $15 in your bank account. you spend $11 on a hat. then you mow 3 lawns for $20 each and deposit the money into your bank account, write and solve an expression (using order of operations) to determine how much money is in your

  99. math

    Guys please i need your help i am not getting the answer over the following questions. 1) Maria banked sh. 95,000 in her bank account. If the bank gives a simple interest of 17% per year, how much will she get after 3 years? 2) If Mollel got sh. 230,000

  100. Math

    You plan to make 24 equal quarterly payments (payments are at the end of each period) into an account to pays 8% (per year compounded quarterly). If you need $5,000 at the end of 10 years (i.e. 4 years after the last payment is made into the account), how

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